Corporate Blog

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 "digilient" workforce logistics in energy and resources

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With vaccinations picking up and crude nearing multi-year highs, oil and gas, and mining companies are actively looking to increase operational resilience without compromising efficiency. For an industry that has lived through three dips in the past twelve years, the rapid destruction of demand during the pandemic was a completely new experience. Many companies opted for mere skeleton crews for maintenance and inspection, resulting in a tsunami of job losses. Companies were forced to resort to various measures, including increasing local hires, relocating critical resources, reorganizing works...

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