A Digital Journey: the Transformation of the Oil and Gas Industry

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Publisher :
ISBN 13 : 9781791890902
Total Pages : 351 pages
Book Rating : 4.8/5 (99 download)

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Book Synopsis A Digital Journey: the Transformation of the Oil and Gas Industry by : Jim Crompton

Download or read book A Digital Journey: the Transformation of the Oil and Gas Industry written by Jim Crompton and published by . This book was released on 2019-01-02 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industry professionals will appreciate the authors' approach to developing a digital strategy from the bottom up, avoiding pitfalls from the tempting short cuts, to deliver data the business needs to gain a sustainable competitive advantage. Best practices are identified from an organization, process, and technology perspective, providing insight into how companies should prepare for and begin the digital journey. It is apparent to everyone within the Industry that significant changes are underway. These changes are being driven by the need to operate more efficiently and with fewer people. Picture a general flow of getting more for less, but on steroids! A catalyst for this change has been the application of digital technology, wherein lies a new focus on data science and analytics. This is starting to result in real and significant improvements to overall business performance for some operators. While big data and analytics get most of the attention, it is only one aspect of a broader movement that is popularly referred to as the Digital Transformation and which we have categorized as the Digital Oilfield 2.0; the next phase of the Digital Transformation. One critical aspect of the Digital Transformation that typically gets overlooked is the need for effective data management across the full Well lifecycle. The result of this lack of focus on the fundamentals is that many big data and analytics projects fail to deliver fully on the promised benefits with the occasional spectacular failure. In this book, the authors investigate and analyze the industry and technology trends that are driving the next phase of the Digital Transformation. They break this down into the component parts and present a framework for building an effective master data management platform and organization - it is not just about the technology. Combining this framework with best practices gathered over decades in the business, the authors present an approach to building out a Digital Strategy to help companies that are struggling to define their own journey towards a Digital Transformation.

Digital Transformation in the Oil and Gas Industry

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis Digital Transformation in the Oil and Gas Industry by : Kelsey Lynn Prestidge

Download or read book Digital Transformation in the Oil and Gas Industry written by Kelsey Lynn Prestidge and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The digital transformation is proving to be a significant force for change globally and is especially true in the oil and gas industry. Many in the oil and gas industry struggle to understand what a digitally transformed future will look like. This thesis aims to explore the oil and gas digital transformation, its challenges, and potential solutions. By using this approach, organizations will be able to establish their organizations' current state (or baseline state), allowing them the opportunity to benchmark against what their future state will look like in the digital transformation environment. As oil and gas operators begin to contemplate the implications of their digital transformation and the coming changes to the upstream sector, all the key stakeholders must be engaged closely with the ecosystem to adapt to the disruptive trends. In the age of digital, oil and gas operators will also need to focus more on establishing partnerships that help promote technology innovation not only within their organizations but also within their business partners' organizations. Digital transformation will push the oil and gas industry out of its comfort zone. Oil and gas operators must prepare to embrace the discomfort to compete in the future.

Bits, Bytes, and Barrels

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Publisher : Madcann Press
ISBN 13 : 9781999514907
Total Pages : 290 pages
Book Rating : 4.5/5 (149 download)

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Book Synopsis Bits, Bytes, and Barrels by : Geoffrey Cann

Download or read book Bits, Bytes, and Barrels written by Geoffrey Cann and published by Madcann Press. This book was released on 2019-01-08 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil and gas industry is at a crossroads. Recent low prices, rapidly growing alternative fuels like renewables, the permanent swing from peak oil to super abundance, shifting consumer preferences, and global pressures to decarbonize suggest a challenged industry for the foreseeable future. Digital advances offer ways to lower costs of production, improve productivity, reduce carbon emissions, and regain public confidence. A wait-and-see attitude to digital innovation has failed many industries already, and the leaders of oil and gas urgently need guidance on how digital both disrupts and enhances their industry. Written by the world's leading experts on the intersection of digital technologies and the oil and gas industry, Bits, Bytes, and Barrels sets out the reasons why adoption is slow, describes the size and scale of both the opportunity and the threat from digital, identifies the key digital technologies and the role that they play in a digital future, and recommends a set of actions for leaders to take to accelerate the adoption of digital in the business. Providing an independent and expert perspective, Bits, Bytes, and Barrels addresses the impacts of digital across the breadth of the industry--from onshore to offshore, from upstream to midstream to integrated--and outlines a roadmap to help the decision-makers at all levels of the industry take meaningful action toward promising and rewarding digital adoption.

