Big Data ///

Lumina unveils new geophysical-modeling tool

Leonardo, the new geophysical-modeling tool from Lumina, is now available. The tool allows users to imagine, model and test 2D earth models more quickly and more easily than ever before, using a paint-oriented approach. Paint your earth model and push a few buttons for instant 2D synthetic seismic sections, a wide variety of attributes and AVO responses.

Netflix for oil setting stage for $1-trillion battle over data

A battle for big data is brewing in the oil patch.

DNV GL to build independent platform for energy storage system monitoring, analytics

DNV GL has recently started the development of an independent platform for integrated monitoring and performance reporting of energy storage systems (IMPRESS).

CERAWeek ’18: Siemens adds three new partners to Charter of Trust cybersecurity initiative

While threatening cyber activity has reportedly cost the U.S. billions of dollars in recent years, Siemens is taking additional steps to protect critical infrastructure related to the energy sector through its new cybersecurity initiative, Charter of Trust.

Statoil invests in offshore digital technology

An integrated operations support center and a drilling operations center will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than $2 billion from 2020 to 2025 before tax.

Emerson, Total sign long-term global agreement for Paradigm E&P software solutions

Emerson announced today a long-term global agreement with Total S.A. to provide all Total geoscientists with access to Emerson’s Paradigm exploration and production (E&P) software portfolio, to help the global energy leader maximize performance of reservoir subsurface modeling and formation evaluation.

GE, Noble Corp. launch world's first digital drilling vessel

Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.

Aker Solutions to collaborate with Cognite, strengthening digital offering

Aker Solutions agreed on a long-term collaboration with software company Cognite to accelerate the development of digital solutions that will drive major efficiencies through the entire life of an energy asset.

New software puts real-time drilling monitoring in reach

Proactive Real Time Systems (PRTS) has launched its new software product called the Real-Time Advisory System (RTAS).

Weatherford releases production optimization software

Weatherford International plc today announced a new software release for its ForeSite production optimization platform, which combines physics-based models with advanced machine-learning data analytics to improve performance across conventional and unconventional oil and gas assets.

CGG, Ardiseis complete highest-density seismic survey ever acquired

CGG, its technology partner, and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced the successful completion of the world’s highest-density broadband seismic survey ever acquired onshore or offshore.

Quantico Energy Solutions, Target announce technology alliance

Quantico Energy Solutions, a leader in artificial intelligence (AI) solutions for the Upstream segment of the oil and gas industry, and TARGET, an oilfield services company specializing in digital transformation technology and enablement, today announced a strategic alliance to leverage their respective technology offerings in data management, geoscience consulting and artificial intelligence solutions for the global oil and gas industry.

Emerson announces acquisition of GeoFields, Inc.

Emerson has acquired GeoFields, Inc., a leading global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry.

Cryptocurrency mining operation launched by Iron Bridge Resources

Iron Bridge Resources Inc. has announced the formation and launch of a wholly-owned cryptocurrency mining and hosting operation called Iron Chain Technology Corp. (ICT).

Part two of Petrotechnics survey reveals additional OE insights

The second installment of Petrotechnics’ Operational Excellence Index (OEI) has revealed companies in hazardous industries are embracing digital transformation as a means of achieving Operational Excellence (OE), but the rapid pace of innovation and fear of change could pose barriers to widespread adoption.

Energy Web Atlas releases new features for real-time LNG intelligence service

Gulf Publishing Company has announced several enhancements to the Energy Web Atlas (EWA) applications. The ESRI-based geographic information system (GIS) platform allows users to examine real-time project information, export and manipulate data, and serves as a comprehensive source of actionable project intelligence.

LMKR launches subscription program for instant access to latest software

LMKR announced the launch of the GVERSE GO, a pay per use subscription program that allows instant access to LMKR's software while paying only for what you use.

Oil tycoon T. Boone Pickens closes main hedge fund

Legendary oil tycoon T. Boone Pickens is closing his hedge fund, saying trading oil has lost its luster.

Endress+Hauser forms alliance to provide digital oilfield technology

Endress+Hauser is pleased to announce the alignment of partnerships with Angus Measurement Services, TechnipFMC and its authorized service provider, Vector Controls.

How big data analytics are changing the oil and gas industry

Today, “big data” has become a ubiquitous phrase at any enterprise, primarily as data in volume, velocity and depth grows due to consumerization of the world. To understand its potential to change the oil and gas industry, one must first understand innovation dimensions and how they can be applied at any enterprise.