GSN February Digital Edition

Oil, Gas, Electric Grid Monitoring
six in ten (61%) respondents agree
that operators will increasingly
push to standardize their delivery
globally, up from 55% in 2015 and
52% in 2014.
Even in the current price environment,
49% say their company is
taking a long-term approach to innovation
and R&D. However, nearly
one in five companies (18%) does
not have a strategy in place to maintain
innovation. The most common
strategy for maintaining innovation
with lower budgets is to increase
collaboration with other industry
players (45%). Nearly one in three
(30%) plans greater involvement in
joint industry projects in the year
ahead.
“Innovation and collaboration are
even more important in this current
price environment. It isn’t just about
finding the breakthrough technologies
– although that’s important too
– it’s also about making things simpler
and more efficient and ultimately
helping the industry to safely cut
costs. At DNV GL, we are continuing
to invest 5% of our revenue in
R&D as we see this as a key enabler
for sustainable long-term competitiveness,”
continues Tørstad.
The greatest barriers to growth
in 2016 are the low oil price (63%),
weak global economy (42%), uneconomic
gas prices (21%) and growing
regulatory burden (11%). Access to
Energy industry veteran Stephen
Trippe named Interim Chair of
Quantum Technology Sciences
Continued from page 34
forward to helping write the next
chapter of Quantum with their outstanding
team,” says Trippe.
About Quantum Technology
Sciences
Quantum Technology Sciences
designs and sells intrusion detection
and surveillance solutions to
safeguard highly valued assets and
critical infrastructure. Founded in
1991, Quantum is the first security
and surveillance company to maintain
an awareness perimeter where
threats in the air, water and land are
detected, tracked, and classified in
real-time. The company’s seismicacoustic
detection solutions have
won consecutive ASIS Accolades innovation
awards in 2014 and 2015.
capital (16%) has also become more
prominent in 2016.
Download a complimentary
copy of A New Reality: the outlook
for the oil and gas industry in 2016
from: http://dnvgl.com/anewreality
38
Siemens and IBM team on next
generation of cloud-based building
energy management solutions
Continued from page 36
tion, automation and digitalization.
One of the world’s largest producers
of energy-efficient, resource-saving
technologies, Siemens is No. 1 in
offshore wind turbine construction,
a leading supplier of gas and steam
turbines for power generation, a
major provider of power transmission
solutions and a pioneer in infrastructure
solutions as well as
automation, drive and software solutions
for industry. The company
is also a leading provider of medical
imaging equipment – such as computed
tomography and magnetic
resonance imaging systems – and
a leader in laboratory diagnostics
as well as clinical IT. In fiscal 2015,
which ended on September 30,
2015, Siemens generated revenue
of €75.6 billion and net income of
€7.4 billion. At the end of September
2015, the company had around
348,000 employees worldwide.