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How Offshore Wireline Lift Frames Improve Efficiency and Safety in Oil Rig Operations

Strategy Driven

Increased Safety In addition to reducing rig up time, offshore wireline lift frames enable safer operation by separating CT operations from drill floor operations. This means more work can be done in a shorter period, saving costs by reducing rig days for plug and abandonment operations.

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How to Choose a Reliable Partner for Offshoring

CEO Insider

While running an operations service company for software R&D centers in Ukraine, I’ve seen enough companies fail to properly set up teams abroad at the beginning. Vendors who lacked transparency and/or couldn’t live up to contractual expectations were usually to blame.

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The Long-Term Costs of Wind Turbines

Harvard Business Review

Increasing evidence suggests that although larger turbines can capture more energy, at a certain point the costs of maintaining and decommissioning large turbines located far offshore will outweigh the benefits of that energy capture.

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How Co-Nationals Can Help Firms Thrive When Moving Overseas

The Horizons Tracker

Rather than those jobs going to un- or under-employed locals, the jobs often get offshored to places where the talent exists. The findings emerged from an analysis of the thousands of foreign firms operating in Russia. It’s a logical finding, but the researchers wanted to test the impact of doing this on profits.

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Make Customers Happier with Operational Transparency

Harvard Business Review

Ryan Buell, associate professor at Harvard Business School, says the never-ending quest for operational efficiency is having unintended consequences. When customers don’t see the work that’s being done in back offices, offshore factories, and algorithms, they’re less satisfied with their purchases.

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Taking a Look at the Future of Oil and Gas Industry

Strategy Driven

What is more, the adoption of new technologies will facilitate oil and gas operations. Even offshore drilling hasn’t delivered on its potential yet. Adoption will take operational efficiency to the next level and across the entire lifecycle. Internet of Things (IoT) sensors and drones will enable remote monitoring of operations.

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Research: Don’t Offshore Your R&D

Harvard Business Review

Just because a company can offshore some portion of its operations doesn’t mean it should. That appears to be the case with the offshoring of research and development, according to a new paper from the Center for European Economic Research.