SlideShare ist ein Scribd-Unternehmen logo
1 von 4
Downloaden Sie, um offline zu lesen
12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview
https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 1/4
How Tech and Energy are Teaming Up
by shawnnutley | Dec 2, 2021 | business, fintech, Shawn Nutley, Technology
As the oil and gas industry faces changes from high operational costs, increasing
sustainable investment movement, and the consistent low oil prices, companies are
turning to tech companies for help. Some of the ways tech companies in Silicon Valley can
help is by boosting efficiencies and streamlining operations.
The potential market for digital gas and oil could grow by over 500% in the next 5-6 six
years. This could save up to 150 billion dollars for oil producers and create an everlasting
market for tech service providers in the cloud computing business. The opportunities
include helping oil producers save on general administrative and operational costs,
transport costs, and cut capital expenditure and selling.
Microsoft announced its partnership with Chevron and Exxon in the last year. Alphabets,
the parent company of Google also, renewed its partnership with Schlumberger.
Additionally, BP and Shell receive digital services from Amazon web services.
a
a
12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview
https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 2/4
Why are They Teaming Up?
Several factors are driving this transition, one being the years of lagging returns for the
energy sector. Six years ago, when oil prices fetched more than 100 dollars per barrel, oil
producers didn’t look closely at their cost. In 2014 West Texas Intermediate (WTI) began a
downward trajectory, and while the prices have risen again, WTI remains down, forcing oil
and gas producers to adopt.
Energy has continued to underperform, which only accounts for less than 4 percent of the
S&P 500. There have been major advancements in the tech space, such as the rapid
iterations in data processing and machine learning. This has led to a cost decline for things
such as data storage due to wide-scale adaptations.
The Biggest Beneficiaries
As the big oil producers look for cloud computing and data services to help them in
performance, companies that provide such services could benefit more. According to
Barclays, the market for digital services could grow to an estimated value of $30 billion
yearly in the next five years compared to the current less than $5 billion annually. The
cloud computing market could potentially grow to $30 billion yearly. Given this potential,
tech companies are already vying for this market share.
The Environmental, Social and Governance (ESG) Factor
With the ever-growing movement for ESG, energy companies are getting vulnerable. The
environmental, social, and governance (ESG) factor is becoming a priority when making
investment decisions. Because of this, energy giants are relying upon tech companies for
solutions to make operations safer and cleaner.
RECENT POSTS
How Tech and Energy are Teaming Up
Why Leaders Need To Take Advantage of Mondays
Top Cyber Security Trends Of 2021
Leadership communication trends in 2021
What Is Civic Tech?
ARCHIVES
December 2021
Search
12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview
https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 3/4
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
March 2019
January 2019
November 2018
October 2018
August 2018
July 2018
CATEGORIES
blockchain
Blog
business
Canada
fintech
Kelowna
12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview
https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 4/4
Shawn Nutley
sports
Technology
Uncategorized
META
Site Admin
Log out
Entries feed
Comments feed
WordPress.org
Copyright © Shawn Nutley · 2018

 
 
 
 


Weitere ähnliche Inhalte

Was ist angesagt?

The Automotive Industry as a Digital Business
The Automotive Industry as a Digital BusinessThe Automotive Industry as a Digital Business
The Automotive Industry as a Digital BusinessSrinivas Koushik
 
2022 Insight Intelligent Technology™ Report
2022 Insight Intelligent Technology™ Report 2022 Insight Intelligent Technology™ Report
2022 Insight Intelligent Technology™ Report Insight
 
Report 3 the fourth industrial revolution - things to tighten the link betwe...
Report 3  the fourth industrial revolution - things to tighten the link betwe...Report 3  the fourth industrial revolution - things to tighten the link betwe...
Report 3 the fourth industrial revolution - things to tighten the link betwe...Rick Bouter
 
Implications of Industry 4.0 for CIOs
Implications of Industry 4.0 for CIOsImplications of Industry 4.0 for CIOs
Implications of Industry 4.0 for CIOsCapgemini
 
