2020 Energy and Utilities Predictions

by   |    |   6 minutes  |  in Energy, Utilities & Resources, Oil & Gas

The world has never been more aware of the importance of conserving resources and reducing carbon emissions. Nowhere is this growing consciousness more keenly felt than in the energy sector. Companies need to navigate increasingly demanding taxation regimes and government policies as well as the negative perception connected to fossil fuel taking root among the general population and…

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IFS Oil & Gas Expertise

by   |    |   5 minutes  |  in Energy, Utilities & Resources, Oil & Gas

As we stand back and reflect on 2019, I am immensely proud of what the IFS team has achieved in partnership with our customers. With many high-profile customers committing to upgrading to our latest version of IFS Applications, many going live within the year, and the high number of new tier-one players selecting IFS, validates…

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by   |    |   6 minutes  |  in Creativity & Innovation, IFS Applications, Oil & Gas, Transform Your Business

How do you provide accommodations for construction workers when their work site is an oil rig located 500 miles from shore? You turn to Floatel, whose fleet of floating hotels provide comfortable lodgings above deep waters and hostile environments around the world. I recently had the opportunity to speak with IFS Challenger Champion Marie Sköldenborg, who…

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6's of Success for oil & gas

by   |    |   3 minutes  |  in Oil & Gas, Strategy, Transform Your Business

As we enter an era of hyper connectivity, trillion-dollar corporations and artificial intelligence, industries and companies must adapt to accommodate this new environment badged globalization 4.0 by the World Economic Forum (WEF). As these themes are discussed in Geneva this week, we outline a simple model to take advantage of it. Globalization 4.0 and the…

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Oil Rig Digital Twin

by   |    |   3 minutes  |  in Energy, Utilities & Resources, Oil & Gas

According to a recent report from EY analysing the Norwegian Oilfield Services in 2018, all oil and gas sectors will experience growth in 2019. This following a fall of nearly 2 percent in exploration and production drilling in 2018 – which EY also expect to grow by 10 percent in 2019. Industry growth and innovation…

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by   |    |   8 minutes  |  in Energy, Utilities & Resources, Oil & Gas, Transform Your Business

Renewables accelerating even faster than previously predicted, CX and UX driving innovation, a new generation of proactive consumers driving demand for more diversified energy, business and payment models: In 2019 energy and utility companies face the challenges of an industry rapidly diversifying, decentralizing and digitizing. The sure-fire way to keep up? Make sure you stay…

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Digital investments are key to the recovery of the mining industry

by   |    |   8 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Oil & Gas, Service, Strategy

Digital investments, new business models, digital twins and IoT empower mining companies to leverage industry recovery. After a tough couple of years, the recovery of the mining industry started in 2017, and now is the time to kick it into a higher gear and benefit from being an early mover. Digital investments and new charging…

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How oil companies can adjust their business to a period of recovery

by   |    |   3 minutes  |  in Business Technology, Creativity & Innovation, Oil & Gas, Research, Strategy

The oil and gas industry is recovering, but companies need to deal with a new reality where a lot of the former experience, knowledge and skills no longer remain. The upstream oil industry was severely damaged by the collapse in oil prices. The crisis began in 2014 when oil prices started to drop, and this…

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2018 tendances pétrole et gaz

by   |    |   6 minutes  |  in Business Technology, Creativity & Innovation, Oil & Gas, Research, Strategy

Many oil and gas companies experienced a tough couple of years recently, as oil prices plummeted to record-low levels. The recovery of the industry started in 2017, though, and now is the time to kick it into a higher gear to reap the benefits of being an early mover. New charging models, digital investments and…

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