The oil and gas sector is turning to other industries in search of technologies it can adapt for its own uses, according to a discussion at the recent Unconventional Resources Technology Conference in Houston, Texas. In an interview with Reuters, Michael J. Fox, president of Fox Oil & Gas, said that while he was not surprised by the findings, they were “very disappointing.” Or clinical software that helps predict kidney failure could be used to monitor operational data such as flow rates. In addition, 3D printing can be used to manufacture parts on site, thus reducing shipping and storage costs.
The oil and gas sector is turning to other industries in search of technologies it can adapt for its own uses, according to a discussion at the recent Unconventional Resources Technology Conference in Houston, Texas. For example, a microchip that helps paralysed people control their hands could be useful in managing oil and gas projects that need to process vast amounts of data points. Or clinical software that helps predict kidney failure could be used to monitor operational data such as flow rates. In addition, 3D printing can be used to manufacture parts on site, thus reducing shipping and storage costs.