Posted by: Anand Padmanabhan | March 28, 2014
March 22nd was World Water Day. This year, the United Nations is working towards highlighting the linkages between water and energy.
Posted by: Anand Padmanabhan | May 02, 2013
The energy industry seems to be on a roller coaster ride lately, with uncertainty as the defining theme. The cyclicity and long-term nature of the investments in this industry often impel companies to rethink long-term capital investments. While demand for energy is growing, competition for natural resources has driven companies to explore and produce in harsh, remote and hostile locations, where even the simplest of logistical tasks can be difficult and costly.
Posted by: Anand Padmanabhan | February 21, 2012
Industry experts and CIOs foresee a bright future for the Oil and Gas industry. With crude oil trading scaling new heights and gas priced at 4$ a gallon, this prediction may well come true. The industry, however, is not without its problems. Like the other industries; impact of the economic crisis has left the O&G industry faced with price volatility and other risks associated with critical asset infrastructure. How can industry players mitigate the effects of such risks and move towards the promising future it has envisioned?
Posted by: Anand Padmanabhan | December 22, 2011
?Oil and Gas companies, typically, have numerous information systems laboring through abundant data that form the backbone for a number of business decisions. Moreover, there is an explosive increase in the volume of data that has become available and it continues to grow exponentially. The fundamental responsibilities of data management include overseeing data through program coordination, integration across systems, establishing quality processes, developing new systems and support operations. However, today, data management has become a complex task compounded by a number of factors including a multitude of sensors, higher frequency of data collection, integration with operational, financial, human resource and supply chain data. In addition, newer geographies, regulatory requirements and competition require that the O&G industry be compelled to make renewed investments in processes and technology to increase efficiency and profitability. In the future, Oil and Gas companies must be poised to address Real Time Data Management and Business Analytics. In particular, the challenge for Oil and Gas companies is to effectively capture, store, manage, analyze, and deploy the data for upstream assets. This would directly impact a company’s future business decisions and will be key in determining its success.
Posted by: Anand Padmanabhan | December 20, 2011
?The oil and gas industry, especially those companies operating in the Exploration and Production (E&P) segment, has unfortunately not found much success with its data management systems and analytics. There are several reasons for this, such as:business users not being adequately engaged in analytics and their general distrust of the data in use, traditional databases under-delivering, relatively long gestation of data management projects, inefficient use of metrics, and the business leadership view that investments in data management projects do not deliver the expected ROI.
Posted by: Anand Padmanabhan | November 04, 2011
In the years following the global financial crisis, the mining sector has seen a strong rebound with positive growth rates worldwide. However, even as commodity prices recover, sustainability and compliance with stringent regulatory changes have become a key concern. Mining companies continue to face a host of new challenges in the post-recession era.
Posted by: Anand Padmanabhan | September 22, 2011
?Modern technology and scientific advancements have made it possible to distribute power across various locations and time zones. However, due to the challenges posed by rampant power theft, companies are still unable to fully leverage new developments. Revenue protection has also become a major concern with poor, inefficient or tampered meters and gaps in revenue collection causing leakages. In order to stay competitive, companies must address this issue. One way to tackle this challenge is the deployment of smart grids.
Posted by: Anand Padmanabhan | August 04, 2011
A Smart Grid is a collection of digital systems that is fast replacing the antiquated mode of power distribution. As the latest in technological evolution, several companies and governments are adopting it. Smart Grids help combat global warming by controlling emissions and, consequently, lead to a more sustainable living. This is an added incentive for companies promoting sustainability initiatives while at the same time reaping its technological and business benefits.
Posted by: Anand Padmanabhan | January 10, 2011
The oil and gas industry is segregated into various discrete activities. Here we look at the refining aspect of the supply chain and how technology can be leveraged to improve the value and margins of the refining business. This becomes essential since the industry is confronted with certain crucial challenges which it has to address in the current volatile environment. Some of these relate to overcapacity, old assets, aging workforce, technology needs, data management, geographical spread, etc. To overcome these challenges, oil majors have started looking at Intelligent Manufacturing (IM) as an investment into the future to meet the various challenges of the industry. Due to the fluctuating crude prices, the refining industry has been hit hard and the fundamentals have now been altered greatly. This has resulted in renewed focus of refineries on operational aspects and the need to improve the bottom line by improved operational efficiencies.
Posted by: Anand Padmanabhan | October 27, 2010
Over the last ten years, an unprecedented array of technologies has become available to oil and gas enterprises. There has been, and continues to be, a steady flow of technological innovations that impact both upstream and downstream sectors. Smart technology, process control, ERP systems, procurement portals, digital oilfield, and intelligent refinery are examples of technological advancements with big potential for finding and refining more oil, cutting operational costs, and improving safety performance.
Posted by: Anand Padmanabhan | September 28, 2010
The way you pay your electricity bill and even the way you look at electricity or gas may soon be in for a change, courtesy, smart meters. This may be because the world is increasingly moving towards prepayment meters, and the trend has been observed in several countries including US, Great Britain, South Africa and Australia.