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Tuesday, May 8, 2018 - 10:45am

Smart Pumps and Predictive Analytics Gain Traction as Upstream Oil & Gas Companies Embrace Digitization

 

New business models encourage oil & gas companies to adopt energy-efficient, IIoT-enabled pumps, finds Frost & Sullivan

 

SANTA CLARA, Calif. – May 8, 2018 – Frost & Sullivan’s recent analysis, Global Pumps Market in the Oil and Gas Industry, Forecast to 2024, finds that there has been a concentrated focus on operational expenditure (OPEX) in the oil & gas industry following the oil price plunge in 2016. Upstream companies are increasingly acknowledging digitization as an important enabler of cost savings and profitability, and are therefore gravitating toward tools such as smart pumps. Among the many new-generation pumps in the market, Industrial Internet of Things (IIoT)-enabled and energy-efficient pumps with demonstrable return on investment (RoI) are expected to experience the highest demand.

 

For further information on this analysis, please visit: http://frost.ly/2gb

 

"IIoT-enabled pumps and solutions that can turn Big Data into predictive information are disrupting the digitization strategies of oil & gas companies in developed countries such as North America,” said Anand M Gnanamoorthy, Industrial Automation & Process Control Industry Manager at Frost & Sullivan. "However, to harness the full potential of the digital transformation in the industry, pump companies need to offer new IIoT-focused business models such as gain sharing, pay-per-use, and Product-as-a-Service. They need to follow this up with fresh marketing strategies that use case studies and white papers to increase the consumer awareness regarding such solutions."

While there is great enthusiasm among pump manufacturers to embrace IIoT in their products, they need to cherry-pick the technologies to reap the benefits. There is a glut of technologies in the market, as barriers to entry are low in IIoT. This has allowed technology startups such as Ayata and Spark Cognition, and automation solution providers such as Emerson and Honeywell, to challenge industry leaders like Flowserve, Sulzer, and ITT.

Meanwhile, pump manufacturers across the board will enjoy significant growth opportunities created by:

  • Rising Oil and Gas Prices: With oil and gas being the largest end user of pumps, the increased oil production will drive demand for a variety of pumps. The pumps market in the oil and gas industry generated total revenue of $8,014.8 million in 2017.

 

  • The Refining Sector Attracts Investments in APAC, the Middle East, and North America: Asia will account for the largest investments with China and India being key countries driving new projects and greenfield investments. The Middle East is the next-largest region and will account for almost a quarter of the total global spending by the end of 2024.

 

  • The Need to Maintain Aging Asset Infrastructure and Promote Asset Health: Predictive analytics and smart maintenance will revolutionize the way pumps are operated, and compressors manufacturers need to develop capabilities to provide value-added services.

 

  • Midstream Investments in Pipelines and Liquefied Natural Gas (LNG): Companies are expected to invest in the transportation infrastructure, such as oil pipelines, and this is expected to boost the market for large engineered pumps.

"Although pump manufacturers are aware of the relevance of IIoT and predictive analysis to their business, many still prefer to adopt the wait-and-watch approach," noted Gnanamoorthy. "This is not the best strategy for this market because the first movers will have a huge advantage due to platformization, and the late adopters will be left fighting for an ever-shrinking share of the pie. It is vital to establish an analytics strategy in the next three years, as the typically long product development and launch cycles could make technology-shy companies quickly redundant."

 

Global Pumps Market in the Oil and Gas Industry, Forecast to 2024 is part of Frost & Sullivan’s global Industrial Automation & Process Control Growth Partnership Service program.

 

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

 

Global Pumps Market in the Oil and Gas Industry, Forecast to 2024

K21E-10

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THE MATERIAL

PREMIERE NEW SINGLE

"TAKE ME BACK"

WITH SUBSTREAM

 

LISTEN HERE

GRAY STATES EP DUE OUT ON 5/18

 

MAY 8, 2018 - LOS ANGELES, CA - The Material are premiering their new single "Take Me Back" exclusively today with Substream. Listen HERE. "It's an anthemic alt-rock track that will remind fans The Material's earlier stuff, with softer verses powered by soaring choruses", Substream notes. "[Colleen] D'Agostino shows off her impressive vocal range throughout, particularly shining in the final minute or so of the song." This is the second single, following the Billboard-featured "The One That Got Away", from The Material's upcoming EP Gray States, due out on 5/18.Produced by Colin Schwanke (State Champs, With Confidence), Gray States marks the band's first release in 5 years. For more information on The Material, please visit: www.wearethematerial.com

 

The Material first entered the scene in 2007 after winning a spot on the MTV Dew Circuit Breakout and making it to the top 3 of the competition.  With the attention that stemmed from this battle of the bands, The Material released four EPs and two full-length albums, and toured tirelessly with acts like the Red Jumpsuit Apparatus, Every Avenue and There For Tomorrow. They also became veterans of festivals including SXSW, Warped Tour, X-Fest and Summerfest, before taking a break in 2014.

