Connect with us

Tech + Startups

How Technology Is Changing the Oil and Gas Industry

The way technology helps improve the oil and gas industry is twofold. First, you have improvements in mechanical technology. Second, you have the improvements that come from the increased use of sophisticated digital technology. In other words, the oil and gas industry is experiencing a boost in both hardware and software fields, which results in greater safety, profitability and overall efficiency. Here are six important improvements.

1. Monitoring capability

When it comes to the oil and gas industries, it cannot be overstated how vital safety is. The best way to increase it would be to monitor various relevant metrics and set up an alarm notification system that will alert you if anything goes wrong. The best thing about this is the fact that it requires minimal human presence, as well as the fact that all of these systems can be shut down automatically and remotely. This means that technology reduces the number of hazards that people in the industry are exposed to.

2. Reducing operating costs

Digital technology allows for a lot more efficient programming of your equipment, which helps you achieve much greater efficiency. This way, the energy-per-performance ratio is at its all-time-highest and the waste produced is minimal. The damage to the equipment is also minimal and so is the downtime. In other words, capital expenditure can be drastically reduced with the use of digital technology (in some scenarios, even down by 20 percent). One example of this increased efficiency is the fact that you can achieve a better usage of reservoir space, with the help of digital technology.

3. Predictive maintenance

With the help of the above-listed monitoring capacities, you will be able to not just reduce the level of danger that people in the industry are exposed to but also become more efficient when it comes to predictive maintenance. What this means is that an oil company can make an estimate of how many working hours some of their equipment has left and to make orders for replacement parts online. This way, the downtime (which can be incredibly expensive in this industry), can be particularly effective. Other than this, finding suitable oilfield equipment and doing your research is far easier than it ever was before.

4. Better marketing distribution

Even in the oil industry, proper use of marketing can make or break your success. Therefore, the use of technology and analytics can make all the difference. Studying the prices of other companies in order to remain competitive is just one way of achieving this. The same goes for studying consumer habits. All of this can be used to properly tailor your business model and ensure that it’s aligned with the rest of the industry requirements. For you, as a business, each of these changes increases either profitability or the cost-effectiveness of your processes, even if it doesn’t directly improve the performance of your hardware.

5. Reducing the human cost

Human labor is a major factor in the oil and gas industry. The problem lies in the fact that these are highly paid jobs that are always in demand, which makes the job market quite troublesome for companies. By being able to entrust at least a part of this workload to present-day technology, the efficiency would be drastically increased. However, this doesn’t mean that the human workforce in the industry will become unnecessary or obsolete. Real, human operators will always be indispensable.

6. Setting up infrastructure

Through more efficient calibration, determining the ideal position for the facility is now more reliable than it ever was. Other than this, with the advancements in construction equipment, it is now possible to achieve a significant reduction in the construction cost. This is especially important due to the fact that a major part of this construction is below the surface. Later on, when you have to decommission the facility, you also have an easier job of doing so. An easier job is always a more frugal project, as well. All in all, these improvements seem to be growing at a substantial pace.


All of these savings allow for companies to make savings where it’s most important. This allows you to keep the oil prices somewhat lower, which, in turn, creates a substantial boost to one’s market share and total market value. In this scenario, however, what’s good for the major company is also good for the market, which means greater safety, greater cost-efficiency and stronger oil industry, overall.

Isabella Rossellini is a marketing and communication expert. She also serves as content developer with many years of experience. She has previously covered an extensive range of topics in her posts, including business and start-ups.

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Real Estate Disruptors4 days ago

From Nothing To The Top 7% Percent In Real Estate With Joe And Lety Torres

What’s your backstory?    (Lety) We both have parents who immigrated to the US from Mexico. We were fortunate to...

Social Media1 week ago

Khaby Lame Becomes The Most Followed TikToker in The World

Khabane Lame was a machine operator but now trending and just became a star from an account he created on...

Tiger_Shroff Tiger_Shroff
Entertainment1 week ago

Meet Bollywood Star Tiger Shroff

Tiger Shroff has a long history in the film industry, starting before his birth. With prominent parents in the industry...

Amanda Bernardo Amanda Bernardo
Women Who Disrupt1 week ago

Meet “The Pizza Princess” Amanda Bernardo

If you live in or near New Haven, Connecticut, you may be familiar with the hidden gem that is “New...

Shirley_Setia Shirley_Setia
Women Who Disrupt2 weeks ago

Meet Upcoming Bollywood Star Shirley Setia

Shirley Setia is the little Kiwi that could. Coming out of seemingly nowhere with a hit cover on YouTube, she...

two people shaking hands two people shaking hands
Diversity in Tech2 weeks ago

How the Best Leaders Create and Build Trust in a Modern Workplace

Being a leader in any setting can be challenging but within professional settings, you really are juggling a lot at...

Jay Majors Jay Majors
Executive Voice3 weeks ago

How Jay Majors Is Disrupting The Barber Industry

When we see a successful figure in any industry, learning their story, where they came from, and how they’ve struggled...

Daymond JOhn Daymond JOhn
Executive Voice3 weeks ago

Daymond John Can’t be Stopped

Perhaps you know Daymond John from the wildly popular show Shark Tank. Or maybe you’re familiar with his revolutionary clothing...

Finance4 weeks ago

Ryan Carroll Establishes Wealth Assistants to Serve as a Launching Pad for Hopefuls Worldwide

Countless highly accomplished personalities and established authorities have proven that the pursuit of one’s passion can be a way to...

Business1 month ago

Social Media Star, TheBlondeJon’s Journey from Homelessness to Multimillionaire Status

A strong self-belief in oneself is a powerful enabler no matter the obstacles or challenges one faces on a journey....


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.