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Differences between such as LoRaWAN, RFID, or how they work together (Asset Tracking)

When it comes to oil and gas, LoRaWAN (Long Range Wide Area Network) is quickly drawing the attention of companies around the globe, especially for asset tracking. This technology is…

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The Short Guide to Asset Verifications During M&A

When you merge with or acquire a company, you are taking on an entire portfolio of assets. From real estate to equipment, proprietary knowledge to product designs, each asset needs…

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WHAT IS ASSET MANAGEMENT?

Definition by Example Most industrial companies make capital equipment purchases on a regular basis.  Much care is taken to ensure the equipment item is fit-for-purpose, competitively priced, and properly accounted…

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How Can LoRaWAN Be Used to Track Assets In O&G?
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How Can LoRaWAN Be Used to Track Assets In O&G?

Since we first formed our company, we have seen many changes in terms of developing technology. Although the evolution of technology has drastically changed (and improved) a wide range of…

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How Smart Contracts Can Help Improve Your Oil and Gas Business

Blockchain as a technology has the power to change the way business works. It offers a distributed ledger that makes transactions transparent by recording every action with regard to a…

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Why Would My Company Need Blockchain? Is it a distributed ledger or digital currency?
Blockchain technology concept, Businessman holding virtual system diagram bitcoin protection and pressing text.

Why Would My Company Need Blockchain? Is it a distributed ledger or digital currency?

Blockchain may be the newest buzzword, but that doesn’t mean it is all hype. The technology has the potential to put supply chains in the oil and gas industry on their…

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When Blockchain Meets Supply Chain in Oil and Gas
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When Blockchain Meets Supply Chain in Oil and Gas

Blockchain is revolutionizing the way people pay for goods and services all around the world, but it is also impacting companies. From placing a purchase order to the delivery of goods,…

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Augmented Reality: For the Oil and Gas Industry, It’s Not a Mirage

Augmented reality is defined as a technology that superimposes a computer-generated image on a user’s view of the real world, thus providing a composite view. Augmented reality, or AR, is finding a…

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Is It Time You Implemented Consignment Inventory Management ?
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Is It Time You Implemented Consignment Inventory Management ?

Effective inventory management is critical to the profitable rig operations. In many cases, consignment inventory is a practical solution to inventory challenges. Let's look at the benefits of consignment inventory as…

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Why Should an Energy Company Consider BPO for Supply Chain Functions?

In today's environment of low commodity prices and reduced earnings, oil and gas companies need to be more innovative than ever in optimizing the efficiency of their supply chains. Unfortunately,…

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