Turn yourself into a believer of advanced analytics for oil and gas

by   |    |   2 minutes  |  in Business Technology, Digital Transformation, Oil & Gas, Strategy

Advancements to analytics are making it possible for oil and gas companies to operate like never before. Picture yourself knowing your own equipment very well. You have a long history in understanding the design, the operation, the maintenance, the possible failure and the replacement of the equipment you own and operate. This shouldn’t be too…

Read more

Predictive Maintenance in Oil & Gas

by   |    |   4 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Oil & Gas, Research

When hype meets reality – that’s when we all need to listen! Working in the software industry, you are constantly challenged to innovate and look into digital opportunities. On one side, there is the hype and on the other, you have your customers asking you to develop. When customer demand intersects with hype, that’s when…

Read more

Here's what's causing the oil and gas industry to change

by   |    |   2 minutes  |  in Digital Transformation, Events, Oil & Gas

The most aggressive companies are racing to be leaders of the oil and gas industry’s new playing field. Last month I attended Subsea Valley Conference 2016; a conference that gathers the subsea cluster in what we call “engineering valley” outside Oslo. I was expecting doom and gloom sessions mirroring the depressed investment climate of the…

Read more

Next Level

by   |    |   3 minutes  |  in Business Technology, Oil & Gas, Strategy

Floating production, storage & off-loading (FPSO) ERPs require companies to consider a unique set of system capabilities when selecting software. At the Annual FPSO Europe Congress in London last week, it seemed “everyone” agreed that costs needed to go another 20-30% lower in order to get new FPSO projects sanctioned. Over the past two years, we…

Read more

Oil & Gas

by   |    |   4 minutes  |  in Oil & Gas, Strategy

Low oil prices make it a top priority to reassess all conventional ways of conducting business. While an ERP strategy leads to significant cost savings, it’s still considered complex and time-consuming rather than beneficial by some Oil & Gas companies. The fact is, this used to be true, but when focusing on best practices and…

Read more

Oil & Gas

by   |    |   3 minutes  |  in Business Technology, Creativity & Innovation, Oil & Gas, Strategy, Supply Chain

In 2016, the oil and gas industry will jump on the opportunity that big data presents. In 2016, the oil and gas industry will jump on the opportunity that big data presents: machine-learning strategies will become ubiquitous as oil and gas companies start rolling out condition-based maintenance; meanwhile equipment suppliers will move increasingly to a…

Read more

Yinson

by   |    |   2 minutes  |  in Business Agility, Oil & Gas

Now, only six months after the contract was signed, Yinson’s IFS industry solution has been implemented at the company’s locations in those two countries. Yinson Holdings Berhad is a Malaysian offshore support and logistics company. In March of 2015, we announced that Yinson had chosen IFS Applications to enhance EPCI project control and improve its…

Read more

BW Offshore

by   |    |   2 minutes  |  in Business Agility, Oil & Gas

“Operating billion-dollar projects with 100 percent up-time requires that we have all the available information in our systems,” says Knut Sæthre, CFO at BW Offshore, in a new IFS case study. “It’s what our clients are paying us for.” BW Offshore is a leading global provider of floating production services to the oil and gas…

Read more

timeisnow.jpg

by   |    |   2 minutes  |  in Oil & Gas

The oil and gas industry is affected by operational and regulatory processes that are far more complex than in most other industries. A fluctuating oil price puts further pressure on infrastructure; a declining market requires streamlined work processes whereas a market on the rise calls for speedy scale-up possibilities. More than a year back, prior…

Read more

calculatrions.png

by   |    |   3 minutes  |  in Oil & Gas

Efficiency measures and cost control are both very hot topics in today’s oil and gas markets. Projects are being scrutinized harder and harder across all parts of the industry value chain. Weak participants are being forced out or acquired. The smart ones are adapting and will eventually cope even in a lower margin territory. As…

Read more