Industry

The year 2021 has seen some major developments in Ghana’s oil and gas sector and the latest issue of Oil Review Africa has showcased how the country is taking initiatives to have sufficient energy capacity to meet its fuel demand

ABB has strengthened its existing digital offerings with the launch of ABB Ability Genix Asset Performance Management (APM) Suite for condition monitoring, predictive maintenance and 360-degree asset performance insights for the process, utility and transportation industries

The Genix APM Suite makes it easy to add asset condition monitoring to existing operational technology (OT) landscapes, enables prioritisation of maintenance activities based on AI-informed predictions, and provides a comprehensive overview of asset performance. 

Genix APM Suite also empowers significant improvements in operational sustainability. By assessing the remaining useful life of industrial assets, Genix APM generates a plan for preventive maintenance, which can extend equipment uptime by as much as 50% and increase asset life by up to 40% [1]. 

With reliable data insights, decision makers are provided with the information required in order to identify gaps and areas of improvement for energy efficiency and tighter control of operations, increasing asset availability and improving profit potential. 

Rajesh Ramachandran, chief digital officer at ABB Process Automation, said, “Poor asset availability and reliability is a major problem that results in unplanned downtime and unexpected maintenance costs, and also impedes strategic planning and procurement. It’s not that industrial customers lack data; it’s that many lack effective ways to use their data to improve operational and business performance.”  

Genix APM is built on the ABB Ability Genix Industrial Analytics and AI Suite. ABB Ability Genix is a modular, IIoT and analytics suite, which integrates IT, OT and other enterprise data in a contextualised manner, applying advanced industrial AI capabilities that support new insights to optimise operations. 

ABB’s Process Automation business is a leader in automation, electrification and digitalisation for the process and hybrid industries. ABB serves its customers with a broad portfolio of products, systems, and end-to-end solutions, including # 1 distributed control system, software, and lifecycle services, industry-specific products as well as measurement and analytics, marine and turbocharging offerings. 

ADC Energy, a specialist provider of integrated rig inspections, has completed a project with a major rig owner which identified that an upgrade to dynamically positioned (DP) rigs power systems can reduce carbon emissions by almost 5,000 tonnes per year 

The International Associafion of OIl & Gas Producers (IOGP) has highlighted tne role of oil and gas in the energy transition, noting that according to the International Energy Agency’s (IEA)  2021 World Energy Outlook Sustainable Development Scenario, oil and gas will meet 46% of the global energy demand in 2030