Where are oil and gas prices going, and why. That’s the focus of this wide-ranging interview I had with Andrew Botterill, head of Deloitte’s chemicals and oil and gas industry vertical. Deloitte produces a regular price forecast for oil and gas, and we provide the context, covering the turmoil and volatility in global markets, heavily influenced by geopolitical conflicts and policy shifts. 

We touch on the adoption of sustainable practices, including hydrogen and sustainable aviation fuels. Policy moves, such as the Inflation Reduction Act, create both challenges and opportunities in the U.S., but with ramifications globally, particularly from major consuming geographies, incuding the EU and Asia. 

We also discuss the future of energy demand in growth economies like India and continental Africa, highlighting the complex relationship between advancing technology and addressing energy poverty. Digital technology plays a key role in enhancing cost efficiency, resilience, and safety within the industry, setting the stage for a more sustainable and flexible energy landscape.

Additional Tools & Resources:

🎬 Go behind the scenes of my studio to see how it works: 👉https://geoffreycann.com/resources/

 🎓 Take my one day digital strategy training course for oil and gas:
👉 https://www.udemy.com/course/digital-oil-and-gas/?referralCode=0161D4D49AB75735A185

You might find this related article of interest!

👉    https://digitaloilgas.substack.com/p/my-digital-oil-and-gas-outlook-for

Connect with Me!

🖥️ Blog series: https://digitaloilgas.substack.com/
🎧 Podcast: https://geoffreycann.com/broadcast/
📇 Linkedin: https://www.linkedin.com/in/training-digital-oil-gas/
🤬 X: https://twitter.com/geoffreycann

Contacts for Lectures and Keynotes: 

I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/

Disclaimer: 

The views expressed in this video are those of the speakers and do not constitute professional advice. 

Contacting the Guest

Andrew Botterill

📧email : abotterill@deloitte.ca

AI innovations are helping transform regulatory processes by providing access to data that has been beyond analytical reach. AI tools such as ChatGPT, Bard, and CoPilot are revolutionizing how energy firms and professionals tackle complex regulatory data, especially in sectors like energy infrastructure. These generative AI tools ingest the huge volume of documents and commentary associated with energy infrastructure submissions to regulators (briefs, complaints, dockets, applications), providing fresh insight into what makes for a successful application, and why some fail to gain acceptance. These tools also transform the way experts prepare regulatory documents, analyze dynamic regulatory environments, and address energy transition policies like those outlined in the Inflation Reduction Act.

In this podcast, I help you understand the business value from AI gained from analyzing regulatory content and creating new, efficient pathways for submissions and compliance. If you're an energy industry professional, regulator, or advocate interested in understanding how AI can be used in regulatory areas, this podcast will be very helpful.

Additional Tools & Resources:
🎬 Check out my studio and how it works
👉 https://geoffreycann.com/resources/

🎓 Take my one day digital strategy training course for oil and gas:
👉 https://www.udemy.com/course/digital-oil-and-gas/?referralCode=0161D4D49AB75735A185

You might find my various articles on AI of interest!
👉 https://digitaloilgas.substack.com/p/how-to-successfully-introduce-ai-into-oil-and-gas
👉 https://digitaloilgas.substack.com/p/oil-and-gas-wises-up-to-artificial-intelligence
👉 https://digitaloilgas.substack.com/p/learning-to-live-with-generative

Connect with Me

🖥️ Blog series: https://digitaloilgas.substack.com/
🎧 Podcast: https://geoffreycann.com/broadcast/
📇 Linkedin: https://www.linkedin.com/in/training-digital-oil-gas/
🤬 X: https://twitter.com/geoffreycann

Contact for Lectures and Keynotes:

I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/

Disclaimer:

The views expressed in this podcast are my own and do not constitute professional advice.

Download the Transcript!

Want the actual script that this podcast is based on? You can download the transcript for this podcast here:
👉 https://digitaloilgas.substack.com/p/how-ai-tools-help-capture-hidden

In the US lower 48 states, between $200 billion and $400 billion are spent in the supply chain every year and are still run with practices designed decades ago. The energy sector's supply chain is broken and needs a new vision to take it to the next level.

In this interview podcast with Joshua Trott from WorkRise, we’ll look at the outdated practices of supply chain management in oil and gas, explaining why many projects go over budget and schedule. Josh is the Chief Revenue Officer of WorkRise, an industry-leading labor business and a leading supply chain platform used by many of the biggest energy companies in the world.