Intelligent Digital Oil and Gas Fields

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Publisher : Gulf Professional Publishing
ISBN 13 : 012804747X
Total Pages : 376 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Intelligent Digital Oil and Gas Fields by : Gustavo Carvajal

Download or read book Intelligent Digital Oil and Gas Fields written by Gustavo Carvajal and published by Gulf Professional Publishing. This book was released on 2017-12-05 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent Digital Oil and Gas Fields: Concepts, Collaboration, and Right-time Decisions delivers to the reader a roadmap through the fast-paced changes in the digital oil field landscape of technology in the form of new sensors, well mechanics such as downhole valves, data analytics and models for dealing with a barrage of data, and changes in the way professionals collaborate on decisions. The book introduces the new age of digital oil and gas technology and process components and provides a backdrop to the value and experience industry has achieved from these in the last few years. The book then takes the reader on a journey first at a well level through instrumentation and measurement for real-time data acquisition, and then provides practical information on analytics on the real-time data. Artificial intelligence techniques provide insights from the data. The road then travels to the "integrated asset" by detailing how companies utilize Integrated Asset Models to manage assets (reservoirs) within DOF context. From model to practice, new ways to operate smart wells enable optimizing the asset. Intelligent Digital Oil and Gas Fields is packed with examples and lessons learned from various case studies and provides extensive references for further reading and a final chapter on the "next generation digital oil field," e.g., cloud computing, big data analytics and advances in nanotechnology. This book is a reference that can help managers, engineers, operations, and IT experts understand specifics on how to filter data to create useful information, address analytics, and link workflows across the production value chain enabling teams to make better decisions with a higher degree of certainty and reduced risk. Covers multiple examples and lessons learned from a variety of reservoirs from around the world and production situations Includes techniques on change management and collaboration Delivers real and readily applicable knowledge on technical equipment, workflows and data challenges such as acquisition and quality control that make up the digital oil and gas field solutions of today Describes collaborative systems and ways of working and how companies are transitioning work force to use the technology and making more optimal decisions

Carbon, Capital, and the Cloud

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Publisher : Madcann Press
ISBN 13 : 9781774582237
Total Pages : 308 pages
Book Rating : 4.5/5 (822 download)

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Book Synopsis Carbon, Capital, and the Cloud by : Geoffrey Cann

Download or read book Carbon, Capital, and the Cloud written by Geoffrey Cann and published by Madcann Press. This book was released on 2022-03-14 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil & gas, and the promise of a digital future Forces of change have reconfigured the playing field for the oil and gas industry: Volatile crude oil and natural gas prices. Global recession. Pandemic. Climate change. Capital market pressures. Rising demand for renewable energy sources. To survive, companies have been compelled to adopt digital technologies to lower costs, improve productivity, attract talent, reduce emissions, and increase profits. Some believe the transformation is now complete. Geoffrey and Ryan Cann argue that it has just begun. Written by leading experts on the intersection of digital technologies and oil and gas, Carbon, Capital, and the Cloud explains how to do "digital" better and faster. Innovators in all sectors-Upstream, midstream, downstream, integrated, and services-have reaped the benefits of going digital. Examining these successes, the authors offer tactics and strategies for industry decision-makers for effective digital adoption. Discover how to: - embrace new business models - adopt critical technologies - recognize and recruit digital leaders - manage and overcome resistance to change - follow best practices in digital adoption. The oil and gas industry has made huge strides, but Carbon, Capital, and the Cloud makes the case that there are still plenty of opportunities for companies, young people, and tech entrepreneurs to find their fortunes in the industry.

Oil and Gas, Technology and Humans

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Publisher : CRC Press
ISBN 13 : 1317086104
Total Pages : 352 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis Oil and Gas, Technology and Humans by : Denis Besnard

Download or read book Oil and Gas, Technology and Humans written by Denis Besnard and published by CRC Press. This book was released on 2018-08-22 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil and gas industry is going through a major technological shift. This is particularly true of the Norwegian continental shelf where new work processes are being implemented based on digital infrastructure and information technology. The term Integrated Operations (IO) has been applied to this set of new processes. It is defined by the Centre for Integrated Operations in the Petroleum Industry as 'work processes and technology to make smarter decisions and better execution, enabled by ubiquitous real time data, collaborative techniques and access to multiple expertise'. It's claimed that IO is efficient, optimises exploration, reduces costs and improves safety performance. However, the picture is not as clear-cut as it may appear. On the one hand, the new work processes do not prevent major accidents: IO-related factors have been identified in recent events such as the Deepwater Horizon catastrophe. On the other hand, IO technology provides improved decision-making support (such as access to real-time data and expertise), which can reduce human and material losses and damage to the environment. Given these very different properties, it's vital that the industry has a detailed understanding of the benefits and drawbacks of IO, which this book sets out to do from a multidisciplinary point of view. It analyses Integrated Operations from the angles of statistics, management science, human factors and resilience engineering. These varied disciplines provide a multifaceted understanding of IO that better informs risk assessment practices, as well as explaining new techniques and methods and provides state-of-the-art guidance to risk assessment practitioners working in the oil and gas industry.

