innovation

When technology startups and oil and gas companies finally agree to run a pilot test, there are a few things both sides of the table should know before they move forward.

You would never hear the manager of an oil company say they are a late adopter of technology but, in reality many are. By better understanding both sides of table, technology developers and oil and gas operators may find they can accelerate adoption cycles beyond the status quo.

Innovation is required, but it is not a super-power allowing engineers to effortlessly vaporize long-standing challenges.

Many column inches are filled with discussion of how companies need to operate in the lower-for-longer market that the upstream oil and gas industry continues to face.

Shell and GravityLight are working together in Kenya to convert the kinetic energy generated by the gravity of falling rocks to produce a safe, renewable source of light to those with no access to electricity .

Innovation occurs by thinking differently and creatively. What makes innovation commercial is its desirability to users, its viability in the marketplace, its economic soundness, and its basis in workable technology.

Big ideas for digital intelligence in Oil and Gas are being discussed at ATCE.

Schlumberger and Baker Hughes leaders said increased investments are critical to ensuring technological advancements for the industry.

Presentations at OTC's d5 event included discussion about the impact of industry disruption, the need for innovation, learning from technology failures, and how diversity contributes to success.

For deepwater development, panelists at OTC emphasized the need for scalable technology, the standardization and simplification of projects, patient capital investment in innovation, greater collaboration, and new perspectives coming from outside the industry.