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Five Steps To Optimise Profits in The Hard-Hit Oil and Gas Industry

As everyone is well aware, the oil & gas industry has been going through some radical changes of late. With falling prices, we are seeing companies striving for ever greater levels of efficiency and productivity to reduce costs and improve margins.

Many of the industry's leading operators, primary and secondary distributors and oilfield service companies are making best use of this time to reintegrate their businesses and operational processes to optimise profits and maintain their competitive edge.

This webinar will provide you with insight into how these industry leaders face these challenges using intelligent decision support systems that integrate strategic decisions with operational activities all along the value chain.

Log on to this webinar to learn how to improve your margins by:

• Integrating business and operational processes across the value chain
• Measuring business goals in real-time to get instant feedback on decision
• Using the best optimization technology to optimize margins
• Managing changes and respond to disturbances efficiently and effectively

And, learn how some of the largest oil and gas companies in the world:

• Optimise their primary and secondary distribution performance including movements by pipeline, vessels, rail or trucks
• Reduce risks and improve efficiency of the workforce by optimising their schedules and minimising the need for external contractors
• Maximise their production efficiency with the planning of fast and efficient shutdowns

Register for FREE now: http://bit.ly/MaxOGProfits
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When an organisation experiences decline in prices and profits, cutting costs and expenses becomes a higher priority.

Yet, to remain viable for the long term, productivity and safety standards cannot be compromised.

In this first part of a two-part interview, we speak with Mike Stone, product manager for Infor Enterprise Asset Management (EAM), about how an oil and gas company can most cost-effectively maintain assets in this economy.

>> Read the interview here: http://bit.ly/29l5d0P
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Over the span of the previous decade, the majority of oil and gas megaprojects have landed more than two years late and more than 60 per cent over budget. The industry may well have saved itself a further $200bn or more in wasted capital. Change is necessary and overdue.

>> Join us for our FREE WEBINAR and find out the 5 key actions to deliver more efficient projects: http://bit.ly/5MegaprojectTips

In the course of this FREE webinar, we will outline:

- An understanding of oil and gas project performance over the past decade, and rationale
- Greater appreciation of the role of structural vs managerial issues involved
- Insight to how the world of energy competition and oil price is creating a major change in project direction
- Potential solutions and direction of project management required now for success in the future

>> Watch now: http://bit.ly/5MegaprojectTips


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Handover costs for a USD1 billion facility can be up to USD 20 million. It is therefore critical for Owner Operators to achieve timely EPC handover, and avoid production delays caused by incorrect or incomplete asset data.

Managing the handover of data and documentation from projects to operations is especially daunting. The volumes are vast – even a moderate-sized project can contain hundreds of thousands of tags and documents, and millions of individual data items. Many owner operators struggle to regain the information record that matches the as-built state of the plant. This continues to be a huge challenge long after the plant is operating, leading to significant recovery costs. The information comes in various formats being created by various contractors and vendors using a wide variety of software solutions. Transferring this documentation, identifying the required documents and reporting on the completeness is a big challenge for Owner Operators. This process can take months and has an impact on the productivity of the facility and there on the economic recovery of the plant. However, the impact is not limited to that.

In this webinar, you will be able to learn why and how you can address these challenges and how you can improve the handover process and get in control of the documentation handed over.

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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.