The demand shock in the energy sector has undoubtedly been the ripple effect from the Covid-19 pandemic. And the resulting supply glut has hammered the per barrel rate of crude oil crashing below profit margin. While the crisis is indeed unprecedented, the energy sector has to keep their operations running. Shutting down an entire unit can cost them millions of dollars. Therefore, cost optimization is one of the primary concerns for many onshore and offshore drilling companies now. To this end, many rigging stations are already digitalizing their operations to jump on the bandwagon of the work from home culture.
It is now imperative for oil and gas companies to have greater visibility into their inventory, spare parts, and warehouse operations to speed deliveries, reduce costs, and minimize downtime. They now need more efficient processes at places that cuts down on errors, increases accuracy, and provides a clear picture of their warehouse and last-mile process. The advent of innovative technologies like cloud and machine learning tools, at this point, helps onshore and offshore energy companies to revamp their operation and meet today’s new standards of business. Additionally, in the present light of coronavirus-stricken world, energy producers need something that will protect workers from potential infection. Digitalization of manual processes can also necessarily eliminate multiple human touchpoints, thereby reducing the chances of any community spreading of the pandemic. And to ensure enterprises in all regions of the world are benefiting from such innovations, onshore and offshore solution providers have emerged.
Today, there are a wide variety of onshore and offshore technology solution providers entering the industry with a set of advanced and integrated offerings. To help companies navigate through the best-of-breed solution providers, Energy CIO Insights has compiled a list of the ‘Top 10 Onshore and Offshore Technology Solution Providers 2020.’ This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best onshore and offshore technology solution providers according to your requirements.
We present to you Energy CIO Insights’ “Top 10 Onshore and Offshore Technology Solution Providers – 2020.”