White paper the 4 key reasons 70 percent of telco digital transformations fai...
White paper the 4 key reasons 70 percent of telco digital transformations fai...White paper the 4 key reasons 70 percent of telco digital transformations fai...
White paper the 4 key reasons 70 percent of telco digital transformations fai...Martin Kievit
 
The Future of Personalised Education
The Future of Personalised EducationThe Future of Personalised Education
The Future of Personalised EducationIBM Government
 
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster Patrick Couch - Intelligenta Maskiner & Smartare Tjänster
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster IBM Sverige
 
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...Deloitte United States
 
Rebooting IT Infrastructure for the Digital Age
Rebooting IT Infrastructure for the Digital AgeRebooting IT Infrastructure for the Digital Age
Rebooting IT Infrastructure for the Digital AgeCapgemini
 
Tech Vision 2015 Trend 3: Platform R(e)volution
Tech Vision 2015 Trend 3: Platform R(e)volutionTech Vision 2015 Trend 3: Platform R(e)volution
Tech Vision 2015 Trend 3: Platform R(e)volutionaccenture
 
Taking Charge
Taking ChargeTaking Charge
Taking Chargeaccenture
 
Digitalization of companies
Digitalization of companiesDigitalization of companies
Digitalization of companiesCbrayl
 
Retail Revolution: Thrive in Disruption
Retail Revolution: Thrive in DisruptionRetail Revolution: Thrive in Disruption
Retail Revolution: Thrive in DisruptionBooz Allen Hamilton
 
Going Digital: General Electric and its Digital Transformation
Going Digital: General Electric and its Digital TransformationGoing Digital: General Electric and its Digital Transformation
Going Digital: General Electric and its Digital TransformationCapgemini
 
Digital Finance - Beyond the Hype | Accenture
Digital Finance - Beyond the Hype | AccentureDigital Finance - Beyond the Hype | Accenture
Digital Finance - Beyond the Hype | Accentureaccenture
 
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...default default
 
Outsourcing in a digital world (1)
Outsourcing in a digital world (1)Outsourcing in a digital world (1)
Outsourcing in a digital world (1)Donald Smith
 
Think Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the LeapThink Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the Leapaccenture
 
Tech Trends 2018 - Deloitte
Tech Trends 2018 - DeloitteTech Trends 2018 - Deloitte
Tech Trends 2018 - DeloitteTaylor Murphy
 
Transportation Technology Vision 2019
Transportation Technology Vision 2019Transportation Technology Vision 2019
Transportation Technology Vision 2019accenture
 

Was ist angesagt? (20)

The Automotive Industry as a Digital Business
The Automotive Industry as a Digital BusinessThe Automotive Industry as a Digital Business
The Automotive Industry as a Digital Business
 
2022 Insight Intelligent Technology™ Report
2022 Insight Intelligent Technology™ Report 2022 Insight Intelligent Technology™ Report
2022 Insight Intelligent Technology™ Report
 
Report 3 the fourth industrial revolution - things to tighten the link betwe...
Report 3  the fourth industrial revolution - things to tighten the link betwe...Report 3  the fourth industrial revolution - things to tighten the link betwe...
Report 3 the fourth industrial revolution - things to tighten the link betwe...
 
Implications of Industry 4.0 for CIOs
Implications of Industry 4.0 for CIOsImplications of Industry 4.0 for CIOs
Implications of Industry 4.0 for CIOs
 
White paper the 4 key reasons 70 percent of telco digital transformations fai...
White paper the 4 key reasons 70 percent of telco digital transformations fai...White paper the 4 key reasons 70 percent of telco digital transformations fai...
White paper the 4 key reasons 70 percent of telco digital transformations fai...
 
The Future of Personalised Education
The Future of Personalised EducationThe Future of Personalised Education
The Future of Personalised Education
 
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster Patrick Couch - Intelligenta Maskiner & Smartare Tjänster
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster
 
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
Hot technology trends for 2020 and beyond: A preview of Deloitte’s annual Tec...
 
