As the energy companies continue to rely on systems like the traditional turbine and steam generators that require more space to set up and weigh heavier than the contemporary toolsets, tasks such as drill, wellbore, and wireline have remained challenging. Besides, some of the recent environmental disasters have cast a negative spotlight on the energy sector. The rise in pro-eco legislation and political pressure also pose a significant predicament to traditional onshore and offshore companies. Furthermore, oil prices are highly volatile and susceptible to substantial drop due to the world geopolitical situation, increasing the need for companies to optimize production while cutting down cost.
Several government and private players utilize emerging technologies like artificial intelligence (AI), machine learning, IoT, autonomous bots, and drones to enhance the operations of offshore and onshore companies with reduced safety risks. These technological advancements can help in preventing unforeseen equipment failures by predicting errors. They also aid in timely maintenance that leads to extended life of complicated and costly machinery. Implementing these technologies, the industry players can not only ensure human safety while working in extreme environments but also eliminate equipment breakdown. The result: improved operational efficiency, low cost, and a sustainable future.
To help CIOs navigate through the list of onshore and offshore technology solution providers, our distinguished selection panel, comprising CEOs, CIOs and VCs, industry analysts and the editorial board of Energy CIO Insights narrowed the top 10 onshore and offshore technology solution providers 2019 that exhibit competence in delivering robust solutions.
We present to you Energy CIO Insights’s “Top 10 Onshore and Offshore Technology Solution Providers 2019.”