42 TechnologyNewsThe impact of rising oil prices on innovation

The impact of rising oil prices on innovation

Does a rise in oil price necessarily imply an end to innovation in the oil and gas sector?

Jeremy Carey, 42 Technology’s managing director, has been featured in this month’s Professional Engineering journal, sharing some of his views on how innovation may be re-focussed onto extending asset life and improving operating efficiencies.

Greater use of sensors, instrumentation and data communication technologies are likely to present opportunities for operating cost savings, and initiatives such as robotic inspection and energy harvesting could enable some really interesting areas for efficiency improvement.

The complete article, published by Professional Engineering magazine (August 15) can be downloaded here.

Read the full article here.