Rebooting IT Infrastructure for the Digital Age
Rebooting IT Infrastructure for the Digital AgeRebooting IT Infrastructure for the Digital Age
Rebooting IT Infrastructure for the Digital Age
 
Tech Vision 2015 Trend 3: Platform R(e)volution
Tech Vision 2015 Trend 3: Platform R(e)volutionTech Vision 2015 Trend 3: Platform R(e)volution
Tech Vision 2015 Trend 3: Platform R(e)volution
 
Taking Charge
Taking ChargeTaking Charge
Taking Charge
 
Digitalization of companies
Digitalization of companiesDigitalization of companies
Digitalization of companies
 
Retail Revolution: Thrive in Disruption
Retail Revolution: Thrive in DisruptionRetail Revolution: Thrive in Disruption
Retail Revolution: Thrive in Disruption
 
Going Digital: General Electric and its Digital Transformation
Going Digital: General Electric and its Digital TransformationGoing Digital: General Electric and its Digital Transformation
Going Digital: General Electric and its Digital Transformation
 
Digital Finance - Beyond the Hype | Accenture
Digital Finance - Beyond the Hype | AccentureDigital Finance - Beyond the Hype | Accenture
Digital Finance - Beyond the Hype | Accenture
 
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...
The Internet of Things: Are Organizations Ready For A Multi-Trillion Dollar P...
 
Outsourcing in a digital world (1)
Outsourcing in a digital world (1)Outsourcing in a digital world (1)
Outsourcing in a digital world (1)
 
Think Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the LeapThink Bold to Lead: Digital Finance Enables the Leap
Think Bold to Lead: Digital Finance Enables the Leap
 
Tech Trends 2018 - Deloitte
Tech Trends 2018 - DeloitteTech Trends 2018 - Deloitte
Tech Trends 2018 - Deloitte
 
Transportation Technology Vision 2019
Transportation Technology Vision 2019Transportation Technology Vision 2019
Transportation Technology Vision 2019
 

Ähnlich wie How Tech and Energy Teams Up to Cut Costs

OilGasDigitalTransformationWhitePaper
OilGasDigitalTransformationWhitePaperOilGasDigitalTransformationWhitePaper
OilGasDigitalTransformationWhitePaperAndre Vieira
 
Three market trends drive collaborative value networks to the next level
Three market trends drive collaborative value networks to the next levelThree market trends drive collaborative value networks to the next level
Three market trends drive collaborative value networks to the next levelARC Advisory Group
 
Digital Transformation in the Oil & Gas Industry | 2021
Digital Transformation in the Oil & Gas Industry | 2021Digital Transformation in the Oil & Gas Industry | 2021
Digital Transformation in the Oil & Gas Industry | 2021Social Friendly
 
Latest Technologies
Latest TechnologiesLatest Technologies
Latest TechnologiesSriRemo
 
2019 Global Report Digital transformation | Schneider Electric
2019 Global  Report Digital transformation | Schneider Electric2019 Global  Report Digital transformation | Schneider Electric
2019 Global Report Digital transformation | Schneider ElectricMassimo Talia
 
Big Data and Cloud Computing
Big Data and Cloud ComputingBig Data and Cloud Computing
Big Data and Cloud ComputingAhmed Banafa
 
7397-CloudSurvey-Rev1-5-15
7397-CloudSurvey-Rev1-5-157397-CloudSurvey-Rev1-5-15
7397-CloudSurvey-Rev1-5-15Kim Marcus
 
Manufacturing-Backgrounder
Manufacturing-BackgrounderManufacturing-Backgrounder
Manufacturing-BackgrounderWes Frye
 
Insights success july 2016 the 10 fastest growing data center solution provid...
Insights success july 2016 the 10 fastest growing data center solution provid...Insights success july 2016 the 10 fastest growing data center solution provid...
Insights success july 2016 the 10 fastest growing data center solution provid...Merry D'souza
 
Keynote address channel middle east 2013
Keynote address channel middle east 2013Keynote address channel middle east 2013
Keynote address channel middle east 2013Meera Kaul
 
