BP’s oil spill to double energy companies’ IT spend

The aftermath of BP’s Gulf of Mexico oil spill could double the amount energy companies will spend on information technology (IT) as they look to adhere to new regulatory requirements in offshore drilling pursuits

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Oil & gas companies' IT spend on a range of technologies, including health safety and environment (HSE) systems, enterprise asset management (EAM) systems, application and data integration, and advanced analytics for risk management capabilities, could double as the groups look to comply with tighter offshore drilling regulations, following BP's Gulf of Mexico oil spill.

"Prior to the disaster in the Gulf of Mexico, our forecast for worldwide spending by oil & gas companies on HSE software was

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