WorkRise's innovative solution is aimed at completely overhauling the industry’s supply chain model rather than just tinkering with point solutions or with narrow scope. This concept emphasizes the power of data-driven decisions and efficiency to revolutionize project management and execution.

We uncover the major issues impacting the current supply chain system, and how WorkRise plans to mitigate these challenges by putting in place a streamlined, cost-effective approach to project lifecycles. Modern technology and methods play a huge role in helping overcoming the obstacles in the industry.

If you are responsible for overseeing end to end operations of an oil and gas company, you have the potential to capture very significant benefits through a rethink of your supply chain management.

Josh is a lifelong soccer player and fan, he lives in Austin, Texas.

Additional Tools & Resources:

 🎓 Take my one day digital strategy training course for oil and gas:
👉 https://www.udemy.com/course/digital-oil-and-gas/?referralCode=0161D4D49AB75735A185

Connect with Me!

🖥️ Blog series: https://digitaloilgas.substack.com/
🎧 Podcast: https://geoffreycann.com/broadcast/
📇 Linkedin: https://www.linkedin.com/in/training-digital-oil-gas/
🤬 X: https://twitter.com/geoffreycann

Contacts for Lectures and Keynotes: 

I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/

Disclaimer: 

The views expressed in this video are my own and do not constitute professional advice.

Contacting the Guest

Joshua Trott

📧email : joshua.trott@workrise.com

📇 LinkedIn:https://www.linkedin.com/in/joshuatrott/

📇 LinkedIn biz: https://www.linkedin.com/company/workrise/

👨‍💻website: www.workrise.com

Business risks and opportunities surface whenever supply and demand go wildly out of balance. 

Energy transition is creating supply and demand imbalances in many ways. For example, the supply of clean energy infrastructure is lagging demand because of slow permitting processes. 

Sellers gain because the price point for green energy will rise to meet the demand. Buyers risk being unable to purchase green energy after they have committed to do so, or paying a much higher price. 

In this solo narration podcast I describe four looming supply and demand imbalances, why they are happening, the impacts they'll have, and what you can do to either manage the risk or take advantage and profit. 

The four are: 

• Slow pace of permitting delays the supply of transmission infrastructure. 
• Supply of oil tankers lags demand, causes prices to rise for shipping oil
• Mergers in oil and gas create a surplus of oil and gas professionals looking for work.
• Demand for commodities for clean energy outstrip supply, making clean energy projects uneconomic. 

If you work in energy this episode is for you. 

You can find the transcript on my weekly substack, 'Digital Oil and Gas'. 

Please hit the share button or leave a comment if you find this episode helpful. 

Contact me at geoff@geoffreycann.com

If you’re working on a digital innovation when your oil and gas company has been acquired, you’re at risk, and you need a plan.

I once worked on a major merger to create Canada's largest oil company, and I know how these mergers go down, and you don't want to be a victim. 

In this solo narration podcast I describe why mergers are happening now and why they'll continue, how to tell if you're at risk, and what you should do if you are working on a digital innovation as part of your job. 

If you're an engineer, IT, or digital professional working in oil and gas, this episode is for you. 

You can find the transcript on my weekly substack, 'Digital Oil and Gas'. 

Please hit the share button or leave a comment if you find this episode helpful. 

Visit 'Engineer Career Pivot' for insight into transitioning your oil and gas career into new energy fields. 

Contact me at geoff@geoffreycann.com

Digital twin solutions are rapidly advancing to a point where the model will be running tightly coupled with the actual asset it models, using live data. It’s not a stretch to see how the digital twin can become the day-to-day supervisor of the actual asset. This kind of work even applies to brownfield assets that predate the internet, mobility, cloud computing, and other modern inventions.

Connect with the Guest:

👉 David Reinhart : https://www.linkedin.com/in/davidreinhart/

👉 Visionaize: https://www.linkedin.com/company/visionaize/ 

You might find my previous articles on digital twin of interest!

👉 Digital Twin is More than a Clone: https://digitaloilgas.substack.com/p/a-digital-twin-is-more-than-just-a-clone

👉 Evolution of Digital Twin Technology in Energy: https://digitaloilgas.substack.com/p/evolution-of-digital-twin-technology-in-energy

Connect with Me:

🖥️ Blog series: https://digitaloilgas.substack.com/

📇 Linkedin: https://www.linkedin.com/in/training-digital-oil-gas/

🤬 X: https://twitter.com/geoffreycann

Contact for Lectures and Keynotes:

I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs.

