As regulations tighten and ESG initiatives gain momentum in the oil and gas industry, addressing venting and flaring emissions becomes paramount for upstream operators. Venting releases natural gas into the atmosphere, while flaring involves controlled combustion. The reason for venting is primarily operational. For instance, equipment leaks like oil tank hatches are left open, or
1. Assess Needs Before diving into an ERP system upgrade, it’s crucial to assess your organization’s specific needs. This involves a thorough analysis of current processes, understanding the limitations of your existing system, and pinpointing the improvements you aim to achieve. Engage with various stakeholders across departments to gather insights and prioritize features that will
Workover and intervention events within the Oil and Gas industry are unavoidable. Convert these downtime scenarios into optimized uptime and productivity. From modernizing how the Oil & Gas industry responds to workover and intervention events, predicting (and avoiding) output disruptions, and ensuring operational productivity is optimized every single day, end-to-end maintenance planning and scheduling is
The importance and urgency around the global sustainability agenda have never been greater for organizations. In fact, in a study by BCG, 62% of companies now consider sustainability as a major consideration for digital transformation investment. Furthermore, for the companies that do invest in sustainability, according to a recent article, being a sustainability leader unlocks growth opportunities
Reflect Deeply Reflecting on a failed ERP project requires honesty and a willingness to identify the missteps. Start by gathering all stakeholders for a post-mortem analysis. Discuss openly what each person thought the objectives were versus what was delivered. This can often reveal a disconnect between expectations and reality, a common issue in ERP implementations.
Digital transformation is a continuous journey, as our world ceaselessly turns to digital tools and approaches to solve our most urgent problems and make decisions. With technological trends changing at a rapid pace, businesses race to learn about these new shifts and how they can leverage up-and-coming technologies. This calls for accelerated digital transformation. Discover the
2023 brought with it new trends to interpret, fresh challenges to navigate, and, of course, lessons to learn. In 2024, global service leaders will be focused on seizing new opportunities and the impact they will have on their businesses. I’m not one to pause and reflect often; I tend to move from one thing to
1. Define Goals Before diving into performance evaluations, it’s essential to define clear, measurable goals for your AI system. This means understanding what success looks like for your specific application—whether it’s maximizing accuracy, minimizing error rates, or ensuring fairness across different demographics. Without clear objectives, it’s challenging to determine if your AI is performing well
Industry 4.0 is mainstream in A&D manufacturing, and attention is now turning to the new kid on the manufacturing block—Industry 5.0. Although in its infancy, early understanding of Industry 5.0 is that it is not just made up of new technology but is all about a more encompassing approach to the use of such technologies
It is no secret the last couple of years brought market uncertainty to the global upstream oil and gas industry. The significant decline in demand and continued pricing volatility for oil and gas has created operational and financial challenges for upstream companies both big and small. During these times, veteran E&P leaders, accustomed to the
