Technology has been a key ingredient to helping the oil and gas industry navigate life in oil and gas fields post-downturn.
The subsea sector, which has been bruised by lower commodity prices as oil and gas companies slowed spending, has seen its share of woes. But technological innovation has continued, and there is still room to grow.
Emerging technologies such as predictive analytics and improvements in areas such as electrification and subsea boosting could help improve economics for operators and equipment manufacturers alike.
Neil Saunders, president and CEO of subsea systems and drilling for GE Oil & Gas, shared his thoughts, which have been edited for length and clarity, with SEN on these topics and more as he gears up to take on a new role—president and CEO of oilfield equipment—following the completion of the merger of GE Oil & Gas and Baker Hughes Inc.