Technology & Innovation
Innovative new materials have potential applications in the oil and gas sector and beyond.
From industrial waste to a high-grade fertiliser – how Carbon Mining are transforming carbon dioxide.
This advertorial is contributed by AOG exhibitor, Carbon Mining.
Joint media release with Western Australia Minister for Water, Forestry, Innovation and ICT, Science, Youth, the Hon Dave Kelly MLA.
A Case study: Baker Hughes and the Oil Field Alliance
The founder and CEO of a WA-based technology company says Australia has the capability to lead the world in oil and gas innovation and technology, but policy change and bravery within the industry are needed to do it.
With advances in PLC and DCS technology, data collection in oil and gas process control systems has become cheaper and more plentiful in recent years, and this looks set to continue. Within these vast data stores, lies a gold mine of information that can help us better control, diagnose, and understand industrial systems.
Among the hundreds of thousands of pieces of equipment utilised in this industry, the unsung workhorse has to be the humble ‘fin fans’ (or air cooled heat exchanger). There are hundreds of them in every single plant and, if a small percentage fail, the whole plant might have to be shut down.
The recent turbulence in cryptocurrencies such as Bitcoin and Ethereum has brought blockchain implementation into the public eye. At the same time, CXOs across industries are increasingly recognizing the potential value that blockchain can deliver.
Leading Australian employment consultancy Hays recently reported the outlook for the oil and gas industry was mainly positive, particularly in Western Australia, where there is increased growth in maintenance and sustainability.
Cost is not the biggest concern preventing oil and gas digital transformation – despite many organisations reducing IT spend in the face of challenging industry conditions.