With asset utilization critical and community and regulatory pressure always looming, it is essential that tank farm owners proactively prevent any loss of containment with reliable, cost effective corrosion protection. This is crucial since atmospheric corrosion is one of the main culprits of tank leaks, containment loss, and early replacement.
Asset Management News
Ritchie Bros.' latest solution for the market, RB Asset Solutions (rbassetsolutions.com), is a complete end-to-end asset management and disposition system. The new cloud-based SaaS solution brings together a suite of tools and services to help customers better manage, analyze, and sell their assets. From any internet-enabled device, customers will be able to access a complete inventory management system, data analytics and dashboards, branded e-commerce sites, and multiple external sales channels.
SGS and Baker Hughes, a GE company, announced a Strategic Alliance Agreement (SAA) for the joint deployment and commercialization of BHGE's real-time software and sensor-based Predictive Corrosion Management (PCM) solution. Leveraging the capability of the Industrial Internet of Things (IIoT), PCM will enable asset owners to increase their ability to monitor their facilities, and detect and predict corrosion issues using real-time data powered by BHGE's ultrasonic sensing technology and advanced analytics.
National Oilwell Varco, Inc. has announced the commercial launch of GoConnect condition monitoring services for intervention and stimulation equipment, which provides real-time process monitoring, predictive analytics, and condition-based maintenance capabilities for NOV's pressure pumping, coiled tubing, nitrogen, and wireline equipment. The GoConnect system uses machine learning to provide data-driven insights into the condition, health, and performance of customers' equipment and operations. The GoConnect system's capabilities allow customers to reduce downtime-related costs, enhance equipment performance, and improve operational efficiencies of completion services.
Weir Oil & Gas, an upstream provider of pressure pumping and pressure control equipment and services, introduced its second-generation SPM Radio Frequency Identification (RFID) technology and RFID Mobile App at OTC 2018. The new RFID enhancements enable flawless iron fleet maintenance in the field, even in the most remote locations plagued with low Internet or cellular connections.
The discussion about climate change has been taking place for many years and is still a hot topic, now more than ever before. This debate has led to global initiatives to reduce carbon footprints, which is high on the agenda of almost every country's government. Regulations on a global, regional and local scale have been established to reduce greenhouse gas emissions, which heavily impacts the oil & gas industry. To achieve those goals and prove regulatory compliance, the industry is rapidly adopting the ISO 50001 standard to improve the organization's energy performance and make climate part of their corporate strategy.
To support a number of contract wins in Brazil and western Canada, Wood is establishing new in-country teams for its asset integrity solutions service offering. This expansion follows major successes in the region including provision of a downstream risk based inspection management program, as well as the development of subsea integrity management systems.
Trelleborg Sealing Solutions announces the launch of the new polytetrafluoroethylene (PTFE) based O-Ring energized single-acting rotary seal, Turcon Roto Glyd Ring DXL. This seal is specifically designed to meet the demands of high pressure rotary applications within the oil and gas industry.
Dover announced that its "Wellsite" upstream energy businesses will be named Apergy. Apergy will be a publicly traded company headquartered in The Woodlands, Texas with the tagline: "Unlocking Energy." The spin-off transaction is on track for completion in May of 2018, subject to the satisfaction or waiver of certain customary conditions.
Jacobs Engineering Group Inc. has received a five-year contract renewal from Shell Canada Limited to provide mechanical maintenance and turnaround services on the company's Scotford site located in Fort Saskatchewan, Alberta, Canada. Employing approximately 300 full-time personnel on the site, Jacobs will continue to provide mechanical maintenance and turnaround services for the full facility.
Cyberhawk Innovations, a leader in aerial inspection and survey using unmanned aerial vehicles (UAVs), has been appointed by the Engineering Construction Industry Training Board (ECITB) to develop the UK's first industrial training syllabus for drones in the engineering and construction sectors.
ExxonMobil Upstream Research Company announced that it has signed a three-year joint development agreement with MagnaBond, LLC to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing. The agreement was facilitated by the Industry Technology Facilitator as part of its initiative to address challenges associated with well decommissioning activities such as plugging and abandonment.
Trelleborg Sealing Solutions has expanded its HiMod Slydring HC wear ring range, introducing over 180 additional part numbers in outer diameters from 1 to 12 inches. The enhanced range becomes available early 2018, serving various fluid power applications including industrial machines, mobile hydraulics and other industries.