With the fluctuation of oil prices lately, it’s natural for organizations within the oil and gas industry to worry about the uncertain times. As oil and gas producers examine questions about locking in demand and thriving during a period of oversupply, questions of efficiency improvements and business model adjustments are at the forefront.
A common mistake that companies make during difficult times, is to focus on cost-cutting measures. Typically, employees and the knowledge they possess is often the first casualty of any downturn. In order to succeed long term, an organization must protect the institutional knowledge that is critical for continued success and growth.
The oil and gas industry has demonstrated the ability to be inventive by integrating new technology to address this problem. As an example, many organizations are using the current downtime to implement a knowledge management system to capture and archive important process and procedures information. As the industry recovers, these systems will guarantee employee learning and productivity improvements from the field to the boardroom.
Simply stated, are you prepared to thrive in a business environment that is volatile and uncertain?
While there are real challenges within the industry, opportunities exist to adjust and prosper into the future. For more information on how Accupoint can help you manage these uncertain times, contact us today.
The current Covid 19 pandemic reminds us employees, operations, supply chains and customer relations can all be affected by unplanned disruptions. That is why every business needs a plan to meet potential interruptions with clarity, confidence and calm.
That being said, the development of a set of comprehensive contingency plans comes in handy. A good contingency plan will identify likely disruptions and identify develop action items designed to minimize the impact on operational performance.
To that end, we have detailed 8 steps for effective contingency planning:
By following the steps outlined above, you will be well on your way to creating effective contingency plans that chart realistic tactics and achievable goals in addressing potential operational disruptions.
To learn more about how Accupoint can help streamline your contingency planning, please contact us today.
Stay safe and healthy!
New technology continues to overwhelm and amaze us as faster and smaller devices with specific software continue to make a major difference in how we live our lives and conduct our work.
Here are two helpful reminders when considering purchasing and installing new technology. First, the education and training of the workforce is just as important as the equipment itself. New technology touted to save your staff time and energy cannot work if the staff doesn't fully understand how to use it. Training and support are required. Be sure to factor into any purchase decision the ability for users to ask questions and then be willing to consistently evaluate if the software is working as it was intended.
The second consideration is a focus on mobile technology. The benefits of mobile computing are numerous and include: data capture in the field, ease of collaboration from multiple locations, and better decision making. This in turn improves efficiency, communication and profitability. Many organizations understand these benefits, but are not fully embracing it in their day to day operations.
For more information on Accupoint's mobile solutions and our ability to empower employees and increase productivity in the manufacturing, energy and service industries, please contact us today.
Maintaining a management system that is effective, satisfactory and suitable is a requirement of the API Spec Q2 standard. In fact, section 6.5 states:
To that end, we thought we would discuss a couple of items to help streamline your Management Review planning.
When to Have a Review:
The standard requires that you review your system annually, at a minimum. However, best practice dictates that you schedule your reviews more often, say quarterly and focus on specific aspects during each session. Ultimately, this makes the process easier to manage and avoids duplication of efforts.
What to Include:
When you are setting up your Management Review agenda, make sure to compile data for use in the discussion. Include internal and third party audit results, customer complaints, non-conformities and corrective action requests. Develop a schedule that allows you to review each aspect of the management system by the anniversary date. Be sure to allow for a discussion period, to address areas for improvement as well as ways that the system should be monitored.
Upon completion, prepare action plans to address required changes to processes, resources, and other items identified in the review.
Per the standard, the results of the Management Review must be documented and maintained. In addition, top management must review and approve the summary assessment. Results should be communicated with appropriate individuals throughout the organization. Finally, the results should be used to drive continual improvement efforts within the organization.
To find out how Accupoint can help streamline your Management Review processes, please call toll free 800.563.6250 or visit us at accupointsoftware.com.
In today’s world, the only constant is change. As the pace of technological innovation quickens, organizations must develop effective ways to adapt their core business models. This fact is especially true in the energy sector, where legacy infrastructure and strict regulations make it challenging to stay on the cutting edge of digitization.
After all, it’s hard to transform a well-established energy company into a Silicon Valley-style tech company overnight. While large corporations like Shell and BP are working tirelessly to make this transition, most firms don’t have the resources of an international conglomerate at their disposal.
Thankfully, there are a number of innovative solutions that can help any organization improve how they approach technology. One of the most promising trends for the energy sector is digital oilfield technology, which has the potential to revolutionize the industry. Let’s explore what a digital oilfield is and how it can benefit your company.
What Is A Digital Oilfield?
By definition, digital oilfield is a concept that enables organizations to maximize productivity, reduce cost, and minimize the risk associated with operations. When imagining a digital oilfield in action, it can be tempting to envision a high-tech operations center with hundreds of computer screens manned by dozens of experts. However, the inner workings of this new approach to oil and natural gas management are far more intricate.
How Does A Digital Oilfield Work?
In practice, a digital oilfield isn’t a physical location, but rather a collection of sophisticated hardware and software that helps to digitize the day-to-day operations. A typical technology stack includes sensors to monitor oil and natural gas extraction sites, servers to store incoming data streams, and software to analyze and interpret the information collected.
Through this technology, digital oilfields empower decision-makers with up-to-date business intelligence, which can pay dividends for any organization. In fact, there are several impressive benefits associated with implementing a digital oilfield, including improved compliance, increased productivity, and responsive maintenance for critical systems.
How Can Digitization Benefit Your Company?
In the world of business, there are numerous benefits associated with digitization. When it comes to oil and natural gas processes, key benefits include:
As we have seen, digital oilfield technology provides organizations with some great benefits. If your company is looking to adopt digitization technologies, please contact the Accupoint team to find out how to the first steps.