 

During this hiatus, lead vocalist Colleen D'Agostino signed to mau5trap Records and co-wrote a platinum certified single on the Grammy-nominated album by electronic producer deadmau5. In 2014, she released her solo EP, Collide, featuring the single "Stay (feat. deadmau5)".

 

However, after missing the rock world for a few years, the three original members and one new addition are back and ready to surprise their dedicated fan base with Gray States. The music and lyrics are emotionally charged with longing, angst and regret; the title referencing a feeling of being stuck somewhere between the light and the dark... "waiting when you aren't sure about what you're waiting for", as described by D'Agostino. 

 

"Take Me Back" is the second single from The Materials upcoming EP, Gray States, due out on 5/18.

 

For more information, please visit:

www.wearethematerial.com https://www.instagram.com/thematerial/ 
https://twitter.com/thematerial 
https://www.facebook.com/Thematerialmusic/ 

https://www.youtube.com/thematerial

 

Gray States

1. The One That Got Away

2. Take Me Back

3. Give Anything

4. Wayside

5. Mistakes

=========================

The pollen tsunami rolling through offices in our area is threatening workplace productivity more than ever before.  “Are you allergic to work?” is suddenly a legit question!

 

  • The EPA says the lingering cold weather threatens to make this late blooming allergy season the worst ever.

 

  • Americans miss 24.5 million workdays each year due to “occupational asthma” and lose energy and focus due to sneezing, coughing and watery eyes. 

 

 

That’s why local office cleaning experts from Stratus Building Solutions created the “Office Allergy Checklist to help employers keep their workplaces healthy this allergy season.

 

“Workplace allergies fall under workers’ compensation laws, so with the “Office Allergy Checklist we’re helping local employers clean up the pollen petri dish that’s invading offices in our area and making people sick,” says Afshin Cangarlu, CEO of Stratus Building Solutions, the nation’s leading green commercial cleaning franchise with experts in our area. “There are simple steps employers and employees can take to make the office healthier this allergy season.”

 

Our local Stratus Building Solutions cleaning pros can come to your newsroom to show you allergy danger zones lurking on desks and behind computers.  We’ll share tips and demonstrate with props how to combat invading allergens and clean up neglected areas.  

 

Or come with us to a local office as we help local workers battle back against work allergies.

 

Stratus Building Solutions’ Office Allergy Checklist

 

  • Stop Sprayin’ and Prayin’ – Ditch the reliance on fragrances, disinfectant sprays, chemical cleaners, etc. to mask smells and clean spills.  Alkaline and acid cleaners contain dangerous chemicals and people are allergic to various scents.   Use green, plant-based disinfectant wipes and consider a “scent-free” policy to combat these issues.  And if an employee wears a strong perfume or cologne, it might be time to privately ask them to stop.  Strong scents can aggravate allergies and make colleagues sick.

 

  • Reward Early Birds and Promote Clean Eating – Pollen gets worse later in the day so encourage employees to arrive early.  Spicy/bold foods trigger more histamines – sending people into allergy fits. So, make sure you know about your employees’ food allergies that may require your office to have a separate refrigerator or microwave to keep food separate. If you bring in lunch,  consider catering with allergy-fighting foods, such as fish, walnuts, peppers and strawberries.  

 

  • Vent Away – Effective filtration is critical during allergy season.   Conduct an indoor air quality test to make sure air is recirculated so you’re not sucking in outdoor allergens.   Also, minimize workplace humidity (to less than 50%) and frequently clean poorly ventilated areas to protect against mold.

 

  • Plan Projects – Don’t compound the pollen problem with other projects/items that spark allergic reactions.   Save office improvement projects requiring painting for the holidays when many aren’t working because all types of paint can cause allergy issues.   Many folks have latex allergies so eliminate all latex from the office, especially rubber latex products such as rubber bands, balloons, medical supplies and plastic bottles.  And if possible, during allergy season, ask the lawn crews to come as early as possible (when pollen isn’t as bad) or late when everyone’s gone home. 

 

  • Celebrate a “Dust Your Desk Day” – Throw an office cleaning party to eliminate the desk clutter that’s collecting dust and allergens.  Check up on cleaning crews to make certain they’re tackling your offices dustiest places that rarely get cleaned (keyboards, mice/pads, monitors, computer cords/plugs, window blinds, upholstered furniture, and cubical partitions)