Don’t forget! The Industrial Internet of Things Relies on Stable Power

Credit to Author: Vincenzo Salmeri| Date: Fri, 01 Dec 2017 17:56:03 +0000

According to McKinsey & Company, digitizing information-intensive processes can cut costs by up to 90 percent and reduce turnaround times by several orders of magnitude. Accenture forecasts reinforce this vision… Read more »

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New Simulation Tools are Driving Down Oil and Gas Company Operational Costs

Credit to Author: Eric Koenig| Date: Thu, 30 Nov 2017 21:10:19 +0000

According to the World Economic Forum, digital transformation in the Oil & Gas industry could unlock approximately $1.6 trillion of value for the industry, its customers and wider society. Digital… Read more »

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The 5 Things You Need to Improve Asset Performance with the IIoT

Credit to Author: Kim Custeau| Date: Thu, 16 Nov 2017 10:13:55 +0000

Industry 4.0 and IIoT technologies are revolutionizing Asset Performance Management (APM). This transformation is bringing about the intersection of APM and Industry 4.0 – a development that LNS Research has… Read more »

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A Look Ahead: What’s New for Offshore Oil and Gas UPS Solutions

Credit to Author: Philippe Carle| Date: Wed, 15 Nov 2017 19:40:29 +0000

Downtime in the oil and gas industry is expensive. What’s more, the cost of a mishap on an offshore platform can run in the billions of dollars and have an… Read more »

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Digitalization in Oil & Gas: Where is the Business Value?

Credit to Author: Philippe Carle| Date: Mon, 13 Nov 2017 17:21:07 +0000

In this era of low oil & gas commodity prices, improvements to process and technology efficiencies begin to emerge as a critical success factor. Aging assets across application areas that… Read more »

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3 Steps for Countering Oil & Gas Cybersecurity-related Business Continuity Threats

Credit to Author: Philippe Carle| Date: Thu, 09 Nov 2017 18:26:09 +0000

Cyber-attacks cost companies worldwide an estimated $300-400 billion each year in unanticipated downtime and that number is projected to increase sharply. Some large industrial organizations estimate their cost of downtime… Read more »

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How Big Data and Analytics increase Production Asset Uptime in Oil Fields?

Credit to Author: Eddy Lek| Date: Wed, 08 Nov 2017 08:08:44 +0000

Oil and Gas producers continue to be highly focused on reducing their operations costs to reach break-even prices below $40/bbl.  Although oil prices have recovered to above $60/bbl recently, companies… Read more »

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The Dynamic Relationship of Oil and Gas Digitized Operations and Profit

Credit to Author: Gary Freburger| Date: Mon, 06 Nov 2017 18:56:04 +0000

  The oil and gas industry is currently struggling to manage a new world order based on lower oil prices. Average oil prices have dropped to about half of what… Read more »

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If Value Lost = $ Lost, how are you fixing the leaks along your supply chain?

Credit to Author: Livia Wiley| Date: Sun, 05 Nov 2017 15:09:57 +0000

If you have a leaky faucet, you have many options when fixing it. You can: DIY (do it yourself): Guess, Google, or YouTube the steps Call a relative or friend… Read more »

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How Edge Computing and Drones Reduce the Cost of Oil & Gas Exploration

Credit to Author: Philippe Carle| Date: Tue, 24 Oct 2017 15:00:33 +0000

Oil and gas exploration is expensive, with the location of the drill site driving a considerable portion of the cost. For example, the cost of a typical shallow shelf oil well… Read more »

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