Research conducted by DNV GL has revealed that the oil and gas sector is looking to digital technology to provide the long-term efficiency and productivity gains needed to stay competitive. We’re joining forces with companies across the supply chain to break down technical, cultural and organizational barriers to digitalization for enhanced safety, cost efficiency and sustainability. Digitalization in the oil and gas sector. The so-called ‘Internet of Things’ is where objects and equipment, such as sensors, interconnect and transmit digital information. It generates vast volumes of data (’Big Data’), arriving at high speed (’velocity’) in varying formats (’variety’) with various degrees of reliability (’veracity’) This is just one of several ways that oil and gas companies still wrestle with their management systems. Over the past two decades, these systems have proven the most promising approach for achieving operational excellence and instilling a culture of continuous improvement in oil and gas companies.

Digitalization in the oil and gas sector. The so-called ‘Internet of Things’ is where objects and equipment, such as sensors, interconnect and transmit digital information. It generates vast volumes of data (’Big Data’), arriving at high speed (’velocity’) in varying formats (’variety’) with various degrees of reliability (’veracity’) This is just one of several ways that oil and gas companies still wrestle with their management systems. Over the past two decades, these systems have proven the most promising approach for achieving operational excellence and instilling a culture of continuous improvement in oil and gas companies. The rapid progress of technology such as big data and analytics, sensors, and control systems offers oil and gas companies the chance to automate high-cost, dangerous, or error-prone tasks. Most oil and gas operators are starting to capture these opportunities and would do well to accelerate their Digital transformation in the oil and gas industry is already a fact of life. In the present climate, the quest is not only for volume, but rather for value. Oil companies need to make money in a Oil and gas companies were pioneers of the first digital age in the 1980s and 1990s. Long before phrases such as big data, advanced analytics, and the Internet of Things became popular, oil executives were making use of 3-D seismic, linear program modeling of refineries, and advanced process control for operations. Digital Transformation Strategy Advances in Oil and Gas Firms like Netflix have had a solid digital transformation strategy. Now, industrial companies, including in the O&G sector, are on a similar, if less dramatic, trajectory. Technology, Strategy and People: Becoming a Digital Oil and Gas Company Although most oil and gas companies are closely focused on preserving margins to weather the low-price storm, many are also looking ahead and thinking about how digital technologies and data analytics will transform their industry.

Digitisation is a hot topic within the oil and gas sector. It is the topic at every conference and briefing but it is hard to judge how well it is being adopted and whether the sector is deriving the promised benefits.

Digital Acceleration in the Downstream Oil & Gas Industry. There are a range of economic benefits for several digital acceleration strategies but the objectives  13 Feb 2019 Digital transformation is no longer simply a future option for oil and gas digital transformation, but the oil and gas sector has lagged behind. of strategic technology systems on which advanced approaches can be applied. As an example of how important digital strategies should be for oil and gas companies, Brazil's Petrobras, currently going through a strategic reset, views digital  Gas and oil are among Shell's top products, but the company also offers biofuels, hydrogen and other products, and it operates an oil and chemicals trading  Do you think the hype and promise around digitalization in the oil and gas sector are is critically important, and it is more than just setting a digital strategy.

10 May 2019 the oil and gas sector has been in dire need of digital operations for decades – but the cost and difficulty of properly implementing a strategy 

3 May 2018 Most of today's digital initiatives in oil and gas are incremental rather than Therefore, the previous “wait for them to come to us” strategy for  24 Jul 2019 Former BP Exec Drills Into Oil-and-Gas Sector's Digital Landscape on companies to invest in scalable digital strategies and ecosystems that  Innovators in oil and gas, digital business and IT will deliver keynote Resources, Microsoft; Philip Potloff, Head of Enterprise Strategy, Amazon Web Services; 

Building Digital Spine of Oil & Gas Enterprises for Competitive Advantage. A core digital strategy is critical for success in Business 4.0TM world. Building a digital 

Industry professionals will appreciate the authors' approach to developing a digital strategy from the bottom up, avoiding pitfalls from the tempting short cuts,  1 Apr 2019 The digital twin framework enables operational excellence by helping oil and gas operators and owners take a model-focused approach that 

13 Nov 2017 In this era of low oil & gas commodity prices, improvements to process Learn strategies regarding how to succeed in this new, more digitized 

4 Apr 2018 at the 2018 Offshore Technology Conference (OTC), Emerson's Jonas Berge will present, Digital Transformation and IIoT for Oil and Gas  28 May 2018 Keywords: case studies, digital, energy, gas, oil, portfolio, productivity, strategy, systems thinking, technology, transformation, value-chain. 13 Nov 2017 In this era of low oil & gas commodity prices, improvements to process Learn strategies regarding how to succeed in this new, more digitized  17 Jan 2017 Oil and gas executives responsible for offshore operations should work with their technology teams to create a digital strategy to reduce  Digitalization is the buzzword on everyone’s lips in the oil and gas sector. It is seen as the remedy for all the industry’s problems from operational efficiency, safety and lack of visibility. But it is also being heralded as a solution to the industry’s constant struggle to recruit the young, tech-savvy workers that it needs.

13 Feb 2019 Digital transformation is no longer simply a future option for oil and gas digital transformation, but the oil and gas sector has lagged behind. of strategic technology systems on which advanced approaches can be applied. As an example of how important digital strategies should be for oil and gas companies, Brazil's Petrobras, currently going through a strategic reset, views digital  Gas and oil are among Shell's top products, but the company also offers biofuels, hydrogen and other products, and it operates an oil and chemicals trading  Do you think the hype and promise around digitalization in the oil and gas sector are is critically important, and it is more than just setting a digital strategy. 16 May 2019 Where and how is digitalisation likely to impact upstream oil and gas? of the biggest oil and gas companies are saying to realise the strategic  Industry professionals will appreciate the authors' approach to developing a digital strategy from the bottom up, avoiding pitfalls from the tempting short cuts,  1 Apr 2019 The digital twin framework enables operational excellence by helping oil and gas operators and owners take a model-focused approach that