APDCA Launch Report
APDCA Launch ReportAPDCA Launch Report
APDCA Launch Reportmcortez6
 
Digital Transformation Iniciative
Digital Transformation IniciativeDigital Transformation Iniciative
Digital Transformation IniciativeMiguel Mello
 
APDCA Launch Report
APDCA Launch ReportAPDCA Launch Report
APDCA Launch Reportmcortez6
 
Big Data idea implementation in organizations: potential, roadblocks
Big Data idea implementation in organizations: potential, roadblocksBig Data idea implementation in organizations: potential, roadblocks
Big Data idea implementation in organizations: potential, roadblocksIRJET Journal
 
Employing cloud ian moyse - workbooks - whitepaper
Employing cloud   ian moyse - workbooks - whitepaperEmploying cloud   ian moyse - workbooks - whitepaper
Employing cloud ian moyse - workbooks - whitepaperITpreneurs
 
World Energy Focus - Dicembre 2015
World Energy Focus - Dicembre 2015World Energy Focus - Dicembre 2015
World Energy Focus - Dicembre 2015WEC Italia
 
World Energy Focus - DICEMBRE 2015
World Energy Focus - DICEMBRE 2015World Energy Focus - DICEMBRE 2015
World Energy Focus - DICEMBRE 2015Agata Carone
 
How CIOs should make Cloud investment - InfotechLead
How CIOs should make Cloud investment - InfotechLeadHow CIOs should make Cloud investment - InfotechLead
How CIOs should make Cloud investment - InfotechLeadArup Das
 

Ähnlich wie How Tech and Energy Teams Up to Cut Costs (20)

OilGasDigitalTransformationWhitePaper
OilGasDigitalTransformationWhitePaperOilGasDigitalTransformationWhitePaper
OilGasDigitalTransformationWhitePaper
 
Three market trends drive collaborative value networks to the next level
Three market trends drive collaborative value networks to the next levelThree market trends drive collaborative value networks to the next level
Three market trends drive collaborative value networks to the next level
 
Digital Transformation in the Oil & Gas Industry | 2021
Digital Transformation in the Oil & Gas Industry | 2021Digital Transformation in the Oil & Gas Industry | 2021
Digital Transformation in the Oil & Gas Industry | 2021
 
Latest Technologies
Latest TechnologiesLatest Technologies
Latest Technologies
 
2019 Global Report Digital transformation | Schneider Electric
2019 Global  Report Digital transformation | Schneider Electric2019 Global  Report Digital transformation | Schneider Electric
2019 Global Report Digital transformation | Schneider Electric
 
Big Data and Cloud Computing
Big Data and Cloud ComputingBig Data and Cloud Computing
Big Data and Cloud Computing
 
7397-CloudSurvey-Rev1-5-15
7397-CloudSurvey-Rev1-5-157397-CloudSurvey-Rev1-5-15
7397-CloudSurvey-Rev1-5-15
 
Manufacturing-Backgrounder
Manufacturing-BackgrounderManufacturing-Backgrounder
Manufacturing-Backgrounder
 
Insights success july 2016 the 10 fastest growing data center solution provid...
Insights success july 2016 the 10 fastest growing data center solution provid...Insights success july 2016 the 10 fastest growing data center solution provid...
Insights success july 2016 the 10 fastest growing data center solution provid...
 
Insights Success The 10 Fastest Growing Data Center Solution Provider companies
Insights Success  The 10 Fastest Growing Data Center Solution Provider companiesInsights Success  The 10 Fastest Growing Data Center Solution Provider companies
Insights Success The 10 Fastest Growing Data Center Solution Provider companies
 
Keynote address channel middle east 2013
Keynote address channel middle east 2013Keynote address channel middle east 2013
Keynote address channel middle east 2013
 
Cii-PwC Cloud Summit Report 2016
Cii-PwC Cloud Summit Report 2016Cii-PwC Cloud Summit Report 2016
Cii-PwC Cloud Summit Report 2016
 
