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Oilfield Services Company Turn To Tech To Boost Profitability By Irina Slav - Apr 20, 2021, 5:00 PM CDT
Artificial intelligence, the cloud, robots - these are concepts and products we associate with the IT industry. But there is one notoriously traditional, slow to innovate industry that is now determined to make it part of their sector too. Oilfield service providers are looking to digital technology to help them weather the effects of the pandemic-induced sector crisis. In the process, tech may even make them more profitable.
It’s all about profitability, really. The pandemic will end sooner or later, and the world will return to something that at least resembles normal. Since oil will continue to be a fixture of this normal, oilfield service providers are going nowhere. And they are embracing digital technology like their fellow industry players from exploration and production.
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Using Pragmatic Analytical Tools to Advance Performance in Pipeline Companies Lee Laviolette, Managing Director & Global Oil & Gas Leader, Navigant Consulting
Lee Laviolette, Managing Director & Global Oil & Gas Leader, Navigant Consulting
For decades, executives asked, “What is the value of automation?” in areas like remote tank farms and manifolds. To many, making those investments was a leap of faith, a belief in keeping up with best practice more than justifying the expenditures through an ROI calculation. Recently, similar questions have often been raised about investments in big data management and advanced analytics. The most cynical have been heard to quip that, so far, the only people who have made money with big data are consultants.
Experts to discuss energy, climate change issues at IP Week 2021
DUBAI, January 28, 2021 Leaders and influencers from across and beyond the global oil and gas sector will convene virtually next month to discuss the three defining challenges of the coming decade – delivering a resilient recovery from the pandemic, universal access to energy, and getting on track for global net zero emissions. Held virtually from February 23 to 25, the speaker programme of the Energy Institute’s IP Week 2021 conference includes the CEOs of major oil and gas operators alongside high profile figures from elsewhere in energy, NGOs, academia and government, including those involved in COP26.