Invensys Yield Accounting Solution

http://iom.invensys.com/EN/Pages/Solutions_InvensysYieldAccountingSolution.aspx?ls=scl&utm_source=McMullenBlog

About Yield Accounting: The Yield Accounting solution from Invensys addresses one of the most stressing issues of a refinery, petrochemical plant, or other processing facility: unaccounted losses. This solution improves the efficiency in a facility with data reconciliation, which finds errors in raw plant data and closes the mass balance and production accounting, which allows the plant to better account for feedstock and products. Material tracking and product yield tracking accounts for inventory and pinpoints losses. 

Technical Support: As always, feel free to reach out to your local technical support team for more information.

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Invensys Yield Accounting Solution

http://iom.invensys.com/EN/Pages/Solutions_InvensysYieldAccountingSolution.aspx

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Interesting quote on brand and perception

"Your brand is what people say about you when you're not in the room" - Jeff Bezos

I saw this quote on a LinkedIn feed yesterday, and it got me thinking about how correct Jeff Bezos is.

What do you say about SimSci-Esscor products when we aren't in the room? 

Would you want to tell me? I would be happy to listen if you want to share. 

Maybe together we can change that perception about SimSci-Esscor for everyone. 

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Control Engineering: Challenges of offshore oil and gas production

The article below appeared in Control Engineering:

Challenges of offshore oil and gas production

Working in more extreme environments is driving improvements in networking, and standards development for subsea automation systems. Sophisticated equipment on the sea floor has to communicate topside.

by: John M. Gilmore, Jr. - Invensys Operations Management



Read the entire article on Control Engineering here

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What does the Invensys acquisition mean for Spiral?

Guest Blogger, Emma Price, Customer Relationship Manager for Spiral Software 

Last month, Spiral joined the Invensys family of companies. From the first we heard about it, the response across Spiral has been very positive: Invensys has an excellent reputation and we could all see the great potential synergies between our companies. After much anticipation, the way the actual deal was celebrated actually reflects the overall sense of the process: we all came together in our lunch room and enjoyed some celebratory cake before heading back to work.

This business-as-usual approach is important. Spiral has been growing rapidly and this acquisition will allow us to continue concentrating on software development, benefiting from Invensys’ global capabilities as well as the portfolio of industry-leading tools. The fit between our tools is amazing: there is almost no duplication, and the two tool sets fit perfectly together to make an end-to-end solution, from trading through to planning, scheduling, operations and onto logistics.

As Matthew, our CEO, said “Joining Invensys allows us to remain focused on software development and our customers will continue to work with the same Spiral team. We see only positive change as we benefit from the backing of a trusted, global company that shares our passion for bringing a unique end-to-end solution to the marketplace”.

Since the acquisition, the mood in the office is one of excitement, with staff eager to be part of the next stage of Spiral’s life-cycle and all the opportunities that this will bring. We are continuing to recruit and expand our capabilities to deliver the next generation of supply chain tools to the industry. In parallel, we are meeting people across the various areas of Invensys, sharing ideas and discovering new possibilities to deliver innovation and value to our customers. 

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'Shale gas factory' provides collaborative field development

'Shale gas factory' provides collaborative field development epmag.com

The principles of lean manufacturing are applied to the shale gas factory to eliminate the wastes of people, time, resources, and assets while improving the quality of the shale gas well.

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Control Systems: Advanced Process Control Ain't Easy

Interesting article!! Check it out.

Advanced Process Control Ain't Easy

End Users and Suppliers Agree: Advanced Process Control Is a Powerful and Effective Tool, but Implementation and Maintenance Need to Be Simplified

Control Systems: Advanced Process Control Ain't Easy

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Automation Merger: From Crude Properties to Finished Products

"Control's Keith Larson was on hand for the Invensys SimSci-Esscor/IntelaTrac user group meeting October 15 in Houston and talked with Matthew Webster, CEO of Spiral Software, as well as Harpreet Gulati, director, simulation and optimization, Invensys Operations Management, on what Invensys' acquisition of Spiral means for the two companies' mutual clients in the petroleum refining industry. Watch the video" by clicking on the link below.  by cl
Automation Merger: From Crude Properties to Finished Products

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More on the Spiral Software acquisition

Yesterday I posted on the acquisition of Spiral Software discussing the acquisition and the main reason for the acquisition. Today I want to highlight some of their offerings including: Spiral Suite, CrudeSuite, CrudeSuite internet, Assay Libraries, and CrudeManager

Spiral Suite   

Spiral Suite is the only industry planning and scheduling solution designed from the ground up as an integrated solution. It fully supports all supply chain work processes across large and small enterprises, bringing together feedstock data management, planning, scheduling and envelope optimization activities in a single, fully-integrated toolset.
CrudeSuite

The CrudeSuite tools are designed for use in medium to large size companies, with users across many sites wanting to share and exchange information.

CrudeSuite internet

CrudeSuite internet (CSi)is a powerful, industry-leading decision support tool which utilizes sophisticated innovations in statistical modeling to enable companies to rapidly evaluate, manipulate and compare crude oil data, identifying the most profitable crudes.

Assay Libraries

Spiral markets a range of assay libraries for use in conjunction with its modeling and decision support tools. Industry-leading assay libraries from Chevron and Shell containing several hundred crudes are available in a variety of packages including regional and basket format. The Spiral HPI assay library is shipped as standard with all products.
CrudeManager

The CrudeManager tools are designed for use in small to medium size companies. They offer a wide range of functionality for crude assay management and manipulating crude oil information and are available with a variety of industry-standard crude oil assay libraries.

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Invensys Operations Management Acquires Spiral Software

Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the manufacturing and infrastructure operations industries, today announced that it has acquired Spiral Software, a privately held company headquartered in Cambridge, the United Kingdom to extend their refinery-wide optimization offerings with new planning, scheduling and crude management software.

Founded in 1998, Spiral Software’s solutions help hydrocarbon processing clients make better business decisions when trading and refining crude oils. Its crude assay management software enables clients to make the best choices when sourcing and refining feedstocks, and it’s planning and scheduling softwarehelps optimize production plans based on real-time crude demand and market pricing, as well as the refinery’s own capacity and supply chain constraints.

So you may be asking, why did Invensys Operations Management acquire Spiral? Simply put, Spiral technology will enable Invensys Operations Management to deliver new refinery-wide optimization solutions that enable clients to make better business decisions when trading and refining crude oils. Their offerings will enable us to fully support the entire planning to operations value chain, helping our customers make better business decisions in real time, based on demand, market pricing and their own economic, capacity and supply chain constraints.

Spiral Software solutions extend SimSci-Esscor’s refinery optimization offerings, enabling us to cover the entire planning to refining value chain, something no other provider can do. As an integrated offering with our market-leading refinery optimization products, it fills a gap in our portfolio offerings and strengthens our competitive position. Spiral Software’s crude assay management tools allow traders to rank various crude oils and assess a feasible purchase price as an input to the monthly plan, as well as determine what other crude products the refinery can make, allowing the traders to make additional product commitments or understand their product trading flexibility. Spiral Software’s planning and scheduling solution then integrates the buying plans with the production schedule so purchasing decisions are made continuously rather than monthly. Additionally, the software’s risk-analysis feature is able to model several different planning and scheduling scenarios, helping refiners understand their exposure to changes in feedstock costs, product demand and refinery operations.

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