Click here 👉 https://geoffreycann.com/contact/

Disclaimer: The views expressed in this video are my own and do not constitute professional advice.

Every year at this time I put forth my outlook for the coming year, with a focus on the digital trends that I believe will have the greatest impact on the fortunes of the industry.

These are not so much as predictions, as they are speculations on the trends that I see marching along, and how those trend lines will play out over the next 12 months or so.

If you’re working in industry, you might keep these in mind as you consider your projects and investments in the coming year.

If you are in technology, you might want to reflect on strategies to pursue that will accelerate your success or help you avoid some of the problems that I foresee.

Timestamps:

0:10 - Introduction

1:04 - Short Term Issues - inflation, emissions, markets, capital

2:54 - Longer Stride Challenges - energy transition, assets, talent, M&A

5:18 - Artificial Intelligence Tools

7:14 - Digital Twin Technology

9:05 - Mobility and networks

10:46 - Data

12:06 - Conclusions

Additional Tools & Resources:
🎓 Take my one day digital strategy training course for oil and gas: 
👉 https://www.udemy.com/course/digital-oil-and-gas/?referralCode=0161D4D49AB75735A185

You might find my previous annual predictions articles of interest! 

👉 2023 (part 1) https://open.substack.com/pub/digitaloilgas/p/the-trends-to-watch-in-2023-and-beyond-part-1
👉 2023 (part 2) https://open.substack.com/pub/digitaloilgas/p/what-are-the-relevant-macro-trends-for-2023-and-why-part-2
👉 2022 https://open.substack.com/pub/digitaloilgas/p/digital-oil-and-gas-trends-for-2022

Connect with Me:

🖥️ Blog series: https://digitaloilgas.substack.com/
🎧 Podcast: https://geoffreycann.com/broadcast/ 
📇 Linkedin: https://www.linkedin.com/in/training-digital-oil-gas/
🤬 X: https://twitter.com/geoffreycann

Contact for Lectures and Keynotes:

I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/

Disclaimer:

The views expressed in this video are my own and do not constitute professional advice. 

Download the Transcript! 

Want the actual script that this podcast is based on? You can download the transcript for this podcast here: 

👉 https://open.substack.com/pub/digitaloilgas/p/my-digital-oil-and-gas-outlook-for

"First thing you need to connect the assets first and get the data. So that's we call it like static digital twin, and then you can use it for simulation. Then you move to the second version, which having like a shadow, digital twin, which you have an image of what's happening, but you can monitor. But the truly digital twin is monitor and control."

In this episode, I’m in conversation with Ammar Sabbagh who is the Vice President Industry and Partnership for Private Networks for Oil and Gas at Ericsson. 5G networks are a huge step forward for telecommunications, offering a step change performance boost over 4G. If you want to run an industrial-grade, resilient, and secure network for your digital devices, you need to be on 5G. 

Here are some of the key questions addressed in the episode: 

1. What is 5G, and why is it better than 4G?

2. What is a private network? 

3. What kinds of problems does a private network solve?

4. What kinds of innovations are enabled by 5G?

5. What are some of the use cases that 5G unlocks?

6. How do you deliver 5G networks where there are no towers?

Ammar Sabbagh is a technology professional specializing in 5G private cellular networks, cloud, decentralized cloud, and IOT solutions for business and industry.

Currently, Ammar serves as vice president of industry & partnership at Ericsson for energy and ports, where he leads business development and global partners management.

Ammar holds a BS in Electrical Engineering from Portland State University and an MBA in Management, and has completed various executive leadership training courses, including Design Thinking for Innovation from the London Business School.

AMMAR's QUOTABLE QUOTES 

With 4g, you're getting 100 megabits per second. With 5G you are getting one gigabit per second and even 20 gigabits pers second planned for next year or after. So 20 gig per user device.

A single 5G radio station can connect over a million connected devices at one radio station. 

With WiFi 6, you can stream one gig, but the reliability of the Wi Fi is a concern, because Wi FI struggles to penetrate metallic structure [common] in the industry, for indoor.

You can trust 5G for robotics, for autonomous gantry vehicles, for assets moving.