APDCA Launch Report
APDCA Launch ReportAPDCA Launch Report
APDCA Launch Report
 
Digital Transformation Iniciative
Digital Transformation IniciativeDigital Transformation Iniciative
Digital Transformation Iniciative
 
APDCA Launch Report
APDCA Launch ReportAPDCA Launch Report
APDCA Launch Report
 
Big Data idea implementation in organizations: potential, roadblocks
Big Data idea implementation in organizations: potential, roadblocksBig Data idea implementation in organizations: potential, roadblocks
Big Data idea implementation in organizations: potential, roadblocks
 
Employing cloud ian moyse - workbooks - whitepaper
Employing cloud   ian moyse - workbooks - whitepaperEmploying cloud   ian moyse - workbooks - whitepaper
Employing cloud ian moyse - workbooks - whitepaper
 
World Energy Focus - Dicembre 2015
World Energy Focus - Dicembre 2015World Energy Focus - Dicembre 2015
World Energy Focus - Dicembre 2015
 
World Energy Focus - DICEMBRE 2015
World Energy Focus - DICEMBRE 2015World Energy Focus - DICEMBRE 2015
World Energy Focus - DICEMBRE 2015
 
How CIOs should make Cloud investment - InfotechLead
How CIOs should make Cloud investment - InfotechLeadHow CIOs should make Cloud investment - InfotechLead
How CIOs should make Cloud investment - InfotechLead
 

Mehr von Shawn Nutley

Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...
Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...
Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...Shawn Nutley
 
Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...
Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...
Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...Shawn Nutley
 
Why Motivation Matters for Success
Why Motivation Matters for SuccessWhy Motivation Matters for Success
Why Motivation Matters for SuccessShawn Nutley
 
5 Traits Commonly Seen In Great Leaders
5 Traits Commonly Seen In Great Leaders5 Traits Commonly Seen In Great Leaders
5 Traits Commonly Seen In Great LeadersShawn Nutley
 
Great TED Talks For Today’s Leaders
Great TED Talks For Today’s LeadersGreat TED Talks For Today’s Leaders
Great TED Talks For Today’s LeadersShawn Nutley
 
Productivity Tips For Entrepreneurs
Productivity Tips For EntrepreneursProductivity Tips For Entrepreneurs
Productivity Tips For EntrepreneursShawn Nutley
 
Achieving A Great Work-Life Balance
Achieving A Great Work-Life BalanceAchieving A Great Work-Life Balance
Achieving A Great Work-Life BalanceShawn Nutley
 
How To Look Out For Toxic Team Members Part 2
How To Look Out For Toxic Team Members Part 2How To Look Out For Toxic Team Members Part 2
How To Look Out For Toxic Team Members Part 2Shawn Nutley
 
How To Look Out For Toxic Team Members Part 1
How To Look Out For Toxic Team Members Part 1How To Look Out For Toxic Team Members Part 1
How To Look Out For Toxic Team Members Part 1Shawn Nutley
 
Tips To Encourage Teamwork Remotely
Tips To Encourage Teamwork RemotelyTips To Encourage Teamwork Remotely
Tips To Encourage Teamwork RemotelyShawn Nutley
 
How To Become A More Innovative Leader
How To Become A More Innovative LeaderHow To Become A More Innovative Leader
How To Become A More Innovative LeaderShawn Nutley
 
Why Leaders Need To Take Advantage of Mondays
Why Leaders Need To Take Advantage of MondaysWhy Leaders Need To Take Advantage of Mondays
Why Leaders Need To Take Advantage of MondaysShawn Nutley
 
How To Create Company Champions In Your Organization
How To Create Company Champions In Your OrganizationHow To Create Company Champions In Your Organization
How To Create Company Champions In Your OrganizationShawn Nutley
 
Top Cybersecurity Trends of 2021
Top Cybersecurity Trends of 2021Top Cybersecurity Trends of 2021
Top Cybersecurity Trends of 2021Shawn Nutley
 
How To Manage Lazy Employees
How To Manage Lazy EmployeesHow To Manage Lazy Employees
How To Manage Lazy EmployeesShawn Nutley
 
