Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
  • Contact
No Result
View All Result
Energies Media
No Result
View All Result

Upstream Sector Emerging as the Epicenter for Industrial Internet Adoption

by Energies Media Staff
August 10, 2019
in News, Oil and Gas News
Upstream sector emerging as the epicenter for Industrial Internet adoption
Myron Bowling

A Critical Mineral at a Critical Moment: The Importance of Restoring Domestic Tungsten Production in the U.S.

A Revolutionary Way to Understand Energy Customers

The upstream sector is witnessing considerably more implementations of the Industrial Internet compared to other oil and gas sectors. This is driven by the need to reduce operational risks and maximizing returns from their assets through digitalization, according to GlobalData, a leading data and analytics company.

The company’s latest thematic report: ‘Industrial Internet in Oil & Gas’ reveals that the adoption of the Industrial Internet would enable companies in digitalizing oilfield operations and creating digital twins to reduce risks and optimize performance.

Industrial Internet has the potential to transform traditional processes and workflows and boost the technological capabilities of oil and gas firms. This could help them achieve two primary objectives: firstly, companies would be able to overcome operational challenges while venturing into new frontiers in search of hydrocarbon resources; and secondly, Industrial Internet adoption will improve productivity and efficiency, thereby strengthening market competitiveness in a challenging environment.

InventU
InventU

Ravindra Puranik, Oil & Gas Analyst at GlobalData, comments: “In general, adoption of the Industrial Internet would make organizations more dynamic and adaptable to external factors. This concept is expected to play a central role in simulation and modeling of projects against different market scenarios, optimizing inventory levels, demand forecasting, decision support, and logistics optimization, and setting up long-term objectives for an organization.”

Adoption of digital technologies has surged of late, largely as a reaction to the crash in crude oil prices. However, companies have been quite methodical in their approach to enable this transformation and ensuring maximum possible value can be derived through Industrial Internet implementations.

Puranik explains: “This is particularly evident in the case of digital twins, wherein companies have chosen fields that have recently entered into production or are on the verge, to allow for the integration of advanced sensors and connectivity with oilfield infrastructure for remote monitoring and analysis. To highlight one such instance, BP created a digital twin at the Claire Ridge project in the North Sea, which started producing oil in 2018. The company was assisted by WorleyParsons in the creation of a digital replica of the field.”

GlobalData’s thematic research identifies oil and gas companies, such as BP, Shell, Chevron, ExxonMobil, ConocoPhillips, Gazprom, Repsol, Equinor, Saudi Aramco, Sinopec, and ADNOC as the major players in the adoption of the Industrial Internet theme in the oil and gas industry. These companies are adeptly assisted by technology providers, such as Microsoft, IBM, Amazon, PTC, Cisco and Intel, which are gradually assuming leadership in delivering Industrial Internet solutions to the oil and gas industry.

Upstream sector emerging as the epicenter for Industrial Internet adoption

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Drones
    September 8, 2025
    Revolutionizing Renewable Energy with Advanced Drone Technology
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
LNG
Expo

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


Meeting Emergency Preparedness and Response Criteria


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


Energies Media Interactive Crossword Puzzle – Summer 2025


Letter from the Managing Editor (Summer 2025)


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


ENERGIES Cartoon (Summer 2025)


NeverNude Coveralls: A Practical Solution for Everyday Dignity


Why Energy Companies Need a CX Revolution


Bringing Safety Forward in Offshore Operations


Moving Energy Across Space and Time

InventU
TAMU
  • Terms
  • Privacy

© 2025 by Energies Media

No Result
View All Result
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
  • Contact

© 2025 by Energies Media