Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas

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.

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Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas

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.

9.95 In Stock
Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas

Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas

Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas

Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas

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Overview

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.


Product Details

BN ID: 2940156026227
Publisher: Geoffrey Cann
Publication date: 03/14/2019
Sold by: Smashwords
Format: eBook
File size: 2 MB

About the Author

Former partner with one of the Big 4 consulting firms, Geoffrey Cann has thirty years of experience advising oil and gas, energy, and technology companies to help create lasting value. He specializes at the intersection of digital technologies and the oil and gas industry. Geoffrey teaches regularly at the MBA level on energy issues, and is widely sought after as a public speaker and commentator on issues facing the industry. He publishes the #1 ranked website and podcast on digital oil and gas.


Rachael values lifelong learning and innovation and always aims to integrate these concepts into the work she does. Since joining Deloitte in 2001, she has worked as a consultant with clients across multiple industries. Her journey has taken her to work directly, or as Board volunteer, in education, banking, telecommunications, technology, and—for the last twelve years—energy. Rachael met Geoffrey in 2017 when they began collaborating to bringing digital innovation to clients across the energy value chain. She earned her undergraduate degree in psychology from the University of Pennsylvania and her MBA (with a focus on information technology and business transformation) from the Sloan School of Management at MIT.

Table of Contents

Introduction

Part 1 - What is “Digital”? Data, Analytics, and Connectivity

The Data Torrent

Cheap Math

Big Pipes

Lessons from the Front

Part 2 - Essential Building Blocks: The Digital Tools for Oil and Gas

Cloud Computing

Enterprise Resource Planning

Artificial Intelligence

Industrial Internet of Things

Autonomous Technologies

3-D Printing

Digital Reality

Gamification

Blockchain

Combining Digital Technologies

Part 3 - Long Fuse, Big Bang: Digital’s Impact on the Value Chain

Exploration: A Spectacular Bang!

Production: Sputter and Fizzle

Field Services: Kaboom!

Processing and Refining: Low and Slow

Fuel Retailing: The Fuse Is Lit

Capital Projects: The Long, Long Fuse

Turnarounds: Slowly but Surely

Support Functions: Short Fuse, Big Bang

Part 4 - Organizing a Digital Program: Ideas for Managers

Getting Governance Right

The First Step is the Hardest

Tackling the Data Monster

Managing the Cyber Risks

The Talent Model

Agile: How Digital Gets Done

Leading the Change

Implementing Retail Systems

Part 5 - Nose In, Hands Off: The Board’s Role in Moving Forward

Getting Smart on Digital

Raising Board Awareness

Scenarios of the Future

What Is Digital Strategy?

The Role of Ecosystems

Setting Goals for Digital

The Economic Argument

Conclusion

Acknowledgements

Glossary of Terms and Abbreviations

References

Index

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