GlobalData’s latest thematic report, “Augmented Reality in Oil and Gas,” highlights the increasing adoption of augmented reality (AR) technology in the oil and gas industry. AR is still evolving as a technology in the oil and gas industry and has the potential to disrupt the traditional operational functions over the next three to five years.
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The adoption of artificial intelligence (AI) and machine learning technologies has never been more critical. Due to COVID-19, many organizations need to find a new way of working. Ensuring production rates are reliable, if not increased, while limiting the number of personnel (in some cases down to 50%) is crucial. Critical infrastructure needs to be
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From finding new ways to safeguard the integrity of pipelines and reduce their environmental footprint to getting the best value for their resources, pipeline companies continue to make their mark innovating as part of their commitment to continuous improvement. Here are some ways pipeline companies are monitoring for safety and efficacy. High Fidelity Dynamic Sensing
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Add storm prep to the list of operations that big data analytics can help oil and gas companies improve upon. The need for optimization in this area has been underscored by the turbulent hurricane season of 2019, which resulted in 18 named storms. A report from The Press and Journal titled “Digitalization and big data
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Even as other industries are swept up in waves of disruption caused by technology, the energy industry has been slow to embrace change. However, the introduction of blockchain promises to speed things up and radically transform the industry’s processes and markets. A blockchain is a growing list of records (called blocks) that are linked using
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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
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The pipeline industry is evolving. The latest gadgets and technology are not lost on the oil and gas fields. In fact, the tech boom is very much a part of a pipeline crew’s everyday work life. According to a survey by Oil & Gas IQ, well over $8 billion was spent on the oil and
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Technology is transforming our society and culture, and the oil and gas industry is very much a part of the tech boom. According to a survey by Oil & Gas IQ, well over $8 billion was spent in the oil & gas industry on new tech, including mobile apps in the last few years. Let’s
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