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Oil & Gas: Tech Booms During The Bust

Travel is an essential component of a day in the life of an oil and gas worker, from roughnecks to welders to risk management specialists. Not only do workers travel far and wide to complete a job, but the industry itself has made an impressive contribution to technology at large.

January 2016 Blog Picture 2Oil and gas workers have a reputation for being independent, self-starters with a knack for problem solving, It’s no surprise that the industry has long been a beacon of innovation. In a recent article from Forbes, Bill Tucker cites the specific technology from GroundMetrics, a company that helps companies pinpoint drilling locations. Technology makes the job simpler and it allows decision makers to be better informed about whether or not to drill at all. Better decisions help companies save money by reducing pre-well costs. For example, PBS reported that Southwestern Energy reduced number of days needed to drill a well from 17 to seven thanks to increased accuracy through software.

Travel may be the sector of the oil & gas industry that has seen the most innovation. From the plains of Kansas to the coast of Alaska, reliable technology is crucial for overcoming the difficulties of management at a distance. Even medical assistance has forged light years ahead thanks to companies like NuPhysica. The telemedicine company uses high-tech video calls to diagnose injured employees and offer treatment solutions. Venturebeat says that NuPhysica saved an oil company $30,000 in emergency transport by diagnosing an offshore rig worker remotely.

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This entry was posted on Thursday, January 21st, 2016 at 11:19 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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