Oil & Gas engineering
Energy engineering is a key topic in energy project management. Indeed, the U.S. is a leader in the production and supply of energy, and is one of the world’s largest energy consumers. Energy engineering is the third largest industry in the U.S.
Growing consumer demand and world class innovation combined with a competitive workforce and supply chain able to build, install, and service all energy engineering technologies – make the U.S. the world’s most attractive market in the $6 trillion global energy market.
The ground in the oil patch has shifted dramatically. The forecast for the oil engineering industry is extremely different today compared with how it looked just a couple of years ago, when the fundamentals of oil engineering were controlled by cartels. That traditional structural discipline has been replaced by a systemic imbalance marked by vastly increased supply and receding demand growth.
Telecommunication operators also make money by providing network connectivity to other telecom engineering companies that need it, and by wholesaling circuits to heavy network users like internet service providers and large corporations. Interconnected and wholesale markets favor those players with far-reaching networks.
As the world becomes increasingly urban, densely populated areas will face transportation issues. 50% of the global population already lives in cities and will approach 70% in the next 40 years.
The transportation engineering industry is in an enviable position. Fuel prices have tumbled and are not likely to return to stratospheric levels anytime soon. Traffic volumes, especially in the United States and some developing countries, are strong and forecast to improve further as the impact of the recent severe recession recedes.
Managing energy, telecom and transportation infrastructures
Energy, telecom and transportation companies often manage changing industrial infrastructure (building, equipment, maintenance, urban renewal, etc.) while dealing with stringent financial and regulatory requirements.
Many companies and teams depend on infrastructures operations. Therefore on each project (energy, telecom, transportation engineering), internal and external participants are numerous, varied and often on globalbase. To ensure infrastructure management, budget consideration and project schedule/due-date observation, project lifecycle and costs evaluation needs to be carefully handled.
Common teams' concerns in engineering management
In energy engineering as well as in telecom or transportation projects, many questions spring up such as:
- How to outline on-going projects / project portfolio?
- How to streamline contracts and requirements of each project?
- How to optimize current infrastructure?
- How to efficiently collaborate with suppliers and sub-contractors?
- How to reduce non-conformance risks and comply with standards?
Challenges in engineering management
When information is not centrally managed, participants in projects find it difficult to search data, documents or any kind of information. It often requires specialized personnel to gain access or leads to added workloads for people whose time is already expensive and in short supply. Poor project or infrastructure information management leads to lower asset availability, higher costs, slower decision making, and greater risks.
It is necessary for energy, telecom and transportation operators to have a proper data and document management system that relieves from manipulating documents, speeds up decision and validation processes. Overall these PFIs (private financial initiatives) need to properly handle the complexity of the projects. It is not simply about a document management system: though projects mainly appear to be made of collaboration around documents, there is a lot of associated complex information, such as tasks, sub contractors, milestones, pricing information, planning, bill of materials etc. There are thousands of users at peak in the construction phase that need to be thoroughly managed with precise rights.
Lascom solution for oil&gas, telecommunication and transportation engineering
Lascom solution is dedicated to infrastructure and equipment projects. The unique platform structures, manages and improves collaboration between all project participants. Gathering information on a repository performing as a “single version of the truth”, the suite ensures a dynamic supervision of projects. Its robust technology has proven its ability to sustain performance critical issues, as often meet in transportation engineering projects.
Lascom AEC provides businesses with features such as: