Digitalization in Oil and Gas – Strategic Intelligence
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Digitalization in Oil and Gas Strategic Intelligence Report Overview
The oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital recently. Certain technologies, such as artificial intelligence (AI), blockchain, cloud computing, and others are now part of their daily routine. Field personnel are extensively using handheld devices, including phones and tablets, to gather data, make notes, and communicate with their team. These changes are aimed at cutting down the inefficiencies in workflows that would translate into lower costs and improved productivity.
The digitalization in oil and gas strategic intelligence report gives an in-depth insight into the theme and the ways it will impact the oil and gas industry. It further entails a deep-dive analysis of the industry, including key market trends that will shape the oil and gas industry over the coming years. The report gives an insight into the market players and the competitive landscape within the theme.
| Report Pages | 61 |
| Regions Covered | Global |
| Key Trends | · Industry Trends
· Technology Trends |
| Oil and Gas Value Chain | · Upstream
· Midstream · Downstream |
| Digitalization Value Chain | · Physical Layer
· Connectivity Layer · Data Layer · Services Layer · App Layer |
| Leading Oil and Gas Companies | · ADNOC
· BP · Chevron |
| Leading Equipment and Service Companies | · ABB
· Aker Solutions · Baker Hughes |
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Digitalization in Oil and Gas – Key Trends
The main trends that will shape the digitalization theme over the next 12 to 24 months are classified into two categories, namely industry trends and technology trends.
Industry trends: Enabling autonomous operations, predictive maintenance, ESG, cost optimization, data management, and worker training are the key industry trends impacting the theme.
Technology trends: Digital twins, robotics, cybersecurity, machine learning, wearable tech, and big data are the technology trends impacting the theme.
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Digitalization and Oil and Gas Value Chain Analysis
The oil and gas value chain is broadly divided into three main sectors; upstream, midstream, and downstream. The digitalization value chain can be sub-segmented into the physical layer, connectivity layer, data layer, services layer, and app layer. Digital technologies are utilized across nearly all segments of the oil and gas industry, with some technologies being more pivotal in certain areas.
The upstream sector experiences the most significant impact from digital technology adoption. This labor- and capital-intensive sector is particularly vulnerable to accidents while operating on margins that can easily fluctuate with global prices. Digital technologies enhance efficiency in critical upstream segments such as exploration, drilling, completion, and production.
Digitalization and Oil and Gas Value Chain Analysis
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Digitalization in Oil and Gas – Competitive Landscape
The key companies that will make their mark within the digitalization in oil and gas theme are as follows:
Leading oil and gas companies: A few of the leading oil and gas companies contributing to the digitalization theme are ADNOC, BP, and Chevron, among others.
Equipment and service companies: A few of the leading oil and gas contractors contributing to the digitalization theme are ABB, Aker Solutions, and Baker Hughes, among others.
Key Companies in Digitalization in Oil and Gas Theme
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Integrated Oil and Gas Companies Sector Scorecard
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.
- The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
- The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
- The risk screen ranks companies within a particular sector based on overall investment risk.
Integrated Oil and Gas Companies Sector Scorecard – Thematic Screen
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Scope
- This report highlights the growing role of digital technologies in the oil and gas industry.
- It identifies the most prominent digital technologies adopted by the oil and gas industry.
- It analyses the impact of digitalization on the oil and gas value chain.
- The report provides an overview of the competitive positions held by oil and gas companies, equipment and services companies, and technology vendors in the digitalization theme.
- It also provides digitalization case studies in the oil and gas industry.
Reasons to Buy
- Identifies and evaluates the prominent digital technologies adopted across the oil and gas value chain.
- Impact analysis of digitalization in the oil and gas industry.
- Overview of case studies highlighting the adoption of digital technologies in the oil and gas industry.
- Identify and benchmark key oil and gas companies using digital technologies in their operation.
- Identify and benchmark key digital technology providers; and equipment and services companies, offering digital technologies and services to the oil and gas industry.
Table of Contents
Frequently asked questions
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What are the key components of the oil and gas value chain?
The oil and gas value chain is broadly divided into three main sectors; upstream, midstream, and downstream.
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What are the main trends shaping the digitalization theme?
The main trends shaping the digitalization theme over the next 12 to 24 months are industry trends and technology trends.
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Which are the leading oil and gas companies contributing to the digitalization theme?
A few of the leading oil and gas companies contributing to the digitalization theme are ADNOC, BP, and Chevron, among others.
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Which are the leading oil and gas contractors contributing to the digitalization theme?
A few of the leading oil and gas contractors contributing to the digitalization theme are ABB, Aker Solutions, and Baker Hughes, among others.
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