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Hi there,

Asset Performance Management (or APM) strategies, solutions and technologies are being used more frequently these days, but many asset-intensive companies struggle to justify the need for a comprehensive APM solution. All risks are interconnected and can have tangible, negative financial impacts. To mitigate risk, you must start at the source: the asset. When it comes to understanding risk, data can tell you things you never thought to ask. But first you have to listen – to your people, your data, and production assets. They have a critically important story to tell.
 
In this white paper (http://bit.ly/APMHiddenRisk)  we highlight the five main risk categories: safety, production, workforce, compliance and big data

And show why APM is a proven foundation for reducing risk and improving the bottom line.

>> Download the white paper here: http://bit.ly/APMHiddenRisk  
This white paper is for you if you work in the fields of:
 
- Asset Reliability
- Asset Strategy
- Asset Health
- Mechanical Integrity
- Asset Safety
 
>> Download the white paper here: http://bit.ly/APMHiddenRisk  
We hope you find the white paper of interest.
 
Best Regards
 
Sumit @ Oil & Gas IQ
http://www.oilandgasiq.com/
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In order to clearly understand the dynamics of #oil prices and its impact on the world economy, we need to dwell into the history of oil. In this piece Gaurav Agnihotri looks at some of the major events of the past that have affected the oil price and its availability.
A Brief History Of Oil by Gaurav Agnihotri - In order to clearly understand the dynamics of oil prices and its impact on the world economy, we need to dwell into the history of oil and have a look at some of the major events of the past that
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 “Thanksgiving has wings and goes where it must go. Your prayer knows much more about it than you do.” Victor Marie Hugo (1802 – 1885) 

As the United States gears up to wind down for its Fall break, in the heart of Central Europe, the heat is rising. In two days time, the countries responsible for 40 per cent of the world’s oil supply will meet in Vienna and decide whether or not to rein in production or proceed at current levels.

In October 2014, the constituent states of the Organisation of the Petroleum Exporting Countries (OPEC) pumped 30.3 million barrels per day into the global markets - a reduction of some 300,000 barrels on the preceding month’s total. Although it has been mooted that OPEC will come together and agree on a minor curtailment in output this Thursday, that is supposition rather than certainty.

A ramp down would certainly help to allay the fears of the poorer OPEC nations – Angola, Ecuador and Venezuela – whose combined GDPs represent less than half of that of the cabal’s biggest player, Saudi Arabia.

The biggest loses in the maintenance of the production status quo would be felt by a fellow OPEC member and the largest non-OPEC hydrocarbons producer, nanely TheIslamic Republic of Iran and The Russian Federation.

Sanctions meted out over Iran’s nuclear programme have led to the Western Asian state bearing the brunt of a 40 per cent slump in oil sales since 2011, and analysts have projected that the 77 million-strong nation needs oil at $140 to make ends meet at current spending levels.

Almost 2,500 kilometres north and west of Tehran, Moscow is preparing to kowtow to the oil cartel. Similarly sanction-afflicted due to alleged involvement in Ukraine’s civil unrest, the combination of punitive fiscal measures and a lower oil price may cost the oil-dependent nation up $12 billion per month in lost revenue. That is the equivalent of 7 per cent of the country’s GDP in an economy where the budget deficit is already running at 2.7 per cent and the national currency is worth 19 per cent less against the dollar than 10 months ago.

The 27th November will be a day of festivity for many, for others it will be much more about the solicitation of prayers and the hope they are answered....
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Webinar: How OO’s and EPC’s can retain or regain their competitive advantage 

Join David Whittle from Intergraph and Terje Ørbeck from Agility Group for this free webinar and learn how collaboration between EPC’s, OO’s and software developers can result in retaining or regaining that competitive edge. By mastering their engineering data, by focusing on project efficiency and safety for their clients, they leave their competition behind.

Register today and you will learn about: 
• Changes affecting the engineering industry and reasons behind them
• How collaboration between engineering software developers and EPCs can be improved
• Risks associated with traditional working methods vs. the benefits of a cooperative approach

The webinar is available on demand so register now and get access to session to watch at a time convenient to you! 

>> Register now: http://bit.ly/OOEPCWebinar
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The oil and gas world changed on April 20th 2010. 11 men lost their lives after an explosion aboard the dynamically-positioned, semi-submersible drilling rig #DeepwaterHorizon. The well blowout and resultant oil spill pumped 3.2 million barrels into the Gulf of Mexico over a period of four months in the biggest marine catastrophe in US history.

Today, on this fifth anniversary of the Deepwater Horizon tragedy, Oil & Gas IQ and HSE expert Derek Park present you with Deepwater Horizon: Anatomy Of A Disaster, our detailed infographic guide to the perfect storm of events that lead to this tragic incident.

Based on facts presented throughout the BP trial, we clearly and comprehensively break down the web of contributing factors that led to the biggest offshore disaster of the last quarter century.

