Project Management

Viewpoint: How digital transformation impacts daily manufacturing operations

Price, E., Honeywell Connected Enterprise

With the ever-increasing speed of technology innovation around the Industrial Internet of Things (IIoT) and cloud offerings, industrial manufacturers are evaluating how these new solutions can impact their daily operations. Specifically, they are looking at how these innovations enable real-time, actionable insights across processes, assets and the workforce. These insights allow for quicker and more informed decisions, thereby driving efficiency and profitability.

Project Management: How human intelligence and AI are driving project planning in the oil and gas industry

Patterson, D., InEight

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.

Roundtable: The skills gap: How to bridge it and how to close it

Marx, J., Airswift; Stuart, J., Lloyd's Register; Peet, H., Energy Jobline

The skills gap is not a new phenomenon for the oil and gas sector. An aging workforce and increased competition for tomorrow’s technical talent have left the industry nervous about its future. On the heels of the 2019 Global Energy Talent Index (GETI), a panel of experts came together to discuss the sector’s ongoing struggle with the skills gap and what oil and gas/energy companies can do about it.

Onsite

Nichols, Lee, Hydrocarbon Processing Staff

Business Trends: EPC 2030: Five vital characteristics that will define the EPC firm of tomorrow

Donnelly, P., AspenTech

The state of the global engineering, procurement and construction (EPC) industry can accurately be described as “challenging.” Operating in an environment of volatile, uncertain, complex and ambiguous conditions, EPC firms are facing unsustainable levels of stress.

RAM analysis for refinery process design optimization

Gandhi, S., Kortnicki, H., Nangia, K., Fluor Enterprises, Inc.

RAM refers to reliability, availability and maintainability analysis. The RAM model uses discrete event simulation (DES) software and provides a quantitative assessment of the performance of an industrial plant. This article discusses the use of RAM analysis on petroleum refinery projects to select an optimum process configuration and associated storage requirements.

Business Trends: The ins and outs of construction contracts

Shahani, G., Berg, J., ShureLine Construction

Industrial construction projects are becoming larger and more complex, with shorter schedules. To meet these challenging requirements, such construction projects are often executed by multiple entities located in different countries that may have different business objectives.

HP Top Project Awards

The editors of Hydrocarbon Processing have identified nine projects that are anticipated to significantly impact the global or regional downstream industries. The winners and nominees of the HP Top Project awards will have a considerable impact on the HPI, whether through CAPEX, satisfying domestic or regional demand, diversifying product offerings, or adding to the resurgence in refining and/or petrochemical processing capacity.

Surviving turbulent times requires deep management changes

Chevriere, J. P., Transmar Consult Inc.; Daily, A., Daily Thermetrics

The Stone Age did not end due to a stone shortage. The Conventional Oil Age was not eclipsed by vanishing traditional oil and gas resources. The Shale Revolution unleashed an era of abundant, new unconventional oil and gas supplies.

Editorial Comment: Honoring the industry’s best … take 2!

Nichols, Lee, Hydrocarbon Processing Staff

Due to Tropical Storm Imelda, Hydrocarbon Processing issued its first force majeure in postponing the third annual HP Awards.