The Internet of Things (IoT) is used in the oil and gas sector to collect, transmit and analyse real-time data to better understand asset processes, improve operational efficiency, reduce energy consumption and increase profitability. Venezuelan engineer Saul Ameliach Orta, a petrochemicals expert, explains that IoT solutions exist for all major industry segments:   Upstream operators use it to improve drilling and production management and reduce downtime.   On the other hand, midstream operators use it to improve fleet management and pipeline and warehouse maintenance.   Downstream companies use IoT to optimise oil......

Continue Reading