Where would the industry be without embracing technology? I’m sure that question is often asked in the executive suite and in the oil field as hard-working individuals go about their daily work contributing to produce the energy we need to run our modern society. Emerging technology such as IoT, machine learning and data analytics, and innovative products are improving productivity in the oil and gas industry by trimming costs and waste, which in turn increases profit. It’s hard to imagine where the industry would be had the industry continued down the path of conducting the same manner of business after the 2014 downturn. During this tumultuous period, that continues to a degree today, companies have no choice but to innovate, cut costs, improve processes, or risk closing for good.
At OILMAN we’re amazed at the amount of technology development happening in the industry right now. There are numerous startups exploring all facets of the industry eager to put their mark on advancing productivity and the tools of the trade. At OTC we discovered countless tech companies pushing the boundaries of artificial intelligence, data analytics, unmanned aircraft systems, cloud computing and connected devices that were exceedingly impressive. Innovation did not stop with emerging tech startups, established oilfield service, software and product companies showcased improvements to their commercial lineup as well. Our reporter Alan Alexeyev was on the OTC floor and he interviewed several companies. You can hear interview clips in his article Reflections From OTC 2019: Interviews with Newpark Drilling Fluids, Parker Hannifin and Briannwave. He also asked each company representative their thoughts on how college graduates can enter the industry and succeed in our rapidly changing digital oilfield. An insightful set of interviews you don’t want to pass up.
The CEO of U.S. Energy Media, Emmanuel Sullivan is a technical writer who has built up his profile in the oil and gas industry. He lives and works in Houston, where he publishes Oilman and Oilwoman on a bimonthly basis, and Energies quarterly, distributing the magazine to energy thought leaders and professionals throughout the United States and around the world. At a time when technology is rapidly changing, he provides an invaluable service to oil & gas, and renewable energy executives, engineers, and managers, offering them both broad and specific looks at the topics that affect their livelihoods. Sullivan earned his BA in Communications at Thomas Edison State University and his MA in Professional Writing at Chatham University.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.