Notable International Fintech Trends For 2021
Notable International Fintech Trends For 2021Notable International Fintech Trends For 2021
Notable International Fintech Trends For 2021Shawn Nutley
 
Leadership Communication Trends in 2021
Leadership Communication Trends in 2021Leadership Communication Trends in 2021
Leadership Communication Trends in 2021Shawn Nutley
 
How To Create A Bulletproof Patent
How To Create A Bulletproof PatentHow To Create A Bulletproof Patent
How To Create A Bulletproof PatentShawn Nutley
 
What Is Civic Tech?
What Is Civic Tech?What Is Civic Tech?
What Is Civic Tech?Shawn Nutley
 
How To Balance Profit and Purpose In Your Business
How To Balance Profit and Purpose In Your BusinessHow To Balance Profit and Purpose In Your Business
How To Balance Profit and Purpose In Your BusinessShawn Nutley
 

Mehr von Shawn Nutley (20)

Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...
Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...
Cybersecurity Tips for Leaders in 2023’s Digital Landscape - Shawn Nutley _ P...
 
Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...
Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...
Lessons That Can Be Learned From The Office - Shawn Nutley _ Entrepreneurship...
 
Why Motivation Matters for Success
Why Motivation Matters for SuccessWhy Motivation Matters for Success
Why Motivation Matters for Success
 
5 Traits Commonly Seen In Great Leaders
5 Traits Commonly Seen In Great Leaders5 Traits Commonly Seen In Great Leaders
5 Traits Commonly Seen In Great Leaders
 
Great TED Talks For Today’s Leaders
Great TED Talks For Today’s LeadersGreat TED Talks For Today’s Leaders
Great TED Talks For Today’s Leaders
 
Productivity Tips For Entrepreneurs
Productivity Tips For EntrepreneursProductivity Tips For Entrepreneurs
Productivity Tips For Entrepreneurs
 
Achieving A Great Work-Life Balance
Achieving A Great Work-Life BalanceAchieving A Great Work-Life Balance
Achieving A Great Work-Life Balance
 
How To Look Out For Toxic Team Members Part 2
How To Look Out For Toxic Team Members Part 2How To Look Out For Toxic Team Members Part 2
How To Look Out For Toxic Team Members Part 2
 
How To Look Out For Toxic Team Members Part 1
How To Look Out For Toxic Team Members Part 1How To Look Out For Toxic Team Members Part 1
How To Look Out For Toxic Team Members Part 1
 
Tips To Encourage Teamwork Remotely
Tips To Encourage Teamwork RemotelyTips To Encourage Teamwork Remotely
Tips To Encourage Teamwork Remotely
 
How To Become A More Innovative Leader
How To Become A More Innovative LeaderHow To Become A More Innovative Leader
How To Become A More Innovative Leader
 
Why Leaders Need To Take Advantage of Mondays
Why Leaders Need To Take Advantage of MondaysWhy Leaders Need To Take Advantage of Mondays
Why Leaders Need To Take Advantage of Mondays
 
How To Create Company Champions In Your Organization
How To Create Company Champions In Your OrganizationHow To Create Company Champions In Your Organization
How To Create Company Champions In Your Organization
 
Top Cybersecurity Trends of 2021
Top Cybersecurity Trends of 2021Top Cybersecurity Trends of 2021
Top Cybersecurity Trends of 2021
 
How To Manage Lazy Employees
How To Manage Lazy EmployeesHow To Manage Lazy Employees
How To Manage Lazy Employees
 
Notable International Fintech Trends For 2021
Notable International Fintech Trends For 2021Notable International Fintech Trends For 2021
Notable International Fintech Trends For 2021
 
Leadership Communication Trends in 2021
Leadership Communication Trends in 2021Leadership Communication Trends in 2021
Leadership Communication Trends in 2021
 
How To Create A Bulletproof Patent
How To Create A Bulletproof PatentHow To Create A Bulletproof Patent
How To Create A Bulletproof Patent
 
What Is Civic Tech?
What Is Civic Tech?What Is Civic Tech?
What Is Civic Tech?
 
