Industry Insights

A Perspective on Cognitive Computing in Exploration & Production

Recent times have been quite eventful for Cognitive Computing (or Artificial Intelligence) technology with driverless cars, robots and virtual home assistants grabbing the headlines from the tech world. Of many capabilities of Cognitive Computing, it’s the ability to analyse unstructured data which has caught the eyes of the business world. Leading research firms estimate that […]

Upstream Petroleum

Exploration stamina!

“Necessity is the mother of invention!” The proverb is appropriate, but not sufficient, to describe the challenges of the Oil & Gas industry. Operators surviving in the “lower for longer” economy cannot invent themselves to growth. Innovation is key, where applying concepts and practices from other industries may make the difference between leaders and laggards. […]

Industry Insights

Benefits Of Blockchain Adoption In The Chemicals & Petroleum Industry

  Processing an invoice. It sounds so simple. One business records a transaction with another business for the delivery of goods and services per a contractual agreement. Every business does it, from the smallest mom-and-pop shop to the world’s most sophisticated conglomerates. Yet, the same issues with inefficient, expensive and vulnerable transactions that have existed […]

Mobility – a promise of exciting possibilities in Exploration & Production

When was the last time you silently cursed a badly designed feature while using your email client, newly installed software at your firm, IVR menu of a call centre, your online banking system, your car or even your office coffee machine? Chances are it was last week —it’s another matter that you sucked it up […]

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The Oil and Gas Industry Digital Transformation

Much of the discussion I am having with clients from the four corners of the world is centred on the digital transformation of Oil and Gas and adjacent industries. Industry executives want to discuss how digital transformation can help deliver value for their enterprises as they search for new levels of performance and operational efficiency against […]

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Mastering the art of analytics: a Groundhog Day story of the exploration and production sector

Being data-driven is the new war cry of the E&P sector these days. Feverish frenzy around Digital and highly publicized business successes of the data-driven firms from the other sectors are driving most of the E&P firms’ fascination with Big Data, analytics or IOT these days. E&P leaders or senior executives, on their part, are […]

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Capturing value from blockchain in the Chemicals and Petroleum industry

In the industry cost-pressure environment, blockchain can drive substantial efficiency, fraud prevention and cost take out. The adoption of this technology will enable faster, permissioned, immutable, transparent and auditable business-to-business interactions between Chemicals and Petroleum (C&P) companies and their suppliers, distributors, financial institutions, or regulators. According to our data from the IBM Institute for Business […]

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Advancing Chemicals and Petroleum intelligence through cognitive

Volatile energy prices, rising research and development costs, manufacturing inefficiency, and safety and compliance concerns are causing upheaval in the Chemicals and Petroleum (C&P) industry. As a result, these companies must find more innovative ways to cut costs and increase revenues. While the industry has access to a tremendous amount of data from sensors, incidents, […]

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Digital transformation of oil and gas industries through cognitive technology

We are living in an age where all around, there is massive technological disruption, much of which is fueled by the explosion of data and what we do with it. With the millions of sensors that are connecting products to machines, and to humans and the internet – the era of cognitive computing has arrived. […]

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Innovate or Replicate?

After reading multiple articles over the past few months on Innovation, it got me thinking about the last time I saw something I could truly say was innovative. Cars all follow a similar ergonomic design; Apple and Samsung have been fighting for years about devices that have the same look and feel, the list goes […]

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Oil & Gas Upstream Integrated Operations Evolution

Once upon a time, a few large oil & gas companies developed point solutions to address specific production issues. A lot of lessons were learnt and a lot of money spent on bespoke software solutions, developed all under the quest for innovation. Many more niche solutions have been born from these early exercises and many […]

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Winning The Future Talent Battle: Why Do E&P Firms Need To Think Differently?

  “Haven’t we all seen it before?” is the question one may ask on hearing the expert warnings about the talent crisis that Exploration and Production (E&P) sector could face in the next few years, and that E&P firms must find ways to address the issues of aging workforce, shortage of mid-career professionals and poor […]

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Analytics Paralysis in Oil & Gas Upstream

If there is one word that has taken over the industry, it’s ‘Analytics’, meaning taking data and turning it into information. The peak was probably 2015,  as most businesses and users attempted to reach the Analytics panacea. Now, this year, Analytics has been replaced with the next generation of analytics, ‘Cognitive Computing’. ‘Cognitive Computing’ is the simulation of […]

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Upstream Oil & Gas Process Optimisation: Best Practice Tips

Having worked with the Oil & Gas Industry for over 20 years in many different forms, I thought readers would benefit from some basic take aways, as the pitfalls are common in most projects regardless of geography. Within the Oil & Gas Upstream Industry, Process Optimisation is a key focus area that generally looks at […]

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IDC FutureScape 2017 Predictions and Watson

Each year, IDC Energy Insights releases its top 10 predictions for the worldwide oil and gas industry via their much anticipated IDC FutureScape report*. This year’s predictions highlight the speed with which oil and gas companies are developing digital transformation strategies to drive growth in a challenging environment of “lower for longer” oil prices, reserve […]

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