HomeMagazine2017June 2017, Vol. 244, No. 6Reliability Rescue: Converting Compliance into Competitive Advantage

June 2017, Vol. 244, No. 6

Features

Reliability Rescue: Converting Compliance into Competitive Advantage

The oil and gas pipeline industry is increasingly encumbered by regulations with respect to the integrity and care of engineered assets. Constraints, directives and regulations from the Pipeline and Hazardous Materials Safety Administration (PHMSA) division of the Department of Transportation (DOT), the Environmental Protection Agency (EPA) and the American Petroleum Institute (API) are just a few of the regulatory and standards bodies that continue to heap restrictions on the industry. Additionally, ISO 55000, based largely on the British Standards Institutes PAS 55 standard), addresses engineered asset management (EAM) that will at some point create at least latent risk and liability for

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