Page added on January 2, 2023
Robots will be the oil and gas industry’s growth engine, according to data and analytics company GlobalData.
“The volume of robotics use cases in the oil and gas industry is expected to grow rapidly, in tow with digitalization,” Anson Fernandes, an oil and gas analyst at GlobalData, said in a statement sent to Rigzone.
“Industrial robots with analytical support from digital technologies is expected to become the mainstay across the oil and gas industry, especially in the upstream sector, where personnel safety and operational security concerns are heightened,” Fernandes added.
In the statement, Fernandes noted that robotics is a fast-growing industry, adding that, according to GlobalData forecasts, it was worth $52.9 billion in 2021 and will reach $568 billion by 2030.
“The oil and gas sector will greatly benefit from emerging use cases,” Fernandes said in the statement.
According to a recent GlobalData report, leading robotics adopters in the oil and gas industry include BP, Chevron, China Petrochemical Corp (Sinopec) and Equinor. Some of the leading robotics vendors in the oil and gas sector include Cognex, Cyberdyne, Estun Automation and FANUC, the report highlighted.
In a report sent to Rigzone early last year identifying themes that were “set to have the most influence” on the oil and gas sector in 2021, GlobalData highlighted “tech themes such as robotics, industrial internet, artificial intelligence, big data, cloud computing, and cybersecurity”.
In October 2021, Nabors Industries Ltd. announced that the world’s first fully automated land drilling rig had reached total depth on its first well, which was for ExxonMobil in the Permian basin. In June 2021, Heriot-Watt University announced that a robot made famous by dancing on YouTube was set to help save lives and cut carbon dioxide emissions by supporting hazardous environment research at the National Robotarium.
7 Comments on "Robots Will Be Oil and Gas Industry Growth Engine"
makati1 on Mon, 2nd Jan 2023 9:27 pm
RIGPORN is spewing techie bullshit once again.
No one mentions how all these “robots” are going to come into existence or how much they will cost or… The techies have them everywhere by the billions. Think about that for a moment.
Not to mention that the internet will be the first thing to go if there is a global war. GPS, communications, even planes and ships will be crippled. How many captains today can navigate by the stars? Or drivers of cars get from New York City to Minneapolis without GPS? Last time I checked, they do not give out free maps at the gas station anymore, not that 99.99% of drivers would know how to use one. Well, maybe those of us over 50 could. ^_^
makati1 on Tue, 3rd Jan 2023 6:54 pm
BTW: I would like to see how 8,000,000,000+ people are going to be replaced by robots in the next decade. It amazes me how techies profess to be intelligent but are proved to be so stupid in reality.
When the internet evaporates during the next big war, there will be a massive suicide rate increase among the techie religion. So be it.
Dredd on Mon, 9th Jan 2023 11:56 am
What you gonna do when they come for you (January Six Committee – 2). Take the Fifth wheel?
Theedrich on Mon, 9th Jan 2023 4:14 pm
Gail Tverberg, in a remarkable essay published January 9, 2023, 2023: Expect a financial crash followed by major energy-related changes, at https://ourfiniteworld.com/, states that The underlying issue that the world is starting to experience is overshoot and collapse due to peak energy a result of a combination of rising population and diminishing returns with respect to resource extraction.
Her analysis results in the conclusion that within the next three years 2025 at the latest we are going to experience the final wages of our profligacy:
So: proxy wars or wars concealed by government-controlled media or bioweapons? With Americas proxy war against Ukraine and its destruction of Germanys gas pipelines from Russia, along with Trump/Bidens theft of Syrias oil, plus many other criminal acts (including paying China several $million to work on gain-of-function to produce COVID, not to mention $billions to Big Pharma for never-ending boosters), among many other geopolitical savageries, one does not have to look far to understand what the authoress is writing about. For the RAND Corps 2019 and 2022 plans to save the U.S. from its own suicide, see http://theedrich.com/theedrich.com/Theedrich/Russian/Genus05/RAND2019.htm.
But the herd prefers soothing words and anodyne formulations, no matter how mendacious. It wants comforting political propaganda to help it die.
𝖁𝖊𝖗𝖎𝖙𝖆𝖘 𝖑𝖎𝖇𝖊𝖗𝖆𝖇𝖎𝖙 𝖛𝖔𝖘.<
Theedrich on Tue, 10th Jan 2023 6:54 pm
The U.S. is bribeocracy masquerading as a country. In 2022, UK national debt was $2,960.92 trillion US (nearly three trillion USD, or 101.9% of UK gross domestic product [GDP]). The much larger US national debt as published is now over $31 trillion, but in truth is over $148 trillion. For 2023, its interest is $320 billion, headed toward $1.2 trillion in a decade, summing to $8.1 trillion over that period. Because the Congresspeople are paid off, they will continue to raise the alleged debt limit of this Ponzi scheme every year, because they themselves will be out of office when the bill comes due and collapse happens.
Nikolái Platónovich Pátrushev (Никола́й Плато́нович Па́трушев), Secretary of the Security Council of the Russian Federation, in an interview with Russian periodical Arguments and Facts, pointed out the following:
Pátrushev goes on to explain that the American state is just a shell for a conglomerate of huge corporations that rule the country and try to rule the world. He continues showing the manner in which these transnational corporations (TNCs) corrupt and enslave countries, using cognitive weapons, influencing each person point-by-point with the help of information technologies and methods of neuropsychology. They inculcate neoliberal and other values, some of which are inherently directly opposed to human nature. Interestingly, according to Pátrushev, they covertly promote the self-exposure of LGBT individuals as a tool for gradually reducing the number of extra people who do not fit into the framework of the notorious « golden billion ».
Regardless of the fact that the interviewee may be Russian, what he says is truth. It is unwelcome and canceled by the media under Western control, but it is truth.
𝖁𝖊𝖗𝖎𝖙𝖆𝖘 𝖑𝖎𝖇𝖊𝖗𝖆𝖇𝖎𝖙 𝖛𝖔𝖘.
theluckycountry on Thu, 12th Jan 2023 4:41 pm
I’m tired of the robot hype too makati1. I don’t take any of it seriously now, there have too many failed promises, too many billions wasted chasing delusions.
The first thing any company working on robotics does is drag in the media and fill their ears with fanciful projections and then the media goes away and embellishes the story until it looks like the Will Smith iRobot movie.
The pattern is always the same, interest is created, investment money flows in, and then the you hear crickets. I was looking at the story about the Black Sea gas reserves, One Trillion is the claim, YaHoo! It will most definitely pan out like the Mighty Caspian sea oil find, in other words a $30 Billion hole with little returns.
makati1 on Thu, 12th Jan 2023 4:48 pm
Hype and hope is all that comes out as “news” these day. Add in hypocrisy and lies and you have the “full story”. It’s All about $$$.