A report from Research & Markets predicts that the global oil and gas drones market will be worth $4 billion by 2020. Up from $609 million in 2014. Drones are used to monitor pipelines, roads, storage tanks and for flare stack and rig inspections.
Technavio puts the value of the global actuator market at $6.15 billion in 2015 and projects it to reach $7.47 billion in 2020, driven by the ‘trend of automation.’ Another Technavio study puts the market for distributed acoustic sensing at over $418 million by 2020.
MHI’s third annual report on ‘potentially disruptive’ digital, ‘always-on’ supply chains sees challenges from a lack of trained personnel. MHI found ‘at least one’ of eight disruptive technologies could be a source of competitive advantage to the supply chain over the next 10 years.’ The ‘lack of a clear business case’ is the major barrier to investment.
RepRisk has released the third edition of its ‘most controversial projects’ report of environmental, social and governance risk. The study covers worldwide risks in oil and gas projects inter alia.
A new study from IDC Energy Insights finds that oil and gas CIOs ‘have their hands full’ in the current climate as they try to be more productive while reducing costs at the same time. Companies are tuning existing applications and processes and updating applications that help automate and optimize processes and workflows. Mobile is growing rapidly but cloud growth is only ‘moderate.’
Navigant Research puts the upstream communications market value at over $1.5 billion in 2016. Satellite is the leading technology with fixed fiber and wireless cited as ‘cost-effective alternatives.’ Semaphore is dead!
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