For owner-operators of oil, gas and chemical companies, mechanical integrity (MI) and reliability-centered maintenance (RCM) are pivotal components of any comprehensive asset management (AM) program.
The Louisiana Offshore Oil Port (LOOP LLC) is the nation’s largest privately owned crude oil terminal. Initially constructed in 1981 to import crude oil from around the globe, LOOP has grown to become a fully diversified crude oil trading and exchange hub. LOOP is the only facility of its kind in the world where shippers can off-load crude oil from very large crude carriers (VLCCs), load VLCCs, and purchase, sell, exchange, store, blend, or deliver crude oil.
Since the beginning of time, human beings have survived and evolved through the use of tools. Tool usage is the basis for both ancient and modern engineering advances.
Meet Lisa Seacat DeLuca, Director & Distinguished Engineer at IBM. Lisa is leading the incubation and incorporation of the digital twin across IBM’s IoT offering suite and driving the digital transformation of IoT solutions.
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As physical assets become increasingly software enabled and more complicated in their construction, a new model is required to operate them – a model that will not be fully possible without the creation of digital asset replicas. These replicas are called digital twins.
The system and associated work execution management (WEM) process was meant to improve the performance of assets, but failures keep occurring at a cost to your business.
Asset Management has introduced a few key concepts which require a shift from focusing on initial investment to optimizing Total Cost of Ownership (TCO).
The primary objective of maintenance is to provide the maximum availability and efficiency of company assets throughout their expected life cycles at the lowest possible cost.
Afamily-owned motor repair business in Pennsylvania has been selling industrial motors, controls, gearboxes and all related services since 1981. Its vision has always been to grow beyond a geographic service area, but it was not willing to compromise on its commitment to quality.