Energy & Resources Logistics

How AI is revolutionizing operations and offshore logistics in the oil and gas industry

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With its ability to learn and deliver real-time analytics, AI's impact on offshore logistics in the oil and gas industry is immense. Companies operating in this space are leveraging AI to optimize supply chains and minimize downtime by ensuring resources are allocated productively. The data-driven insights and automation capabilities AI provides enable stakeholders with the information and tools they need to enhance decision-making, improve safety, increase efficiency, and reduce emissions. AI´s transformative power on offshore logistics can´t be overstated, including: Automated supply chain m...

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How blockchain helps the oil and gas industry reduce its carbon footprint and improve SLA adherence

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The big question when new technologies are introduced in the marketplace is whether they will stand the test of time and reach critical levels of adoption to fulfil their "raison d´être". With blockchain's gradual adoption across different industries, there are two key areas where it plays a pivotal role in enhancing the oil and gas industry's effectiveness and efficiency.  1.Carbon Credit NFTs Greenhouse Gas (GHG) emissions from oil and gas operations stand at more than 5.2 billion metric tonnes, representing nearly 15% of the energy sector's total GHG emissions. Blockchain's use of uniq...

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Transforming Fly-In Fly-Out (FIFO) - Perspectives on an integrated business model of bundling air charter services and technology

Transforming Fly-In Fly-Out (FIFO) - Perspectives on an integrated business model of bundling air charter services and technology

Insights from the panel discussion at IBS Energy Logistics Forum in Calgary on 26th April 2022 FIFO, the movement of workforce between their homes and remotely located worksites for energy and resources operations, is estimated to be a US$3B business with annual passenger traffic at 15M, predominantly in the Americas and Australia regions. Despite its magnitude, the FIFO industry hasn't typically been an early adopter of technology, which translates into lost opportunities to improve seat utilization, enhance the traveler experience, increase staff productivity, and maximize revenues. Many FIF...

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Building a “future-ready” supply chain for energy and resources logistics

Building a “future-ready” supply chain for energy and resources logistics

As we look towards the "new normal" as a sign of recovery from the pandemic, a key question we need to ask ourselves is: what does - or will - the "new normal" look like? At IBS Software, we think that "future-ready" supply chains and logistics for upstream energy and resources will display the following characteristics: Collaborative ecosystems Lack of collaboration between interdependent internal and external functions have caused longstanding operational inefficiencies and cost overruns that make supply chains vulnerable to large-scale disruptions. For an oil, gas, or energy operator, with ...

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Accelerating low carbon supply chains in Africa's energy sector

Accelerating low carbon supply chains in Africa's energy sector

Achieving net-zero greenhouse gas emissions by 2050 is a formidable task for the global energy industry, but one of vital importance. In Africa, we're facing the triple challenge of tackling emissions, building sustainable sources to meet growing energy needs, and mitigating the economic impact of our heavy reliance on oil. For transformational change to be successful, we need to collectively adopt a pragmatic, commercially viable, and action-oriented approach to tackling emissions. This approach needs to have a clear focus on operating the cleanest, high-margin portfolio of energy production ...

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