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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 »
The post New Simulation Tools are Driving Down Oil and Gas Company Operational Costs appeared first on Schneider Electric Blog.
Read MoreCredit 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 »
The post The 5 Things You Need to Improve Asset Performance with the IIoT appeared first on Schneider Electric Blog.
Read MoreCredit 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 »
The post A Look Ahead: What’s New for Offshore Oil and Gas UPS Solutions appeared first on Schneider Electric Blog.
Read MoreCredit 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 »
The post Digitalization in Oil & Gas: Where is the Business Value? appeared first on Schneider Electric Blog.
Read MoreCredit 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 »
The post 3 Steps for Countering Oil & Gas Cybersecurity-related Business Continuity Threats appeared first on Schneider Electric Blog.
Read MoreCredit 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 »
The post How Big Data and Analytics increase Production Asset Uptime in Oil Fields? appeared first on Schneider Electric Blog.
Read MoreCredit 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 »
The post The Dynamic Relationship of Oil and Gas Digitized Operations and Profit appeared first on Schneider Electric Blog.
Read MoreCredit 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 »
The post If Value Lost = $ Lost, how are you fixing the leaks along your supply chain? appeared first on Schneider Electric Blog.
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