Generally speaking, the petroleum supply chain can be referred to within the context of various component parts: (a) upstream or extraction, (b) midstream or storage, and (c) downstream including refining, transportation and retail. A quick look at the per barrel price of Brent crude from 2014 to the present demonstrates…
Edward Scott is the CEO of ElectrifAi, a leading U.S. based machine learning software company serving Fortune 500 and mid-sized enterprises. He has over 25 years of experience in the technology and private equity sectors. Scott started his career in Drexel Burnham Lambert and joined the Apollo Investment Fund in 1990. He was a partner at the Baker Communications Fund and held senior-level positions at Napier Park Global Capital and White Oak Global Advisors. Scott graduated from Columbia University and earned an MBA from the Harvard Business School with second-year honors.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.