HomeChemicals and petroleum

Adapting to new realities in oil and gas

Information-based value creation with the Internet of Things

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History shows the price of oil can spin into volatility mode with little warning, yet it appears cheaper oil prices are here to stay. Against a backdrop of the current “lower for longer” era, energy companies must prioritize operational efficiency to stay afloat. Despite the huge amount of data the oil and gas industry produces daily, many processes are simply outdated. Digital transformation of facilities and modern, new technologies for environmental and human monitoring, logistics and more can turn data into insights. And if tapped effectively, the Internet of Things (IoT) can provide a competitive edge.

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How can IBM help you?

The IBM chemicals and petroleum industry team designs and implements solutions for chemicals as well as oil and gas companies. We help these companies turn information into insights that enhance exploration and production, refining and manufacturing efficiency, global trading, risk management, and operations in real time.

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Digital transformation reshapes the oil and gas industry

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Meet the authors:

Bernhard te Woerd, European Focal Point IoT, Chemicals & Petroleum, IBM Global Business Services; Keimpe Nevenzeel

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, Strategy and Analytics Consultant, IBM Services

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