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…

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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…

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New IFS website

by   |    |   2 minutes  |  in Asset Intensive, Energy and Utilities, Oil & Gas

The publication of the Gartner Magic Quadrant for Energy and Utilities Enterprise Asset Management Software reflects the huge investment we have made in specific industry functionality within our core product, IFS Applications. We believe that by showcasing IFS as the only ‘Challenger’ in this year’s MQ, Gartner have validated what we can offer to our customers in the energy, utilities, oil and gas industries: a deep breadth of functionality that can be successfully deployed in all sub-sectors of that market.

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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…

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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…

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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…

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Oil well

by   |    |   2 minutes  |  in Oil & Gas

Falling oil prices have dominated the headlines over the past six months. Whilst consumers might be celebrating at the pump when filling up their cars, the impact within the industry, and implicitly across the wider economy, has been vast – companies are cutting projects and, sadly, individuals are losing jobs. In its Budget announcement today,…

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by   |    |   3 minutes  |  in Oil & Gas

Sitting at breakfast with some drilling veterans at the IADC Annual Meeting in New Orleans in November, I witnessed a strong willingness, almost an eagerness, to attack the coming downturn head on. There were a lot of jokes around the table. “If you haven’t been around long enough to experience a downturn you haven’t lived…

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EAM

by   |    |   3 minutes  |  in Asset Intensive, Automotive, Manufacturing, Oil & Gas, Process Manufacturing

Data collected from production and better collaboration between the various parts of an organization can lead to fewer disruptions, increased utilization of manufacturing resources and more efficient planning. So says one of the founders of IFS, Ulf Stern, in an article published in Sweden’s Dagens Industri journal in November. What he was saying was that…

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