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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Greater digitalisation is needed across the entire energy sector in order to improve processes and operations, according to Steve Roberts, Head of Offshore Energy 4.0 at the Net Zero Technology Centre.
Faced with the energy transition, the oil and gas sector needs to embrace digitalisation to enable greater opportunities to integrate, consolidate and optimise operations, and ultimately realise our net zero ambitions. Progress has already been made by organisations applying digital solutions to their operations, processes and decision making. Concepts such as digital twins and predictive maintenance technologies are being increasingly adopted to improve operational efficiency and reduce downtime of offshore assets.
However, establishing a coordinated whole system approach across the industry has been slow.
The energy industry has over 50 years of data but it has been hindered by poor quality, inaccurate or missing information. Valuable data has often been restricted or hard to find. Multiple data formats exist, making it difficult to import, amalgamate and interpret them.