Oqton, a Belgian software company specializing in solutions for the additive manufacturing (AM) sector, announced that the company has entered into an agreement to develop and commercialize software for Baker Hughes, one of the world’s largest oilfield services companies. Through the partnership, Oqton will integrate its signature Manufacturing OS software platform with the catalog of AM processes that Baker Hughes has developed and accumulated over the past decade.
Moreover, once that initial phase of the partnership has been completed, the companies plan to expand the resultant software platform with further applications and plug-ins, as part of a strategy to branch out into other markets beyond oil & gas. Especially, Oqton and Baker Hughes seem intent on applying their joint expertise to other industries that face the most stringent regulations, such as healthcare and aerospace.
As I frequently mention, there is a strong multifaceted argument to be made in favor of the oil & gas industry’s vastly expanding and rapidly accelerating its adoption of AM-driven digitization. One of the most crucial elements to that argument is that doing so could allow oil & gas companies to move as seamlessly as possible into alternative energy sectors, if those companies can leverage advanced manufacturing technologies to take direct control over their own equipment supply chains.
This particular story has added another, highly significant wrinkle to that overall argument: AM could potentially allow oil & gas companies to expand into sectors that have little or nothing to do with supplying energy, at all. This has implications not only for the oil & gas sector, but also for the economy-at-large, and above all, for the paramount 21st century consideration of decarbonization.
One of the most difficult angles involved in reducing overall carbon emissions is that fossil fuels are so inextricably tied to economic growth — while maintaining near-term economic growth is, in turn, indispensable if the necessary transition to renewable energy is to be successful. Thus, as much as oil & gas companies may deserve to fail for moral reasons, there are, in the end, unassailable practical considerations dictating that the fossil fuel industry has to be viewed as a key decision-maker in the energy transition.
With that said, all of the economic growth represented by fossil fuels will not be able to be replaced simply by forcing oil & gas companies to become renewables providers. Thus, it is reasonable to expect that the world’s largest stakeholders in manufacturing will try to break down as many barriers as they can, between the supply chains of all the various heavy industries. It seems likely, then, that Oqton and Baker Hughes are at the forefront of what should be an increasingly noticeable trend.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
Printing Money Episode 21: Q2 2024 Earnings Analysis with Troy Jensen, Cantor Fitzgerald
Like sands through the hourglass, so is the Q2 2024 earnings season. All of the publicly traded 3D printing companies have reported their financials, so it is time to welcome...
3D Printing Financials: After Long Silence, 3D Systems Reports Q2 Losses, Sees Recovery Signs
3D Systems (NYSE: DDD) has finally shared its financial details for the second quarter of 2024 after a long delay. The company had been unusually quiet, with no updates on...
Emerging AM Technologies Analysis: Where Are They Now, Part 2
In March 2023, AM Research published the “Emerging AM Technologies Analysis: 10 Companies to Watch” report highlighting 3D printing companies with the potential to disrupt the additive manufacturing (AM) industry....
Oqton Wins over EOS with Quality Control Software Integration
When 3D Systems acquired Oqton, there were concerns about whether other original equipment manufacturers (OEMs) would continue to trust and share information with Oqton. Oqton’s automation and process software can...