- #Shell developed techlog software#
- #Shell developed techlog license#
- #Shell developed techlog series#
Due to the increasing penetration of intermittent energy sources such as wind and solar energies, the prediction of customer demand is critical to successfully plan electricity generation. In this context, the digitalization will allow the company to entry into new business, reduce the dependency on oil, and reduce the impacts of COVID-19. For example, matching supply and demand of electricity is a critical activity for electric utilities. The entry of Shell into this new sector brings important challenges for the company. To illustrate, in 2019 Shell acquired ERM Power, one of the largest Australian commercial and industrial electricity retailers.
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Shell has already advanced towards its goal of becoming a net-zero emissions company. To reduce the impact of COVID-19 and future external shocks, Shell should continue diversifying its business. Those techniques can predict unexpected events, improve well placements, and detect equipment failures. The use of advanced analytics techniques such as natural language processing can increase the efficiency of the operations.
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Due to the challenging circumstances of developing projects offshore, the efficiency is still lower than the efficiency of onshore projects. Offshore projects develop oil and natural gas deposits located under the ocean. At the same time, Shell can improve offshore operational performance. This initiative will allow the company to improve its inventory planning capabilities and reduce the operating costs of the company. To illustrate, Shell can digitalize its logistics to improve its inventory tracking. Since the demand for oil has been reduced due to the economic shock, improving the efficiency of the business is critical for boosting the net income of the company.
#Shell developed techlog software#
Providing software platform for videoconferences has been critical for maintaining supporting the operations. Shell has invested on technology to help 70,000 to work from home every day. Provide technology to support to ensure employees can work from home.In the traditional business, digital innovation can help to keep operations running and boost its efficiency. To diversify its portfolio and become less dependent on oil prices, digital technologies will play a critical role.ĭigital innovation will help the company to improve its growth in the traditional and new business and reduce the impact of COVID-19. In fact, amidst the virus outbreak, Shell announced that the company has set itself an ambition to become, by 2050 or sooner, a net-zero emissions company. The effects of COVID-19 reinforced the need to diversify its business. In the last decades Shell has invested in new businesses to reduce the impact of external shocks. The impact of COVID-19 on the demand for oil, brings an opportunity for Shell to continue diversifying its portfolio. This effect is amplified by the Russia-COPEC price war. In addition, COVID-19 has impacted the demand for oil, resulting in plummeting oil prices.
#Shell developed techlog series#
Pathways to a Just Digital Future Watch this tech inequality series featuring scholars, practitioners, & activists Digital technologies will play a critical role on keep operations running and on boost the efficiency of Shell’s traditional business. Social distance norms to reduce the propagation of COVID-19 affect the way in which Shell operates its businesses.
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In this article, I discuss how COVID-19 impacts Shell’s business and recommend how the company can leverage digital innovation to continue growing.ĬOVID-19 has impacted importantly operations-intensive companies like Shell. The company creates shareholder value by i) exploring for crude oil and natural gas, ii) developing new crude oil and natural gas from major fields, iii) cooling natural gas to produce liquified natural gas, iv) supplying and trading oil, gas, and other energy products such as electricity, and v) having a portfolio of refineries and chemical plants that produce a wide range of products.
#Shell developed techlog license#
The company, with 83,000 employees in more than 70 countries, has set three ambitions: thrive in the energy transition, provide a world-class investment case, and sustain a strong societal license to operate. Shell is an international energy company with revenues of $345 billion and net income of $16.4 billion.