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Five strategies to transform the oil and gas supply chain

McKinsey

Companies in the oil and gas supply chain have gone from boom to bust in the past two years. Here are five strategies oil-field service and equipment companies are exploring to adjust to the changing environment.

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AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.

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How IoT Integration With Remote Collaboration Tools Can Transform Oil and Gas

Coolfire Core

Data within the oil and gas industry has always been a precious commodity. Thats why, for a long time, oil and gas technology took the form of proprietary systems companies developed in-house. Rapid sharing of cargo shipping data In the field, oil and gas technology can enhance operational efficiency in every arena.

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Software Is the Missing Piece to Oil & Gas Digital Transformation

Coolfire Core

Low-power sensors already help monitor oil and gas operations, but the true benefit of this real-time visibility will lie in data-driven decision-making throughout the supply chain. This IoT tech is capable of gathering, transmitting, and utilizing data and its already making waves in the oil and gas industry.

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Demand, tariffs and production economics will drive reshoring revival

Enverus

“Domestic manufacturing of clean energy materials is expected to rise because of tariffs and the desire to reduce reliance on the international supply chain. The CHIPS and Science Act is creating an equal playing field in terms of production costs, Kang said.

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Top 5 Blog Posts from 2019

Coolfire Core

Trucking Customers Want Visibility – Here’s How To Deliver With real-time awareness of shipment status, supply chain partners can be proactive in finding solutions and potentially avoid costly out-of-stock scenarios. Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019.

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Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?