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    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    Carbon+Intel - DNV and energy majors launch JIP to develop low-pressure CO2 transport by ships

    MicroSeismic wins second Department of Energy grant for carbon capture and storage services

    Sempra, ConocoPhillips partner to launch Port Arthur LNG Project in South Texas

    LR green lights Rotoboost's pre-combustion carbon capture system

    LR green lights Rotoboost’s pre-combustion carbon capture system

    German Energy Regulator Does Not Dwarf Tough Road Ahead

    German Energy Regulator Does Not Dwarf Tough Road Ahead

    North Sea Hydrogen Pipelines Have A Huge Potential- Study

    North Sea Hydrogen Pipelines Have A Huge Potential- Study

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    EPA Urged To Keep Methane Emissions From Flares In Check

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

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    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

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    bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

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    OERA & ONHYM Reach Agreement to Enhance Offshore Energy Research & Development

    Santos receives major approval for oil and gas development offshore Western Australia

    Eni, Repsol press Maduro for more control to increase oil production from Venezuelan oil fields

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

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    Transocean secures offshore drilling rig contract from Wintershall and OMV

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    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

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    Aramco announces second quarter and half-year 2021 results

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Home Upstream Exploration Development

Digital Transformation of the oil and gas sector

Yuvraj_ong by Yuvraj_ong
April 21, 2017
in Exploration Development, Press Releases, Upstream
0

The oil and gas industry has always been seen as conservative and resistant to change but due to the recent drop in the oil prices, both the upstream and downstream companies are looking now at innovative ways to reduce CAPEX and increase production and safety to achieve operational excellence.

The digital technologies and IIoTare seen as the main way to a varied range of key benefits. In a recent survey published by GBC, the keynote speakers of the IIoT and Digital Solutions for oil and gas conference (OMV, Eni, Petronas and Halliburton) have mentioned that the mind-set change in integrating the IT in the overall business strategy and the breakdown of cultural and technical silos will leverage the speed of the opportunities in this sector and will deeply transform the legacy operations. This has a direct impact on the skills required in the future in the oil and gas industry as well.

It is a common agreement in the industry that Real time resource optimization, predictive maintenance, personalised service at the retails points and integration of the supply chain make a difference for both upstream and downstream operations. The best business decisions will be taken on the data generated in real-time from the projects. 

Interconnecting things, assets and people can translate in great opportunities for data storage, and cyber security companies. However, the majority of oil and gas companies want to make sure that security is not only physical but also deeply rooted in the overall IT architecture of the business. Among the challenges which come with this are the readiness of the IoT devices, the lack of standardization and the lack of information management inside and the slow adoption of Big Data technologies.

To rapidly progress in the digital journey, the four experts presented the technologies which are on the table of the oil and gas companies, such as: Wireless, fieldbus and open and secured systems, predictive analytics, machine learning, AI, IoT sensors, wearable devices and AR and VR.

Companies interested to hear more about the digitalization roadmpas of the oil and gas companies or would like to see technical demos of the solutions which can enable the companies approach the oil and gas projects in an entire new way, can join the IIoT and Digital Solutions for oil and gas conference, which will take place on 7-8 June in Amsterdam, at Okura Hotel.

OFFICIAL WEBSITE:  www.globuc.com/digitalsolutions

 

CONTACT: 
Elmira Gabidullina
Marketing Manager
Global Business Club Ltd
T: +44 (0) 845 868 8234
E: e.gabidullina@globuc.com

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