Powering Global Prosperity: New Energy for Pressing Industry Challenges

Global prosperity requires reliable energy at a reasonable cost. To meet this demand, the industry is changing the way it produces energy and power, whether it comes from hydrocarbon, nuclear or renewable means. Supplying it requires sustainable development, environmental stewardship, compliance with regulations and cost management. Independent of prices, the industry’s most pressing challenge is cost per unit of energy. Recent layoffs and out-of-the ordinary cuts to capital and operating costs are driving the oil and gas industry to produce energy more efficiently, more safely, and with a smaller carbon footprint. Debate over subsidies, reliability and viability have resulted in accelerated development/deployment and widespread innovation in renewable energy, which includes solar, wind and hydropower, fuel cells, wave and tidal, energy storage, the next generation of fission nuclear reactors and advancements in fusion energy. Continue reading

ANSYS Advantage: Oil and Gas Industry Focus on Safety and Reliability

ANSYS Advantage Oil and Gas 2014The oil and gas industry is full of challenges. Equipment must operate reliably under harsh conditions, or companies risk loss of life, environmental disaster, and reduced revenue from maintenance or unscheduled downtime. As I worked with ANSYS global director of energy and process industries Ahamad Haidari to compiled the newest special issue of ANSYS Advantage for the oil and gas industry, the importance of product reliability and performance in this market became apparent. Beyond that, engineers in any industry can benefit from the best practices explored in this issue. Continue reading