The pace of digital change is staggering across the energy value chain. With fast-paced adoption of emerging technologies such as AI / ML, Cloud Native, and Distributor Ledger Technology, to name some of the key enablers of digital transformation, energy cos CIOs and CDOs have to take critical decisions on sourcing that can either help them gain or lose the edge over their competition. It is also a major lever at the CIO’s disposal to survive, sustain, and future-proof the business from disruption.

Technology is playing a key role in shaping the future of the oil and gas industry; examples include applied artificial intelligence, big data, intelligent man-machine interfaces, reduced human interferences, enhanced user experiences, prescriptive analytics, virtual realities, and the adoption of drones.

There is no value in retaining data that is not utilized. One aspect of releasing the value is to normalise files which entails bringing them up to current technology standards.

The energy industry is undergoing a tectonic shift as the world is focusing on increased use of renewables, and de-carbonization of the economy, by shifting the energy supply chain from molecules to electrons.

Control of Work is a diverse and complex process with rigorous control measures.

Cloud, offering companies a foundation for flexibility in a rapidly evolving industry environment. It is the LEGO base for the upstream oil and gas industry—the platform upon which companies can extract amazing value from their businesses and then quickly transform as the world changes.

Organizations utilize many systems to store, access and retrieve information. To do this, end users shall search these systems by utilizing system attributes which are populated with critical metadata (e.g., document origin, classification.)

Many global organizations are taking a fit-for-purpose approach to maintaining information and data.

The importance of accurate and accessible metadata should not be undervalued. Accessible metadata attribution provides end users with confidence that the origin, history, and integrity of each attribute comes from a reliable source

Organizations create, receive and share significant quantities of files and data during any given project, operation or exploratory activity. Unfortunately, the quality of each file received can vary, with quality issues usually arising when the file originator is no longer under contractual obligation to the organization.

Over the next decade, breakthroughs in AI, Robotics, IOT and Blockchain are poised to create some of the most transformative and dramatic impact in our industry.

Copious amounts of files and data can be generated during Pre-FEED (Front Ending Engineering Design) activities. During Pre-FEED, organizations focus on technical requirements, estimated costs, and potential risk evaluations for a proposed project

Industries have changed vastly with mergers and acquisitions becoming the norm, ranging from asset/facility acquisitions to company mergers.

Organizations today manage copious amounts of files and data that are generated during the lifecycle of Major Capital Projects (MCP).

Organizations need to identify who will manage and execute the MCP migration to operations by determining if the internal manpower can be leveraged without impacting critical MCP daily activities.

A path forward for upstream oil and gas businesses with a passion for reinvention

Data interrogation, deduplication, and optical character recognition is the starting point to enabling identification of metadata.

A key area of focus is on driving new growth by tapping critical legacy data from older assets.

Oil and gas companies are realizing that there is valuable information hidden in their unstructured data assets

The oil & gas business landscape across the globe consists of a sizeable number of businesses in the small to medium enterprise (SME) sector.

Oil and gas fields are often present in deserts, dense forests, shallow and deep-water locations. Issues related to logistics and supply chain pose a great challenge in the management of operations at such locations.

O&G field services are already experiencing the impact of digital technologies. Using FieldNXT framework companies can eliminate uncertainty and introduce cost predictability into processes and functions.

IT / OT Convergence is a driving industry trend that bridges IT and OT data and platforms in near real-time enabling visibility and business process reinvention across the enterprise

Collaborative Work Centers (CWC) are being widely adopted by upstream oil & gas companies. They play a greater role in helping upstream oil & gas companies realize their goal of optimizing production, reducing cost & improving recovery.

Pre-configured, prescriptive SCM solutions offered on a subscription basis using ERP applications such as SAP, can help SME reduce implementation time and overall costs.

The need for Energy Trading and Risk Management (ETRM) applications has seen immense growth throughout the IT boom. Today, ETRM applications are robust enough to manage front through back office processing, plus physical commodity scheduling and derivatives trading.

The Mergers & Acquisitions in O&G industry throw up many challenges in handling the ownership of legacy applications and carving out the new ERP system post M&A.

