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LR Energy issues ‘Oil and Gas Technology Radar’ study

The study finds that future innovation to be driven by collaboration Lloyd's Register Energy has released its findings from a major oil and gas survey conducted to assess the impact of innovation and investment by operators in America, Europe and Asia.The Technology Radar survey, launched at the start of the year, takes the pulse of technical innovation in the sector and looks ahead to the future investment drivers.The survey revealed the investment drives to be:Safety improvements (45%)Improving operational efficiency (44%)Reducing costs (43%)Accessing new reserves (29%)Increasing asset lifespan (27%)Lead participants in the survey include commentary from UK Onshore Operations Group, Woodside Energy, Enertech, Maersk Drilling, TouGas Oilfield Solutions, Horton Wison Deepwater, Royal Dutch Shell, GE Oil & Gas, and also Douglas-Westwood, National Energy Technology Laboratory (US), and the Institute for the Analysis of Global Security.The Technology Radar survey is one of the largest polls on the issue of technology and innovation in the oil and gas industry. It takes in to account respondent's opinions and their business strategies in the near term (before 2020); the medium term (the years before and after 2020); and the longer term (from 2025 and beyond).Technology Radar survey is based on five research questions:Which technologies are ...

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