Sphera has released a new Interactive piping and instrumentation diagram (P&ID) solution that helps organizations break down silos between their operations, maintenance and engineering departments while simplifying isolation planning.
No doubt exists that COVID-19 is disrupting the oil and gas industry. Oil prices are falling, demand is down, supply is up, and storage capacity is limited. In these difficult times, the industry must swiftly act to keep business viable to come back strong when conditions improve.
After natural gas is extracted from onshore and offshore sites, it must be transported and processed.
According to the International Association of Oil and Gas Producers (IOGP), there were 31 fatal incidents across the industry in 2018.
The refining industry is facing increased pressures, such as crude oil supply changes, changing product distributions and increasing regulations. These pressure points create a highly competitive market where refiners are looking for options that include digitally transforming operations and adapting new technologies to enhance safety and improve uptime, flexibility and efficiency, while securing their competitive position in a dynamic market. Improving personnel and process safety remains a top focus area for refiners.
Gas processing, liquefaction, oil refining, bulk petrochemicals and chemicals plants represent a large population of frontline engineers and technical managers. Their professional lives will become increasingly impacted by the growing adoption of disruptive digital technologies and digital platforms.
The science of project planning has something of a tenuous reputation. How often do large oil and gas capital expenditure (CAPEX) projects really come in according to plan? Almost never. Indeed, 30% of respondents to a 2018 PWC survey said they had experienced cost overruns of 10%–50% on their Middle East capital projects.
Many industrial facilities, especially those in the chemical, oil and gas and petroleum industries, involve inherent risks in operations due to the processing of material that is hazardous in nature. It is necessary to precisely identify and analyze hazards, operability issues, associated risks and consequences.
Welcome to the future! The plant runs fully automated; robots glide silently back and forth, ensuring an optimized process; and your maintenance technician—with a few keystrokes—can tell you exactly how each piece of equipment is running. The promise of the Industrial Internet of Things (IIoT) has been delivered.
One of the most common and important building blocks in the petrochemical industry is ethylene, constituting a huge and fast-growing worldwide industry. Ethylene is an intermediate chemical used to manufacture many commercial products—approximately 200 MMt will be produced in 2020.