The global demand for energy continues to rise, and with that comes an increasing need for more diverse solutions from the industry. In this post, we’ll explore 5 of the most exciting oil and gas trends which will become commonplace in 2022.
Blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. This makes it a perfect fit for the oil and gas industry, which relies on secure and reliable transactions between suppliers, customers and other parties.
There are already a number of companies that are utilising blockchain in the oil and gas industry. For example, Royal Dutch Shell is working with IBM to develop a blockchain-based trading platform for energy commodities.
Predictive maintenance is a maintenance strategy that relies on analysing data from machines in order to identify potential failures before they happen. This can be done through data collected from sensors on machines, from machine logs, or from data gathered from other sources such as weather or traffic data.
Predictive maintenance can help companies save money by preventing unexpected machine failures, which can lead to lost production time and increased repair costs. It can also help improve safety by preventing accidents caused by machines that have gone out of service.
Manufacturing Execution Systems
Manufacturing Execution Systems (MES) are software systems that are used to manage the manufacturing process. They track and monitor production, ensuring that all the necessary steps are taken and that the process is as efficient as possible.
MES systems can help companies achieve greater production efficiency, provide more insight on how to improve processes and reduce downtime for maintenance.
Augmented & Virtual Reality
Over the next few years, we will see a massive expansion of augmented and virtual reality technology. This technology allows users to experience and interact with a 3D environment using any of their 5 senses.
While it’s still early days for this technology, some companies are already leveraging VR and AR applications to offer better training experiences for employees. For example, BP has developed a VR application that helps train well site managers by providing them with an immersive experience to deal with challenging scenarios such as severe weather.
3D modelling & visualisation
3D modelling and visualisation is a process of creating and viewing a three-dimensional representation of a physical object or scene. This can be done using a computer, with software that allows for the creation and manipulation of 3D models.
3D modelling and visualisation can be used in a number of ways in the oil and gas industry. For example, it can be used to create models of oil rigs so that engineers can test different designs before they are built. It can also be used to create models of the inside of pipelines so that leaks or other problems can be identified and fixed.
3D modelling and visualisation can also be used to create visualisations of potential oil and gas reserves. This can help companies make better decisions about where to drill for oil, based on the data that is available.