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Thematic Intelligence - Predictive Maintenance in Oil & Gas (2024)

Publisher GlobalData
Published Jan 09, 2024
Length 53 Pages
SKU # GBDT18514581

Description

Thematic Intelligence - Predictive Maintenance in Oil & Gas (2024)

Summary

Predictive maintenance helps improve productivity through timely maintenance intervention. Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the nineteenth century. To achieve operational longevity, timely maintenance is necessary to prevent expensive repair works and unplanned production outages. Technologies, such as AI, machine learning, and the internet of things (IoT) add enormous value to predictive maintenance strategies.

Scope
  • This report explores the use of predictive maintenance technologies in the oil and gas industry.
  • It establishes a predictive maintenance value chain for the oil and gas industry and identifies key players across this value chain.
  • It offers contracts analysis of maintenance activities across upstream, midstream, and downstream sectors of the oil and gas industry.
  • The report provides an overview of the competitive positions held by oil and gas companies, and oilfield services companies in the predictive maintenance theme.
Reasons to Buy
  • Identify recent industry, technology, and macroeconomic trends in the predictive maintenance theme.
  • Identify growth opportunities for oil and gas industry players in hydrogen economy.
  • Identify and benchmark key oil and gas companies and their role in the predictive maintenance theme.
  • Identify and benchmark key oilfield services companies participating in the predictive maintenance value chain.

Table of Contents

53 Pages
Executive Summary
Players
Technology Briefing
The evolution of maintenance: from reactive to proactive
Reactive approach
Preventive approach
Condition-based approach
Predictive approach
Prescriptive approach
Predictive maintenance technologies in the oil and gas industry
Vibration monitoring
Infrared thermography
Lubricant oil analysis
Ultrasonic and acoustic emission monitoring
The importance of setting up a predictive maintenance system
Trends
Oil and gas trends
Technology trends
Macroeconomic trends
Industry Analysis
Predictive maintenance in the upstream sector
Offshore
Shale
Predictive maintenance in the midstream sector
Pipelines
LNG
Predictive maintenance in the downstream sector
Refineries
Timeline
Signals
M&A trends
Venture financing trends
Patent trends
Hiring trends
Value Chain
Physical layer
Sensors and probes
Thermal imaging
Measurement devices and instruments
Connectivity layer
Edge and cloud infrastructure
Networking equipment
Wireless network
Data layer
Data storage
Data processing and analysis
Business intelligence
Services layer
System design and integration
Inspection and maintenance
Digital twins
App layer
Companies
Oil and gas companies
Oilfield services companies
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1 Oil and gas trends
Table 2 Technology trends
Table 3 Macroeconomic trends
Table 4 M&A trends
Table 5 Venture financing deals associated with the predictive maintenance theme
Table 6 Oil and gas companies
Table 7 Oilfield services companies
Table 8 Glossary
Table 9 GlobalData reports
List of Figures
Figure 1: Who are the leading players in predictive maintenance within the oil and gas industry?
Figure 2: Predictive maintenance ensures higher uptimes and lower maintenance costs
Figure 3: Evolution of maintenance strategies in the oil and gas industry
Figure 4: Predictive maintenance reduces downtimes and facilitates high levels of performance
Figure 5: Vibration analysis helps optimize predictive maintenance
Figure 6: Infrared thermography can detect anomalies and aid in predictive maintenance
Figure 7: Lubricant oil analysis can detect equipment deterioration and contamination
Figure 8: Ultrasonic monitoring provides non-destructive testing capability
Figure 9: SLB is the leading contractor with maintenance contracts awarded in the upstream sector
Figure 10: Predictive maintenance ensures safe offshore drilling
Figure 11: Wartsila is the leading contractor with maintenance contracts awarded in the midstream sector
Figure 12: Minimizing compressor failures in pipelines through predictive maintenance
Figure 13: Predicting engine failures in LNG vessels through predictive maintenance
Figure 14: Emerson is the leading contractor with maintenance contracts awarded in the downstream sector
Figure 15: Maximizing equipment lifespan using predictive maintenance
Figure 16: The predictive maintenance story in oil and gas
Figure 17: Signals identify the key companies driving the theme and depict the stage of development
Figure 18: The number of maintenance deals has remained steady in the last six years
Figure 19: Venture capital financing saw strong activity in 2022 despite trepidations of war
Figure 20: The US led the oil and gas maintenance-related patents activity in 2022
Figure 21: There is a healthy mix of assignees and sectors for oil and gas maintenance-related patents
Figure 22: Hiring trends by oi and gas companies for maintenance, January 2020 to November 2023
Figure 23: Interaction of predictive maintenance technologies with the oil and gas value chain
Figure 24: Predictive maintenance value chain
Figure 25: Predictive maintenance value chain: Physical layer
Figure 26: Predictive maintenance value chain: Connectivity layer
Figure 27: Predictive maintenance value chain: Data layer
Figure 28: Predictive maintenance value chain: Services layer
Figure 29: Predictive maintenance value chain: App layer
Figure 30: Our five-step approach for generating a sector scorecard

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