How To Balance Profit and Purpose In Your Business
How To Balance Profit and Purpose In Your BusinessHow To Balance Profit and Purpose In Your Business
How To Balance Profit and Purpose In Your Business
 

Kürzlich hochgeladen

A Glance At The Java Performance Toolbox
A Glance At The Java Performance ToolboxA Glance At The Java Performance Toolbox
A Glance At The Java Performance ToolboxAna-Maria Mihalceanu
 
A Framework for Development in the AI Age
A Framework for Development in the AI AgeA Framework for Development in the AI Age
A Framework for Development in the AI AgeCprime
 
Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...
Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...
Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...Jeffrey Haguewood
 
Data governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationData governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationKnoldus Inc.
 
A Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptxA Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptxLoriGlavin3
 
QCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architecturesQCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architecturesBernd Ruecker
 
Landscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdfLandscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdfAarwolf Industries LLC
 
The Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptx
The Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptxThe Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptx
The Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptxLoriGlavin3
 
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS:  6 Ways to Automate Your Data IntegrationBridging Between CAD & GIS:  6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integrationmarketing932765
 
The Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptx
The Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptxThe Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptx
The Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptxLoriGlavin3
 
Emixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native developmentEmixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native developmentPim van der Noll
 
Moving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfMoving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfLoriGlavin3
 
Potential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsPotential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsRavi Sanghani
 
Infrared simulation and processing on Nvidia platforms
Infrared simulation and processing on Nvidia platformsInfrared simulation and processing on Nvidia platforms
Infrared simulation and processing on Nvidia platformsYoss Cohen
 
UiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPathCommunity
 
Passkey Providers and Enabling Portability: FIDO Paris Seminar.pptx
Passkey Providers and Enabling Portability: FIDO Paris Seminar.pptxPasskey Providers and Enabling Portability: FIDO Paris Seminar.pptx
Passkey Providers and Enabling Portability: FIDO Paris Seminar.pptxLoriGlavin3
 
So einfach geht modernes Roaming fuer Notes und Nomad.pdf
So einfach geht modernes Roaming fuer Notes und Nomad.pdfSo einfach geht modernes Roaming fuer Notes und Nomad.pdf
So einfach geht modernes Roaming fuer Notes und Nomad.pdfpanagenda
 
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Mark Simos
 
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotesMuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotesManik S Magar
 
Decarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityDecarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityIES VE
 

Kürzlich hochgeladen (20)

A Glance At The Java Performance Toolbox
A Glance At The Java Performance ToolboxA Glance At The Java Performance Toolbox
A Glance At The Java Performance Toolbox
 
A Framework for Development in the AI Age
A Framework for Development in the AI AgeA Framework for Development in the AI Age
A Framework for Development in the AI Age
 
Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...
Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...
Email Marketing Automation for Bonterra Impact Management (fka Social Solutio...
 
Data governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationData governance with Unity Catalog Presentation
Data governance with Unity Catalog Presentation
 
A Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptxA Deep Dive on Passkeys: FIDO Paris Seminar.pptx
A Deep Dive on Passkeys: FIDO Paris Seminar.pptx
 
QCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architecturesQCon London: Mastering long-running processes in modern architectures
QCon London: Mastering long-running processes in modern architectures
 
Landscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdfLandscape Catalogue 2024 Australia-1.pdf
Landscape Catalogue 2024 Australia-1.pdf
 
The Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptx
The Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptxThe Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptx
The Role of FIDO in a Cyber Secure Netherlands: FIDO Paris Seminar.pptx
 
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS:  6 Ways to Automate Your Data IntegrationBridging Between CAD & GIS:  6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
 
The Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptx
The Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptxThe Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptx
The Fit for Passkeys for Employee and Consumer Sign-ins: FIDO Paris Seminar.pptx
 
Emixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native developmentEmixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native development
 
Moving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfMoving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdf
 
Potential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsPotential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and Insights
 
