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