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Cost Management and Optimization for Midstream Companies: Maintenance Costs

By James Greey Midstream companies are a key link in the oil and gas sector and provide the transportation network that brings hydrocarbons from producers to refiners and ultimately to consumers.  Despite having this important role, midstream companies are not without challenges and they often suffer from inefficiencies that impact the bottom line.   Most… read more →

The Psychology of Schedule Checks

A key area of opportunity that Trindent focuses its approach on is behavior. When our engagements have a mandate to drive team productivity, our implementation plan always includes an Active Management training module.    However, having your managers attend a training session doesn’t guarantee success.  A manager has to be able to make the leap… read more →

Downstream Oil & Gas: Project Recommendations for 2021

By Kai Y. Wan with contributions from Ivan Parra Tepedino The COVID-19 pandemic has impacted many industries, especially the Oil and Gas industry. This sector simultaneously experienced a price collapse, a supply glut, an unprecedented demand decline and a health/economic crisis. Additionally, the sector’s poor structural and financial health caused the oil and gas industry… read more →

Understanding Gasoline Quality Giveaway

At a refinery, gasoline is produced to regulatory or customer demanded specifications, and exceeding these specifications is considered gasoline quality giveaway, costing individual refineries millions of dollars a year. What is gasoline quality giveaway?  Let’s say a gas station selling premium gasoline as 91 octane – this is a specification.  If a refinery produces a… read more →

Sustaining Process Improvement

Previous articles in this series dealt with the challenges of identifying outdated and inefficient processes, the effects that suboptimal processes have on the profitability and competitive position of a company, as well as some of the tools that can be used to identify and improve those processes.  But what happens once you implement those improvements? … read more →

Inventory as a Tool – A Healthcare Perspective

For healthcare organizations, inventory can be an important and powerful tool for controlling effective equipment management programs and providing better access to, quality of, and utilization of medical devices.    Accurately managed inventory can also be used for forecasting, developing budgets, performing risk analysis, risk management and mitigation, developing replacement and disposal practices, maximizing optimal… read more →

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