Digital Oil

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Publisher : MIT Press
ISBN 13 : 0262544679
Total Pages : 229 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Digital Oil by : Eric Monteiro

Download or read book Digital Oil written by Eric Monteiro and published by MIT Press. This book was released on 2022-11-08 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: How is digitalization of the offshore oil industry fundamentally changing how we understand work and ways of knowing? Digitalization sits at the forefront of public and academic conversation today, calling into question how we work and how we know. In Digital Oil, Eric Monteiro uses the Norwegian offshore oil and gas industry as a lens to investigate the effects of digitalization on embodied labor, and in doing so shows how our use of new digital technology transforms work and knowing. For years, roughnecks have performed the dangerous and unwieldy work of extracting the oil that lies three miles below the seabed along the Norwegian Continental Shelf. Today, the Norwegian oil industry is largely digital, operated by sensors and driven by data. Digital representations of physical processes inform work practices and decision-making with remotely operated, unmanned deep-sea facilities. Drawing on two decades of in-depth interviews, observations, news clips, and studies of this industry, Eric Monteiro dismantles the divide between the virtual and the physical in Digital Oil. What is gained or lost when objects and processes become algorithmic phenomena with the digital inferred from the physical? How can data-driven work practices and operational decision-making approximate qualitative interpretation, professional judgement, and evaluation? How are emergent digital platforms and infrastructures, as machineries of knowing, enabling digitalization? In answering these questions Monteiro offers a novel analysis of digitalization as an effort to press the limits of quantification of the qualitative.

Dual Transformation

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Publisher : Harvard Business Review Press
ISBN 13 : 1633692493
Total Pages : 272 pages
Book Rating : 4.6/5 (336 download)

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Book Synopsis Dual Transformation by : Scott D. Anthony

Download or read book Dual Transformation written by Scott D. Anthony and published by Harvard Business Review Press. This book was released on 2017-03-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game-changing disruptions will likely unfold on your watch. Be ready. In Dual Transformation, Scott Anthony, Clark Gilbert, and Mark Johnson propose a practical and sustainable approach to one of the greatest challenges facing leaders today: transforming your business in the face of imminent disruption. Dual Transformation shows you how your company can come out of a market shift stronger and more profitable, because the threat of disruption is also the greatest opportunity a leadership team will ever face. Disruptive change opens a window of opportunity to create massive new markets. It is the moment when a market also-ran can become a market leader. It is the moment when business legacies are created. That moment starts with the core dual transformation framework: Transformation A: Repositioning today’s business to maximize its resilience, such as how Adobe boldly shifted from selling packaged software to providing software as a service. Transformation B: Creating a new growth engine, such as how Amazon became the world’s largest provider of cloud computing services. Capabilities link: Fighting unfairly by taking advantage of difficult-to-replicate assets without succumbing to the “sucking sound of the core.” Anthony, Gilbert, and Johnson also address the characteristics leaders must embrace: courage, clarity, curiosity, and conviction. Without them, dual transformation efforts can founder. Building on lessons from diverse companies, such as Adobe, Manila Water, and Netflix, and a case study from Gilbert’s firsthand experience transforming his own media and publishing company, Dual Transformation will guide executives through the journey of creating the next version of themselves, allowing them to own the future rather than be disrupted by it.

Digital Strategies in a Global Market

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Publisher : Springer Nature
ISBN 13 : 3030582671
Total Pages : 292 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Digital Strategies in a Global Market by : Natalia Konina

Download or read book Digital Strategies in a Global Market written by Natalia Konina and published by Springer Nature. This book was released on 2021-01-02 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of the Fourth Industrial Revolution on business strategy, marketing, management, sustainability innovation, and various kinds of industry. It provides a broad overview of ways that organisations have sought to develop a digital strategy, and explores the challenges and opportunities posed by a rapidly transforming digital world. It draws on European and Russian case studies, with chapters addressing smart cities, corporate governance, the digital single market, and agrobusiness. This book will be of interest to academics and practitioners in management and economics, who are interested in digital strategies performance in global markets.

