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Author: Jim Crompton
Publisher:
ISBN: 9781791890902
Category :
Languages : en
Pages : 351
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Book Description
Industry professionals will appreciate the authors' approach to developing a digital strategy from the bottom up, avoiding pitfalls from the tempting short cuts, to deliver data the business needs to gain a sustainable competitive advantage. Best practices are identified from an organization, process, and technology perspective, providing insight into how companies should prepare for and begin the digital journey. It is apparent to everyone within the Industry that significant changes are underway. These changes are being driven by the need to operate more efficiently and with fewer people. Picture a general flow of getting more for less, but on steroids! A catalyst for this change has been the application of digital technology, wherein lies a new focus on data science and analytics. This is starting to result in real and significant improvements to overall business performance for some operators. While big data and analytics get most of the attention, it is only one aspect of a broader movement that is popularly referred to as the Digital Transformation and which we have categorized as the Digital Oilfield 2.0; the next phase of the Digital Transformation. One critical aspect of the Digital Transformation that typically gets overlooked is the need for effective data management across the full Well lifecycle. The result of this lack of focus on the fundamentals is that many big data and analytics projects fail to deliver fully on the promised benefits with the occasional spectacular failure. In this book, the authors investigate and analyze the industry and technology trends that are driving the next phase of the Digital Transformation. They break this down into the component parts and present a framework for building an effective master data management platform and organization - it is not just about the technology. Combining this framework with best practices gathered over decades in the business, the authors present an approach to building out a Digital Strategy to help companies that are struggling to define their own journey towards a Digital Transformation.
Author: Jim Crompton
Publisher:
ISBN: 9781791890902
Category :
Languages : en
Pages : 351
Get Book Here
Book Description
Industry professionals will appreciate the authors' approach to developing a digital strategy from the bottom up, avoiding pitfalls from the tempting short cuts, to deliver data the business needs to gain a sustainable competitive advantage. Best practices are identified from an organization, process, and technology perspective, providing insight into how companies should prepare for and begin the digital journey. It is apparent to everyone within the Industry that significant changes are underway. These changes are being driven by the need to operate more efficiently and with fewer people. Picture a general flow of getting more for less, but on steroids! A catalyst for this change has been the application of digital technology, wherein lies a new focus on data science and analytics. This is starting to result in real and significant improvements to overall business performance for some operators. While big data and analytics get most of the attention, it is only one aspect of a broader movement that is popularly referred to as the Digital Transformation and which we have categorized as the Digital Oilfield 2.0; the next phase of the Digital Transformation. One critical aspect of the Digital Transformation that typically gets overlooked is the need for effective data management across the full Well lifecycle. The result of this lack of focus on the fundamentals is that many big data and analytics projects fail to deliver fully on the promised benefits with the occasional spectacular failure. In this book, the authors investigate and analyze the industry and technology trends that are driving the next phase of the Digital Transformation. They break this down into the component parts and present a framework for building an effective master data management platform and organization - it is not just about the technology. Combining this framework with best practices gathered over decades in the business, the authors present an approach to building out a Digital Strategy to help companies that are struggling to define their own journey towards a Digital Transformation.
Author: Kelsey Lynn Prestidge
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The digital transformation is proving to be a significant force for change globally and is especially true in the oil and gas industry. Many in the oil and gas industry struggle to understand what a digitally transformed future will look like. This thesis aims to explore the oil and gas digital transformation, its challenges, and potential solutions. By using this approach, organizations will be able to establish their organizations' current state (or baseline state), allowing them the opportunity to benchmark against what their future state will look like in the digital transformation environment. As oil and gas operators begin to contemplate the implications of their digital transformation and the coming changes to the upstream sector, all the key stakeholders must be engaged closely with the ecosystem to adapt to the disruptive trends. In the age of digital, oil and gas operators will also need to focus more on establishing partnerships that help promote technology innovation not only within their organizations but also within their business partners' organizations. Digital transformation will push the oil and gas industry out of its comfort zone. Oil and gas operators must prepare to embrace the discomfort to compete in the future.
