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New ideas are emerging continually, in disciplines ranging from nanotechnologies to 3D printing and remote monitoring. How do these ideas percolate through the oil and gas industry, and transition into practical applications? An oilfield company could set up a team of technology scouts to scour new developments underway in a variety of industries, from computing to aerospace and biomedical engineering. An easier avenue is the Oil & Gas Innovation Center. Under the direction of CEO John Barratt, the Palo Alto, Calif.-based center addresses the specific technology needs of the petroleum industry. Technologies showcased by the center are either commercially available or close to this threshold.
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