Buy time digitalize and transition
Short-term productivity and efficiency optimization buys time; digitalization maintains the gains and savings and portfolio management positions for longer term energy transition. Out of all the levers available to producers for improving profitability and cash flow, only two are focused on driving fundamental change in the production core. Driving these levers with digital transformation approaches results in a fundamental shift in asset portfolio ‘production core’ and is the only way to lead to a more resilient or sustainable future.
Achieving autonomous operations is all about empowering the plant to run, learn, adapt and thrive in tomorrow’s environment. Dynamic real-time optimization gives a fast automated response based on the actual changes in raw material properties, product demand, and operating conditions.View whitepaper
Why digitalization is only scratching the surface, and how deeper integration of engineering silos can increase production
This whitepaper was presented at GasTech 2019 by KBC CEO Andy Howell. Download it to find out how digitalization can make developing new gas processing and LNG capacity less risky, cheaper and faster to profitable operations.View whitepaper
Decision cycles across the Energy and Chemical industries are becoming increasingly disrupted by the proliferation of data, new data sources, and compute speeds within an increasingly volatile business environment. The digital twin is the key to effective decision-making in this new world.
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.View whitepaper
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?View whitepaper
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.View whitepaper
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.View whitepaper
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.View whitepaper