The biggest challenge oil and gas companies face in addressing digital changes in the industry is equipping their people with a common base of understanding of digital. Without a common base of definitions, terminology, and frameworks, organizations run the risk that their digital agenda will be defined by specific vendors which can have unintended consequences. Suppliers of technology, IT professionals, universities and consultants all use variants of their own proprietary approaches to digital that, well-intentioned, can create poor transparency, bias and prejudice. Without a common base, teams drift into silos, management blocks innovation and Boards cannot execute their oversight role.
Leveraging the book, ‘Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas’, this course is a one-day digital awareness training program specific to the oil and gas industry. Suitable for Boards, management, and digital delivery teams, this course addresses a broad range of the oil and gas industry and the nature of digital innovations that are most important. The course includes key management topics like the nature of digital impacts and timing, risks that must be managed, the business case for change, the role of new methods like agile in driving success, organizing a digital team, the impacts on people, and how to set roadmaps.
The course is highly interactive, with plenty of team work, collaboration and quizzes. Participants are actively engaged using techniques like world cafe and rice storm, and the curriculum incorporates mini lectures, round tables, larger group discussions, individual and team work, work sheet completion, and short presentations.
Former partner with one of the Big 4 consulting firms, I have over 30 years of experience advising the oil and gas, energy and technology companies to help create lasting value. My clients include very large integrated oil companies, downstream petroleum refiners and marketers, pipeline companies, fracking services, drilling and completions services, logistics, LNG projects, and many more. Most of my work over 3 decades has been at the intersection of a business problem and a technology solution, and since 2013, the impacts of digital technologies and the oil and gas industry.
Throughout my career, I have conducted, led or advised hundreds of project and management teams who were driving change in their companies, and am widely versed in the issues facing oil and gas. My work has included projects around the world in Canada, the US, Australia, Hong Kong, Japan, China, Korea, and the Caribbean. Digital innovation is now a global phenomenon, and is impacting many of the most intractable problems and challenges facing the sector.
Specific areas of depth include:
• Oil and gas business strategy • Digital strategy for oil, gas, LNG, services and technologies • Business case development for digital transformation programs • Blockchain and its application in heavy asset industries
I teach regularly at the MBA level on energy issues, and am widely sought after as a public speaker and commentator on issues facing the industry. My events page provides an indication of the many speaking engagements, panel discussions and key note addresses that I have delivered in the recent past. I publish the #1 ranked website and podcast on digital oil and gas, and I am routinely described as a thought leader on digital topics facing the industry.
Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas
Tops in its categories on Amazon is my book, ‘Bits, Bytes, and Barrels’. Two years in the writing, this embracing work addresses how digital innovation will impact the oil and gas sector. Read more on my book page.
Why Digital Oil and Gas is Critical
Digital Innovations are expected to impact the oil and gas along Four-Vectors:
Growing Supplies Digital innovations applied to resource evaluations and reserves analysis are expected to grow global reserves by 5% or 500b boe, worth $22 trillion
Lowering Costs Digital innovations will reduce costs by 20% across the entire supply chain.
Raising Productivity Digital innovations will improve productivity of assets by 20%.
Altering Demand Digital innovations may erode demand for transportation fuels by 50% by 2040.
Who is this Session Designed for?
This one-day session is designed to help oil and gas industry professionals raise their digital acumen to help unlock the demand for digital innovation.
Oil and gas companies, particularly integrated companies
Companies in the upstream, midstream, and downstream
Field services companies that provide services to the industry
Managers and supervisors seeking a better understanding of digital effects
Teams of workers tasked with addressing digital innovations
Consultants to the industry
Other suppliers to the industry (telecoms, software companies, digital solutions providers) who want an understanding of industry issues
Regulators, policy makers
Module 1 – What is Digital?
Digital definitions, terminology and illustrations
Key drivers of digital innovation
A framework for structuring digital innovations in context
The leading digital technologies and their emerging oil and gas use cases
Case examples of specific combinatorial digital innovations and impacts
Module 2 – The Impacts of Digital on industry segments
Key orthodoxies of the industry that digital transforms
Reviews of the impacts of digital innovation on segments of the industry
Module 3 – Management Challenges
Organizing a team to tackle digital transformation
Digital risks to be managed
Talent management and skills required
Addressing the challenges of change management
Module 4 – Moving Forward
The business case for digital innovation
Strategic planning methods for approaching digital innovations
Detailed Session Information
International Energy Agency, Cisco, IBM
The growth of data
Power of analytics
Market capitalization of digital companies
Framework for digital innovation
Importance of data to digital
Oil and gas issues with data
Internet of Things
SCADA and IoT
Definitions – AI, ML, deep learning
Role of AI in the future
Use cases in oil and gas – maintenance, field operations, optimization
Robots in the field and office
3D printing and impacts on oil and gas
Use cases – submersible, inspections, surveillance, data collection
Types of clouds – private, hybrid
Role of cloud computing
Impacts of cloud computing on oil and gas business models