Beyond Digital

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Publisher : Harvard Business Press
ISBN 13 : 1647822335
Total Pages : 142 pages
Book Rating : 4.6/5 (478 download)

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Book Synopsis Beyond Digital by : Paul Leinwand

Download or read book Beyond Digital written by Paul Leinwand and published by Harvard Business Press. This book was released on 2022-01-04 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two world-renowned strategists detail the seven leadership imperatives for transforming companies in the new digital era. Digital transformation is critical. But winning in today's world requires more than digitization. It requires understanding that the nature of competitive advantage has shifted—and that being digital is not enough. In Beyond Digital, Paul Leinwand and Matt Mani from Strategy&, PwC's global strategy consulting business, take readers inside twelve companies and how they have navigated through this monumental shift: from Philips's reinvention from a broad conglomerate to a focused health technology player, to Cleveland Clinic's engagement with its broader ecosystem to improve and expand its leading patient care to more locations around the world, to Microsoft's overhaul of its global commercial business to drive customer outcomes. Other case studies include Adobe, Citigroup, Eli Lilly, Hitachi, Honeywell, Inditex, Komatsu, STC Pay, and Titan. Building on a major new body of research, the authors identify the seven imperatives that leaders must follow as the digital age continues to evolve: Reimagine your company's place in the world Embrace and create value via ecosystems Build a system of privileged insights with your customers Make your organization outcome-oriented Invert the focus of your leadership team Reinvent the social contract with your people Disrupt your own leadership approach Together, these seven imperatives comprise a playbook for how leaders can define a bolder purpose and transform their organizations.

Digital Transformation for the Process Industries

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Publisher : CRC Press
ISBN 13 : 1000165388
Total Pages : 321 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis Digital Transformation for the Process Industries by : Osvaldo A. Bascur

Download or read book Digital Transformation for the Process Industries written by Osvaldo A. Bascur and published by CRC Press. This book was released on 2020-10-27 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emphasizes a culture of sustainable growth and considers how safety and environmental aspects align with profitability and production of products that satisfy customer expectations Presents how a data infrastructure enables transformation of raw data into operational insights integration with Business Intelligence tools like PowerBI, PI Vision, and predictive analytics tools such as R, Python, and cloud services Features a plant Unit Template showing how to digitize operations to transform raw data into operational insights and offers examples of developing predictive models for avoiding plant excursions and improve the running time Includes examples of companies successfully using operational information to improve yields and reduce operating costs Describes buzzwords and translates them into actual examples so engineering professionals and information systems personnel can work together as a team

Machine Learning and Data Science in the Oil and Gas Industry

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Publisher : Gulf Professional Publishing
ISBN 13 : 0128209143
Total Pages : 290 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Machine Learning and Data Science in the Oil and Gas Industry by : Patrick Bangert

Download or read book Machine Learning and Data Science in the Oil and Gas Industry written by Patrick Bangert and published by Gulf Professional Publishing. This book was released on 2021-03-04 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Machine Learning and Data Science in the Oil and Gas Industry explains how machine learning can be specifically tailored to oil and gas use cases. Petroleum engineers will learn when to use machine learning, how it is already used in oil and gas operations, and how to manage the data stream moving forward. Practical in its approach, the book explains all aspects of a data science or machine learning project, including the managerial parts of it that are so often the cause for failure. Several real-life case studies round out the book with topics such as predictive maintenance, soft sensing, and forecasting. Viewed as a guide book, this manual will lead a practitioner through the journey of a data science project in the oil and gas industry circumventing the pitfalls and articulating the business value. - Chart an overview of the techniques and tools of machine learning including all the non-technological aspects necessary to be successful - Gain practical understanding of machine learning used in oil and gas operations through contributed case studies - Learn change management skills that will help gain confidence in pursuing the technology - Understand the workflow of a full-scale project and where machine learning benefits (and where it does not)

New Technologies in the Oil and Gas Industry

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Publisher : BoD – Books on Demand
ISBN 13 : 9535108255
Total Pages : 240 pages
Book Rating : 4.5/5 (351 download)

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Book Synopsis New Technologies in the Oil and Gas Industry by : Jorge Salgado Gomes

Download or read book New Technologies in the Oil and Gas Industry written by Jorge Salgado Gomes and published by BoD – Books on Demand. This book was released on 2012-10-31 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and gas are the most important non-renewable sources of energy. Exploring, producing and managing these resources in compliance with HSE standards are challenging tasks. New technologies, workflows and procedures have to be implemented.This book deals with some of these themes and describes some of the advanced technologies related to the oil and gas industry from HSE to field management issues. Some new technologies for geo-modeling, transient well testing and digital rock physics are also introduced. There are many more technical topics to be addressed in future books. This book is aimed at researchers, petroleum engineers, geoscientists and people working within the petroleum industry.

