New Technologies in the Oil and Gas Industry


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Data can now be gathered, processed and communicated far more quickly and efficiently. New computing technologies reduce the amount of data being sent for processing and allows for quicker synthesis and increased responsiveness.

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Hardware can now go beyond monitoring and reporting - emerging computing technology allows for instant data processing; facilitating real time response and action. The potential this new computing power offers in terms of sustainable automation, with reduced operational costs, quicker deployment of new services and cost-effective scalability make low margin, low volume wells and new exploration more feasible and cost effective. This new event will showcase how emerging computing technologies can further streamline the oil and gas industry and create significant OPEX reductions and improve safety across operations.

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The next frontier for digital technologies in oil and gas | McKinsey

The exponential increase in data through IoT innovations has led to the development and adoption of new computing solutions, including:. The Emerging Computing Technologies in Oil and Gas conference follows a long series of successful oil and gas technology events from the Energy Conference Network, including:. Blockchain in Oil and Gas Machine Learning in Oil and Gas IoT in Oil and Gas Oil and Gas Technology Gamechangers The industry has been recycling the majority of this water for decades roughly 80 to 95 per cent each year but in an effort to further improve, cleantech companies have begun to rethink the extraction process and its relationship with water altogether.

One of the results of a national focus on transforming the oil and gas industry is increased transparency.

Working to improve such an important industry is difficult because we must simultaneously consider our environmental health and our wealth as a nation. Technology has also furthered industry transparency.

The future of oil and gas: Eight bold industry predictions

Montreal-based GHGSat , for example, can track global greenhouse gas GHG emissions from any industrial site in the world using a high-resolution satellite. Manitoba-based HD-Petroleum , for example, has created small-scale waste-oil micro-refinery units that transform used oil into diesel fuel. The cost of implementing this technology is relatively inexpensive and the recycling process substantially reduces GHG emissions when compared with more traditional oil disposal methods.

Using this sort of reselling tool, oil and gas producers are able to give old equipment new life.

Technology can light the way, but do you know where you’re going?

Cleantech is not simply meant to make the oil and gas industry greener, it is also meant to make the industry better. The oil and gas sector has, from its outset, always been wide open to innovation and every kind of modern technology. Technological advances have constantly shaped and re-shaped every stage of the industry, from exploration right through to final usage. Lately, t he combination of horizontal drilling and hydraulic fracturing or fracking techniques has allowed the commercial exploitation of the massive unconventional oil and gas resources, particularly in the United States, that were previously considered uneconomic.


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This has pushed the fear of the world running out of oil the so-called peak oil supply , which dominated the first decade of this century, at least a couple of decades further down the line. The View From the Industry. The recent survey presented in the Newsweek Vantage report Technological Frontiers in the Oil and Gas Industry demonstrates the overriding perception in the oil and gas industry that competition is a driver, not a threat.

There is no reason why the oil and gas sector should be in collision with the age of renewables, with world emissions restraint, with electrified transportation or major changes in energy use or the pattern of energy demand. Ahead lie many more developments. The pressure for new methods is constant, and the opportunities are widening all the time.

New Technologies in the Oil and Gas Industry New Technologies in the Oil and Gas Industry
New Technologies in the Oil and Gas Industry New Technologies in the Oil and Gas Industry
New Technologies in the Oil and Gas Industry New Technologies in the Oil and Gas Industry
New Technologies in the Oil and Gas Industry New Technologies in the Oil and Gas Industry
New Technologies in the Oil and Gas Industry New Technologies in the Oil and Gas Industry
New Technologies in the Oil and Gas Industry New Technologies in the Oil and Gas Industry

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