IoT in The Oil and Gas Industry
The oil and gas industry faces technical challenges unique to its business, with hundreds of thousands of onshore and offshore wells distributed over wide geographic...
Technology
Digital Twin Technology Adds a New Dimension to Offshore Projects
Offshore makes a comeback. Bloomberg reports that investors expect offshore investment in 2019 to increase for the first time in five years. The greater offshore...
Technological Advances Cushion Oil Crisis
Marked by intensified volatility due to continuous sharp oil price fluctuations, the oil market experienced its longest and deepest slump in 2014-2016. However, following the...
Follow The Leader: Examining How Industry Giants Reduced Operational Costs By Going Digital
Last year’s tumultuous oil prices saw WTI and Brent both start the year at over $60 for the first time since 2014, the benchmark year...
The Trends in Pipeline Optimization
Technavio provided a report with supporting market research in January last year in order to shed light on the global situation of enterprise pipeline management...
The Role of Technology in Sustainable Long-Term Cost Reduction Initiatives
Among the most important challenges being faced by the oil and gas industry nowadays is the growing complexity of their supply chains. This is due...
Stress Engineering Services Receives OTC New Technology Award for its Condition Based Maintenance (CBM) of Drilling Riser Systems
HOUSTON – Stress Engineering Services, Inc., (SES) the global leader in consulting engineering services, has received an OTC Spotlight on New Technology (SONT) Award for its...
Quality AI is Transforming the Oil Industry
by Mark Le Dain
Quality governs what crude oil is worth and where it can be delivered. What is often described as a uniform commodity actually has a range...
Critical Success Factors for Field Service Apps
In 2018, America became the world’s top crude oil producer for the first time in 46 years, and the country is on track to become...
How Much Has the Oil Industry Been Robotized and What Would It Gain in Taking This Further?
The continuous changes in the oil industry lead us to start searching for new technologies, and one of these is the processes automation in oil...