Cost-saving mode is not the best time for trial projects. Instead, it’s an opportunity to drive innovative ways to reduce cost. At PMI, we are focused the potential to save on operating costs by simply considering the hydrodynamic efficiency of your cable hardware.
Sinking profits could be a good trigger to reconsider the drilling and completion “basis of design” and look for alternative and innovative ways to reduce cost and increase production. Read more and discover other cost saving ideas to brainstorm.
Oil energy and renewable energy are two totally different marketplaces, generating two different products used in different ways. As different as they may be, they still require the same equipment – rugged subsea grips, hangers, and terminations – with the same goal: extending service life and maintaining integrity in extreme underwater environments.
They operate in different markets. Oil is predominantly used for transport—cars, trucks, planes. Very little of it is used for power; oil accounts for less than 1 percent of power generation in the United States and Canada, for example, and not much more in Europe. Globally, the figure is around 5 percent. Renewables, in contrast, are used mostly to create electricity. The more important factor for renewables, then, is not the price of oil, but the price of electricity, and the latter is not entirely a function of the cost of fuel. The electrical grid itself is expensive, which is why US power costs, which are relatively low in global terms (an average of 12 cents per kilowatt-hour), have been rising. In Europe and Japan, electricity costs are significantly higher, and the relative position of renewables is correspondingly better. Read more…
At PMI, we offer mechanical testing of all subsea cable hardware, including umbilical components and umbilical structures. We possess the equipment and experience necessary to complete the most demanding testing in order to enhance project safety and quality.
Umbilical designs for deepwater are complicated and present a number of challenges that must be considered during early design stages. If not correctly taken into account, they can cause problems and limitations during installation and in service. The trend of incorporating more functional components into the design leads to heavier umbilicals and, coupled with greater water depths, results in much higher topside hang-off loads. This drives umbilical designers to further understand the behavior and limits of their products. Read more…
Never lose sight of operational excellence. This is going to be key for oil companies as they struggle with oil price volatility.
At PMI, our engineering excellence means our clients receive proven product technologies and processes to deliver ease of installation, long service life, and reduced lead times, allowing them to focus on other tactics for tackling a tough marketplace.
Chemical companies need not necessarily fear oil-price volatility; in fact, the best ones will savor the opportunities it presents. With disciplined investment in organizational capabilities and agility, producers can effectively plan for, respond to, and benefit from oil-price shocks. Read more…
Companies and governments count on PMI engineering support to design and produce reliable cable systems. They look to PMI for innovation to increase performance, specifically for the brutal subsea environment. Because at PMI, we understand the subsea poses challenges unlike any other environment in the world.
Our equipment is highly-designed to guard against cable and equipment damage, extend service life, and maintain cable integrity in these extreme underwater environments.
As in the planning of any asset development, the decision-making process attempts to maximize asset value and to minimize costs without compromising safety and reliability. The cost analysis focuses on capital expenditures and operating expenses, and it also includes risks, or the potential costs of unforeseen events. The conditions driving these costs are numerous and interrelated, and they include reservoir-related factors including existing infrastructure, water depth, weather and currents, seabed conditions, cost of construction and decommissioning of permanent structures, time to first production, equipment reliability, well accessibility for future monitoring or intervention, and flow assurance – the ability to keep fluids flowing in the lines. Read more…
Forward-thinking and progressive companies will push sustainable energy technology and innovation further, testing its boundaries. These companies will advance as they see the value in environmental advocacy. They will be very focused on time and cost cutting methods. At PMI, we are looking into the future with these companies, helping reduce their costs through the use of hydrodynamic efficient hardware. Our in-depth hydrodynamic efficiency studies can be done on existing subsea devices for a complete cost analysis, as well.
In the world of energy, time and money are of the essence. Whether it be meeting projects completions, cost recovery or investor returns, entering the sustainable energy market has very real risks. All variables in the energy sector are related to time and cost. This is even truer in the sustainable energy sector. In order to get off the ground floor, in order to thrive, new emerging technologies and companies in this sector will require the removal of barriers to entry, which at times contain the much maligned red-tape. Read more…
Tidal energy farms require cables. And we understand that the lifetime of those cables significantly effect O&M costs. That’s why as the demand for tidal energy grows, we expect to find ourselves a long-time supplier in this market. Our product are designed to guard against cable and equipment damage, extend service life and maintain cable integrity in extreme underwater environments. Our hardware is proven to reduce the cost of maintaining subsea cables over time.
How the world is harnessing the power of the tides:
The Bay of Fundy is receiving a great deal of attention from proponents of ocean energy and from those in the industry seeking a more sustainable and green future. This 270 km long ocean bay is located in Atlantic Canada between the provinces of Nova Scotia and New Brunswick. The Bay of Fundy is where you will witness the highest and most spectacular tides in the world with 100 billion tons of seawater flowing in and out daily during each tidal cycle. This enormous power is currently being harnessed to generate electricity via tidal in-stream energy conversion (TISEC). Numerous projects and research initiatives are underway. With growing demand all over the world for renewable, clean, and carbon-free energy generation, tidal energy is quickly becoming a top choice over traditional wind and solar power. Read more…
