Oil and Gas Sees Widescale VR Deployment

iStock 1151745259

 The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain.

That’s according to GlobalData, which has produced a new report exploring how VR is finding its way into the upstream, midstream and downstream sectors.

In the report, the company identified the following oil and gas players among the leading adopters of VR technology in oil and gas operations:

  • Baker Hughes
  • BP
  • Chevron
  • ConocoPhillips
  • Equinor
  • ExxonMobil
  • Gazprom
  • Halliburton
  • Shell
  • Saudi Aramco
  • Sinopec

“Over time, this technology will transform oil and gas processes and workflows and help create new growth opportunities for organizations,” Ravindra Puranik, an oil and gas analyst at GlobalData, said in a company statement.

“VR and 3D simulations allow employees to interact with field equipment in a virtual world. Using the VR system, an employee can get hands-on training on different kinds of equipment and devices without affecting normal work routines,” Puranik added.

“Furthermore, it is equipped to replicate a wide range of emergency situations that employees could potentially face in real-life while working onsite with heavy machinery, thus ensuring they are ready to deal with any unforeseen event,” the GlobalData representative continued.

According to GlobalData, the leading technology providers in VR include companies such as Facebook, Microsoft, Samsung and Sony.

Source: Newswire

Similar Posts

  • Texas Oil and Gas Production Statistics for August 2016

    AUSTIN –– Production for August 2016 as reported to the Railroad Commission of Texas (Commission) is 75,034,914 barrels of crude oil and 606,931,065 mcf (thousand cubic feet) of total gas from oil and gas wells. These preliminary figures are based on production volumes reported by operators and will be updated as late and corrected production…

  • OPEC Secretary General Visits the United States

    By Subcontractors USA News Provider OPEC Secretary General, HE Mohammad Sanusi Barkindo, has embarked on a recent week-long visit to the United States for meetings with the International Monetary Fund, the United States Energy Information Administration, the Center for Strategic and International Studies, the United States Commodity Futures Trading Commission, Columbia University and IHS Markit….

  • Texas Oil and Gas Industry Rebounds as Global Supply Disruptions Boost Demand

    The Texas Oil and Gas Industry is showing signs of renewed strength as employment rebounds and hiring activity accelerates across the state. Despite remaining below last year’s workforce levels, the industry added jobs in March and continues to lead the nation in energy-sector hiring. As global supply disruptions impact international oil and natural gas markets,…

  • Methane Emissions in Texas Continue Decline Amid Near-Record Production

    Methane emissions in Texas continue to decline in top oil and natural gas producing areas across the state, according to a new analysis released today by Texans for Natural Gas. Nowhere was this more apparent than in the top producing region in Texas and the nation, the Permian Basin. Key highlights from the analysis found: • The…