Oil & Gas
Oil & Gas
Oil & Gas
Oil & Gas
On September 3, 2019, GE Digital finalized an agreement with BHGE to acquire the Asset Performance Management (APM) commercial teams and customer accounts in the oil and gas and petrochemical markets, making GE Digital is the leading vendor for APM solutions in the Oil & Gas and Petrochemicals markets, estimated to be worth nearly $2bn annually.
This transfer of staff and commercial contractual relationships from BHGE to GE Digital enables GE Digital to bring its Asset Performance Management solutions, product and professional services teams closer to the needs of its customers in the oil & gas and petrochemicals industry.
GE Digital’s Asset Performance Management software optimizes the performance of industrial assets to increase reliability and availability, minimize costs, and reduce operational risks.
Connect, visualize and manage asset health
Drive reliability and availability by connecting assets across the enterprise, both on- and offshore and capture data and perform analytics—from the reservoir to the refinery—by leveraging GE Digital applications, to improve operations, reliability, availability, and profits through an integrated, enterprise-wide view.
Machine data, digital twins, and advanced analytics provide the ability to predict potential asset failures before they happen, improving reliability and uptime of your site. This technology, combined with prescriptive rules via streamlined maintenance activities can also lead to optimized spare parts inventory levels.
Reduce cost and downtime
Improve management of both stationary and rotating equipment, while also streamlining maintenance planning, execution, and inventory management—in order to reduce maintenance costs and drive toward zero unplanned downtime.
Manage operational risk
With growing complexity in regulations—governmental and environmental—chemical manufacturers must invest more in health, safety, and compliance technology to manage operational risk.
Reduce operational complexity
Connect real-time and long-term planning data with expertise, predicative analytics, and machine learning can drive better, data-driven decision making and profitability to optimize increasingly complex oil and gas operations.
Improve resource utilization
Leverage integrated data and self-learning models across your enterprise to help increase capital efficiency and profitability, optimize maintenance strategies, decrease marginal costs, and better allocate valuable resources.
On average, GE has more than 7,700 assets under management each day. See how others in the oil & gas and petrochemical industry are saving real money in real time with Predix Asset Performance Management and Industrial Managed Services from GE Digital.
Oil and gas operators face the challenge of concurrently boosting productivity, reducing risk, meeting regulatory requirements, and keeping teams and communities safe — and all of this while managing tighter cost profiles and budgets.
Optimizing the performance of assets to increase reliability and availability, minimize costs, and reduce operational risks.
Drive smarter operator decisions with model-based high performance HMI for faster response and development.
Reach manufacturing excellence through Industrial IoT insights and intelligence.