Why bother with a Digital Twin?
Digital twin technology is not a new trend in the energy industry, yet there is still a lot of confusion as to what exactly these twins are and what is their use value. Here we provide an overview of the role of digital twins in the modern energy, chemical, and process manufacturing industries.
September 4, 2019 Joseph Ting and Duncan Micklem Read full blog post
Conference call bingo and Digitalization
June 8, 2019
Andrew McIntee
Digitally wise companies know that fusing technology and the organization is not straight forward. "Conference call bingo" provides great learning from early projects helping achieve the value sustainment desired from Digitalization.
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How should the oil and gas industry respond to the emergence of a market for EVs?
June 5, 2019
Stephen George and Mark Routt
The often-proclaimed electric vehicle (EV) boom is turning out to be more of a gradual growth. Yet, despite the slow pace, we can expect a decrease in demand for oil and gas. Here KBC’s chief economists, discuss how the industry should respond to the emergence of the EV market in order to protect investments.
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Electric vehicles: an evolution, not a revolution
April 26, 2019
Stephen George and Mark Routt
The trend in electric vehicle (EV) uptake is heading upwards. But are we really seeing the explosion in global ownership that is being predicted by the media? Are EVs seriously beginning to threaten the transport fuel markets? Here, Stephen George and Mark Routt, KBC’s chief economists, discuss the current state of the industry, and explain why the impact of EVs will be evolutionary, not revolutionary.
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Why Digitalization can be music to the ears of the energy and chemical industry
March 11, 2019
Duncan Micklem
The energy and chemical industry is a conservative one. Its processes may be complex and there’s more risk involved, but its outdated technology is in need of an upgrade if companies are going to move into the digital age. Find out what the process industries learn from the music sector in their Digitalization strategies.
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Four Digitalization projects to start today
January 29, 2019
Duncan Micklem, EVP Strategy and Marketing
All companies are at a different stage of their Digitalization journey and knowing how to get started can often prove challenging. Here, KBC's Duncan Micklem explores four Digitalization projects digitally wise businesses should start today.
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Digital twin technology and analytics - paving the way to flow assurance
January 21, 2019
Alessandro Speranza, Product Champion
Whilst previously upstream producers have focused on managing their assets for maximum production volume, in the current business environment the main thrust should be on growth. One key growth pathway is flow assurance in pipelines and networks. Here, Alessandro Speranza, Product Champion at KBC, explores how effective KPI setting, analytics and digital twin technology will drive flow assurance.
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The value of Digitalization
January 14, 2019
Duncan Micklem, EVP Strategy and Marketing
For many beginning their Digitalization journey, there is a strong pressure to deliver something big using one of the latest buzzwords – IIoT, Industry 4.0, Cloud, Edge, Big Data, Analytics. Proponents of this input-oriented approach risk applying technology for the sake of technology, without realizing its true value. Here we explore the outcomes and how Digitalization can deliver and sustain true value.
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Digitalization - Upstream's 'electric car' moment
December 7, 2018
Duncan Micklem, Strategy Director
A plant’s success is balanced on the collaboration between its engineers yet differing attitudes towards correlation-based analytics has driven reservoir engineers and process and production engineer’s worlds apart. Here, KBC's Duncan Micklem discusses how Digitalization could be the key to bridging this gap and unlocking trapped value within the upstream oil and gas industry.
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IMO 2020 - T minus 180
December 3, 2018
Mel Larson, Principal Consultant
The IMO regulation has given the industry a valid reason to improve itself. As the 2020 deadline approaches, changes to operating strategies are needed to make the most out of what will be a significant impact.
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