Each sector of the oil and gas industry will have to adjust and reset following the historic oil price war coupled with the global COVID-19 pandemic, according to RelaDyne Reliability Services vice president Scott Hill.
In this interview with Hart Energy’s Jessica Morales, Hill discusses how technology and predictive and preventative maintenance are being pushed to the forefront as oil and gas companies navigate these tumultuous times.
“It is of the utmost importance that these industrial clients really utilize technology,” he said. “We are really having to get engaged and take a look at what is out there, what works when you are looking at a reduced staff and a reduced head count in a plant but you still have a lot of equipment that is running, how things can be automated and the predictability.”
In November 2010, four businesses—Mid-Town Petroleum Inc. (Bridgeview, Ill.); Oil Distributing Co. (Cincinnati, Ohio), The Hurt Co. Inc. (Houston), and Pumpelly Oil Co. (Sulphur, La.)—joined forces to form RelaDyne.
“[In 2010,] the industry for petroleum marketers had not really seen any consolidation,” Hill said. “It seemed like the market was ready for a unified approach. These four marketers came together to form what was the beginning of RelaDyne.”
Hill began his career in 1991 in the lubricant and fuels sales department with Hill Oil Co., a family-owned company founded in 1946 which was acquired by RelaDyne in 2011.
Jump to a topic:
- Hill Oil Co. (0:27)
- RelaDyne’s origin (1:07)
- Navigating the downturn (3:04)
- Importance of predictive maintenance (5:13)
- Industry’s path forward (6:33)
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