Current Trends and Technologies in the Oil and Gas Industry

This paper presents an overview of the current trends and technology in the oil and gas industry. The role of service companies, the current R&D expenditures of the international Oil Companies (IOCs) and service companies is also shown to provide direction for the advancement of technology in the oil and gas industry. Typical technologies for the different phases in the oil and gas production process are also presented. The paper concludes with a review of remote operations and smart fields operations otherwise known as digital oil fields