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Digital Twin: the key to effective decision-making

Industrial Energy Transition Manifesto

The manifesto provides deep insight into current realities, scenario predictions and how major players are adopting a range of substantially different strategies to adapt

How Digitalization is turbo-charging KPI setting

Turning numbers on a glossy KPI dashboard into profit on your income statement. Digitalization can address many of the issues that have compromised KPI effectiveness in the past. We see a future where KPIs will be smart, backed up with changes in culture and organization to get the most out of the new information, and allowing digital technology to determine the optimum course of action.

Driving flow assurance through effective KPI setting, analytics and digital twin technology

In the past, when oil prices were higher, upstream producers were very focused on managing their assets for maximum production volume. However, in the current and forecast business environment, there is a much greater need to manage for value. Maximum value is not always maximum flow; this can sometimes lead to value destruction. So what does managing for value mean for an upstream producer?

What does IMO 2020 mean for refinery reliability?

While the IMO 2020 regulation will create economic opportunities for some refineries and challenges for others, both scenarios will put pressure on reliability and integrity teams to keep equipment running. Crucially, reaction to the regulation is not a gentle change to slowly adapt to and work through. On January 1, 2020, the regulations will come into force with full effect and could be decisive in the future of many facilities.

Digitalization Manifesto

Digitalization allows you to manage day-to-day performance safely and reliably, respond to swings in market dynamics, operate at a true optimum, squeeze down on the gap between potential and realized margin, create more utility for the end customer / consumer, and outmaneuver competition. Find out about our view on Digitalization in our Digitalization Manifesto.

Disciplined delivery of digitalization results

All Digitalization initiatives lie somewhere in the journey to a destination of results delivery. Many will not make it. Why? Lack of structured approach and discipline to stick to it. All Digitalization initiatives should follow this roadmap.

European refining 2050: Turning the vision into reality

Europe’s refiners, through their industry organization Fuels Europe, have set out their long-term ambitions in a new program called Vision 2050. Putting this vision into practice will require Europe’s refiners to rethink and rebuild their long-term strategies, along the way transforming their organizations into modern, flexible knowledge-based enterprises. Read more in this market insight by KBC Chief Economists.

Is the maintenance function in need of some maintenance?

The key to getting value from technology advances in maintenance is to deeply understand your organization’s fundamental aims and direction, challenge assumptions and approximations and incorporate a structured change management process.