This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
percent in the decade between 2012 and 2022. Operations leaders can also find new approaches to increase asset reliability, including through refined preventive and predictive maintenance  programs and enhanced root-cause problem-solving capabilities. Even before the crisis, advanced economiesâ productivity growth receded from 2.2
Summer had been licensed to operate from 1982 to 2022. Summer’s longevity, Dominion Energy regularly performs maintenance and conducts upgrades at the station, including recently replacing the main transformer”, the Richmond, Virginia-based utility said. A renewal awarded 2004 extended its life for 20 years to 2042.
In northwest Europe, the premium for more immediate supplies over the following month surged to $44 a ton on Friday; excluding the often volatile days when futures contracts expire, that’s the strongest since late-2022. “European inventories may not build in July, which leaves them in a very fragile position.
will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. billion for purchases and SPR maintenance. (BOE Report) – The U.S. So far this year only 8.8
The current agreement, which began in August 2022, will now run until at least August 2027. This latest agreement underscores EnerMech’s growing reputation as a trusted partner in offshore lifting operations and maintenance, reinforcing its long-term commitment to supporting safe and efficient production in the North Sea.
SPR levels dropped to a 40-year low of 347 million barrels in July 2023 after Trump’s predecessor Joe Biden carried out several SPR sales to ease rising oil prices, including releasing 180 million barrels in 2022 after Russia’s invasion of Ukraine sparked concerns about a global energy shortage. crude prices and take years to accomplish.
Lower profitability and increased volatility in asset management The European asset management industry began to recover in 2023 following a severe decline in 2022, according to McKinsey research. But European profit pools havenât recovered from the challenging years of 2022 and 2023. percent flow effect, compared with 0.9
From 2018 to 2022, for example, AI adoption remained relatively stagnant, with about 50 percent of companies deploying the technology in just one business function, according to McKinsey research (Exhibit 1). Yet AI was largely the domain of experts. As a result, adoption across the rank and file tended to be slow.
Green Mountain Power (GMP) of Vermont is purchasing two of The Lion Electric Company’s all-electric trucks: a Lion8 bucket truck for line crews and a Lion6 stake body truck for electrical maintenance field crews. Lion Electric expects to deliver the first truck to GMP in the first half of 2022, and the second one is […].
Maintenance Shutdown Execution and Management Summit (MSEMS- Lisbon-2022) is an. If turnarounds are not properly planned, managed and controlled, companies run the risks of serious budget overruns, costly schedule delays and negative impacts on customers.
Between 2022 and 2023, Sand Hill Energy Center encountered two serious defects in cabling, one of which resulted in an arc fault. These were surprises and have led the team to consider inspections and testing The post Austin Energy Power Production Cable Defects appeared first on POWER Magazine.
Payments for oil supplied between October 2022 and March 2023 must also be settled directly and transparently, without intermediaries. There also needs to be agreements put in place that see Companies being paid for oil delivered but not paid for between October 2022 and March 2023.
Consider that advanced economies saw productivity growth of only 1 percent from 2016 to 2022, down from 2.2 Simulation-based preventive maintenance training, enabled through the use of virtual reality (VR) technology, replicates rigorous conditions and real-life scenarios. The challenges are considerable. percent between 1997 and 2002.
My small modular project For many of us, 2022 was a challenging year due to high inflation. The price of green energy will likely drop over time; however, remaining competitive will require a strong focus on operations and maintenance efficiency and flexibility.
Permian Basin production has grown dramatically, surpassing 10 billion cubic feet per day (Bcf/d) in 2018 and more than doubling to 21 Bcf/d by 2022, according to the U.S. "We have a long way to go to align infrastructure with production growth, and more pipelines will be needed as power demand keeps rising."
Following more than 60 percent cost reductions for PV between July 2022 and July 2023, 3 âSolar-panel maker Meyer Burger to cut fifth of its workforce,â Financial Times , September 18, 2024. Solar photovoltaicsâ (PV) manufacturing supply chain is concentrated in China and Southeast Asia.
For 2025, we remain focussed on three principal objectives: maintenance of a strong balance sheet; resilient cash generation from the core business; and the addition of new assets. In 2024, we continued with the cost reduction exercise and business efficiency improvements that began in 2022.
On December 29, 2023, the USCG issued Maritime Safety Information Bulletin (MSIB) 13-2023, Change 1 , an updated version of MSIB 13-23, that now includes a Frequently Asked Questions section addressing compliance with the Safer Seas Act that was passed in December of 2022. This deadline is December 23, 2024. 1] 46 U.S.C. 4901 [2] 46 U.S.C.
FinCEN has until January 1, 2022, to implement the regulations regarding reporting requirements, although FinCEN is also using this ANPRM to solicit comments on the implementation of the related database maintenance use and disclosure provisions.
FinCEN has until January 1, 2022, to implement the regulations regarding reporting requirements, although FinCEN is also using this ANPRM to solicit comments on the implementation of the related database maintenance use and disclosure provisions.
When volumes dipped in 2022, margins dipped along with them, to 38%. special dividend in 2022 and are paying a $0.35 So I am going to fall back on the past: if you look at Westshores history, maintenance capex when they arent completing a big new upgrade is actually pretty modest. last year and will pay $1.50 They paid a big $1.50
billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. billion to purchase oil to help replenish the SPR, the worlds largest emergency stockpile of crude, and $218 million for maintenance of the facility.
The report card calls on policymakers to embed resilience into every phase of project development from planning through permitting and operations and maintenance. Prior to IIJA, federal infrastructure funding had lagged for decades, leading to a growing maintenance backlog. Most of those occurred in just the last ten years.
General-purpose robotics funding grew fivefold from 2022 to 2024, surpassing $1 billion in annual investment, with leading start-ups such as Figure AI, Skild AI, and Agility Robotics raising hundreds of millions of dollars. Patent filings have also surged, with a 40 percent CAGR in volume since 2022. Governments are taking notice, too.
Temple University, 2022. For instance, a buildingâs app can make it easy to book study space or laundry room machines, file maintenance requests, schedule moves, sell furniture to students on a resale marketplace, or request book deliveries from campus libraries.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content