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The ageing assets present the #Oil# and Gas industry with a continuous and growing challenge.

There is incorrect or missing legacy information, lack of integrity, unsafe situations and inefficient execution of operation and maintenance. Given that a facility may have been in operation for a number of decades, critical information may be incompatible or outdated and this information will most likely be scattered around in unofficial storage locations.

Or, this knowledge was lost due to key employees having left your organization.

All of these problems pose an enormous risk to plant safety and operability and have a negative impact on its efficiency and therefore profitability.

In this new #Intergraph webinar, you will be able to learn why and how a proper asset information management system is critical to overcome these challenges.
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#Oil & #Gas Editorial: Dynastic Reshuffle In Saudi & Its Aramco Effects

As Ali Al-Naimi, the Saudi minister of petroleum and mineral resources, tells CNBC that: "no one can set the price of oil - it's up to Allah", similarly seismic statements have been made in the land of his birth over the past week.

In what amounts to a political and dynastic reshuffle, 78-year old ruler, King Salman, who acceded to the throne in January after the death of his half-brother, Abdullah bin Abdulaziz Al Saud,has changed the order of succession to the throne. The plan has been approved by the majority of the Allegiance Council, a body set up to ensure an uncontentious assent to leadership, which is made up of 28 members: nine surviving sons of Abdulaziz, the first monarch of Saudi Arabia, and his 19 grandsons.

King Salman’s reorganisation, has removed his half-brother, Prince Muqrin, as crown prince, replacing him with his nephew, Mohammed bin Nayef, and promoting his own son, Mohammed bin Salman, to the position of deputy crown prince.

The move is seen to represent a tightening of relations with the US and the adoption of a more hardline policy towards regional adversaries. Both Mohammed bin Nayef and his wife, Reema Bint Bandar Al Saud, were educated in the US, and as minister of defence, Mohammed Bin Salman has been the official face of ongoing military operations in neighbouring Yemen.

The royal shakeup will also have an effect at the oil industry level on the world’s largest oil producing corporation, Saudi Aramco. The current CEO, Khalid Al Falih, has been awarded chairmanship of the company and a post as health minister. His departure will see Mohammed bin Salman stepping up as the head of Aramco’s new 10-person board. The fourth son of King Salman, Prince Abdelaziz, will be elevated to the position of deputy oil minister, giving the royal a family direct line to both of these pillars of state for the first time.

The placing of the country’s main revenue generating instrument in royal hands may well make it more marked by the fingerprints of state, bringing it further into the realm of national infrastructure projects than purely oil and gas activities.

With 90 per cent of the Kingdom’s revenue derived from the hydrocarbons business, and coffers barer than at any time in the past half decade, it is easy to see how the path of a company that makes $180 billion profit a year can be deviated to bolster a sovereign state in hard times. Whether that would be its first, best destiny may be up to greater powers to decide….
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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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This new white paper from Motorola Solutions examines the role of communications technology in improving the safety of workers and improving productivity in oil and gas operations. The tools that keep people, places and data connected.

Productivity - To ensure the most productive operations, the facility requires efficient flow of data between several key players in various locations including onshore, offshore, central control rooms, in the air and at sea. The ideal communications setup connects all of these players, driving seamless communications from multiple and remote locations
 
Safety - Efficient wireless voice and data communications help workers offshore and onshore securely reach out and be reached, so emergency calls get to the right person immediately upon recognition of an issue.

Essentially, this white paper will cover the following areas of the oil and gas story:

- Worker safety in line with HSE requirements.
- Knowledge and experience gap in the industry
- Onshore and offshore communication difficulties.
- Remote and dangerous locations.
- Environmental safety
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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,

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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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.