#energyfirms

[innovativetechnologies]

The oil fields are now riding the wave of digitalization.

 The energy industry is continually shifting almost every part of it to the internet. By realizing that the online environment is a solution today for almost all the practical challenges that the business world is facing, energy firms are computerizing all its processes, including the core ones such as those of generating power, drawing oil from the oil wells in the fields and more. Some of the reports say that the oil reserves are shrinking to increased speeds, and it is hence, it might become critically difficult for the oil fields and professionals to discover and extract oil resources from new fields. The modern energy industry has understood that these physical challenges can be effectively overcome by the essence of digitalization.

[vendor_logo_first]Most of the oil firms are resorting to transforming themselves into a digital oil field. A digital oil field is more defined and looked at as a concept than a use case in the industrial language. With the help of technological integrations such as geospatial technology that makes use of geo-mapping algorithms, GPS sense data, and more, the digital oil field is becoming extremely reliable and effective.

As it is increasingly important for an oil or a gas company to have a platform that seems to be compatible to build a digital oil field to the best possible, the ability of mobile technology is gaining immense traction. Platforms that are optimized for mobile systems can easily cement with the existing databases and web services. In addition, the digital platforms that support the conceptualization of the digital oil field can access the valuable and actionable insights of the data that, when accessed, can give fruitful results.

Shifting to a digital oil field is sure to increase revenue to an unimaginable level. The payoffs that are assured by the digital field technology is real, reliable, and undoubtedly tangible, but despite this, the oil and gas firms think twice in adopting this concept, and those who do are doing at a very slow pace. But, it is indeed good news that the digital oil field has great merits to foster.

[nidhisolunus]

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https://www.solunus.com/post/helping-resolve-account-and-opportunity-management-problems-using-salesforce-case-study

[newshourbd]

Energy firms rallied on Wednesday after a surge in oil prices

#Energyfirms rallied on Wednesday after a surge in #oilprices

Energy firms rallied on Wednesday after a surge in oil prices but most Asian markets fluctuated as trade war fears torment investors.

Both main crude contracts piled higher after the State Department warned US allies they would be hit with sanctions if they did not halt Iran oil purchases by November 4, reports BSS.

Analysts said that while the announcement was not unexpected, the mere…

[newshourbd]

Energy firms once again sank in Asian trade

#Energyfirms once again sank in #Asiantrade

News Hour:

Energy firms once again sank in Asian trade on Thursday after another plunge in oil prices as glut fears return, though most regional markets enjoyed a recovery from the previous day’s sell-off.

Crude traders are firmly in retreat as production cuts led by OPEC and Russia fail to calm fears about increasing output in the US and other nations including Nigeria, reports BSS.

Both main…