What are the Best Asset Optimisation Strategies for Your Energy Assets?

The AI Alliance | Q3 2024

Dear Valued Member,

We welcome you to the third edition of our 2024 digital newsletter focused on all things Asset Integrity. As a valued member, we will continue to bring you the latest industry developments to help manage your assets effectively.

INTEGRITY VIDEO SERIES 📽️

In our Integrity in Focus sessions, you can watch short, on-demand knowledge videos presented by our Asset Integrity experts.

In our latest session, Penspen Integrity Engineer, Shibin Ashraf, discusses how you can harness the full potential of your pipeline assets through the power of data with THEIA, Penspen’s Pipeline Integrity Management Solution.

WATCH NOW

TECHNICAL TALK

Technical Paper: Risk-Based Inspection - The Steps to Effective Asset Integrity Management

In a new technical paper, experts from Penspen delve into the principles of Risk-Based Inspection (RBI).

Safety-focused and cost-effective, RBI as an inspection scheme targets threats to the integrity of critical energy assets. An essential part of Asset Integrity Management, the methodology enable teams in complex processing industries to find the answers related to inspection activities.

Download the technical paper and have full free access to an expert’s opinion on how to implement an RBI method and discover what the operational and commercial benefits are.

DOWNLOAD PAPER

PROJECT SPOTLIGHT

Penspen Delivers Detailed Engineering Services for the World's Largest Offshore Natural Gas Project

In the United Arab Emirates, the world’s largest offshore natural gas development project is underway – the Hail & Ghasha Development Project – which, once operational, will see the production of 1 billion standard cubic feet per day (BSCFD) of natural gas and capture of 1.52 million tonnes of CO2 per year, enhancing the UAE’s energy security and sustainability.

Penspen has been awarded to provide detailed engineering services to one of the leading EPC companies involved in the mega project by covering the detailed design of offsite pipelines between various terminals and comprehensive procurement services.

Follow the link to learn more.

INDUSTRY VOICES

Unlocking Operational Excellence in the Energy Industry: The Power of Root Cause Analysis (RCA)

Are you struggling to improve the operational efficiency of your energy assets? Integrating Root Cause Analysis (RCA) into your inspection programme could help.

In our latest technical paper, Penspen experts break down the core principles of RCA and explain how it can help energy operators identify the root causes of operational issues and implement lasting solutions to prevent recurrence.

Download now to access expert guidance on incorporating RCA into your integrity programme and fostering a culture of continuous improvement that strengthens and protects critical energy infrastructure.

KEEPING YOU CONNECTED - ASSET INTEGRITY BULLETIN

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📰Balancing Safety and Efficiency in Anthropogenic CO2 Pipelines

In the i27 Dar Magazine Issue, energy transition experts from Penspen discuss the complexities involved in transporting anthropogenic CO2—carbon dioxide emissions produced by human activities—for carbon capture, utilisation, and storage (CCUS).

The article provides insights into the differences between natural and anthropogenic CO2 and highlights crucial design considerations for ensuring the safety and reliability of CO2 pipelines as we transition to a low-carbon economy.

Read the full article on page 30.

🤝Penspen Joins Forces with US AI Firm - Senslytics

This week Penspen has announced a strategic collaboration with Senslytics, a venture-backed start-up that develops artificial intelligence (AI) corrosion mitigation technologies.

The collaboration will explore the integration of Senslytics’ CausX AI technology with THEIA, Penspen’s digital pipeline integrity management solution and how this can empower pipeline integrity engineers to improve decision-making in high-impact situations, reducing risks and improving capital efficiency.

Read the full announcement.

📅The Countdown for the 2024 ADIPEC Conference is on!

Connecting the industry’s changemakers, the ADIPEC Technical Conference returns to Abu Dhabi from 4-7th November 2024.

ADIPEC is the world’s largest and most inclusive gathering for the energy industry. Over 2,200 companies from across the world, representing the entire energy ecosystem and beyond, will come together to showcase the strategies and innovations that will define the future of energy.

Make sure to visit Penspen at Stand 8551.

Learn more about the conference.

Penspen, 150 Holborn, London EC1N 2NS, United Kingdom

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