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Oil & Gas

Industry Brief

  1. Digital Transformation of Oil & Gas Pipeline Operations

    Digital Transformation of Oil & Gas Pipeline Operations

    Optimizing pipeline operations is more attainable than ever before, with data on asset and equipment conditions coming in from numerous sources, both internal and external. Yet creating actionable information from the various sources of data continues to present obstacles. Kimberlite Research interviewed key decision makers at 51 pipeline companies to learn more about these challenges.
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  2. Research Report: The Impact of Digital on Unplanned Downtime

    Research Report: The Impact of Digital on Unplanned Downtime

    A study by Kimberlite, an oil and gas research and analytics firm, shows how unplanned downtime continues to plague the oil and gas industry. The offshore sector, in particular, has been saddled with unnecessarily high costs and exposed to unnecessary risks as a result.
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  3. ARC Paper: APM Overcomes Challenges in Oil & Gas

    ARC Paper: APM Overcomes Challenges in Oil & Gas

    In this paper, ARC Advisory Group discusses how the dramatic drop in energy prices in recent years and the resulting pressure to maintain profitability is opening the door for asset performance management (APM) to help increase maintenance efficiency and effectiveness, avoid costly unplanned downtime, maximize equipment availability, and more.
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  4. GE expands asset performance management suite with Meridium buy

    GE expands asset performance management suite with Meridium buy

    GE Digital acquired Meridium, a leading developer of asset performance management (APM) software for machine-heavy industries such as oil, gas, electricity and chemicals.
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  5. New Tech Helps Oil & Gas Weather Storm

    New Tech Helps Oil & Gas Weather Storm

    Energy must embrace digital systems to improve performance along the supply chain, as unplanned downtime increases costs. GE is helping Oil & Gas companies take hold of technology innovation to drive performance.
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    Drive New Efficiencies in Oil & Gas

    Staying competitive in extraordinary times

    The Oil & Gas industry is facing downward commodity price pressures unseen in 30 years. To remain competitive in this low-price environment, operators need to optimize operations, reduce downtime and maximize the value gained from every dollar of Capex and Opex invested—all while continuing to make operations safer. The Oil & Gas industry needs a bold new vision for unlocking hidden value and unprecedented productivity gains from the reservoir to the refinery.

    1. $3MM

      From Unplanned Downtime
      From Unplanned Downtime
      Each week a well is out of commission offshore, lost revenue for operators is $3 million per week. To help you avoid the loss, Reliability Max monitors your equipment and predicts failures before it happens. 
      LEARN MORE

    2. 35%

      Oil Recover Rate
      Oil Recover Rate
      The average world oil recovery rate is approximately 35%. A 1% improvement equals about three years of global oil production. GE offers you advanced convenient solutions to ward off catastrophic failures.
      LEARN MORE

    3. 70-90%

      Reliability Range
      Reliability Range
      Across the industry, reliability can range between mid-70% to high-90%, leaving room for dramatic productivity and efficiency gains
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    4. $7MM

      Saved from Downtime
      Saved from Downtime
      Petroleum refining company saved $7 million (CDN) using real-time data to avoid 24 hours of downtime.
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      Testimonials

      • Shawn Patterson,

        President, Operations and Project Delivery, Columbia Pipeline Group
        GE's industrial Internet software platform, extensive pipeline equipment, and inspection capabilities combined with Accenture's strong industry knowledge, digital capabilities, and experience with business process and systems integration, made them the clear choice for CPG.

      Learn How GE Oil & Gas Can Help You

      We Are GE Oil & Gas

      Are you ready to avoid downtime and maximize productivity and profitability? GE’s solutions take the guesswork out of fine-tuning your wellhead operations.

      WATCH VIDEO

      Featured Products

      • Field Vantage

        Extend the life of artificial lift systems by providing data collection, condition monitoring, prioritization of well alarms, events, and more.

        Read more

      • Reliability Max

        Reliability Max helps Oil & Gas companies minimize unplanned downtime for GE heavy-duty and aero-derivative gas turbines. Find out more.

        Read more

      • System 1

        Identify changes in equipment performance to understand the root causes and drive corrective action.

        Read more
        • GE Oil & Gas Predictive Maintenance

          Predictive Corrosion Management

          Manage corrosion-related risk, proactively make disposition decisions and minimize total cost of operations through this suite of Predix, cloud-based software, Rightrax PM installed sensors and advisory support.

          Read more
        • Oil & Gas, GE Digital

          Cyber Security for Oil & Gas

          Digitally connected oil & gas operations help to improve production. GE Oil & Gas’ security program is designed to protect your operations from digital threats. Learn more.

          Read more

          Oil & Gas Webinar Series

          • Webinar Thumbnail

            Move Toward Zero Unplanned Downtime in Oil and Gas

            At $1 million per day in lost business, and an average downtime of one to three days per year in the oil and gas industry, you face the potential loss of millions. That’s why companies are turning to game-changing Asset Performance Management (APM) software from GE Digital to help them detect failures before they happen. Gain insights into how APM plays a critical role in helping you optimize production, safety and reliability.

            WATCH WEBINAR
          • Achieve Sustainable Performance webinar thumbnail

            Achieve Sustainable Performance Improvements in Oil and Gas

            Asset Performance Management (APM) software solutions are helping Oil & Gas companies face industry-wide challenges and achieve new and sustainable efficiencies. The solutions are enabling reductions in unplanned downtime, improving maintenance processes, extending asset and equipment life, and reducing maintenance and equipment costs. If you only choose to do things that are beneficial today, how are you preparing yourself for the future?

            WATCH WEBINAR

            Resources