View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
May 4, 2022

Digital technologies are transforming oil and gas operations

Nowadays, an increasing number of oil and gas companies are upgrading their assets with digital technologies.

By GlobalData Energy

GlobalData’s latest thematic report, ‘Digitalization in Oil & Gas’, provides an overview of the adoption 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. It also analyses the impact of digitalisation on the oil and gas value chain.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

Adoption of digital technologies in oil and gas was initially sporadic, with a focus on select critical equipment and workflows. Shortage of skilled technicians, concerns over data security and cost-benefit uncertainty for adapting ageing assets have previously hindered the adoption of digital technologies.

Nowadays, an increasing number of oil and gas companies are upgrading their assets with digital technologies for long-term gains. Increased use of AI, Cloud computing, IoT and robotics is likely to transform the industry and create a synchronised ecosystem to meet future energy demands.

These technologies can deliver actionable insights for an oil and gas asset and help companies reduce their capital and operating expenditures. Minimising equipment downtime, while enhancing operational performance will remain the key objective of digitalisation. There is also a growing emphasis among oil and gas producers on digitalising workflows to enhance operational visibility for improved decision making. Concepts, such as digital twins and predictive maintenance are increasingly being modified to suit the different use cases of the oil and gas value chain.

Digital Technologies Benefits Oil and Gas

Leading oil and gas players, such as BP, Chevron, ExxonMobil, Equinor, Shell and TotalEnergies, are increasingly collaborating with technology vendors in a bid to develop custom digital solutions that address their needs. Digital technologies are vastly improving the oil and gas industry by streamlining processes and opening up new frontiers for operations.

Related Companies

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology