Equinor ASA - Digital Transformation Strategies

Equinor ASA - Digital Transformation Strategies

Summary

Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. It focuses mainly on the exploration, development and production of crude oil and natural gas on the Norwegian Continental Shelf (NCS). The company also has operations in several of the important oil and gas provinces in the world. Equinor operates refineries, processing plants, storage and terminals, and has interests in various oil and gas pipelines. The company markets, trades, and transports crude oil, condensate, natural gas, natural gas liquids, and refined products. It also has presence in offshore wind, carbon capture and storage, solar, and hydrogen projects.The report provides information and insights into Equinor's tech activities, including -

• Insights of its digital transformation strategies and innovation programs
• Overview of technology initiatives covering partnerships, product launches and acquisitions
• Insights on each technology initiative including technology theme, objective, and benefits
• Details of estimated ICT budgets and major ICT contracts

Scope

• Equinor is tapping into innovative technologies including IoT, robotics, AI, and data science, which helps automating drilling operations and inspection of oilfields.
• Equinor is exploring the use of digital twin, a virtual model of unmanned production facilities that enables onshore users to explore offshore assets and help Equinor in remote operation and management of its unmanned offshore fields.
• Equinor established a Microsoft Power Platform Center to increase process efficiency with greater innovation at optimized costs.
• Equinor is streaming operational data from all its 26 offshore fields in Norway to its cloud-based data platform, while its engineers and data scientists are using these data to develop and utilize machine learning models to continuously improve operations.

Reasons to Buy

• Gain insights into Equinor's tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships and acquisition strategies.