With 5G we are not planning to replace any [SCADA] wiring.

5G [latency] operation, we are talking about 20 millisecond max. We are dropping it to one millisecond in the next version updates… But the requirements from our Oceaneering partner is only 100 millisecond.

The first question we ask what are the use cases or application you want to use? And then it's a journey. It's like you start today with one thing, and later, you move to other applications as needed.

If you have a worker with a mobile phone or connected, you know, worker, you will know exactly where they are. And you can communicate with them and support them during that session.

We like to call it dynamic  digital twin. We believe the 5g will be you know, hugely valuable, because you don't want to run all these cables connecting all these sensors to the main data center, you're just wirelessly spread them. And they're connected, and sit and analyze and collect all the data and take actions from there.

Wind turbines are virtually autonomous. I mean, we connect them with cellular network, we have several references. With a cellular network, they connect the operator connect cameras and control functionality. And they remotely see what's happening on the outside and inside and adjust accordingly.

first thing you need to connect the assets first and get the data. So that's we call it like static digital twin, and then you can use it for simulation. Then you move to the second version, which having like a shadow, digital twin, which you have an image of what's happening, but you can monitor. But the truly digital twin is monitor and control

CONTACTING AMMAR

ammar.sabbagh@ericsson.com

To break free of the limitations of yesterday’s technologies, the oil and gas industry is accelerating its adoption of private 5G networks.

Some time ago, I helped an oil field logistics company respond to customer feedback that its services were “in the Stone Age”. Its systems were entirely manual, inaccurate, slow, and error prone. Virtually every invoice was disputed, causing cash flow problems. Worse, its multi-year contracts were coming up for renegotiation, and there was a real risk that the contracts would not be renewed, stranding an enormous fleet of 750 vehicles.

We decided to create a fundamentally new business model that would upend the prevailing customer service standards in the industry, dramatically improve the utilization of the fleet of assets, staff, and facilities, and transform for the better its overall competitive position.

Market-leading companies in oil and gas recognize that the status quo industrial network (SCADA) and public networks are simply not fit for the purposes of responding to the pressures. Private 5G networks offer a highly appealing alternative.

As private networks, they eliminate the problem of contention for third party access or bandwidth. Solutions are free to run as designed delivering continuous near real time service. 5G networks run at much lower levels of latency compared to other network technologies such as 4G, and private 5G networks lower the latency further. Private 5G networks offer dramatically improved bandwidth compared to 4G, operating at gigabits per second, versus megabits per second. Private networks are far more secure as network access is under much tighter control. 5G networks can be deployed far more quickly than wired networks, and offer improved future-proofing for assets intended to run for years.

"We really kind of focus on the data and analytics side, really helping identify challenges where innovative data solutions, machine learning and AI technologies can be leveraged to drive more data driven insights."

In this episode, I’m in conversation with Clark Lai, the CEO of Motiv Innovation Group. Clark’s team helps businesses apply data analytics, machine learning and AI tools to some of their more intractable problems. A great example is letting generative AI models feast on proprietary company data, such as engineering content, and using those models to create first drafts of new engineered assets. They won’t be perfect, but the speed to get to an editable first draft is the real prize. 

"Our client is able to simply search through unstructured text and the AI will be able to retrieve and reference the associated documents within their workspace."

Clark Lai is the CEO of Motiv Innovation Group—an internationally recognized, award-winning digital innovation and venture building company. Since 2013, Clark has led the strategic vision, execution, and expansion of various business units within Motiv. Under his leadership, Motiv has helped its clients and partners increase shareholder value by over $2 billion.

"Now that you have your documents embedded within this AI model, using generative AI, you can now generate net new content and net new value as a result."

With a commitment to excellence, Motiv has been honoured with several prestigious accolades, including The Webby Awards, W3 Awards, German Design Awards, and Ember Awards. He has over 16 years of software development experience in full-stack development, system architecture, cloud computing, data science, and machine learning. Clark has also successfully launched multiple ventures across a range of verticals, including advertising and PPC, health and wellness, data analytics, e-commerce and social commerce, professional services, and AI.

"We are solving the challenges for our team that actually matter. Rather than just building the next shiny toy."

USEFUL LINKS

• LinkedIn profiles (personal, business): 

• Personal: https://www.linkedin.com/in/clarklai/

• Business: https://www.linkedin.com/company/motivdigital

• Website: 

•  https://motiv.digital/