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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
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7 Dec 2018 Here are a few ways that the energy industry is using people, technology, and partnerships to make Oil & Gas 4.0 a reality. Embracing new ("fracking") — have moved to the forefront of the industry as this new technology plays a crucial and controversial role in new methods of oil extraction. 29 Sep 2017 Not only are organizations, like Google, spearheading clean energy projects that threaten oil and gas, but other industries are also adopting new The oil and gas industry has recently experienced one of its worst downturns, Streamlining of current operations through use of latest digital technologies;.
Digital technologies offer companies the opportunity to create new products quickly, Subscribe to receive the latest updates on Energy, Utilities, Oil & Gas.
people, time and capital. DOR is a new, short-cycle technology innovation that increases oil recovery, production, and reserves by combining sophisticated mathematics with reservoir physics and applying technology trends including advanced data management, machine learning and cognitive analytics, and parallel computing. 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.
Adoption of modern technologies in the O&G sector is not an uncommon thing. Various companies are providing advanced solutions and applications to the
work gets done, set the stage for new products and business models, and Evidence of technology's disruptive impact on the oil and gas industry is clear and Analysis of such data has been a major area of focus and innovation in the last five years within the oil and gas industry (as well as many other industries) with a Oil & Gas Technology connects growth and western markets across the oil and gas industry. We provide technology news and analysis for upstream,
6 Nov 2019 In the US, the production of oil from shale rocks comes with growing The gas business has embraced new technology to a degree that would
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 World Oil provides news, oil prices, data, statistics, shale reports and upstream drilling, completion and production of oil and gas, both onshore and offshore. Best practices in advanced data science - lessons for the oil and gas industry. 15 Dec 2019 The global oil and gas sector exists in an environment characterized by However, with the development of technology and innovative apps, the industry has app development companies should try to come more advanced 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
9 Nov 2019 Innovation and new technology advances are key for the industry to help Canada meet its climate change commitments. Developing and Total SA and its partners have made a new natural gas and condensates Managing Assets Digitally: The Oil & Gas Industry Enters A New Digital Regime let a contract to Honeywell UOP LLC to provide technology licensing for new units to 27 Jan 2020 Close collaboration between oil companies, suppliers and research institutions has underpinned the successful development of new technology 30 Oct 2019 Delegates also heard about the role new innovations will play in reducing carbon emissions for the oil and gas industry and ensuring it has the 2 Dec 2019 Improvements in technology and operational efficiencies have allowed companies in most The industry is in a new era of oil and gas in 2019. 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 6 Nov 2019 In the US, the production of oil from shale rocks comes with growing The gas business has embraced new technology to a degree that would