Additionally, the Bureau of Labor Statistics expressed concerns that women make up only one-fifth of all U.S. oil and gas extraction jobs, while otherwise occupying 47 percent of the labor force. Encouraging more female representation in Oil & Gas represents a one avenue of meeting the cultural sustainability standards being encouraged by industry leaders.
Whether dealing with cultural or environmental sustainability, a management infrastructure that incorporates strong product, resource and employee management processes is key. Innovations that ensure that all employees have quick access to material safety data sheets, and effective response planning through handheld devices can be critical to reducing the effect of environmental hazards. Collecting and managing employee and customer feedback can help create inclusive hiring and employee retention polices, as well as internally address gender or ethnic based grievances or discrimination.
Simply implementing management policies that are mindful of sustainability imparities can create an internal culture of sustainability, which will inherently direct future planning in line with these development goals.
To aid with sustainability efforts, many progressive oil and energy organizations are turning to software to help manage their development and implementation efforts. For example, tracking changes made to procedures and policies while attempting to implement sustainability practices is crucial when it comes to understanding the impact and effectiveness of such changes.
For more information on how Accupoint Software can help you manage your sustainability goals, please contact us today.
The 2nd edition contains several significant changes, including:
To learn more about the API Spec Q2 , 2nd edition standard, and how Accupoint can help your organization achieve certification, please contact us today.
IoT Allows for Better Data Collection, Processing, and Connectivity
IoT is a truly revolutionary concept for digital innovation in oil and gas. It allows facilities to maximize production, thus increasing profit and value, by keeping each piece of equipment connected and under condition-based monitoring.
Sensors in wells and choke values as well as maintenance drones are just a few examples of the IoT in the industry. With real-time analytics, each connected piece of equipment can be viewed and controlled remotely, mitigating future blowouts or issues with faulty equipment. And maintenance/surveillance drones offer improvements to time and cost when analyzing hard-to-reach or dangerous areas of a work site.
Most importantly, IoT helps companies maintain compliance through improved safety measures and asset management.
AI and Automation Increases ROI
Automating processes from all levels of operation through AI platforms leads to increased ROI. Predictive insights developed by AI allow companies to better develop production techniques that increase output.
The ability to rely on predictive models is a key driver for digital innovation in oil and gas. With machine learning capabilities, these platforms can automate complex processes while analyzing real-time operations and providing invaluable data that leads to safer work areas, optimal equipment function, and streamlined operations.
With more efficiency, companies can expect a higher ROI without risking investments, personnel, machinery, or invalidating compliance measures.
3D Models and Virtualization Improves Training and Maintenance
The cost of 3D modeling has decreased significantly over the past couple of decades. Therefore, using it as a driver for digital innovation in oil and gas is increasing in popularity in a number of ways.
On-site training is closely affiliated with workplace safety hazards. Increased complexity of equipment and production make maintaining compliance and safety when training difficult. But 3D printing or virtualization eliminates that risk. Trainees can use 3D models to learn before accessing the field.
3D printing also makes tools more accessible and cheaper to acquire. Many pieces of equipment are expensive and can be difficult to access when working in remote areas like an offshore oil rig. Using a 3D printer to print those tools or bits can create safer, more efficient work sites.
The State of Digital Innovation in Oil and Gas
In a survey conducted by IBV and Oxford Economics, 82% of oil and gas execs agree with the idea that digital innovation is necessary for a company in the industry to be successful.
Another report states that 88% of companies in the survey are undergoing changes to implement digital innovation in oil and gas, but just 25% of them understand what that means.
As one of the oldest industries still active and profitable, there’s no question as to why some organizations are hesitant to adopt digital innovations. But compliance management should not be part of those concerns, especially when using a solution from Accupoint Software.
To learn more about digital innovations occurring in the oil and energy sector, please feel free to contact us to discuss your organizational needs.
The process of identifying, controlling, and monitoring visitors in the workplace requires advanced processes to ensure that information is available, archived, and updated in real time. A visitor management solution is critical to compliance with multiple regulatory and legal requirements, and any process which helps ensure the safety of employees and visitors just makes sense.
The Accupoint platform includes modules to track registration, security and safety procedures for visitors, and alert personnel to the visitor’s presence. With Accupoint, you can develop a comprehensive visitor management program to ensure peace of mind and satisfy stakeholder and investor requirements.
For more information on how Accupoint Software can help you implement and manage a Visitor Management program, please contact us today.
Effective document management addresses more than just paperwork. Effective document management, and management systems, create processes that control document flow, facilitate employee training, streamline archiving, and ensure document accessibility at point of operation. Good document management allows for real-time updates to documents by personnel at multiple locations and ensures companywide document standardization. And effective document management systems must meet these needs while ensuring that safety and security standards are met, such as those governed by the United Kingdom’s Data Protection Act of 2018.
Effective document management can be difficult, but it does not have to be. An effective document management solution transforms document management from a cumbersome burden, to a company feature, that contributes to an environment of professionalism which impresses prospective clients and investors. Strong document management increases quality standards and helps ensure continual company growth and improvement.
For more information on how Accupoint Software can help streamline your Document Management System, please contact us today.