The debate about whether digital innovations are material to the energy industry is now well and truly over. Capital markets increasingly demand meaningful action on energy transition, and the pandemic has forced the oil and gas industry to invent new ways of working with lightening speed. And it has succeeded, with virtually no widespread interruptions in energy supply throughout the pandemic. Prices are now rebounding with vigor as society accelerates out of its The question now is how to accelerate the implementation of digital capabilities and fully capture their impacts.
My latest book covers the state of the energy industry, the nine leading technologies behind the digital wave for energy, a dozen emerging new business models poised to disrupt the status quo, and the impacts on the most important resource—people. Backed up with 9 industry case studies and 180 reference sources, ‘Carbon, Capital, and the Cloud’ is the go-to resource for digital transformation leaders in heavy industry.
Recent low prices, rapidly growing alternative fuels like renewables, the permanent swing from peak oil to super abundance, shifting consumer preferences, and global pressures to decarbonize suggest a challenged industry for the foreseeable future. Digital advances offer ways to lower costs of production, improve the productivity of the industry, reduce carbon emissions, lower the energy intensity of industry, and regain public confidence. Await-and-see attitude to digital innovation has failed many industries already, and the leaders of the oil and gas industry urgently seek guidance on how digital both disrupts and enhances their industry.
Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas sets out the reasons why adoption is slow, describes the size and scale of both the opportunity and the threat from digital, identifies the key digital technologies and the role that they play in a digital future, and recommends a set of actions for leaders to take to accelerate the adoption of digital in the business.
Written from an independent and expert perspective, Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas addresses the impacts of digital across the breadth of the industry—from onshore to offshore, from upstream to midstream to integrated—and outlines a roadmap to help the decision-makers at all levels of the industry take meaningful action toward promising and rewarding digital adoption.
Machine Learning and Data Science in the Oil and Gas Industry explains how machine learning can be specifically tailored to oil and gas use cases. Petroleum engineers will learn when to use machine learning, how it is already used in oil and gas operations, and how to manage the data stream moving forward. Practical in its approach, the book explains all aspects of a data science or machine learning project, including the managerial parts of it that are so often the cause for failure. Several real-life case studies round out the book with topics such as predictive maintenance, soft sensing, and forecasting. Viewed as a guide book, this manual will lead a practitioner through the journey of a data science project in the oil and gas industry circumventing the pitfalls and articulating the business value.