We live in an age of disruption. Our daily lives are being transformed through the application of robotics, artificial intelligence, nanotechnology, 3D printing and the internet of things.
Good data analysis can have a direct impact on operational efficiencies and the potential reduction in operating costs as well as improved production and hydrocarbon recovery.
A new business accelerator is being launched this week to help drive a digital revolution in the north-east economy.
Bad Data
A new initiative will save the UK oil and gas industry up to £250 million a year by streamlining the equipment procurement process.
As the CEO of a digital technology business, I frequently get asked what advice I would give to those looking to scale a digital business.
“Significant obstacles” remain in overcoming "silo mentalities" and bringing digital technologies to oil and gas, according to a new report from EY.
Harnessing the power of digital for business growth needs to be adopted across the whole of your business in order to grow. That holistic approach needs to start somewhere; could that starting point be your tax function?
Digital is disrupting many industries, and the upstream oil and gas industry is no exception.
The role of digital technologies in improving production efficiency offshore will be explored at an event organised by the Industry Technology Facilitator (ITF) later this month.
Around 175,000 manufacturing jobs could be created over the next decade under a "fourth industrial revolution" using advanced digital technology, a new report suggests.
In a recent World Economic Forum report, Accenture estimated that the digital transformation in the oil and gas industry could unlock approximately $1.6 trillion of value for the industry and wider society over the next 10 years. Watch the video to discover the primary areas where digital trends merge to drive the most value.
Oil and gas companies are putting their competitiveness to one side and are overcoming a reluctance to share data, an industry chief has said.
I have very much enjoyed a series of stories and quotes used in presentations and discussions in recent months, delivered to an audience today, for which there is as much relevance as when they were first written in the early 1970s.
Attend any industry conference and signs that the wider oil, gas and chemicals industries are starting to embrace digitalisation will soon become apparent. The audience is moving from predominantly information technology (IT) personnel interested in the bits and bytes of data, to that of production engineers or management keen to know exactly and practically how digital can save the day.
The oil and gas supply chain may have gone through a challenging few years, but the industry is on the cusp of another period of substantial change – one we’ve already seen take hold in other sectors. Digital transformation is opening up huge opportunities to operators, service companies, and suppliers – but it’s a double-edged sword.
AGR has joined forces with Netscenario to bring digital and automation expertise to firms across the oil and gas industry.
GE Oil & Gas has created a new Oil & Gas Digital Solutions business as well as the development on a new pilot program with BP.
