Oracle's integrated platform: a holistic view for teams
Niche solutions, often easy to set up and quick to establish, are tempting to business units and departments when facing their specific challenges. But we're aware these days that digitisation at the strategic level makes it imperative to make full use of the rich data sources available to utilities. Any proliferation of niche products, prompting the adoption of Excel tools to overcome deficiencies in data availability, only serves to undermine the establishment of holistic thinking within a business. It can impede the progress of broader digital evolution, which now more than ever needs to be fast-tracked, and ultimately of project outcomes.
While the use of niche products can be partially resolved with a highly integrated environment, says Oracle Construction and Engineering's director of energy industry strategy Geoff Roberts, those tangled “spider web” approaches deployed to business solutions are a thing of the past. Oracle’s Primavera platform has been available for decades for complex and resource management but over the last 10 years it has been continually enhanced by acquisitions, moving into the space, until today Oracle has a truly integrated platform with solutions such as Oracle Aconex that enable disparate parts of the supply chain to blend and work effectively. “It is all about business processes, workflow, a two-way flow of information during the life-cycle of the project, from strategic investment planning right through to execution.” he says.
supports owner organisations, their project delivery teams, and supply chains to manage their data in a single platform. Primavera Unifier is a purpose-built platform that supports, automates, and tracks project delivery processes through complex workflows. In addition, Primavera Unifier acts as a perfect vehicle to remove Excel from the delivery teams and ensure data visibility and transparency – not only across the project team, but throughout the entire organisation and supply chain. Primavera Unifier also supports mobility, Roberts emphasises, to ensure that any project delivery process, including document reviews/redlining, photo capture and the like, managed remotely through a mobile application can be supported without the need for IT deployment.
A project delivery platform enhances and is highly complementary to an owner organisation’s ERP solution, providing the project team with a vehicle to efficiently deliver projects. A cloud-based platform significantly reduces the need for integration, as well as the software portfolio required, and ensures one common place to manage all project data, ensuring a digital data thread. The Oracle fully integrated solution is further integrated with the entire business ecosystem. “We integrate smoothly with any major ERP system, not just our own!” adds Roberts.
Spurred by necessity in this time of COVID-19 disruption, every company is looking to technology to help it run its business better. Bringing customers and partners together, Oracle is a pioneer with its : partners are essential to further enhance Oracle's ecosystem, demonstrating innovations in, for example, IoT in smart materials tracking, vehicle and people management or understanding edge technologies like virtual and augmented reality.
Mirico Cloud identifies emission changes
Mirico is extending its gas measurement services with the launch of Mirico Cloud for the oil and gas industry.
The platform lets customers detect and quantify gas emissions across multiple oil and gas sites, and quickly fix issues causing changes in emissions. Customers can be contacted by SMS or email for alerts if a new emission is above a certain size, or about an existing known emission that has started to grow.
Customisable dashboards can show average emissions over the last 24 hours or how emissions vary by asset type.
"It's great to be able to broaden the service we provide our customers," said Dr Linda Bell, CEO of Mirico. "We really feel this is a big step forward in helping the oil & gas industry to quickly identify emission issues at scale and ultimately help them in their goals to reach net zero."
The industry remains under intense pressure to deliver on emission targets. Achieving 50% lower emissions by 2030 will require either full electrification of the West of Shetland and Central North Sea or earlier-than-expected field cessations, according to Wood Mackenzie.
In 2018 the UK produced 451 million tonnes CO2 equivalent (MtCO2e) of greenhouse gas emissions. Around 3% of this total is direct emissions from oil and gas activity on the UK Continental Shelf. Energy generation, mainly from fossil fuels, produced 23% of emissions, and the transport industry accounted for a further 28%, mostly from the use of oil-based products.
The North Sea Transition deal has four key pillars:
- Supply decarbonisation reduce emissions from oil and gas production by 50% by 2030
- Carbon capture and storage (CCS) target 10 Mtpa of carbon capture by 2030
- Hydrogen deliver 5 GW of low-carbon hydrogen capacity by 2030
- Supply chain/people deliver investment of £14-16 billion into low-carbon technology by 2030
Methane in the spotlight, a busy 48 hours for bp and JPMorgan releases carbon reduction targets
Institutional investors with a collective $5.35 trillion in assets are calling on the Biden administration to get tougher about methane emissions as it seeks to address climate change. "Any credible pathway for the use of natural gas in a Paris-aligned future must address methane emissions," it states.
Cutting human-caused methane by 45% this decade would keep warming beneath a threshold agreed by world leaders, according to the UN Environment Programme. Such reductions would avoid nearly 0.3°C of global warming by 2045 and would be consistent with keeping the Paris Climate Agreement’s goal, to limit global temperature rises to 1.5˚C, within reach.
bp and CEMEX will work together on accelerating the progress of the latter's 2050 ambition to deliver net zero CO2 concrete globally. Around 70% of global emissions come from transport, industry and energy and cement making is energy intensive. Last week bp and renewable energy supplier Pure Planet forged a partnership to launch a new digital energy service that will support households, EV drivers and energy consumers in the UK.
Hot on the heels of the CEMEX announcement, bp shareholders rejected a plan that would have forced the company to strengthen its climate commitments in an AGM poll, with only 20.65% pledging support. "We will continue to engage with shareholders on our strategy, targets and aims so as to ensure their views are fully understood," it stated. One of the challenges is that there is no single metric that measures Paris consistency, according to chief executive Bernard Looney.
JPMorgan Chase yesterday released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement, publishing 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. It also released its new Carbon Compass methodology that describes how the firm set its targets and how it will monitor progress over time, and unveiled a Center for Carbon Transition.
“There must be collective ambition and cooperation by business and government to tackle climate change,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase. "Setting our Paris-aligned targets is an important step toward accelerating the transition to a low-carbon economy and meeting the goals of the Paris Agreement. JPMorgan Chase is committed to doing its part by working with clients around the world to reduce emissions and by ensuring our own operations remain carbon neutral."