Asset intensive industries like Oil & Gas are struggling to manage their infrastructure or production networks which are complex and difficult to maintain. Find out how customers leverage SAP to meet industry requirements.

Wipro’s Oil & Gas group leverages its key domain and technology capabilities across the process control system hierarchy to help customers traverse this transformational journey.

The importance of Natural gas as a sustainable source of energy and the dynamic business environment has made it necessary to adopt structured IT systems and processes to manage distribution.

Using tactical workforce intelligence to optimize talent and set the cornerstone to manage workforce competency risks.

The paper talks about the importance of Reliability Improvement Process (RIP) and common issues that hamper efficiency and effectiveness of RIP.

The imperative to understand regulations and compliance is critical. Here’s how Wipro can help.

Adoption of Digital Oil Fields (DOF) in upstream industry has been a widely practiced business improvement initiative focused on optimizing production and recovery through improved collaboration, streamlined workflows, right tools and better information management.

This paper mainly discusses the current business challenges faced by the industry and how an organization adapts to growing technological solutions to overcome the challenges using Centralization of control centers.

Energy and Utility companies rely on their ETRM applications 24x7. With changes in the business, competitive and regulatory environments, ETRM application users have begun to demand, on average, three to six monthly enhancements.

Business leaders in the oil and gas industry recognize that the right technologies can help them drive business outcomes by improving operations, building customer relationships, and collaborating effectively with partners.

Business, IT and operations need to be aligned to meet the future challenges presented by the growth in data. The challenge can be addressed through the adoption of IT standards, processes, technology and the active sponsorship from leadership.

Integrated Production Surveillance Dashboards are gaining wider recognition and adoption in E&P organizations as an effective technology enabler.

Applying value-based pricing processes is an excellent way to increase profitability for the supplier and the buyer. Identifying and quantifying value drivers is critical for value-selling to the customer.

Safety and health management is one of the vital constituents of Oil and Gas industry activities because most of the operational conditions, chemicals and end products (hydrocarbons and other compounds) associated with Oil and Gas production.

There is an array of technologies ranging from sensors, SCADA systems, Plant Monitoring Systems, but it is only in the last couple of years that companies have started to invest in systems that can generate insight on safety performance and process safety readiness.

We at Wipro are finding that the best way to help our customers is to bring to each of them a customized combination of industry expertise, new ideas, technology excellence and proven capabilities in order to address challenges with repeatable results.

An omni channel approach is becoming an unavoidable imperative for petroleum retailers to enhance their flexibility and scalability of operation, provide superior value proposition with respect to competitors and edge ahead on newer avenues for growth.

Using simulation, O&G companies can boost operational reliability, increase safety and bring down costs. Cloud technologies can be leveraged to substantially bring down the cost of simulation.

Digital technologies are reshaping the O&G industry. Autonomous, multi-tasking, software driven robots and drones with long-range battery life are changing Operational Technology in O&G.

O&G field services are already experiencing the impact of digital technologies. Using FieldNXT framework companies can eliminate uncertainty and introduce cost predictability into processes and functions.

IT / OT Convergence is a driving industry trend that bridges IT and OT data and platforms in near real-time enabling visibility and business process reinvention across the enterprise

The petroleum retailing function is steadily being handed over to Branded Wholesalers who become channel partners and own & operate sophisticated retail sites scattered

There is a need for fuel retailers to be aggressive and early adopters of new technologies and digital transformation in stores and forecourts to ensure service delivery excellence.

Using Fiber optics, O&G operators can access and visualize real time data from offshore wells in a safe and cost effective manner

Next generation energy trading with blockchain managing complexities and efficiencies

In the oil & gas industry, digital offers the potential to reimagine decades-old business processes

Digital disruptions are driving oil companies to redesign their operations and rethink the future of their business

connecting the unconnected aspects of Refining leveraging robust platform of Industrial Internet of Things

Oil and gas fields are often present in deserts, dense forests, shallow and deep-water locations. Issues related to logistics and supply chain pose a great challenge in the management of operations at such locations.

The future of field surveillance in oil and gas

With a very few exceptions, commercially viable hydrocarbon systems are thousands of feet removed from direct observation.

The oil and gas retail industry is rife with competition. From ultra-personalized promotions, dynamic pricing, omni-channel ecommerce, customer loyalty programs, the industry is constantly identifying new ways to bring value to the end consumer.

