Corporate Blog

Personnel tracking continues to be a key focus area for Health Safety and Environment (HSE) departments in the oil and gas industry, especially in hazardous environments. Over the last decade, companies invested in real-time personnel solutions using technologies like Ultra-Wideband (UWB) or Wi-Fi based active Radio Frequency Identification (RFID), despite its high CAPEX and OPEX. During the pandemic, countries adopted new contact tracing methodologies using digital Apps and technologies like NFC, GPS, Bluetooth, QR codes, CCTV, mobile-data, and credit cards. Oil, gas, and mining companies can...

As the world learns to live with COVID-19, businesses are battling to stay relevant. The energy sector was hit a double blow with the prices of Brent hitting historical lows, and WTI futures running into negatives. Energy companies were quick in responding to the industry downturn by cutting capital expenditure by 30-40%, scaling back existing production, reducing workforce by 50-65%, running operations with essential workforce only, and halting drilling with rig counts reduced by more than half. Though a pandemic of this scale is unprecedented, energy companies have to find innovative ways to...