Driving capital efficiency to fuel oil and gas projects
3 Driving capital efficiency to fuel oil and gas projects Capital efficiency starts with corporate integrated process, involving the strategy and requires agility and foresight to pursue, abandon, or defer capital projects. This is critical to companies who are chasing margin over revenue in today’s market. From a capital project perspective,
The Flow Enhancer is a shell-and-tube heat exchanger enhancement that improves crude oil flow from the header’s inlet towards the heat exchanger’s tubes. It ensures reduced turbulence, a 10% increase in tube inflow velocity and a corresponding 7°C increase in outlet temperature.
Driving capital efficiency to fuel oil and gas projects:
Capital efficiency is driven by continuous improvement initiatives as well as the use of external benchmarks. In capital-intensive industries like oil and gas, ongoing measurement of value from capital investment is standard practice. This return fluctuates with commodity price, resulting in inconsistent and unpredictable revenue forecasts.
1 Driving sustainable performance in the oil and gas sector EY’s Climate Change and Sustainability Services (CCaSS) focus on health clients, we utilize our industry knowledge and Global Energy sector team, centers that help upstream, midstream, downstream and oilfield services regulatory and reputational risks through an HSES lens.
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Brief for GSDR 2025 Towards an Energy Efficient Oil & Gas Sector Saahil Parekh and Siddharth Singh, The Energy & Resources Institute (TERI) The scope for improving energy efficiency in the oil and gas sector Hydrocarbons have played one of the most crucial roles in economic history by fuelling globalisation and industrialisation.
Breaking the cycle? Cost efficiency in upstream oil
My view is that for the oil and gas industry to be truly sustainable at US$60 oil a new approach is needed — one that is smarter and less reactive, that works with suppliers rather than targeting them, and which locks in cost efficiency throughout the cycle. [1] Office for National Statistics, MM19 Aerospace and Electronics Cost Indices, June
through increased energy efficiency and reduced environmental impact. ENERGY STAR, a A modern refinery is a highly complex and integrated system separating and transforming crude oil into a wide variety of products, e.g. transportation fuels, residual fuel oils, lubricants, as engineering resources to develop and implement the project
Thinking about tomorrow: capital efficiency in the GCC
dollars) and of total project portfolios (10 to 130 billion dollars) that have been committed to –in the past 12 months alone –by government, quasi-government and private sector entities in the Gulf Cooperation Council countries. They span industries from real estate to infrastructure to oil and gas. Thinking about tomorrow: capital efficiency
Global oil and gas capabilities Our commitment EY’s global framework for key Processes in Oil and Gas Organizations (POGO), was created in response to the changing dynamics of the oil and gas industry. There is an appetite to fundamentally improve and overhaul business processes to achieve cost savings, and POGO is designed to address the
- Is oil & gas project delivery success declining?
- Axel Preiss, EY’s Global Oil & Gas Advisory Leader, says: “While the report looks at current industry performance, longer-term industry outlooks suggest that project delivery success is actually decreasing, especially in certain segments of the industry, such as deepwater, where complexity and risk are considerably higher.
- What are oil and gas projects?
- Oil and gas projects, particularly those offshore, comprise an immense number of diverse and interlinked activities that are all essential to the rig installation, drilling and ultimately production processes.
- How can artificial intelligence help the oil and gas sector?
- In this executive summary, we examine how artificial intelligence can help the oil and gas sector operate more efficiently and sustainably, including some sector use cases already leveraging digitalization, automation, AI, machine learning and digital twins. Locating new Oil and Gas fields is essential for the long-term viability of producers.
- What is energy with Ey?
- In an Energy with EY video, leaders discuss how to unlock profitability and productivity across the value chain with data-informed, technology-enabled and people-centric problem solving. 2. Scaling AI means expanding people, processes, data and technology
- How generative AI is affecting the oil & gas industry?
- The rise in use of generative artificial intelligence (AI), is having a profound impact on myriad sectors the world over. A recent report by Mordor Intelligence estimates the market for AI in the oil and gas sector is expected to reach $4.21 billion by 2028.
- How can AI help oil & gas companies create value?
- In a recent EY survey, oil and gas executives reported the two highest opportunities for creating value from AI and emerging technology are: 1) predictive maintenance for heavy equipment and assets and 2) intelligent optimization of operations performance.
