OIL & GAS TECHNOLOGY
Technology has the potential to create enormous opportunity, but also presents several challenges. Digital disruption in the oil and gas space is no different. As many sectors worldwide have embarked on their own digital journeys, the energy sector has also started to explore the promise of digital enablement and Big Data.
Dr Alec Gruss is the head of digital solutions at the Dresser-Rand business, part of Siemens Power and Gas sees the advance of digitalisation as a step change in how oil and gas does business. “If you look at what digital disruption has meant in other industries or in our private lives, you can see the impact it can have,” he says. “If you compare that to the current state of the oil and gas industry you can see there is a long way to go. Things are being designed in software and yet datasheets are being sent in either paper form of PDFs of drawings; if revisions need to be made they need to be digitalised.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.