Investments for the Future

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jrenbb
Last updated: Aug 09, 2017
3 min read

 -- by James Castles      August 8, 2017

With digital technologies and solutions becoming more prevalent and refined for market use, companies are starting to announce large investment plans and initiatives. These plans focus on moving the Oil & Gas industry forward for generations to come. 

The investments focus on new projects and new technology. They come in a variety of sizes and from a variety of entities - ranging from $2 Million to $300 Billion and from internal investments to outside private equity involvement. 

The main goal in mind is to build out new projects for the future, while allowing current and future projects to be safer and generate higher profit margins. Achieving this through new digitized operations and leveraging technical solutions.

Here are some recent stories highlighting investments and digital involvement:

Operators Embrace Digital Technologies to Improve Production Efficiency

World Oil
David Wethe elaborates on the usage of digital technology in Oil & Gas. Using great examples from Schlumberger's Silicon Valley office, drawing comparisons from the automotive industry, and highlighting the key areas in which new technology can be utilized for Oil & Gas companies.


Shell Opens New Technology Center

World Oil
Shell opens a large new facility in Bangalore that is able to house up to 1,500 people. This facility will allow some of the brightest minds to collaborate in one spot to try to expedite the implementation of new technology. The R&D facility is host to a variety of experts in different technical fields. 


Aramco to Invest $300 Billion Over the Next Decade

Oil & Gas Journal
Saudi Aramco is taking an aggressive stance on the importance of investment moving forward. They want to make sure they meet demand levels in future years and are incorporating digital technologies within their projects to ensure increased safety and high ROI. 

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Atomiton is a leading industrial IoT software company headquartered in the Silicon Valley.  It is a Top 20 Disruptive Tech Companies recognized by the CFO Magazine in 2017.

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