Artificial Intelligence in Upstream Oil and Gas


Increased use of machine learning technology is driving growth in artificial intelligence (AI) adoption. By 2020, it is estimated the market will be worth over $5 billion. Oil and gas is one of the key industries expected to reap rewards from AI, though adoption is slow compared to other sectors.
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Hydraulic Fracturing and the Water Environment


Hydraulic fracturing to obtain oil and natural gas has had a very positive impact on making the United States energy independent.  However, there are water related issues associated with the hydraulic fracturing process such as: water withdrawals; groundwater contamination associated with well drilling and production; wastewater management; truck traffic and its impacts on water quality; surface spills and leaks; and stormwater management.  Two of the most critical issues are water withdrawals and wastewater management.
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Downhole Water Detection and Measurement – Not a One-Size-Fits-All Process


Water is a significant by-product of the production of oil and gas – in some cases, accounting for up to 95% of produced fluids. The resulting reduction in revenues, coupled with the costs of water treatment and safe disposal, can render a well uneconomic – and even stop production altogether. But conventional techniques for monitoring the production profile of a well to enable troubleshooting are less effective in the increasing number of horizontal wells. Gaining insights into water production and location of inflows requires a number of trade-offs to be considered spanning accuracy, technology selection, measurement location and of course, cost. So what options are currently available to operators of oil and gas wells and what challenges remain?
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Four Ways Management Consultants Can Help Oil and Gas Companies Look to the Future


In today’s “lower for longer” commodity pricing environment, even the best positioned oil and gas companies are experiencing market challenges. Despite these challenges, executives should not lose sight of opportunities to make transformative changes that can help them derive greater value from their businesses. To emerge from this prolonged scenario stronger than before, executives should look at fortifying areas of their businesses through sustainable cost reduction strategies as well as capital and workforce management. Lower energy prices may leave some of the heavily indebted producers vulnerable as interest payments swallow up cash. Some of those organizations may have little choice but to sell, find partners, or recapitalize themselves, creating a need for advisors to guide them through this. By taking a closer look at the following four areas with the help of management consulting expertise, companies can begin to see value, savings and greater efficiency in their operations, thus allowing them to focus on thriving.
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From Assessment to Action: Extending the Role of Management Consultants in Oil & Gas


Whether it’s the need for manpower, cost savings, or an outside perspective, the impetus behind companies bringing in consultants is obvious – they’re looking for that competitive edge. One way to do that is to gain insight from the oil and gas industry’s heavy hitters. These experts are valuable because they bring a fresh pair of eyes to each environment. Often, they also offer a more holistic viewpoint of the industry, having likely worked across numerous companies and in varying capacities. This broad, outsider opinion helps consultants recognize ailing processes and recommend paths that allow companies to improve them. Something puzzling, however, is that a consultant’s job typically ends once the strategy is established or the assessment stage is complete.  How much more value could be realized if consultants saw their plans come to fruition.
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