Top 20 Oil and Gas Technology Solution Companies - 2016
The oil and gas industry has been forced into a reflecting and restructuring year as the constant high supply of energy fuels has caused a suppression in the oil prices. Every aspect of the supply chain from headcounts to infrastructure projects has felt the effect of cost pressure on operators. While there has been a dramatic fall in capex, opex has increased subsequently, causing a digital disruption. Big data analytics, cloud-enabled mobility, and IoT have been fused to create an efficient ‘digital oil field’ which is assisting the oil and gas industry reduce costs and make better and faster decisions.
Gone are the ‘dark ages’ of the oil industry, where oilmen aimed their drills and hoped for the best. Today, hulking satellites link offshore platforms and spinning drill-bits with engineers and geologists to provide fast updates from Logging While Drilling (LWD) and rapid adjustments to the structural model, and allow for optimized infrastructure projects. To realize the maximum benefits of this digital disruption, organizations are rapidly improving their analytics capabilities and maturity by collaborating with innovative solution providers.
To help navigate this constantly shifting oil and gas landscape, our distinguished selection panel, comprising CEOs, CIOs, VCs, industry analysts and the editorial board of CIOReview has narrowed the final 20 providers that exhibit competence in delivering advanced digital technologies to create a digital oil field.
We present to you CIOReview’s 20 Most Promising Oil and Gas Solution Providers 2016.