The last several meetings that I’ve had with oil and gas industry executives have ended with a variation of the same question: now that we have reduced our costs to match commodity prices, how do we keep them from rising again?
What should the digital strategy be for today’s oil and gas services companies, exposed and buffeted by unbounded cost and productivity pressures? Not your dad's gameplan, that's for certain.
As your oil and gas organization sets out its digital roadmap, you will have to make some trade offs around your focus of time, resources and areas of investment. Here’s a few of the key trade offs that have been the subject of my recent conversations with industry leaders.
With all that’s changing in global energy, board conversations around the top table at oil and gas companies should be pretty interesting. What are they discussing?
What new disruptive business models will emerge that will drive powerful and systemic change in the oil and gas industry? What can oil and gas learn from other industries where collaboration is thriving?
Oil and gas companies have invested hugely in their enterprise resource planning (or ERP) technologies, but what is the future for these big backbone core systems in an increasingly digital world? This is the first in a multi-part series that will get under the covers of ERP systems and how they will evolve.
It’s customary at the dawn of a new year to make predictions you have no idea will come true. So what are my predictions at the dawn of 2017 for the world of digital oil and gas? This is tricky because it requires some predictions for oil and gas too. Here goes.
How might blockchain technology solve one of the most frustrating and costly problems of the digital oil and gas industry? The sector builds new assets constantly, but engineering documents and systems that are supposed to accurately depict as built asset do not, leading to substantial costs and waste for the oil and gas asset owner. Blockchain could be a solution.
Digital technologies in Oil and Gas Operations play an important role in ensuring compliance to government regulations and laws, industry standards, and internal company policies. But how does compliance contribute to improving the effectiveness of Oil and Gas Operations?
The media doesn't take Trump that seriously but does take him literally, whereas his followers take him very seriously but rarely that literally. This begs the question: which of the new Trump administration’s energy policies should Canada take seriously, which ones literally, and what should we all anticipate?
Drones (or autonomous equipment) should encounter a very receptive market in the oil and gas sector. Of all the digital technologies drones will deliver superior triple bottom line benefits. Moreover, it is in many oil and gas basins’ best interests to accelerate autonomy solutions. Here’s why.
Is there a way to apply digital tools to improve supply chain collaboration in oil and gas field services? Absolutely, and here’s how.