Pioneering technology expert tells ADIPEC Energy Dialogue up
to 80 per cent of plant shutdowns could be mitigated through
combination of advanced electrification, automation and
digitalisation technologies
Greater use of renewables in power management processes
offers oil and gas companies opportunities to create efficiencies,
sustainability and affordability when modernising equipment, or
planning new CAPEX projects
ABU DHABI, UAE, Aug. 9, 2020 /PRNewswire/ -- Leveraging the
synergies created by the convergence of electrification, automation
and digitalisation, can create significant cost savings for oil and
gas companies when making both operational and capital investment
decisions, according to Dr Peter
Terwiesch, President of Industrial Automation at ABB, a
Swiss-Swedish multinational company, operating mainly in robotics,
power, heavy electrical equipment, and automation technology
areas.
Participating in the latest ADIPEC Energy Dialogue, Dr Terwiesch
said up to 80 per cent of energy industry plant shutdowns, caused
by human error, or rotating machinery or power outages, could be
mitigated through a combination of electrification, automation and
digitalisation.
"Savings are clearly possible not only on the operation side but
also, using the same synergies between dimensions, you can bring
down the cost schedule and risk of capital investment, especially
in a time when making projects work economically is harder,"
explained Dr Terwiesch.
A pioneering technology leader, who works closely with utility,
industry, transportation and infrastructure customers, Dr Terwiesch
said despite the increasing investment by oil and gas companies in
renewables and the growing use of renewables to generate
electricity, both for individual and industrial uses, hydrocarbons
will continue to have an important role in creating energy, in the
short to medium term.
"If you look at the energy density constraints, clearly
electricity is gaining share but electricity is not the source of
energy; it is a conduit of energy. The energy has to come from
somewhere and that can be hydrocarbons, or nuclear, or renewables,"
he said.
Nevertheless, he added, the greater use of renewables to
generate electricity offers oil and gas companies the option of
integrating a higher share of renewables into power management
processes to create efficiencies, sustainability and affordability
when modernising equipment, or planning new CAPEX projects.
The ADIPEC Energy Dialogue is a series of online thought
leadership events created by dmg events, organisers of the annual
Abu Dhabi International Exhibition and Conference. Featuring key
stakeholders and decision-makers in the oil and gas industry, the
dialogues focus on how the industry is evolving and transforming in
response to the rapidly changing energy market.
With this year's in person ADIPEC exhibition and conference
postponed to November 2021, the
ADIPEC Energy Dialogue, along with insightful webinars, podcasts
and on line panels continue to connect the oil and gas industry,
with the challenges and opportunities shaping energy markets in the
run up to, and following, a planned three-day live stream virtual
ADIPEC conference taking place from November
9-11.
An industry first of its kind, the online conference will bring
together energy leaders, ministers and global oil and gas CEOs to
assess the collective measures the industry needs to put in place
to fast-track recovery, post COVID-19.
To watch the full ADIPEC Energy Dialogue series go to:
https://www.youtube.com/watch?v=QZzUd32n3_s&t=6s
About ADIPEC
Held under the patronage of the President
of the United Arab Emirates, His
Highness Sheikh Khalifa Bin Zayed Al
Nahyan, and organised by the Global Energy division of dmg
events, ADIPEC is the global meeting point for oil and gas
professionals. Standing as one of the world's top energy events,
and the largest in the Middle East
and North Africa, ADIPEC is a
knowledge-sharing platform that enables industry experts to
exchange ideas and information that shape the future of the energy
sector. ADIPEC is hosted by the Abu Dhabi National Oil Company
(ADNOC) and supported by the UAE Ministry of Energy & Industry,
Masdar, the Abu Dhabi Chamber, the Abu Dhabi Department of Culture
and Tourism, Abu Dhabi Ports and the Department of Education and
Knowledge. dmg events is committed to helping the growing
international energy community.
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