MultiMedia Cafe Episode 35: The Paradigm Shift in Oil and Gas

Dayle Ranger, Innovation Project Manager, discusses the differences between the United States and Canada in regards to oil and gas development. Ranger says there has been a paradigm shift in how we drill and because of that, there are changes in the industry that many are not prepared for yet.

He also explains how rigs are becoming more automated, Big Data is here and jobs are shifting in response to the changing energy industry. One issue to note is that companies are segmenting their data and information and creating fusion projects across the country. Ranger believes if the industry veered away from day rates, innovation would increase and expand, rather than be stifled.

Other topics of discussion included in the interview include the vetting of industry experts and leaders, upgrading the living environment for on-site workers and how technology will shift job duties rather than eliminate the job altogether.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

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.

Your Complete Guide to Essential Oil & Gas Industry SoftwareFree to Download Today

It's tempting to think of software as just creating the digital counterparts of real-world items such as email versus letters or an Excel spreadsheet versus a ledger. And at a basic level, this is true. After all, the oil and gas industry spends $5 billion each year on paper records which can be managed more inexpensively by digital document software.

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