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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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Oil & Gas IQ

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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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Oil & Gas IQ

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Different aspects of the #oil  and #gas   industry such as drilling, transportation, storage, and refining all face similar dangers and the flammable nature of oil and natural gas increase the risks in the event of a leak or spill. Workers in the oil and gas industry face a dangerous work environment every day. Injured workers face severe trauma and physical handicap and workers' compensation is one of the few avenues for these workers to seek justice.

Even though the data are preliminary, it shows that 7% of fatal injuries are caused by exposure to harmful substances or environments and the oil & gas industry has one of the highest rates.

Awareness of the type of chemicals exposure is very important, workers can be protected from these exposures by ensuring the right #Respiratory Protective Equipment is provided.
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With power demands to grow at 4.3% annually in the region of the Southern African Power Pool and 5.8% annually in the East African Power Pool, new capacity is being added to meet demand. Most parties are agreed that an increasing portion of this power must be renewable and hydroelectricity will provide much of this capacity in the two regions.

From climate change to competing water demands, however, hydroelectricity does not come without associated challenges. In this report we examine the Power Pool plans along with the Clean Energy Corridor and how hydroelectricity fits in to those plans. With analysis from Lund University’s Professor Olsson, we also examine the associated challenges and opportunities presented by renewables in the regions.
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Oil & Gas IQ

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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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Oil & Gas IQ

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Hi there,

Recent high-profile celebrity hacks and major cyber attacks on oil and gas industry players such as Saudi Aramco, RasGas and Statoil have heightened two main factors about the digital domain: cyber attacks are increasing in scope and sophistication, and we are all vulnerable on both a personal and professional level.

In this infographic, composed in association with 107,000 members of Oil & Gas IQ, we ask the hard questions about our IT infrastructure, and find some alarming trends at the heart of the hydrocarbons industry….

>> Download the infographic here:
http://bit.ly/CyberSecurity2014Review

Do the results tally with your experiences and is the Oil & Gas industry ready for the growing cyber threat? Let us know!

Best Regards

Sumit @ Oil & Gas IQ
http://www.oilandgasiq.com/
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Having the right materials available when needed, to perform both planned and unplanned maintenance, is essential to reliability and safety in the Oil & Gas sector.

But a variety of factors make accomplishing this goal extremely difficult, such as the sheer volume of items, diversity of equipment, varying levels of criticality, inconsistent lead times, slow and lumpy demand history, consideration of upcoming projects and the time required to gather and organise essential data for decision making.

In this new whitepaper (http://bit.ly/MROBestPractice) you’ll find a practical guide to 12 requirements for optimising critical MRO inventory spares and consumables. These best practices are fundamental to inventory optimisation – and to driving efficiency to enhance asset and operational performance.

In this white paper you will:

- Discover the unique requirements of managing inventory in an asset-intensive/MRO environment
- Learn 12 essential best practices of MRO inventory optimisation for Oil & Gas companies
- Discover the types of quantifiable benefits major Oil & Gas companies around the world are currently achieving by adopting to many of these best practices
- Build a competitive advantage in the Oil and Gas industry through innovation and technology

>> Download the paper now: http://bit.ly/MROBestPractice 
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Contractual Risk Management In Capital Projects – A New Frontier

The Oil and Gas Industry is investing heavily in capital projects with a view to finding more recoverable reserves. Upstream global investment reached almost $700bn in 2013, much of this investment was in risky frontier locations. The risk profiles of the high-value contracts that underpin this investment differ significantly from contracts that support on-going operations.

This paper outlines the factors that drive the “unique” set of contract management challenges in major capital projects in the Oil and Gas Industry and highlights the business requirements that providers of contract management software must address in creating solutions to meet challenges.
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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.