12152017Fri
Last updateFri, 15 Dec 2017 3pm

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Process Instrumentation in Oil and Gas

Process Instrumentation in Oil and Gas

Process instrumentation is an integral p...

Check Valves in LNG Cryogenic Service

Check Valves in LNG Cryogenic Service

Because natural gas is currently conside...

Will Smart Machines Obsolete Human Resources?

Will Smart Machines Obsolete Human Resources?

Is artificial intelligence (AI) going to...

Is Valve Live Loading an Option?

Is Valve Live Loading an Option?

Valves leak. There’s no getting ar...

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Construction and Mining: Is 2018 The Year for Growth?

Construction and Mining: Is 2018 The Year for Growth?

Tuesday, 12 December 2017  |  Kate Kunkel

While there is a degree of optimism in the mining industry that hasn’t been seen for some years, much uncertainty still exists in this sector. A...

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Industry Headlines

United Valve Names Jim Nelson Engineering and Production Manager

8 HOURS AGO

United Valve LP has promoted Jim Nelson to production and engineering manager. Nelson will be responsible for overseeing all production and engineering activities at United Valve.

“Jim Nelson has demonstrated consummate professionalism and shown his strong leadership skills, earning the respect ...

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Setpoint I.S. Honored by Baton Rouge Business Report

1 DAY AGO

Setpoint Integrated Solutions (Setpoint I.S.) was honored this fall at the Baton Rouge Business Report’s Top 100 Private Companies Luncheon. Celebrating its 35th Anniversary this year, the Baton Rouge Business Report hosts many events in the community.

At the most recent event , the Top 100 Private C...

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EIA Forecasts Record U.S. Oil Output in 2018

1 DAY AGO

The U.S. Energy Information Administration (EIA) estimates that U.S. crude oil production averaged 9.7 million barrels per day (b/d) in November, up 360,000 b/d from the October level. Most of the increase was in the Gulf of Mexico, where production was 290,000 b/d higher than in October. Higher pro...

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Chemical Industry Growth Rate Surpasses 20-Year Average

2 DAYS AGO

The U.S. chemical industry is riding a global wave of growth as the world’s major economies experience an upswing for the first time in a decade. Increased output and accelerating growth rates that surpass the previous twenty-year average will help cement the business of American chemistry as ...

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U.S. Manufacturing Technology Orders Up 6.3%

2 DAYS AGO

Orders for manufacturing technology kept their momentum in October 2017, gaining 6.3% over September to a total value of $428.32 million, according to the latest U.S. Manufacturing Technology Orders Report from The Association for Manufacturing Technology (AMT). Year to date, orders are up 7.6% comp...

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NAM Survey: Manufacturers’ Optimism Reaches Record High

3 DAYS AGO

The National Association of Manufacturers (NAM) released the results of the Manufacturers’ Outlook Survey for the fourth quarter of 2017, showing manufacturers’ optimism has risen to unprecedented heights amid the legislative progress made on tax reform. With 94.6% of respondents saying ...

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Asset Management: A Plant Manager’s Best Friend

vmfall11_maintenance_tabletInformation about the performance of a facility’s valves has never been more readily available—or more important. Digital positioners and distributed controls can provide valuable data about the operation of the overall system. At the same time, the growing complexity of today’s facilities, increasingly stringent regulatory and reporting requirements, and growing pressure to improve plant performance have combined to make that valve data more vital than ever.

But how can an operations or maintenance manager get the best information? To be useful, the data must be readily available and presented in a user-friendly manner. Asset management systems can fulfill this need by providing easy access to a database containing details of the history and health of every valve in a plant.

WHAT IS AN ASSET MANAGEMENT SYSTEM?

An asset management system is the valve equivalent of the electronic medical recordkeeping systems used by hospitals and clinics. For medical applications, the patient’s electronic record contains such information as test results, prescription history, diagnostic images and notes on previous appointments. The physician can access this data with just a few clicks of a mouse, no matter the time of day or night or whether he or she is in the office the patient typically visits, or at a sister facility. Having this complete record helps the physician identify any changes in the patient’s health over time, make accurate diagnoses, alert when routine tests and procedures should be completed and properly bill the insurance provider.

Similarly, an asset management system for valves stores performance data, maintenance records, test results, piping and wiring diagrams, photos and other vital and diagnostic records in a simple and logical manner. The information can then be easily retrieved for use in tasks such as performance analysis, outage and maintenance planning, inventory management, validation reporting to inspectors and loop analysis. An asset management system also can help plant personnel see trends in valve performance over time, diagnose performance problems, determine whether a valve should be repaired or replaced, streamline plant turnarounds and other maintenance activities, and more easily meet documentation and reporting requirements.

Various types of asset management tools are in use today, ranging from spreadsheets and other user-designed tools to sophisticated Web-based programs. The following are key factors to consider when evaluating the options and choosing the right solution.

RANGE OF CAPABILITIES

A key objective of implementing an asset management system is to simplify and streamline processes. To aid in this goal, plant personnel can choose a single tool that will meet all of the plant’s needs, rather than juggling multiple tools to accomplish different tasks.

This single tool should be able to capture data about all types of valves in a plant—control, pressure relief, line, gate, motor-assisted, etc. It also should record information about a valve and all of its accessories, not just an individual component, such as a positioner.

SUPPLIER SUPPORT

It also is important to have confidence that the system’s developer will stand behind the product and provide ongoing support and service, including adding new features and modules. The college student next door who is home for the summer may be a software development whiz; but he or she is not likely to be available come fall, let alone years down the road, to field technical questions and ensure a tool meets evolving needs. A wiser move would be to choose a strong provider committed to its product.

DATA INPUT

Because asset management is about the quality of data, the old adage “garbage in, garbage out” holds true. Data input and maintenance must be regular and accurate if a tool is to provide expected benefits. Some plant operators prefer to handle these tasks in-house. Those who do not have on-staff resources to accomplish these tasks faithfully, however, should consider other options. Some valve service providers offer managing their customers’ asset management systems as a value-added benefit at no additional cost. The end user still owns the data and links to that information, but the service provider handles the data entry and system maintenance.

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