The oil and gas industry is embracing new technologies to save time and costs and, most recently, to reduce the carbon footprint of its supply chain as the energy sector is under increased pressure to reward shareholders while helping to fight climate change. Along with artificial intelligence, machine learning, digital twins, and robotics, the world’s biggest oil and gas firms and oilfield services providers are betting on 3D printing, also known as additive manufacturing, to streamline operations, cut costs and save time, and reduce emissions from spare parts manufacturing.
Over the past decade, some of the biggest oil and gas firms in the world have turned to 3D printing to procure parts and create digital warehouses to procure and manage the supply of necessary equipment.
One such example is supermajor Shell (2.60%), which believes that additive manufacturing technology can reduce the costs, delivery time, and the carbon footprint of spare parts. Shell has ongoing projects with other industry players, including Baker Hughes (3.06%), to push the innovation of 3D printing for the energy sector, say Nick van Keulen, Supply Chain Digitalisation Manager and Angeline Goh, 3D Printing Technology Manager at Shell.