Top 20 Oil and Gas Solution Companies - 2020

The COVID-19 outbreak has added a major layer of uncertainty to the future of oil and gas industry. In 2020, the oil and gas demand has dropped for the first time since 2009 due to the deep contraction in oil consumption in Asia and the global ban on travel. Following the downfall, a sharp rebound in 2021 is expected, but the yearly growth in global oil demand will grow slowly thereafter. At the moment, however, oil and gas leaders are thoroughly examining their corporate risk and resilience, determining the deterring factors, and considering actions to correct failures.

In addition to immediate crisis management, oil and gas companies are integrating risk into strategic planning rather than treating it as a separate effort. Further, these companies are moving toward zero-budgeting to allocate resources based on efficiency, necessity, and value with the shifting priorities. In today’s challenging conditions, zero-budgeting can help stretch limited resources to achieve greater returns. Moreover, it is becoming increasingly essential for oil and gas companies to reinforce cybersecurity protections as their employees are working remotely, making the company’s database more vulnerable and prone for an attack.

On a positive note, once the pandemic is contained and travel restrictions are lifted, global oil demand will begin to rise and buoy the oil price along with it. This implies that individual companies must continue to remain steady until its operations resume to normal.

At this juncture, there is a wide variety of oil and gas solution providers and consulting companies entering the industry with a set of advanced and integrated offerings. To help companies navigate through the best-of-breed oil and gas solutions and services, CIOReview has compiled this edition. The enlisted organizations are poised to transform the oil and petroleum landscape. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you CIOReview’s, “20 Most Promising Oil and Gas Solution Providers – 2020.”

TOP VENDORS

Top 20 Oil and Gas Solution Companies

AspenTech

Massachusetts-based company Aspen Technology (AspenTech) (NASDAQ:AZPN), a provider of software and services for the process industries, is turning the corner for the oil and gas industry by using AI and other leading technologies. AspenTech’s state-of-the-art solution, backed by AI, helps the world’s largest oil and gas, chemical, and engineering companies achieve their goals, such as safety, sustainability, and profitability. The purpose-built solution enables oil and gas companies to weave a digital thread throughout the design, operation, and maintenance of their facilities and value chains. The real-time data and actionable insights delivered by the solution helps clients mitigate the various challenges they face in their day-to-day business operations.

Enertia Software

Enertia Software is the leading developer of integrated enterprise solutions for the upstream oil and gas industry. Enertia’s service-oriented architecture streamlines business functions by creating reduced points of communication for users through a customer engagement manager that works as a liaison between support and developmental initiatives.The company’s data-driven ERP functions streamline critical management tasks from the field back to the office. From accounting and financial functions to well production, lease administration, and communication management, Enertia’s solutions encompass all of the essential processes required for the smooth and efficient orchestration of Oil and Gas industryVincent Dawkins, President

Fulcrum

Developed by Spatial Networks, Fulcrum is the industry-leading data collection platform that enables users to easily build custom apps for capturing information in the field.Fulcrum tackles the nagging issues in your workflow, providing productivity-boosting benefits along the way. Real-time access to data allows oneto see what field teams are doing without waiting for the end of a workday as faster access to data means faster decision making. Moreover, the platform replaces error-prone paper processes with Fulcrum forms, which have visibility, requirement, and validation logic built in, resulting in more consistent, accurate data

New Frontier Technologies

A new breed system integration company that is committed to helping O&G businesses solve the most complex problems by simplifying their system for improved operation, maintenance, and support

TENSOR Drilling Technologies

TENSOR Drilling Technologies is the proud successor to Tensor™ and Centerfire™ MWD-LWD line of downhole directional guidance tools produced by GE Oil & Gas (now Baker Hughes). The company is the most recognizable brand among probe- based MWD tools and has built a reputation for excellence on a proven track record of equipment quality, class-leading accuracy, reliability, and customer support. TENSOR aims to bring the most reliable and accurate drilling and formation evaluation products to the market at an affordable cost. The ultimate beneficiary of these measures is a predictable operating cost that allows customers to plan their operations with confidence. The company’s robust, durable MWD and LWD measurement technologies deliver the reliability and accuracy that clients demand in high temperature and high-pressure applications. Their reliable solutions improve drilling efficiency, facilitates precise wellbore placements, and reduces non-productive time.

Authentix

As the authority in authentication solutions, Authentix thrives in supply chain complexity. The company provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. Authentix thrives in the most complex environments – from multi-national fuel programs to pharmaceutical regulatory compliance to the global currency trade. They understand the systems, processes and nuances, increasing decision confidence to protect both investments and consumers. As they anticipate and identify issues within supply and distribution chains, they enable government, brand and product protection.

Cirrus Logistics

Established over 20 years’ ago, Cirrus Logistics is a UK based company that specialises in providing decision support solutions to local and global corporations in both the supply chain and maritime industries. The company supplies software and services that utilise advanced optimisation and simulation techniques to enable companies to develop the best possible business strategies that deliver optimum financial benefits. They develop all of their products in-house and stick to what they know best – supply chain.

CyrusOne

Global firms seeking enterprise colocation solutions have consistently selected CyrusOne. Currently serving hundreds of customers and more than 185 of Fortune 1000 customers worldwide, CyrusOne’s strong growth over the past 16 years has made it the third-largest data center provider in the U.S. CyrusOne prides themselves in their core values—community, agility, respect, enjoyable workplace, ethics and exceptional service. Since 2001, and years of continued success, CyrusOne competes at the forefront of the data center industry as a respected leader and innovator.

General Electric

The General Electric Company (GE) is an American multinational company. For more than 125 years, GE has invented the future of industry. Today, GE is best known for its work in the power, renewable energy, aviation, and healthcare industries. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. GE’s people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE’s mission and deliver for its customers.

Hudson Technologies

Hudson Technologies is a leading U.S. manufacturer of deep-drawn metal enclosures and stampings, including metal diaphragms. It uses a variety of high-performance metals, including stainless steel and titanium, along with aluminum, aluminized steel, cold rolled steel, brass, copper, Mu metal, nickel, cupro nickel and more. Design engineers turn to Hudson Technologies for precision metal enclosures and diaphragms whether they need a prototype or high-volume production. The catalog has more than 15,000 standard shapes and sizes (up to 12 inches) available with little to no tooling charges. Custom products offer precision engineered tooling and parts designed to customers' specifications.