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3D Printing in Oil & Gas - Thematic Research

3D Printing in Oil & Gas - Thematic Research

Summary

In many sectors 3D printing, also known as additive manufacturing, is changing the way the global supply chain operates and interacts with all the other moving cogs and gears of the respective parts of the industry. A primary driving force behind this shift in production can be attributed to consistently decreasing material and equipment costs, while 3D printing capabilities have skyrocketed over recent years, even implementing the use of high-energy lasers.

This application is expected to become a vital component for industries that lean heavily toward machines, robotics, large and small equipment, and more complex components. Within an industry such as energy, oil and gas companies find themselves at a critical stage of replacing, retrofitting, and maintaining large portions of their equipment and physical infrastructure.

3D printing is proving to be the hopeful answer to these issues, with possible applications giving rise to benefits such as increased visibility and sustainability over the production, transportation, and inventory of new parts, a large reduction in time spent within the research and development (R&D) stage regarding new designs for equipment and infrastructure, as well as bringing customer and company closer together.

Consider the scenario of the process involved regarding the requirement of new parts: shipping would be the initial step from an off-site location, taking days or even weeks, followed by the arrival of the part on-site and its installation. This process has already incurred high fees and lengthy delays; all the while money has leaked away as the machine that requires this specific part has not been operating, resulting in heavy losses per day.

Now multiply this by all the different machines with parts or pieces of equipment that are needed at all the extremely remote sites by a single oil and gas operator. The prospect of replacing this process with a more efficient, cost-effective method would make a significant difference. Possessing a host of features, 3D printing can also add sizable value to the prototyping phase, improving collaboration and reducing the initial costs involved with wasted prototypes.

Usually throughout the process of prototyping many iterations of a new component are evaluated, and typically they are all physically made, which is an expensive task. With the use of a 3D printer in this process, the prototype models can be constructed, reviewed, and then modified through real-time digital blueprints. At a time when oil and gas operators are investigating ways to reduce operating costs, 3D printing dramatically limits wasted materials and expensive metals which are primarily used to manufacture the industry-specific equipment and infrastructure.

Scope

This report is part of our ecosystem of thematic investment research reports, supported by our “thematic engine”. About our Thematic Research Ecosystem -

  • GlobalData has developed a unique thematic methodology for valuing technology, media and telecom companies based on their relative strength in the big investment themes that are impacting their industry. Whilst most investment research is underpinned by backwards looking company valuation models, GlobalData’s thematic methodology identifies which companies are best placed to succeed in a future filled with multiple disruptive threats. To do this, GlobalData tracks the performance of the top 600 technology, media and telecom stocks against the 50 most important themes driving their earnings, generating 30,000 thematic scores. The algorithms in GlobalData’s “thematic engine” help to clearly identify the winners and losers within the TMT sector. Our 600 TMT stocks are categorised into 18 sectors. Each sector scorecard has a thematic screen, a risk screen and a valuation screen. Our thematic research ecosystem has a three-tiered reporting structure: single theme, multi-theme and sector scorecard. This report is a Multi-Theme report, covering all stocks, all sectors and all themes, giving readers a strong sense of how everything fits together and how conflicting themes might interact with one another.
Reasons to buy
  • Our thematic investment research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world as well as institutional investors.
  • Corporations: Helps CEOs in all industries understand the disruptive threats to their competitive landscape
  • Investors: Helps fund managers focus their time on the most interesting investment opportunities in global TMT.
  • Our unique differentiator, compared to all our rival thematic research houses, is that our thematic engine has a proven track record of predicting winners and losers.


PLAYERS
TRENDS
Oil & gas industry themes
Technology trends
Macroeconomic trends
Regulatory trends
INDUSTRY ANALYSIS
Use cases
History
Market size forecasts
Competitor landscape
Mergers and acquisitions
Timeline
DISRUPTIVE IMPACT ON OLD ECONOMY INDUSTRIES
Prototyping
Health care
Apparel
Automotive
Aerospace
Jewelry
Food
Logistics
Piracy
Construction
IMPACT OF 3D PRINTING ON OIL & GAS
Oil and gas case studies
Key recommendations for oil & gas companies
COMPANIES SECTION
Industrial 3D printer manufacturers
Consumer 3D printer manufacturers
3D printing services companies
Oil & gas companies
TECHNOLOGY BRIEFING
Definition
The eight leading 3D printing technologies
The Additive Manufacturing Technology Matrix
APPENDIX: OUR “THEMATIC” RESEARCH METHODOLOGY

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