energycioinsights

Top 10 Onshore/Offshore Technology Solution Providers - 2018

Outsourcing technology solutions to both onshore and offshore partners have been a conventional and regular practice for many businesses. However, the recent years have witnessed a significant shift in outsourcing trends adopted by many companies across the globe. Outsourcing the projects to offshore partners has always been a mostly uncontentious practice for many companies. Nevertheless, recent research showed that when it comes to outsourcing, companies consider the proximity of the talent pool to be a critical success factor. Outsourcing operations to another company located in the home country or region have allowed businesses to leverage the benefits of highly skilled labor with little or no language barrier. Furthermore, the increasing cost of offshore resources has reduced the merit available from a pure labor arbitrage perspective. Outsourcing operations of the company within the country also have the added advantage of probability for more frequent site visits. Besides, the proliferation of automation into working space that eliminates the need for humans to perform transactional activities has also attributed to diminishing demand for offshore/low-cost resources. The recent change in political scenarios such as the 2016 US elections and the Brexit Referendum have also influenced pre-existing outsourcing practices. This has pushed leading companies to increasingly discard their old outsourcing model and set up outsourcing centers in remote and small US cities.

The advent of revolutionizing technologies such as artificial intelligence, machine learning, blockchain, and increasing cybersecurity needs has prompted businesses to leverage these technologies to stay competitive. Companies outsourcing their operations offshore into countries such as India and Vietnam are thus increasingly investing in talents that possess these cutting-edge skills.

Our distinguished selection panel comprising CEOs, CIOs, CFOs, industry analysts, and Energy CIO Insights editorial board have thoroughly analyzed the industry and recognized the key players. We present to you, Energy CIO Insights “Top 10 Onshore/Offshore Technology Solution Providers - 2018.”

Company Logo Company Name Company Description
CREAFORM Creaform’s Pipecheck solution provides an easy-to-learn alternative for pipeline inspection to pipeline owners, operators and NDT service companies
FutureOn FutureOn provides data visualization and collaboration solutions for clients worldwide in the oil and gas subsea domain
MSC Software Develops simulation software technology that enables engineers to validate and optimize their designs using virtual prototypes
Pason Systems Renders 360-degree solution to assists its clients in collecting, managing, reporting, and analyzing real-time drilling data for optimizing their drilling operations
Peloton Provides integrated well lifecycle solutions to manage, simplify, and optimize operations
Schlumberger The world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry
Scientific Drilling A leading provider in the global wellbore navigation services market as well as the US directional services market
TechnipFMC Provides clients with deep expertise across subsea, onshore/offshore and surface projects
Verdazo Analytics Helps energy producers make smarter, faster decisions by revealing the hidden insights in complex data visual analysis tools, custom reports, and its dynamic discovery analytics workflows
Waterfield Energy Software Offers full-suite of functionality for upstream and midstream accounting, along with transportation, storage, and terminalling transaction management for the energy sector