For the past year, the energy world has eagerly followed a historic event in the oil and gas industry involving the first coalescence of all three oil and gas sectors (upstream, midstream and downstream) under one services industry roof. On July 3, 2017, GE Oil and Gas combined with Baker Hughes, a GE company, to create a new entity: BHGE. By merging the downstream operations held by GE with the upstream and midstream operations already handled by Baker Hughes, BHGE officially became the world’s first and only fullstream company.
Oil and gas companies are regularly faced with many industry-specific issues to overcome. Such issues, including exploration and drilling, are often complex and intricate processes with many unique challenges to overcome. Data analytics can play a massive part in streamlining some of the most fundamental operations that are involved in the oil and gas industry.