Author: Geoffrey Cann
Publisher: Madcann Press
ISBN: 9781999514907
Category : Gas industry
Languages : en
Pages : 290
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Book Description
The oil and gas industry is at a crossroads. Recent low prices, rapidly growing alternative fuels like renewables, the permanent swing from peak oil to super abundance, shifting consumer preferences, and global pressures to decarbonize suggest a challenged industry for the foreseeable future. Digital advances offer ways to lower costs of production, improve productivity, reduce carbon emissions, and regain public confidence. A wait-and-see attitude to digital innovation has failed many industries already, and the leaders of oil and gas urgently need guidance on how digital both disrupts and enhances their industry. Written by the world's leading experts on the intersection of digital technologies and the oil and gas industry, Bits, Bytes, and Barrels sets out the reasons why adoption is slow, describes the size and scale of both the opportunity and the threat from digital, identifies the key digital technologies and the role that they play in a digital future, and recommends a set of actions for leaders to take to accelerate the adoption of digital in the business. Providing an independent and expert perspective, Bits, Bytes, and Barrels addresses the impacts of digital across the breadth of the industry--from onshore to offshore, from upstream to midstream to integrated--and outlines a roadmap to help the decision-makers at all levels of the industry take meaningful action toward promising and rewarding digital adoption.
Author: Gustavo Carvajal
Publisher: Gulf Professional Publishing
ISBN: 012804747X
Category : Technology & Engineering
Languages : en
Pages : 376
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Book Description
Intelligent Digital Oil and Gas Fields: Concepts, Collaboration, and Right-time Decisions delivers to the reader a roadmap through the fast-paced changes in the digital oil field landscape of technology in the form of new sensors, well mechanics such as downhole valves, data analytics and models for dealing with a barrage of data, and changes in the way professionals collaborate on decisions. The book introduces the new age of digital oil and gas technology and process components and provides a backdrop to the value and experience industry has achieved from these in the last few years. The book then takes the reader on a journey first at a well level through instrumentation and measurement for real-time data acquisition, and then provides practical information on analytics on the real-time data. Artificial intelligence techniques provide insights from the data. The road then travels to the "integrated asset" by detailing how companies utilize Integrated Asset Models to manage assets (reservoirs) within DOF context. From model to practice, new ways to operate smart wells enable optimizing the asset. Intelligent Digital Oil and Gas Fields is packed with examples and lessons learned from various case studies and provides extensive references for further reading and a final chapter on the "next generation digital oil field," e.g., cloud computing, big data analytics and advances in nanotechnology. This book is a reference that can help managers, engineers, operations, and IT experts understand specifics on how to filter data to create useful information, address analytics, and link workflows across the production value chain enabling teams to make better decisions with a higher degree of certainty and reduced risk. Covers multiple examples and lessons learned from a variety of reservoirs from around the world and production situations Includes techniques on change management and collaboration Delivers real and readily applicable knowledge on technical equipment, workflows and data challenges such as acquisition and quality control that make up the digital oil and gas field solutions of today Describes collaborative systems and ways of working and how companies are transitioning work force to use the technology and making more optimal decisions
Author: Geoffrey Cann
Publisher: Madcann Press
ISBN: 9781774582237
Category :
Languages : en
Pages : 308
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Book Description
Oil & gas, and the promise of a digital future Forces of change have reconfigured the playing field for the oil and gas industry: Volatile crude oil and natural gas prices. Global recession. Pandemic. Climate change. Capital market pressures. Rising demand for renewable energy sources. To survive, companies have been compelled to adopt digital technologies to lower costs, improve productivity, attract talent, reduce emissions, and increase profits. Some believe the transformation is now complete. Geoffrey and Ryan Cann argue that it has just begun. Written by leading experts on the intersection of digital technologies and oil and gas, Carbon, Capital, and the Cloud explains how to do "digital" better and faster. Innovators in all sectors-Upstream, midstream, downstream, integrated, and services-have reaped the benefits of going digital. Examining these successes, the authors offer tactics and strategies for industry decision-makers for effective digital adoption. Discover how to: - embrace new business models - adopt critical technologies - recognize and recruit digital leaders - manage and overcome resistance to change - follow best practices in digital adoption. The oil and gas industry has made huge strides, but Carbon, Capital, and the Cloud makes the case that there are still plenty of opportunities for companies, young people, and tech entrepreneurs to find their fortunes in the industry.
Author: Natalia Konina
Publisher: Springer Nature
ISBN: 3030582671
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
This book examines the impact of the Fourth Industrial Revolution on business strategy, marketing, management, sustainability innovation, and various kinds of industry. It provides a broad overview of ways that organisations have sought to develop a digital strategy, and explores the challenges and opportunities posed by a rapidly transforming digital world. It draws on European and Russian case studies, with chapters addressing smart cities, corporate governance, the digital single market, and agrobusiness. This book will be of interest to academics and practitioners in management and economics, who are interested in digital strategies performance in global markets.
