Tech in Oil & Gas – Report Bundle (6 Reports)
Technologies are developing swiftly and have the ability to change business processes and add value. This rapid development of digital technologies over the last several years is starting to alter the method of working and over the next ten years, these innovations are likely to influence the development of the oil and gas industry.
As a part of this bundle, you will gain access to in-depth insights available in the following reports:
- Thematic Research: AI in Oil & Gas
- Thematic Research: Augmented Reality in Oil & Gas
- Thematic Research: Cybersecurity in Oil and Gas
- Thematic Research: Digital Oilfield
- Thematic Research: Digital Twins in Oil & Gas
- Thematic Research: Digitalization in Oil & Gas
Report 1: AI in Oil & Gas – Thematic Research
Artificial intelligence (AI) can harness the power of the exceptional quantities of data collected by oil & gas companies to deliver them from the downturn and position them for long-term success. The technology is already widely used in predictive maintenance models, hydrocarbon discovery, and operational streamlining. AI can help upstream operators negotiate the challenges presented by deepwater reserves and thus reduces both time and cost. AI is also used for improving production by making drilling safer. Furthermore, ML-powered predictive analytics are used to preempt equipment failures.
AI Value Chain
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Report 2: Augmented Reality in Oil & Gas – Thematic Research
AR technology has the potential to significantly disrupt the oil and gas industry within the next few years. The ability of augmented reality to facilitate remote assistance saves machine downtime and lengthy maintenance visits to sites. This technology is also beneficial for gathering knowledge from industry veterans before they retire and expediting the training process of younger members of the workforce. AR is currently predominantly used for remote collaboration within the oil and gas industry. The AR value chains in the sector include semiconductors, components, devices, platforms, and apps and content.
AR Value Chain
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Report 3: Cybersecurity in Oil and Gas – Thematic Research
COVID-19 caused a rapid increase in cyberattacks on oil and gas companies as cybercriminals exploited the disruption caused by widespread lockdowns. The digitalization of the industry has also heightened the sector’s vulnerability to cyber threats. As a result, leading oil and gas companies are fortifying their cybersecurity posture by investing heavily in this theme. Companies that maintain cybersecurity as a central tenet of their digital strategy stand to gain the most. The rapid digitalization of the sector significantly increased the attack surface for hackers boosting the need for robust cybersecurity.
Cybersecurity Value Chain
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Report 4: Digital Oilfield – Thematic Research
Digital oilfields enable oil and gas companies and oilfield service providers to remotely monitor and control critical activities at production facilities. These technologies aim to boost productivity and efficiency in exploration and production (E&P) by minimizing equipment downtime and improving hydrocarbon recovery. Digital oilfield technologies have gained momentum with the advent of the Internet of Things (IoT) as companies are looking to automate as many processes as possible to mitigate operational risks as well as labor risks. Technological innovations are the prime driving factor behind the increased pace of deployment in digital oilfields.
Digital Oilfield Applications
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Report 5: Digital Twins in Oil & Gas – Thematic Research
Digital twins will be key to improving the overall asset visibility of the oil and gas industry and identifying areas for cost reduction. It also ensures sustainable operations of the sector in the long run. Newer oil and gas projects are emerging as benchmarks in digital twin adoption. With crucial support from oilfield technology and service companies, digital twins are likely to become the mainstay for oil and gas operations in the coming years. Digital twins also enable project planners to efficiently manage workflows and resources to keep costs under control.
Digital Twins Value Chain
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Report 6: Digitalization in Oil & Gas – Thematic Research
The implementation of digital technologies such as artificial intelligence (AI), big data, cloud computing, cybersecurity, the Internet of things (IoT), and robotics in the oil and gas industry involves digitalization. It enables the industry to improve productivity and profitability by streamlining operations. These technologies can deliver actionable insights to extend the life of an existing oil and gas asset thus helping companies reduce their capital and operating expenditures. Furthermore, leading oil and gas players are increasingly collaborating with technology vendors in a bid to develop custom digital solutions that address their needs.
Benefits of Digitalization
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Key Players
Table of Contents
Frequently Asked Questions
The AI technology is widely used in predictive maintenance models, hydrocarbon discovery, and operational streamlining in the oil and gas industry.
The key AR value chains in the oil and gas industry include semiconductors, components, devices, platforms, and apps and content.
COVID-19 and the digitalization of the industry led to increased cyber threats in the oil and gas sector.
Technological innovations are the prime driving factor behind the increased pace of deployment in digital oilfields.
Digital twins will improve the overall asset visibility of the oil and gas industry, identifying areas for cost reduction, and enable project planners to efficiently manage workflows and resources.
The implementation of digital technologies such as artificial intelligence (AI), big data, cloud computing, cybersecurity, the Internet of things (IoT), and robotics in the oil and gas industry involves digitalization.
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