Oil and gas companies are facing several long-term challenges, including climate change and the scarcity of easily recoverable hydrocarbons. The industry must adapt and change as a result of these challenges. The two main benefits of cloud solutions for oil and gas companies are the decrease in IT costs and the facilitation of a number of other technologies that will be crucial for an industry requiring a large adjustment in the face of mega-themes such as sustainability.
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Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered via cloud platforms supports the adoption of other technologies, such as intelligent management of physical assets, which facilitates greater operational efficiency.
Leading cloud solutions for oil and gas companies
Oil and gas companies began tentatively adopting cloud computing over a decade ago, but in recent years the importance of the cloud in the industry has grown. More companies are adopting cloud-first strategies indicating the long-term importance of the cloud. Cloud computing for oil and gas is a facilitator for the adoption of other valuable technologies that can save time, money and energy, including artificial intelligence and machine learning.
Adopting the cloud and associated technologies can be an effective strategy to protect against universal industry challenges. Cloud adopters will be better placed to swiftly implement new time, energy and cost-saving technologies that will help oil and gas companies adapt to the changing industry.
Leading adopters of cloud computing in the oil and gas industry include Chevron, BP, Shell, Total, and ExxonMobil.
Discover the leading offshore cloud services and cloud solutions for oil and gas companies
Using its experience in the sector, Offshore Technology has listed some of the leading companies providing products and services related to the cloud.
The information provided in the download document is drafted for oil and gas executives and technology leaders involved in oil and gas cloud solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Amongst the leading suppliers of cloud computing to oil and gas companies are AVEVA, Microsoft, Pivvot, Cegal, SAP and Oracle.
Future of cloud computing in the oil and gas industry
The market size of cloud in the energy industry is forecast to grow by a compound annual growth rate of 5.6% to 2024. Oil and gas companies that best exploit the potential of the cloud in their business and implement the technology strategically stand to benefit from this theme.
For full details (including contact details) on the leading companies within this space, download the free Buyer’s Guide below:
Frequently asked questions
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How is cloud computing transforming the oil and gas industry?
Cloud computing is transforming the oil and gas sector by providing scalable data management, reducing IT costs, and enabling real-time analytics. It supports the adoption of advanced technologies such as AI and machine learning, which improve asset management, operational efficiency, and predictive maintenance.
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What are the key benefits of cloud solutions for oil and gas companies?
Cloud solutions improve operational flexibility, enhance data security, and facilitate remote monitoring. They also allow for the integration of various technologies, driving greater innovation in exploration and production.
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How is cloud technology enhancing sustainability in oil and gas?
Cloud computing supports energy-efficient operations by enabling smart resource management and reducing waste. It helps companies monitor emissions and energy consumption in real-time, contributing to more sustainable practices within the industry.
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Which leading companies are providing cloud solutions to the oil and gas sector?
Leading providers of cloud solutions in the oil and gas industry include AVEVA, Microsoft, SAP, Oracle, and Cegal. These companies offer tailored cloud services to support various operations, from data analytics to infrastructure management.
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What challenges are faced in implementing cloud technology in the oil and gas industry?
Challenges include cybersecurity risks, data privacy concerns, and the integration of cloud solutions with legacy systems. Additionally, the industry must ensure regulatory compliance and manage the high volume of sensitive data generated during operations.