Are Oil Rigs Ready for a Digital Revolution?

 

The 50th annual Offshore Technology Conference took place in Houston, Texas this week. More than any year previously, exhibitors were exposed to new digital solutions that will transform the industry.

Digitization was the major theme of OTC 2019, with oil and gas titans showcasing their path to increased safety and efficiency.

“It’s no longer like the John Wayne movies where you’re throwing pipe around on the rig and that sort of thing. That will still happen, but I think (the industry) will be much more interesting,” David Bowman, Vice President of Business Development for the Expro Group said.

The digital transformation of oil and gas is bringing automation to the more repetitive and task-oriented jobs, allowing those early in their careers to take on more engaging roles. This revolution is also keeping the workforce in safer positions. As automation increases, fewer hands are needed on offshore rigs.

“People have to transform. (The industry) will get younger, more computer-savvy people into the business and that will open up a whole new set of skills and traits of people because they’ll be inspecting, they’ll be monitoring and bringing more thinking into it,” Bowman added.

The acceptance and eagerness to adopt digital, connected and cloud-based technologies is a sign that a historically slow-to-move industry is thinking about how it can better operate in an increasingly digital world.

This movement will also inject a reservoir of new data which will be used to give insight into what needs to improve from an operations standpoint.

Quicker than ever before, the energy landscape is shifting. There is still an unquenched thirst for oil globally, but emerging solutions like wind and solar power and proving to be more and more viable on a wide scale, forcing the oil and gas industry to place a premium on efficiency.

The signs were evident at OTC 2019 that the industry is well aware of what it needs to do to refine itself.

Make sure to submit your updates from the show to publications@marketscale.com or tweet to @EnergyMKSL

Follow us on social media for the latest updates in B2B!

Image

Latest

Women's empowerment
Seizing the Narrative: The Transformative Impact of Storytelling on Women’s Empowerment
April 19, 2024

With gender equality becoming a significant global agenda, the narrative around women’s empowerment is more relevant than ever. Amid rising awareness and shifting societal norms, women are increasingly seeking avenues for self-expression and empowerment. A recent study by the Global Gender Gap Report highlights that while progress is being made, substantial efforts are still […]

Read More
V2G technology
Plug into the Future: Decoding V2G for Utility Applications
April 19, 2024

Brian Rudy from Verizon IoT and Melissa Chan of Fermata Energy explore the cutting-edge potential of vehicle-to-grid (V2G) technology at DISTRIBUTECH 2024. Their discussion highlights how this innovation transforms electric vehicles into dynamic energy storage units, capable of stabilizing the grid by storing and discharging power as needed. This technology represents a significant shift […]

Read More
zero trust architecture
Secure Grid Modernization with Zero Trust Architecture
April 19, 2024

Ray Bauer of Verizon Business engages with Del Rodriguez from Palo Alto Networks at DISTRIBUTECH 2024. Rodriguez shares insights into the significance of cybersecurity within the utility sector, particularly in light of increasing cyber threats and the convergence of IT and operational technology (OT). Bauer and Rodriguez discuss Palo Alto Networks’ initiatives to enhance […]

Read More
private wireless networks
Private Wireless Networks
April 19, 2024

Verizon host Wayne Weeks discusses the evolving utility industry with John Gaster, CEO of KSI Data Sciences at DISTRIBUTECH 2024. Together, they explore how KSI focuses on harnessing data from remote sensing devices to enhance the safety, efficiency, and cost-effectiveness of utility operations. Gaster emphasizes the significant role of AI and machine learning in […]

Read More