offshore

Downtime is Lost Potential Revenue

Bartol Mag-Probe Can Dramatically Reduce Downtime Downtime Definition (Lost Potential Revenue)   The term downtime is used to refer to periods when a system is unavailable. Downtime or outage duration refers to a period of time that a system fails to provide or perform its primary function. Reliability, availability, recovery, and unavailability are related concepts. The unavailability is the proportion of a time-span that a system is unavailable or offline. This is…

Oil and Gas Worker Lay Offs Continue

Oil and Gas worker lay offs continue to rise as crude oil nears $40.00 per barrel.  Goldman Sachs raises the possibility of oil dropping to $20.00 per barrel.  With lay offs around the world at a record high of over 250,00 employees the oil and gas workers that remain must work more efficiently and use tools that…