The concept of trading has had quite a transformation with time. Even as trading in the broader sense means buying and selling of commodities

The oil & gas business landscape across the globe consists of a sizeable number of businesses in the small to medium enterprise (SME) sector.

Industries have changed vastly with mergers and acquisitions becoming the norm, ranging from asset/facility acquisitions to company mergers.

A path forward for upstream oil and gas businesses with a passion for reinvention

Organizations today manage copious amounts of files and data that are generated during the lifecycle of Major Capital Projects (MCP).

Organizations need to identify who will manage and execute the MCP migration to operations by determining if the internal manpower can be leveraged without impacting critical MCP daily activities.

Copious amounts of files and data can be generated during Pre-FEED (Front Ending Engineering Design) activities. During Pre-FEED, organizations focus on technical requirements, estimated costs, and potential risk evaluations for a proposed project

Organizations create, receive and share significant quantities of files and data during any given project, operation or exploratory activity. Unfortunately, the quality of each file received can vary, with quality issues usually arising when the file originator is no longer under contractual obligation to the organization.

There is no value in retaining data that is not utilized. One aspect of releasing the value is to normalise files which entails bringing them up to current technology standards.

Many global organizations are taking a fit-for-purpose approach to maintaining information and data.

The importance of accurate and accessible metadata should not be undervalued. Accessible metadata attribution provides end users with confidence that the origin, history, and integrity of each attribute comes from a reliable source

Organizations utilize many systems to store, access and retrieve information. To do this, end users shall search these systems by utilizing system attributes which are populated with critical metadata (e.g., document origin, classification.)

Cloud, offering companies a foundation for flexibility in a rapidly evolving industry environment. It is the LEGO base for the upstream oil and gas industry—the platform upon which companies can extract amazing value from their businesses and then quickly transform as the world changes.

Control of Work is a diverse and complex process with rigorous control measures.

Sand production is a worldwide phenomenon, a process that inhibits the production volumes and rates of wells across the globe and has significant limiting impact on the field development planning exercise.

The energy industry is undergoing a tectonic shift as the world is focusing on increased use of renewables, and de-carbonization of the economy, by shifting the energy supply chain from molecules to electrons.

Currently, most Fast Lubes services companies are not optimally positioned to leverage the new-age business model due to current landscape limitations with IT agility, non-integrated franchisees, and a lack of unified 360-degree view of the high cost of operations.

The pace of digital change is staggering across the energy value chain. With fast-paced adoption of emerging technologies such as AI / ML, Cloud Native, and Distributor Ledger Technology, to name some of the key enablers of digital transformation, energy cos CIOs and CDOs have to take critical decisions on sourcing that can either help them gain or lose the edge over their competition. It is also a major lever at the CIO’s disposal to survive, sustain, and future-proof the business from disruption.

Technology is playing a key role in shaping the future of the oil and gas industry; examples include applied artificial intelligence, big data, intelligent man-machine interfaces, reduced human interferences, enhanced user experiences, prescriptive analytics, virtual realities, and the adoption of drones.

In a data-driven world, enterprises need to manage their data better, enable smarter decisions, and align all their systems toward an efficient and effective model.

Unlike conventional computers, artificial intelligence is not programmed. On the one hand, like humans, AI learns from information. Yet on the other, it learns far faster than humanly possible. Machine learning (ML) enables AI to make a correlation between a pattern and an outcome, formulate a hypothesis, take action and then integrate that feedback into its next hypothesis. AI continuously learns, with the goal of predicting future outcomes and events with greater accuracy.

DRS can create order while on the move in a hands-free manner -voice recognition engine / motion gesture.

The O&G business needs to be ready for the eventuality, and prepare for future changes

O&G organizations look at Cloud, mobile, Blockchain etc., and see how they can be used to spruce up a change

ageing IT is holding back agility, the industry is falling behind and modernization has become inevitable.

How many of us spend hours of our day performing manual tasks, knowing that our time would be better spent elsewhere?

Wondering how documented processes can be the key to successful unconventional wells? Get an insight into what industry experts have to say in this Wipro & Penn Energy Research