Next Generation Technology To Double Oil And Gas Reserves By 2050 09/10/17 •lweb.es/f3759 •bit.ly/2AzDWUN
Next-generation technology will connect workers, suppliers, customers and assets through a reimagined business model. By leveraging Internet of Things enabled devices, the oil industry could turn insight into action. By using connected instruments from wellheads or pipelines to an integrated data repository, data sources will have increased insight into production. A cloud-based solution that aligns with talent as well as procurement provides integrated support to the supplier network, creating increased efficiency and cost savings. By optimization oil companies will have more time and resources to invest in technology to help increase oil reserves.
The worst crude-market crash in a generation has propelled energy companies into the digital world. Now they’re using DNA sequencing to track crude molecules and mapping buried streams with imaging software. Robots are fitting pipes together. Roughnecks consult mobile apps for drilling-direction advice. Algorithms adjust the extraction flow based on computer monitoring hundreds of feet below. “You’ve had a clear shift occur where onshore North America for the first time in recent history has become a technology play.” said Tom Curran, an energy analyst at FBR Capital Markets.
The German company E.ON is investing in the development of airborne wind energy, which offers “game-changing technologies for renewable energy production”. 
Statoil and its partners have put the first subsea gas compression facility on line at Aasgard in the Norwegian Sea. Subsea compression will add some 306 million barrels of oil equivalent to total output over the field’s life.
Total has entered a special licensing agreement with Eni for use of Eni Slurry Technology (EST), which has been developed by the Italian operator to convert heavy bottom-of-the-barrel feedstock into lighter, high-value products.