Big Data ///

Gazprom Neft receives approval for investigation, development of Bazhenov formation

The Ministry of Energy of the Russian Federation has approved Gazprom Neft’s application for its project on “Developing Domestic Technologies and High-technology Equipment to Develop Reserves at the Bazhenov Formation” to be awarded the status of a national project.

Setpoint announces acquisition by Brüel & Kjær Vibro

Brüel & Kjær Vibro (BKV) has announced that it has completed the acquisition of the Setpoint technology platform from Metrix Instrument Company, L.P. of Houston, Texas.

NXT Energy Solutions launches multi-client survey in the Gulf of Mexico

NXT Energy Solutions Inc. has advised that it has commenced work on the first ever SFD multi-client survey in the Gulf of Mexico.

Darktrace partners with Siemens for cybersecurity in oil and gas industry

Darktrace, the leader in Enterprise and Industrial Immune System technology, and Siemens, a global engineering and technology leader, have today announced they have entered into a strategic partnership to bring cutting-edge cyber defense for operational technology (OT) to electric utilities and the oil and gas industry.

2H Offshore launches JIP to drive intelligent efficiencies

2H Offshore, riser and conductor specialists in subsea services group Acteon, is pleased to announce the launch of the STREAM (STeel Riser Enhanced Analytics using Measurements) Joint Industry Project (JIP), which will see 2H Offshore work with operators to find efficiencies for the industry.

Weir Oil & Gas launches intelligent systems for pressure control

Weir Oil & Gas, a leading upstream provider of pressure pumping and pressure control equipment and services, announced it has developed real-time measurements and automated controls to enhance safety, reduce non-productive time, and to enable operators to make more informed, faster decisions.

AOGC 2017 kicks off in Kuala Lumpur, as oil and gas industry embraces new reality

The 19th edition of the Asia Oil & Gas Conference (AOGC 2017) started today in Kuala Lumpur, where more than 1,300 delegates have converged at the Kuala Lumpur Convention Centre to discuss issues and gain invaluable insights on the new reality of the oil and gas industry.

Siemens to develop digital solutions for Aker BP as part of long-term partnership

Siemens will deliver advanced digital solutions for Aker BP’s future field development projects as part of a long-term partnership between the two companies focused on the design, supply and installation of electrical, instrumentation, control and telecom systems—from the preliminary phase to first oil.

Geophysical Insights launches Attribute Generator with expanded library of advanced seismic attributes

Geophysical Insights announced the launch of the new Attribute Generator in the latest release of Paradise version 3.1.

Kongsberg introduces new digital platform at OTC 2017

Like wildfire, the oil and gas industry’s concentrated effort to expand on digital transformation capabilities continues to spread. More and more technology is being developed in an effort to generate further opportunities for value creation.

Xvision software launches cloud-based technology for offshore field development

Xvision Software has launched FieldAP, a cloud-based technology for the energy industry providing offshore project managers with an online tool for visual field development, digital planning and cost containment.

BP expands digital rocks technology

BP’s proprietary digital rocks technology program is getting a key upgrade from a new multi-year commercial agreement with Exa Corporation, which will enhance BP’s ability to predict the flow of oil and water in digital images of reservoir rock.

Flotek, IBM developing cognitive reservoir performance system

IBM and Flotek Industries announced a global agreement to develop a cognitive reservoir performance system for the oil and gas industry.

Seismic data resellers launch microsite for online buyers’ marketplace

SeismicZone.com online data marketplace launched its first microsite for seismic data owners to market their proprietary data from their own corporate website.

TGS announces Crean 3D multi-client project in Ireland

TGS announces new multi-client acquisition project, Crean 3D on the Irish Atlantic Margin.

Operators finally embrace digital technologies to improve production efficiency

The counterbalanced pumping unit is still working hard lifting oil out of the ground. However, algorithms now adjust flow based on computer monitoring.

Drillinginfo announces alliance with MineralSoft

Drillinginfo, an oil and gas SaaS and data analytics company, announced today a new strategic collaboration with MineralSoft, a software platform designed to make managing mineral, royalty and non-operated working interests easier and more profitable.

TGS announces further expansion of north-west African Atlantic Margin 2D seismic survey

TGS announces a further expansion of its NWAAM multi-client library in the MSGBC basin with plans to acquire more than 11,000 km of long-offset broadband 2D seismic data together with magnetic and gravity data, in Senegal and Gambia.

Sercel launches high-resolution seismic streamer

CGG has announced that Sercel has launched Sentinel HR, a high-resolution solid streamer designed to meet the specific imaging needs of shallow-target applications, such as oceanology, civil engineering and reservoir characterization, as well as high-resolution 3D (HR3D) seismic surveys for detailed mapping of geological features.

Emerson expands reservoir management software capabilities

Emerson Automation Solutions has launched the latest version of its reservoir management software suite, Roxar Tempest 8.0. The latest version adds new history-matching capabilities, enhanced field productivity with greater simulation performance, and an integrated workflow from geosciences to production.