Due to the nature of uncertainty in the oil and gas industry, it is necessary for operators to find solutions to increase production and improve operational efficiency at low costs. This is besides the new urgent need for decarbonizing the industry in order to overcome climate change. At the time of digital transformation, one of the latest new technologies that can play a key role in this regard is edge computing.
New Technology is an effective way to develop solutions for carbon emissions reduction initiatives. Carbon sequestration is a good example in which carbon is kept in its solid or liquid forms and separated so that it does not harm the environment. Carbon Capture, Utilization, and Storage (CCUS) technologies are some of the most popular technologies used recently to mitigate carbon dioxide (CO2) emissions.
In the shadow of the global oil crisis and the high prices and demand, oil producers are scrambling for new and innovative technologies to increase production and overcome this challenge. Artificial lift is one of the most important methods used to withdraw oil from wells and its developed technologies help in increasing production.
Gas flaring is generated by the combustion of gas coming from many industries including oil and gas recovery and petrochemical products. Advanced technology presented several solutions to overcome gas flaring and even use it for productive purposes, especially during the time in which natural gas plays a key role in the transition into clean energy. The World Bank (WB) stated that the amount of gas flared each year is currently estimated at 144 billion cubic meters (bcm) which can provide electricity to the whole of Sub-Saharan Africa.
Just as many other industries around the world, the oil and gas industry, has recently passed through several crises, including the consequences of COVID – 19 pandemic, prices fluctuation, and the impact of the Russian–Ukrainian war. Many of these industries resorted to advanced technologies to respond to or mitigate the effects of such crises. The convergence of Information technology and operation technology (IT/OT) has become one of the growing trends in the oil and gas sector in this regard as it can enable businesses to close the gap between traditional systems that support the OT and modern IT layers.
If the oil and gas industry to humanity can be thought of as the heart of the body, then the pipeline industry is an intricate network of blood vessels that feeds humanity’s energy needs. When one or the other fails, the results can be cataclysmic. Energy security can only be realized through excellence in asset protection, which is at the center of all the global environmental and economic challenges that humanity has had to address for many years. Asset protection is also a foundational element in maintaining the integrity of the infrastructure that keeps the oil and gas industry running like clockwork which will ultimately determine the well-being of human communities and ecosystems alike. The pipeline industry is a fundamental part of this process, ensuring that essential hydrocarbon resources reach their markets without inflicting damage.
Using Drones in the oil and gas industry enables safe operations and efficient processes. Through unmanned aerial vehicles (UAVs), also known as drones, oil and gas firms are able to boost inspection quality and improve safety. Drones can be used in many oil and gas applications and benefit energy operators. Whether it is for upstream monitoring, or for downstream maintenance, drones are among the most efficient, cost-effective ways to do business in the oil and gas industry.
Continuous learning and training for employees in any organization are crucial to encourage competitiveness. The importance of continuous learning has even increased recently, especially in light of the use of advanced technology and the huge amount of data. In the oil and gas, continuous learning is a key factor for boosting developments and raising efficiency.
Pipe leaks in oil and gas have been and remain to be one of the most formidable threats to not only businesses, communities, and the natural environment, but to the well-being of the sector itself. Asset protection has become an essential component for the natural gas industry’s economic health, as pipelines and equipment are at the mercy of the elements.
Manufacturing Execution Systems (MES) incorporate manufacturing facilities, operational technologies such as supervisory control and data acquisition (SCADA), and computing systems. Engineers seek methods to monitor and regulate the ongoing operating processes in oil and gas equipment manufacture since the operations are complicated.