Download Deepwater Horizon: Anatomy Of A Disaster!
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Hi there,
 
With demand for oil projected to keep climbing, oil companies are exploiting harder-to-reach reservoirs and keeping existing assets operating much longer. Designing a platform for harsh conditions or deep water that is easy to build, cost-effective to install, and safe to operate is no easy feat – and the risk of failure is high.
 
In this new white paper discover how world-class offshore engineering teams use modern design and simulation technology to create better, safer structures that meet the operational needs of the platform through:
 
- Collaborating effectively with asset owners, design partners, and subcontractors
- Innovating with consistent, high fidelity analytical models
- Complying with changing regulations and operating requirements
- Simulating complex effects such as wave fatigue, collisions, and explosions to design new platforms and extend the life of existing assets.
 
>> Download the white paper here: http://bit.ly/SaferOffshoreStructures  
We hope you find the report of interest.
 
Best Regards
 
Sumit @ Oil & Gas IQ
http://www.oilandgasiq.com/
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The Importance of Workforce Data Security in the Oil & Gas Industry:

Securing workforce and supply chain access to your data is a vital component of your defence against cyber threats.

In our new white paper we explain how a robust Vendor Management System (VMS) can help protect your data and provide visibility into who has access to both your physical and intellectual property at all times as well as covering:
 
1. Why your non-employee workforce data should be independently audited and certified
2. Why single-tenant architecture keeps your data more secure
3. Why the physical location of your data centre matters
4. Why you should know your VMS provider’s disaster contingency plans
 
>> Download the paper here: http://bit.ly/OGWorkforceData
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Historically, industrial processes and the technology that supports their operation, Operational Technology #OT, have been isolated from connectivity with the outside world. However, in recent years an increasing number of industrial processes, utilities and factories have become interconnected with each other and their Enterprise LANs.

In the hope of increasing efficiency, driving cost savings, improving decision making capability and enhancing competitiveness, Information Technology #IT previously only found in Enterprise Networks is now being implemented within industrial networks. As a result, industrial systems are now exposed to risks and dangers that were never considered in their original design: the threat of malware and #cyberattack.

In the course of this #BAESystems white paper you will learn about:

    Security considerations in the separate worlds of IT and OT
    The inevitability of convergence
    Convergence: What are the risks?
    Security for the converged network
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Why You Should Embrace Asset Performance Management

Your business is at risk, in a million different ways, every day. As we all know, risk has a negative financial impact on operational performance. You can understand the category of risks and begin to start truly managing your business operational risk by implementing a programme of Asset Performance Management (APM) within your organisation.

Looking at the utilisation of an APM framework, this infographic will help you to:

- Learn how to reduce or eliminate equipment failures
- Save money by only performing maintenance that is needed
- Improve worker productivity by arming them with the tools and information they need
- Manage compliance requirements and lower insurance costs
- Turn Big Data into actionable information

Download now: http://bit.ly/InfographicAPM
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Oil & Gas IQ

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#Webinar: How OO’s and EPC’s can retain or regain their competitive advantage 

Join David Whittle from Intergraph and Terje Ørbeck from Agility Group for this free webinar and learn how collaboration between EPC’s, OO’s and software developers can result in retaining or regaining that competitive edge. By mastering their engineering data, by focusing on project efficiency and safety for their clients, they leave their competition behind.

Register today and you will learn about: 
• Changes affecting the engineering industry and reasons behind them
• How collaboration between engineering software developers and EPCs can be improved
• Risks associated with traditional working methods vs. the benefits of a cooperative approach

The webinar is available on demand so register now and get access to session to watch at a time convenient to you! 

>> Register now: http://bit.ly/OOEPCWebinar
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Introduction
Oil and Gas IQ is an information based portal dedicated to providing the latest oil and gas news. We explore Oil and Gas industry developments and facilitate the continued learning of oil and gas professionals. We offer 100 technical and strategic oil and gas conferences across Europe, Asia, the US and the Middle East. Every year we educate almost 5,000 strategic and practical executives annually.

Through Oil and Gas IQ, we offer newsletters, online oil and gas events & oil and gas seminar presentations to keep you in the know about the technical, strategic and commercial issues that affect your bottom line. We provide a plethora of online content featuring the latest oil news and gas news. This includes gas and oil articles, oil podcast recordings, oil and gas video presentations, oil and gas questions and answers, gas and oil blog postings, whitepapers focused on gas and oil research as well as a comprehensive oil glossary. Our members and conference attendees benefit from a culmination of 100% industry research, practical information and tools that cover solve critical everyday business problems.

Issues include the Exploration, Upstream and Downstream disciplines including FLNG, Asset Integrity Management, HSE, Risk Management & Process Safety, HPHT, Knowledge Management, Acquisition & Divestiture, Reserves Estimation & Reporting and Local Content.