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What did my Brompton teach me about condition-based maintenance?

What did my Brompton teach me about condition-based maintenance?

I’ve been riding my Brompton – one of those nice folding bikes – to work almost every day for the past 4 years. I love it; one of the best purchases I have ever made! Interestingly, it also taught me the importance of condition-based maintenanc ...

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Analytical solutions VS Data Analytics - What are the differences?

Analytical solutions VS Data Analytics - What are the differences?

As the industry evolved, new buzz words are being used to describe new techniques and methods to support the decision-making in the asset performance management area. Two key (and very similar) terms can lead to confusion - Data analytics and Analyti ...

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What is needed to perform a RAM Study?

What is needed to perform a RAM Study?

Maros and Taro require some basic information to run a study. This article aims at answering: What is needed to perform a RAM Study? Design basis The first step of any project aiming at building a RAM model involves becoming familiar with the sy ...

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Supply Chain Modelling: Shipping and Logistic Operations

Supply Chain Modelling: Shipping and Logistic Operations

One of the key challenges of the oil and gas industry refers to the increasingly complexity of its supply chain. Maros and Taro allow users to take into account key aspects of Supply Chain Modelling: Shipping and Logistics Operations. The demand for ...

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From FMECA to RAM studies

From FMECA to RAM studies

Failure Modes Effects Analysis (FMEA) and its extension, Criticality (FMECA), is a process analysis tool used to identify potential failures that could affect the performance of a piece of equipment and/or asset. In the oil and gas industry, FMEA/FME ...

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Intelligent Design Algorithms, Artificial Intelligence (AI) and the Future Of Process Safety Tools and Workflows

Intelligent Design Algorithms, Artificial Intelligence (AI) and the Future Of Process Safety Tools and Workflows

Two items I recently viewed from the media recently struck me when I contemplated what they could mean for the world of process safety. The first was from an episode of @click, the technology programme from the BBC.  This showed a piece of softwa ...

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Power of 1% - On-going optimisation

Power of 1% - On-going optimisation

Optimisation is a key to our success in such a challenging time. My colleague Kenny Shaba has recently shared some insightful statistics – please check the picture below: These numbers were taken from here. In the oil and gas industry, we ...

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More on Lifecycle cost (LCC) analysis

More on Lifecycle cost (LCC) analysis

I was running through some old articles we have here and came across the following (interesting) case study. This article is from 2003 and remains valuable today! Life Cycle Cost Analysis Using Advanced Simulation A petrochemical facility was e ...

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Back to the Future day

Back to the Future day

If you are reading this post it means you made it – this is the future! Today is “Back to the Future day” –Wednesday, 21st October 2015 is the day that Marty McFly arrived when he travelled to the future in Back to the Future Part II - at 4.2 ...

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Life Cycle Cost analysis at the Operational stage

Life Cycle Cost analysis at the Operational stage

In a period with oil prices under pressure, understanding the risks and potential financial impact is essential to ensure a healthy business. With this in mind, life cycle cost analysis plays an important role in assisting estimation of the economic ...

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