Category

powerful thinking
10
Nov

how valid is consolidation as a survival strategy?

In the first of our recent marine powerful thinking articles, we looked at the recent past and the near future of the shipbuilding industry and how it is placed to meet the challenges of a changing world, and the ‘lower for longer’ oil price. In the second, we looked at how shipbuilding industry leadership has...
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02
Nov

do you trust in collaboration enough to reap the rewards?: written by Michelle Wellsbury

Collaboration vs Co-operation Like many in the industry, io believes collaboration is critical to the success of projects, particularly in this lower for longer environment.  However, the word collaborate is used frequently, in many contexts, and is often used interchangeably with the word cooperate; consequently, the meaning has become diluted and obscure. For example, Oil...
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23
Oct

the necessity of reinvention

If it’s a truism that necessity is the mother of invention, then strategy, by a similar token, must be a parent of re-invention.  This is never more so than in today’s oil &  gas market.  We live in an ever-changing world, and these are increasingly turbulent times.  To survive as the world changes, we must...
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13
Oct

why has the industry turned its back on long distance subsea tiebacks? written by Iain Bennett

The first decade of this century witnessed the successful completion of a number of field developments that featured long range tie-back to shore as the facilities solution, notably projects like Snøvhit, West Delta Deep and Ormen Lange.  This had the result of increasing the range of tie-back solutions up to 150km, but in the last...
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05
Oct

Richard Dyson: big data interview

This week’s Powerful Thinking article is a Q&A on Big Data with io CEO, Richard Dyson. An extract of these questions and answers first appeared in the “Drilling deeper into data” article written by Karen Boman in October’s Offshore Engineer magazine, this article can be read at: http://mydigitalpublication.com/publication/?m=41347&l=1&p=&pn=#{“issue_id”:441740,”page”:20} How would you define Big Data? At...
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02
Oct

interview with Richard Dyson in Offshore Engineer magazine

in this month’s edition of Offshore Engineer magazine (October 2017), the article “drilling deeper into data” includes an interview with io’s CEO, Richard Dyson. In the interview, Richard discusses io’s belief that the true value from big data will be derived from an holistic approach, combining subsurface, subsea, facilities and operating data derived throughout the...
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15
Sep

thoughts from the Granite City: Offshore Europe 2017

Despite having spent 5 great years living in Aberdeen between 1999 – 2004 working as a recent graduate for BP as a Petroleum Economist, this was my first visit to the Offshore Europe Conference and Exhibition held at the Aberdeen Exhibition and Conference Centre. timing is important Things feel a little different since my last...
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08
Sep

new technology, are you aware of the risks?

To many it seems as if the rate of change of technology is accelerating, and people are starting to claim that it is posing an increasing challenge to business[1]. It doesn’t stop there, Elon Musk claims artificial intelligence (AI) is one of the greatest threats facing humanity, he was recently quoted as saying unregulated AI...
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10
Aug

are you prepared to realise the value of the digital dollar?

The fourth industrial revolution is upon us, the Industrial Internet of Things (IIoT) is changing the oil and gas industry but are we fully leveraging value of the digital dollar? Companies are starting from an operations perspective and using the digital revolution to solve known problems. They are moving from reactive and preventive maintenance regimes...
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28
Jul

shipyards and the rise of the phoenix

A critical factor in offshore projects is the role of the shipyard as fabricator and integrator; however, in recent years those who might have chosen to invest in shipyards have been rewarded with burned fingers. 2017 midyear analysis [1] indicates that now might be the time for the phoenix to rise from the ashes, and...
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