About this paper
With the global energy industry facing an onslaught of new challenges, oil and gas companies can no longer rely on techniques and technologies of the past. Today's companies participating in the exploration and production, transportation and storage, refining/processing and distribution of hydrocarbons need every competitive advantage that's available. Fortunately, the measuring and monitoring devices and IT systems used over the past 20 years are capable of providing data that can create new vistas of business acumen and operational effectiveness. By using analytics strategically, oil and gas companies can create intelligence from new data sources and make groundbreaking, profitable decisions – with confidence.