Mass scale technological breakthroughs have accelerated its influence on the industry, potentially transforming how hydrocarbon companies conduct their mostly still conventional business.
In many locations around the world, there are increasing numbers of unmanned aircrafts flying around offshore platforms, oil rigs and other sites, collecting HD videos and images that can detect potential infrastructure problems and cost around 80 percent less than traditional inspections.
From simple drone inspections, energy companies now have access to sophisticated data analytics and complicated algorithms that crunch and analyse gigabytes of sensor data for onshore and offshore sites, to flag potential problems that are missed by conventional means.
Moreover, rig-inspecting drones and autonomous vehicles are also being explored as not-too distant options as the industry tries to catch up with other areas of the global economy that have embraced the digital world earlier. Supercomputers, around 70,000 times more powerful than a laptop, can quickly process geological and seismic data, allowing energy companies to pursue significant savings amid low oil and gas prices. Roughly two-thirds of energy companies, according to a recent study published by Ernst & Young, have spent at least USD100 million on data analytics over the last two years, a tangible increase over the previous years. These technological innovations are part of an advanced push to incorporate the digital world into the oil and gas industry.
The sky is the limit as technological alternatives continue to increasingly undergo accelerated innovations. The industry's technological approach has been significantly boosted by the recent shale revolution, which is driven by various technology advances in drilling techniques, application of new materials, data crunching and related improvements aimed at making the sector more agile to global oil and gas price fluctuations. While undoubtedly focused on shedding costs, energy companies continue to increase their commitments in embracing technologies.
Against such a backdrop, 19th Asia Oil & Gas Conference (AOGC 2017) with the theme “New Reality – Driving a New Approach”
is poised to bring together decision makers, regulators, technological
trailblazers and policy makers under one roof in order to exchange strategies
and strengthen collaborations to advance the industry. Taking place from 7th to the 9th of May
2017 at the Kuala Lumpur Convention Centre, AOGC 2017 is expected to host
at least 2,000 participants from all over the world, and is strategically
positioned to become a cradle where industry leading initiatives and innovative
leadership moves are prioritised and propagated.
For more information, visit www.aogc.com.my
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ParamountEnterprises with a renowned brand .PARENTNashik is an ISO 9001:2015 certified company, listed in major leading manufacturers, suppliers & exporters of resistance spot welding consumables, spares, weldparts in Nashik – India.
PARENTNashikis younger energetic, with highly skilled engineering group having extensive more than 2-decade experience in resistance spot welding supplies and installed latest technology machining facility at works, manufacturing all sorts of resistance gun spot welding spares &consumables.
Product know-how more than 20 years of experience in resistance spot welding
Design, optimization & production of special spares, parts
Products that meet all international quality standards & requirements.
Productionline having next-generation CNC machinery.
Express production service available
Resistance Welding Consumables &Spot Welding Gun Spare WeldParts Offered:-
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.PARENTNashikalso offers variety of unique refractory metals for resistance spot-welding like Elkonite- Tungsten, Tungsten copper, molybdenum,graphite, TZM tipped electrodes.
Presentlysatisfied customers are in India, Malaysia, Middle East, Europe-France, Spain, Italy, and USA.
Headline crude prices for the week beginning 16 September 2019 – Brent: US$69/b; WTI: US$63/b
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