Reminders

Smart Oil & Gas

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TCS Oil & Gas Leadership Summit 2018

By Chris Niven

Tata Consultancy Services hosted senior industry executives and their peers at its Oil & Gas Leadership Summit at the Petroleum Club in Houston on January 25, 2018, and presented their strategic plans for 2018. This O&G Leadership Summit is a forum where TCS experts discuss how disruptive technologies can help O&G companies transform their processes, increase their ROI and reduce operating costs.


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This conference was held in Austin, where business, functional and technology professionals unite to embrace innovative solutions, fresh ideas and best-in-class strategies to improve on overall business performance. Designed for all industry segments and functions, Best Practices for Chemicals brings together senior leadership, decision-makers, business process owners, analysts, support teams, solutions providers and more to hear from SAP experts in an interactive environment that fosters collaboration between Eventful Conferences, ASUG and SAP, the conference is unique in its key focus on SAP solutions for the chemical industry.


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Accenture unveiled their latest technology solutions at the grand opening of its first Innovation Center in Houston. This is the first of 10 innovation hubs Accenture plans to open across the country. The idea is to focus on the strengths, culture and experience of the people and the businesses in a geographic region to help create an ecosystem for driving Innovation into strategic industries that leverage the core competencies of the local environment.


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Accenture unveiled their latest technology solutions at the grand opening of its first Innovation Center in Houston. This is the first of 10 innovation hubs Accenture plans to open across the country. The idea is to focus on the strengths, culture and experience of the people and the businesses in a geographic region to help create an ecosystem for driving Innovation into strategic industries that leverage the core competencies of the local environment. Digital Transformation (DX) is an important IT Initiative for all industries and companies are learning how to be competencies of the local environment.


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As part of GE’s Predix platform, Digital Inspection is developing as a key focus area for Predix’s product roadmap. As part of the focus, GE Digital is releasing Predictive Corrosion Management (PCM). PCM is as its name implies, a system to predicatively manage corrosion of pipes and vessels. In the Oil & Gas space, immense resources are spent planning inspections, manually conducting inspections, and trying to predict corrosive wear.


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10 Predictions for the Oil & Gas Industry

By Chris Niven

The IDC Energy Insights study presents the IDC Energy Insights analyst team's outlook for 2017, and the 24-months-and-beyond planning horizon, through the lens of the 10 predictions that make up, in IDC Energy Insights' view, the framework for IT and line-of-business decision makers' and influencers' planning and execution of technology-related initiatives in the year ahead.


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The IDC Futurescape: Worldwide Mining 2017 Predictions provides mining companies with the top 10 predictions and underlying drivers that we expect to impact mining companies' IT investments in 2017 and beyond. Technology leaders and their counterparts in the line-of-business (LOB) operations can use this study to guide their IT strategic planning efforts. Key themes woven into our worldwide mining top 10 predictions for 2017 include the need for digital transformation (DX), new ways of innovating, more integrated IT and operational technology (OT), business security, and rethinking the future of work. While the predictions offered here largely focus on the near term to midterm (2017–2020), the impact of many of these predictions will be felt for years to come. Most of our predictions refer to a continuum of change within the wider ecosystem of the mining industry and global economy.


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IBM announced the Watson Data Platform as a tool to help companies gain strategic value in Oil & Gas exploration.


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MIT is working with oil and gas companies on the next generation of remote underwater vehicle to has created a working prototype of an autonomous underwater vehicles AUV, with the goal of further developing it into a complete functional ROV, untethered for agility, with advanced functionality, and a complete communication system giving the human operator more data, analytics and greater flexibility and control to go where no man has gone before, and literally do what humans cannot deep below the surface.


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Development costs per well have generally increased from 2006 to 2012, demonstrating the effect of rapid growth and competition for drilling new wells. Since 2012, costs per well have decreased mainly because of; reduced overall drilling activity and improved drilling efficiencies and this trend should continue for the next couple of years as operators focus on operational excellence. https://www.eia.gov/analysis/studies/drilling/pdf/upstream.pdf



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