How to navigate the digital journey in the oil rig industry

by   |    |   4 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Digital Transformation, Events, Mobility, Oil & Gas, Strategy

Getting your business to an automated efficient state of operating its assets while maintaining safe and reliable operations is possible. The oil rig industry agrees that they are not in the forefront of the digital age, as per discussions at the drilling conference in Stavanger last week (Rigg og Borekonferansen). Perhaps this is because the…

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The servitization of the oil and gas service industry

by   |    |   5 minutes  |  in Business Agility, Business Technology, Digital Transformation, Oil & Gas, Research, Service Management, Strategy

Oil and gas organizations are embracing servitization and leveraging technology to increase profit margins and core service offerings. In general, as the macroeconomic situation takes a turn for the worse in a given industry, changes are bound to happen at a faster pace than when times were good. A new and leaner industry will certainly…

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offshore maintenance

by   |    |   1 minute  |  in Asset Intensive, Business Technology, Oil & Gas, Strategy

What is it really about? Getting on the bandwagon or actually optimizing operational performance? Asset performance management (APM) has become a popular buzzword for anything that helps asset-intensive organizations to get the most value out of their costly equipment investments. To enable an APM strategy, you really need to understand your underlying cost structures and…

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Enterprise operational intelligence for oil and gas

by   |    |   1 minute  |  in Business Agility, Business Technology, Digital Transformation, Oil & Gas, Strategy

Learn about IFS EOI and see some examples of how it supports oil and gas organizations. What is IFS EOI? This webcast will look at why IFS Enterprise Operational Intelligence™ (EOI) is on the forefront of our maturity model for business analytics. Learn why IFS EOI is more than the sum of its component parts…

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by   |    |   6 minutes  |  in Asset Intensive, Business Agility, Business Technology, Finance, Oil & Gas, Research, Service Management, Strategy

In an industry where there are still few capital projects being initiated following the 2014 price collapse, and pressure on any new project to deliver cost effectiveness and to stay ahead of schedule, IT is continuing to be a key enabler for upstream oil and gas companies. The industry considers digitalization as the way for…

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Turn yourself into a believer of advanced analytics for oil and gas

by   |    |   2 minutes  |  in Business Technology, Digital Transformation, Oil & Gas, Strategy

Advancements to analytics are making it possible for oil and gas companies to operate like never before. Picture yourself knowing your own equipment very well. You have a long history in understanding the design, the operation, the maintenance, the possible failure and the replacement of the equipment you own and operate. This shouldn’t be too…

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drilling contractors

by   |    |   4 minutes  |  in Applications 9, Business Agility, Business Technology, Events, Oil & Gas

IADC brings together leading drilling contractors to discuss industry challenges around reliability and asset integrity in the dynamic environment of onshore and offshore drilling. This week, some of the leading global onshore/offshore drilling organizations and contractors converged in Houston, Texas for the 2016 IADC Asset Integrity & Reliability Conference. Facing a dynamically changing world and…

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Predictive Maintenance in Oil & Gas

by   |    |   4 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Oil & Gas, Research

When hype meets reality – that’s when we all need to listen! Working in the software industry, you are constantly challenged to innovate and look into digital opportunities. On one side, there is the hype and on the other, you have your customers asking you to develop. When customer demand intersects with hype, that’s when…

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Oil & Gas Industry Podcast on Digital Transformation

by   |    |   2 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Digital Transformation, IFS Radio Network, Oil & Gas

IFS Radio Network podcast: The topic of digital transformation may not have meant anything to the oil and gas industry three years ago, but today it’s a fact of life. We hear the term “Digital Transformation” being talked about quite a bit by the press. It’s something that is affecting companies in every industry, regardless…

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Here's what's causing the oil and gas industry to change

by   |    |   2 minutes  |  in Digital Transformation, Events, Oil & Gas

The most aggressive companies are racing to be leaders of the oil and gas industry’s new playing field. Last month I attended Subsea Valley Conference 2016; a conference that gathers the subsea cluster in what we call “engineering valley” outside Oslo. I was expecting doom and gloom sessions mirroring the depressed investment climate of the…

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