Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
  • Contact
No Result
View All Result
Energies Media
No Result
View All Result

Battling the Problem of Aging Infrastructure and Regulatory Compliance

by Energies Media Staff
April 5, 2019
in Business, Downstream, Fullstream, Investments, News, Oil and Gas News, Upstream
Oil & Gas Exploration Continues to Drive the Economy
Tungsten mega deposit

A Critical Mineral at a Critical Moment: The Importance of Restoring Domestic Tungsten Production in the U.S.

September 2, 2025
A Revolutionary Way to Understand Energy Customers

A Revolutionary Way to Understand Energy Customers

September 1, 2025

It is no secret that infrastructure in the oil and gas industry isn’t getting any younger. Climate change, urbanization, migration, and population growth put further strain on the assets that are required to deliver energy.

With aging infrastructure come certain risks. This can be in terms of poor compliance with environmental laws or even a potential failure to abide by the rules. These very risks constitute the key concern for energy utilities all over the world.

A report compiled by the Strategic Directions in the Electric Utility Industry found that the U.S. oil and gas infrastructure had nearly failing grades. These were because of the aging infrastructure.

InventU

Evaluating the Core Areas of Asset Management Programs

It’s not like these utility providers don’t realize the risks of aging infrastructure. The core problem lies in the evaluation of the risks brought forward by aging infrastructures while prioritizing individual strategies for rehabilitation. So how should these utility providers evaluate such risks towards replacement or repair?
One particular tool for identification, evaluation, and prioritization is to employ a formal asset management program. There are some utilities out there that employ only certain pieces of this complete package. Very few have the complete program in place.

A lot of oil and gas operators can be seen doing things like understanding how their risk increases as their infrastructure ages, assessing how this risk changes, and storing all the collected data. The problem, however, is that many of these organizations don’t understand that these assets aren’t just money in their bank. Instead, they are physical facilities that help them in providing a service that will bring forward the end product their customers demand.

This is why utilities have now begun to manage their operations in such a manner that they aren’t just considered as an asset. They are now considered as financial resources that will be able to replace their existing system when it has depreciated.

The Core Areas of Asset Management

The U.S. Environmental Protection Agency came up with its Best Practices for Asset Management which examines 5 core areas for every organization as a starting point. These core areas include:

  1. The current state of the assets
  2. The sustainable or required level of service
  3. Assets that are crucial in bringing forward a sustainable performance
  4. The costs of the assets’ minimum lifecycle
  5. The best funding strategies in the long-term

These 5 considerations are further split into the infrastructure’s current makeup and the assessment of risks involved. Where do we stand now and what are the likelihoods and consequences of possible failures? An assessment of these consequences will involve the safety, health, economic, and social effect of asset criticalities.

The very likelihood of asset failures is linked to the condition of the assets.

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Europe Nuclear Energy & SMR Conference (ENES2025)
    July 31, 2025
    Europe Nuclear Energy & SMR Conference (ENES2025)
InventU

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


NeverNude Coveralls: A Practical Solution for Everyday Dignity


Letter from the Managing Editor (Summer 2025)


Meeting Emergency Preparedness and Response Criteria


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


ENERGIES Cartoon (Summer 2025)


Energies Media Interactive Crossword Puzzle – Summer 2025


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


Why Energy Companies Need a CX Revolution


Moving Energy Across Space and Time


Bringing Safety Forward in Offshore Operations


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act

InventU
Gastech
  • Terms
  • Privacy

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • 3 Ways Technology is Going to Shape the Oil and Gas Industry
  • About Us
  • Advanced Technologies in Renewable Energy
  • Advertise
  • Cartoons
  • Case Studies in the Digital Transformation of Renewable Energy
  • Contact
  • Contributors
  • Digital Transformation Framework for Oil and Gas Operations
  • Digitalization and Smart Technologies in Oil and Gas
  • Digitalization and Smart Technologies in Renewable Energy Operations
  • Energies Digital Magazine
  • Energies Media
  • Energies Media Digital Magazine
  • Energies Media Magazine
  • Energies Media Magazine Archive
  • Energy Industry Events
  • Energy Markets Dashboard
  • Future Trends in Renewable Energy Technology
  • How Real-life Data Guides the Agility of Oil and Gas Companies
  • Navigating Careers in Oil and Gas
  • Navigating Careers in Renewable Energy
  • Newsletter
  • Oil & Gas Prices
  • Oilman Digital Magazine
  • Oilwoman Digital Magazine
  • Organizer Dashboard
    • Event Organizers
    • Submit Organizer Form
  • Press Releases
  • Prices & Marketcap
  • Privacy Policy
  • Puzzles
  • Quizes
  • Subscribe
  • Subscription Account
    • Access Restricted
    • Log In
    • Subscription Billing
    • Subscription Cancel
    • Subscription Checkout
    • Subscription Confirmation
    • Subscription Invoice
    • Subscription Levels
    • Your Profile
  • Team
  • Terms of Service
  • US Energy Media Kit
  • Venue Dashboard
    • Event Venues
    • Submit Venue Form
  • Webinars
  • Your Complete Guide to Essential Oil & Gas Industry Software

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.