Author: Denis Besnard
Publisher: CRC Press
ISBN: 1317086104
Category : Technology & Engineering
Languages : en
Pages : 352
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Book Description
The oil and gas industry is going through a major technological shift. This is particularly true of the Norwegian continental shelf where new work processes are being implemented based on digital infrastructure and information technology. The term Integrated Operations (IO) has been applied to this set of new processes. It is defined by the Centre for Integrated Operations in the Petroleum Industry as 'work processes and technology to make smarter decisions and better execution, enabled by ubiquitous real time data, collaborative techniques and access to multiple expertise'. It's claimed that IO is efficient, optimises exploration, reduces costs and improves safety performance. However, the picture is not as clear-cut as it may appear. On the one hand, the new work processes do not prevent major accidents: IO-related factors have been identified in recent events such as the Deepwater Horizon catastrophe. On the other hand, IO technology provides improved decision-making support (such as access to real-time data and expertise), which can reduce human and material losses and damage to the environment. Given these very different properties, it's vital that the industry has a detailed understanding of the benefits and drawbacks of IO, which this book sets out to do from a multidisciplinary point of view. It analyses Integrated Operations from the angles of statistics, management science, human factors and resilience engineering. These varied disciplines provide a multifaceted understanding of IO that better informs risk assessment practices, as well as explaining new techniques and methods and provides state-of-the-art guidance to risk assessment practitioners working in the oil and gas industry.
Author: Osvaldo A. Bascur
Publisher: CRC Press
ISBN: 1000165388
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
Emphasizes a culture of sustainable growth and considers how safety and environmental aspects align with profitability and production of products that satisfy customer expectations Presents how a data infrastructure enables transformation of raw data into operational insights integration with Business Intelligence tools like PowerBI, PI Vision, and predictive analytics tools such as R, Python, and cloud services Features a plant Unit Template showing how to digitize operations to transform raw data into operational insights and offers examples of developing predictive models for avoiding plant excursions and improve the running time Includes examples of companies successfully using operational information to improve yields and reduce operating costs Describes buzzwords and translates them into actual examples so engineering professionals and information systems personnel can work together as a team
Author: Eric Monteiro
Publisher: MIT Press
ISBN: 0262372290
Category : Technology & Engineering
Languages : en
Pages : 229
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Book Description
How is digitalization of the offshore oil industry fundamentally changing how we understand work and ways of knowing? Digitalization sits at the forefront of public and academic conversation today, calling into question how we work and how we know. In Digital Oil, Eric Monteiro uses the Norwegian offshore oil and gas industry as a lens to investigate the effects of digitalization on embodied labor, and in doing so shows how our use of new digital technology transforms work and knowing. For years, roughnecks have performed the dangerous and unwieldy work of extracting the oil that lies three miles below the seabed along the Norwegian Continental Shelf. Today, the Norwegian oil industry is largely digital, operated by sensors and driven by data. Digital representations of physical processes inform work practices and decision-making with remotely operated, unmanned deep-sea facilities. Drawing on two decades of in-depth interviews, observations, news clips, and studies of this industry, Eric Monteiro dismantles the divide between the virtual and the physical in Digital Oil. What is gained or lost when objects and processes become algorithmic phenomena with the digital inferred from the physical? How can data-driven work practices and operational decision-making approximate qualitative interpretation, professional judgement, and evaluation? How are emergent digital platforms and infrastructures, as machineries of knowing, enabling digitalization? In answering these questions Monteiro offers a novel analysis of digitalization as an effort to press the limits of quantification of the qualitative.
Author: Paul Leinwand
Publisher: Harvard Business Press
ISBN: 1647822335
Category : Business & Economics
Languages : en
Pages : 142
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Book Description
Two world-renowned strategists detail the seven leadership imperatives for transforming companies in the new digital era. Digital transformation is critical. But winning in today's world requires more than digitization. It requires understanding that the nature of competitive advantage has shifted—and that being digital is not enough. In Beyond Digital, Paul Leinwand and Matt Mani from Strategy&, PwC's global strategy consulting business, take readers inside twelve companies and how they have navigated through this monumental shift: from Philips's reinvention from a broad conglomerate to a focused health technology player, to Cleveland Clinic's engagement with its broader ecosystem to improve and expand its leading patient care to more locations around the world, to Microsoft's overhaul of its global commercial business to drive customer outcomes. Other case studies include Adobe, Citigroup, Eli Lilly, Hitachi, Honeywell, Inditex, Komatsu, STC Pay, and Titan. Building on a major new body of research, the authors identify the seven imperatives that leaders must follow as the digital age continues to evolve: Reimagine your company's place in the world Embrace and create value via ecosystems Build a system of privileged insights with your customers Make your organization outcome-oriented Invert the focus of your leadership team Reinvent the social contract with your people Disrupt your own leadership approach Together, these seven imperatives comprise a playbook for how leaders can define a bolder purpose and transform their organizations.