Infrared simulation and processing on Nvidia platforms
Infrared simulation and processing on Nvidia platformsInfrared simulation and processing on Nvidia platforms
Infrared simulation and processing on Nvidia platforms
 
UiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to HeroUiPath Community: Communication Mining from Zero to Hero
UiPath Community: Communication Mining from Zero to Hero
 
Passkey Providers and Enabling Portability: FIDO Paris Seminar.pptx
Passkey Providers and Enabling Portability: FIDO Paris Seminar.pptxPasskey Providers and Enabling Portability: FIDO Paris Seminar.pptx
Passkey Providers and Enabling Portability: FIDO Paris Seminar.pptx
 
So einfach geht modernes Roaming fuer Notes und Nomad.pdf
So einfach geht modernes Roaming fuer Notes und Nomad.pdfSo einfach geht modernes Roaming fuer Notes und Nomad.pdf
So einfach geht modernes Roaming fuer Notes und Nomad.pdf
 
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
 
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotesMuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
 
Decarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityDecarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a reality
 

How Tech and Energy Teams Up to Cut Costs

  • 1. 12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 1/4 How Tech and Energy are Teaming Up by shawnnutley | Dec 2, 2021 | business, fintech, Shawn Nutley, Technology As the oil and gas industry faces changes from high operational costs, increasing sustainable investment movement, and the consistent low oil prices, companies are turning to tech companies for help. Some of the ways tech companies in Silicon Valley can help is by boosting efficiencies and streamlining operations. The potential market for digital gas and oil could grow by over 500% in the next 5-6 six years. This could save up to 150 billion dollars for oil producers and create an everlasting market for tech service providers in the cloud computing business. The opportunities include helping oil producers save on general administrative and operational costs, transport costs, and cut capital expenditure and selling. Microsoft announced its partnership with Chevron and Exxon in the last year. Alphabets, the parent company of Google also, renewed its partnership with Schlumberger. Additionally, BP and Shell receive digital services from Amazon web services. a a
  • 2. 12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 2/4 Why are They Teaming Up? Several factors are driving this transition, one being the years of lagging returns for the energy sector. Six years ago, when oil prices fetched more than 100 dollars per barrel, oil producers didn’t look closely at their cost. In 2014 West Texas Intermediate (WTI) began a downward trajectory, and while the prices have risen again, WTI remains down, forcing oil and gas producers to adopt. Energy has continued to underperform, which only accounts for less than 4 percent of the S&P 500. There have been major advancements in the tech space, such as the rapid iterations in data processing and machine learning. This has led to a cost decline for things such as data storage due to wide-scale adaptations. The Biggest Beneficiaries As the big oil producers look for cloud computing and data services to help them in performance, companies that provide such services could benefit more. According to Barclays, the market for digital services could grow to an estimated value of $30 billion yearly in the next five years compared to the current less than $5 billion annually. The cloud computing market could potentially grow to $30 billion yearly. Given this potential, tech companies are already vying for this market share. The Environmental, Social and Governance (ESG) Factor With the ever-growing movement for ESG, energy companies are getting vulnerable. The environmental, social, and governance (ESG) factor is becoming a priority when making investment decisions. Because of this, energy giants are relying upon tech companies for solutions to make operations safer and cleaner. RECENT POSTS How Tech and Energy are Teaming Up Why Leaders Need To Take Advantage of Mondays Top Cyber Security Trends Of 2021 Leadership communication trends in 2021 What Is Civic Tech? ARCHIVES December 2021 Search
  • 3. 12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 3/4 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 March 2019 January 2019 November 2018 October 2018 August 2018 July 2018 CATEGORIES blockchain Blog business Canada fintech Kelowna
  • 4. 12/2/21, 12:29 PM How Tech and Energy are Teaming Up | Shawn Nutley | Professional Overview https://shawnnutley.com/how-tech-and-energy-are-teaming-up/ 4/4 Shawn Nutley sports Technology Uncategorized META Site Admin Log out Entries feed Comments feed WordPress.org Copyright © Shawn Nutley · 2018          