Who Said Data is the New Oil? The term “data is the new oil” was coined by British mathematician and data scientist Clive Humby in 2006. Since then, many people have used this idea or something similar. But it wasn’t until 2017 that The Economist...
With the recent introduction of digital technologies in exploration, drilling and production, the oil and gas industry has become more data-driven. Seismic and micro-seismic data analysis, improved reservoir characterization and simulation, reduced drilling time and...
Oil production data is extremely valuable for businesses because it provides information on how much oil is being produced, where it is being produced, what the quality of the oil is, and gas production which often goes hand in hand. This data can be used to...
The oil and gas market is one of the most important markets in the world. It is a global market that is worth trillions of dollars and it affects the lives of everyone on the planet. The oil and gas market is complex and it is constantly changing. Market data is...
Getting Started with 7 Step Strategic Procurement Process Choosing a cost strategy, decreasing delivery times, and identifying optimum business partners can all be achieved through an appropriate procurement process. There is no one-size-fits-all approach for...