The Oil Industry Experience

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Publisher : UNEP/Earthprint
ISBN 13 : 9280715224
Total Pages : 72 pages
Book Rating : 4.2/5 (87 download)

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Book Synopsis The Oil Industry Experience by :

Download or read book The Oil Industry Experience written by and published by UNEP/Earthprint. This book was released on 1995 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Industrial Digital Transformation

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Publisher : Packt Publishing Ltd
ISBN 13 : 1800201966
Total Pages : 426 pages
Book Rating : 4.8/5 (2 download)

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Book Synopsis Industrial Digital Transformation by : Shyam Varan Nath

Download or read book Industrial Digital Transformation written by Shyam Varan Nath and published by Packt Publishing Ltd. This book was released on 2020-11-27 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delve into industrial digital transformation and learn how to implement modern business strategies powered by digital technologies as well as organization and cultural optimization Key FeaturesIdentify potential industry disruptors from various business domains and emerging technologiesLeverage existing resources to identify new avenues for generating digital revenueBoost digital transformation with cloud computing, big data, artificial intelligence (AI), and the Internet of Things (IoT)Book Description Digital transformation requires the ability to identify opportunities across industries and apply the right technologies and tools to achieve results. This book is divided into two parts with the first covering what digital transformation is and why it is important. The second part focuses on how digital transformation works. After an introduction to digital transformation, you will explore the transformation journey in logical steps and understand how to build business cases and create productivity benefit statements. Next, you'll delve into advanced topics relating to overcoming various challenges. Later, the book will take you through case studies in both private and public sector organizations. You'll explore private sector organizations such as industrial and hi-tech manufacturing in detail and get to grips with public sector organizations by learning how transformation can be achieved on a global scale and how the resident experience can be improved. In addition to this, you will understand the role of artificial intelligence, machine learning and deep learning in digital transformation. Finally, you'll discover how to create a playbook that can ensure success in digital transformation. By the end of this book, you'll be well-versed with industrial digital transformation and be able to apply your skills in the real world. What you will learnGet up to speed with digital transformation and its important aspectsExplore the skills that are needed to execute the transformationFocus on the concepts of Digital Thread and Digital TwinUnderstand how to leverage the ecosystem for successful transformationGet to grips with various case studies spanning industries in both private and public sectorsDiscover how to execute transformation at a global scaleFind out how AI delivers value in the transformation journeyWho this book is for This book is for IT leaders, digital strategy leaders, line-of-business leaders, solution architects, and IT business partners looking for digital transformation opportunities within their organizations. Professionals from service and management consulting firms will also find this book useful. Basic knowledge of enterprise IT and some intermediate knowledge of identifying digital revenue streams or internal transformation opportunities are required to get started with this book.

Insurance 4.0

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Publisher : Springer Nature
ISBN 13 : 3030584267
Total Pages : 542 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Insurance 4.0 by : Bernardo Nicoletti

Download or read book Insurance 4.0 written by Bernardo Nicoletti and published by Springer Nature. This book was released on 2020-10-31 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industry 4.0 has spread globally since its inception in 2011, now encompassing many sectors, including its diffusion in the field of financial services. By combining information technology and automation, it is now canvassing the insurance sector, which is in dire need of digital transformation. This book presents a business model of Insurance 4.0 by detailing its implementation in processes, platforms, persons, and partnerships of the insurance companies alongside looking at future developments. Filled with business cases in insurance companies and financial services, this book will be of interest to those academics and researchers of insurance, financial technology, and digital transformation, alongside executives and managers of insurance companies.

The Stories About Life Offshore

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.7/5 (281 download)

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Book Synopsis The Stories About Life Offshore by : Ettie Espey

Download or read book The Stories About Life Offshore written by Ettie Espey and published by . This book was released on 2021-03-25 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy is the lifeblood of the global economy. Understanding the dynamics of the oil and gas industry is more important than ever for professional investor. This Oil And Gas Industry book aims to educate and inspire the younger generations - the future leaders of the industry, others who may be considering a career change into this area, or those who work or have worked in the industry to reminisce about the time they spent here. Besides, you will also find the answers to questions about all aspects of offshore platform life as a result of questions from children, teenagers and adults in volunteering groups and networking events, revealing aspects that formal petroleum companies do not easily disclose. Do not miss this chance to learn about the oil and gas industry! Purchase this book today!