Category Industrial IoT

Will Blockchain technologies transform the complex transactions within the industry?

Cryptocurrency tied to oil set to launch  JWNFull coverage

An interestng perspective considering the rapid increase in worker productivity we are seeing right now.

Will The ‘Digital Oilfield’ Still Need Roughnecks?  Houston Public MediaFull coverage

David Armitage, Cartasite CEO noted during a recent presentation to the Senate Commerce subcommittee, in the past three years the number of barrels of oil produced per worker in the US has increased by over 27%.

The full testimony is available here

Robotics, Automation And The Changing Oil, Gas Workforce

Detechtion is bringing smarts to the edge of the network. At Cartasite we are investing heavily in bulding more intelligent automation and leveraging smart sensors to streamline business process.

Detechtion Extends The First IIoT Edge Device In Oil And Gas To Incorporate Optimization  Chemical Online.com (press release)Full coverage

The era of oil is not yet over

With the United States accounting for 80% of the increase in global oil supply to 2025 and maintaining near-term downward pressure on prices, the world’s consumers are not yet ready to say goodbye to the era of oil.

Up until the mid-2020s demand growth remains robust in the New Policies Scenario, but slows markedly thereafter as greater efficiency and fuel switching bring down oil use for passenger vehicles (even though the global car fleet doubles from today to reach 2 billion by 2040).

Powerful impetus from other sectors is enough to keep oil demand on a rising trajectory to 105 mb/d by 2040: oil use to produce petrochemicals is the largest source of growth, closely followed by rising consumption for trucks (fuel-efficiency policies cover 80% of global car sales today, but only 50% of global truck sales), for aviation and for shipping.

Intelligent artificial lift systems improve digital oilfield operations  WorldOilFull coverage

Schlumberger launches advanced digital integration of rock and fluid analysis services  Oilfield TechnologyFull coverage

It isn’t just that the industry has gotten incredibly efficient at finding the next barrel of oil. The industry is leveraging IoT technologies to streamline business processes, resulting in dramaitc reductions in production costs.

After two years of declining prices and reduced employment, the oil and gas industry in Texas and across the nation appears to be making a comeback.

It’s coming. Self driving will be here soon!

Called eHighway, there’s now a way to charge trucks as they move on an electrified road near the Ports of L.A. and Long Beach in California.