Latest technology oil gas industry
To support the new Oil and Gas Technology Centre – which has been awarded £180 million of government funding for the next ten years – in developing, testing and deploying new technologies. To oversee tech innovation throughout the industry, including performance benchmarking and knowledge sharing. Artificial intelligence. “Artificial intelligence (AI) is set to have the biggest technological impact on the oil and gas industry over the coming years,” according to Omar Saleh, Microsoft's oil and gas director for the Middle East and Africa, who spoke to CNBC. Oil and gas companies were pioneers of the first digital age in the 1980s and 1990s. Long before phrases such as big data, advanced analytics, and the Internet of Things became popular, oil executives were making use of 3-D seismic, linear program modeling of refineries, and advanced process control for operations. The use of such technologies unleashed new hydrocarbon resources and delivered operational efficiencies across the value chain. The latest upstream news and events from the oilfield industry, including oil rigs, drilling, oil fracking, and offshore and onshore projects. For full functionality of this site it is necessary to enable JavaScript. Not every company will reap the rewards equally, of course; but the industry as a whole is excited. Energy exploration and production is quickly becoming a technology-driven industry with the US
13 Oct 2019 The drive by oil-and-gas companies to cut costs has grown in importance “ Combining data and analytics can create new business models,” says Martin But by using the technology, Total hopes to get faster, more reliable
28 Sep 2018 Ten exciting companies will graduate from the inaugural Oil & Gas Technology Centre TechX Pioneers Programme. shale gas production and future production potential.5. These considerable changes result primarily from new technology developments in hydraulic fracturing. 6 Jan 2020 by Mr. Maxim Smolin, Train3 Deputy Project Manager, “Sakhalin Energy Investment Company Ltd.” “NOVATEK – new player on global LNG The importance of new technology for helping to overcome the obstacles to future development of the offshore oil and gas industry is well recognised 1. In the
The oil and gas industry is now at a pivotal point in its evolution and we are now on the cusp of a transformation. The rise of new technologies, coupled with the ongoing global push for a reduced environmental impact, is altering the industry.
Sustaining Profitability Using Advanced Technology. In a dynamic global industry like oil and gas, you need to manage costs, extract the most value possible 7 Jun 2017 Advanced technologies enable the oil and gas companies to access and obtain the products from the challenging conventional and 2 Jun 2019 The oil and gas industry often laments its evident talent gap, as older the industry's shift to new technologies that can streamline operations, 9 Jan 2020 Companies can also focus on using renewables and new technologies not just as a hedge against demand risk or to decarbonize their 30 Jun 2019 But the oil and gas industry isn't what it used to be — like all sectors, the industry needs to become more efficient and new tech tools and the 15 May 2019 Any new workload and innovation projects are mostly being taken up in the cloud , where IT is enabling infrastructure management, data
shale gas production and future production potential.5. These considerable changes result primarily from new technology developments in hydraulic fracturing.
To sustain their supply of crude oil or gas, these companies are not only looking to extend the life of mature sites but also seeking new sources with complex and 22 Feb 2020 Digital technologies are revolutionizing the energy industry, creating big opportunities Barclays said that the last 12 months have seen a “dramatic shift” in By some estimates, the addressable market for digital oil and gas The growing consensus is that the Oil and Gas sector is on the cusp of a new era. A second wave of business and digital technologies looks set to reshape it, extensive industry research acknowledges that Oil and Gas companies have fallen short in deploying new technologies at the pace of general technology
New technologies in the oil and natural gas sectors have enabled the explosion of production growth in the United States known as the Shale Revolution.
28 Sep 2018 Ten exciting companies will graduate from the inaugural Oil & Gas Technology Centre TechX Pioneers Programme.
The oil and gas industry has recently experienced one of its worst downturns, Streamlining of current operations through use of latest digital technologies;. FutureOn, a leading supplier of new technologies in oil and gas industry, offers a cloud based digital platform for enabling rapid visual workflows for your By providing access to the latest engineering research and technology, we enable petroleum engineers to optimize development and production as well as limit Digital technologies offer companies the opportunity to create new products quickly, Subscribe to receive the latest updates on Energy, Utilities, Oil & Gas. But despite challenges that include upstream volatility, midstream constraints, and industry consolidation, shifting customer demands and new technologies are Adoption of modern technologies in the O&G sector is not an uncommon thing. Various companies are providing advanced solutions and applications to the