Tag: Well Automation
Sensors, automation driving down costs in US oil patch
Despite the major spending cuts across the sector, the low price environment has created an impetus to invest in sensor innovations throughout the value chain BOSTON, MA – The oil and gas industry is by far one of the oldest industries to use sensors, where sensors have been used upstream to find oil reserves, monitoring […]
New pay-per-use equipment business model could end capex for oil, gas producers
Value propositions for predictive maintenance: longer asset up-time, lower maintenance costs, higher productivity, improvements in operational cost/efficiency Technology advances are powering a new generation of “predictive maintenance solutions” that could lead upstream oil and gas equipment suppliers to pay-per-use business models that change the way producers think of capital expenditures, according to a new study. Lux Research has released a report […]
Demand for real-time info propels shale gas automation market – Technavio
Global supervisory control and data acquisition (SCADA) solutions market in shale gas industry valued at $196.4 million in 2015 According to the latest research study released by Technavio, the global automation solutions market in the shale gas industry is expected to reach over $683 million in revenue by 2020. “Exploration and production are key activities […]
Well automation reduces costs, boosts production for Permian Basin operators
Complete well automation system, including installation, as low as $3,000 Monitoring and optimizing wells remotely is a great way for the modern oilfield to deliver ever greater efficiency, driving down costs to remain competitive when prices are low, says Mike Swihart, CEO of Production Lift Technologies. “We belive the industry is going to have to be more […]
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