| | NOVEMBER 2018 - 6E ERGYTech ReviewThe Oilfield industry has experienced numerous boom and bust cycles over the years, and the current status quo is increasing production and ensuring safety while achieving operational excellence. To achieve this feat, oil and gas companies today are focusing largely on Cloud, cognitive, and other digital disruptors to achieve operational excellence and be competitive in the global market.Digital oilfields are certainly the way to go ahead in the oil and gas sector. Technologies like Blockchain, machine intelligence, automation, and the Internet of Things are redefining mission-critical functions in the oilfield sector. Fueled by digital innovation, the new core trend presents a host of valuable opportunities for oil and gas companies to redefine heart-of-the-business work. The oil consumption is likely to increase twofold within the next two years resulting in a strain on human labor and capital expenses. That's precisely where digital oilfields service providers prove to be a boon as they can help the oil and gas companies to choose the right digital oil systems to extract high volumes of hydrocarbons with very less resources. The sensors equipped on the pipelines, wellheads and different equipment fitted along the upstream feedlot of minute data points to computers situated at the supervising station. These systems analyze and interpret valuable details about the condition and output.Investment in digital technology is helping the oil and gas organizations reduce costs and make faster, better decisions. The transformation to digital oilfields has given several tactical and strategic solutions throughout the industry. The solutions includes excellence centers linking the ideal minds to the greatest issues, workflow-oriented collaboration, visualization, virtualization, and optimization in support of quick decisions and insights. Many oil and gas companies are already using the power of engineering solutions to improve their oil production, and this trend is most likely to continue in future as well. Our aim with this edition is to bring to the foray the collective intelligence of industry experts like Skycasters, delivering state-of-the-art digital oilfield services. This edition also blends thought leadership from subject matter experts with real stories on what selected vendors are offering their clients, including exclusive insights from CIOs and CXOs. Let us know your thoughts.Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. E ERGYTech Review NOVEMBER - 27 - 2018, Vol 01 - Issue 04 Published by ValleyMedia, Inc. To subscribe to Energy Tech ReviewVisit www.energytechreview.com SalesRich Gonsalvesrich@energytechreview.comVisualizersJohn GouthamManaging EditorCharlotte SmithE ERGYTech ReviewEDITOR'S DESKDigital Oilfield Services: Disrupting the Conventional Model*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Kenny PeruzziCharlotte SmithManaging Editoreditor@energytechreview.com
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