Big Data ///

Fugro applies seeps expertise to Canada's growing offshore industry

Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data in advance of Canada’s 2018 east coast bid round.

Expro reports first-ever wireless transmission of reservoir pressure data to surface

International oilfield services company, Expro, has successfully accomplished the world’s first proven wireless transmission of reservoir pressure data to surface, from a recently abandoned subsea appraisal well, which incorporated a rock-to-rock cement plug.

Rose Petroleum completes 3D seismic shoot in Utah's Paradox basin

Rose Petroleum, the AIM quoted natural resources business, has announced the completion of the acquisition of data from its 3D seismic shoot in the Paradox basin in Utah.

Zamil Offshore Services, UTEC partner for offshore survey in Saudi Arabia

Zamil Offshore Services and UTEC announce strategic partnership for offshore survey in the Kingdom of Saudi Arabia.

Rise in Texas earthquakes near oil fields prompts new monitoring

Texas, home to two of the nation’s busiest oilfields, now has a new way for the public to track in real time how many earthquakes are rattling the Lone Star State since the expanded use of new drilling techniques.

Emerson expands reservoir simulation software to maximize field recovery

Emerson Automation Solutions has launched the latest version of its reservoir management software suite - Roxar Tempest 8.1, designed to provide robust and efficient numerical solutions to support reservoir engineers in maximizing field recovery.

Industry-led effort designed to cut costs through digital oilfield innovation

Industries ranging from health care to refining have been radically changed by the digital revolution. A new initiative has been launched to help accelerate the same digital transformation for the upstream industry, which is facing the most dramatic business challenge of the past few decades.

Emerson agrees to acquire Paradigm for $510 million

Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 earnings before interest, tax, depreciation and amortization.

FairfieldNodal sets sail for deeper waters to acquire data for Libra consortium

FairfieldNodal’s project to acquire and process high-resolution 3D marine seismic for the Libra consortium has left port for deeper waters to begin work.

FairfieldNodal awarded data acquisition project offshore Trinidad

FairfieldNodal will begin a large Z700 acquisition project offshore Trinidad in late October 2017.

DNV GL acquires specialist in CFD for fire, explosion analysis

DNV GL has acquired ComputIT, a specialist independent company for Computational Fluid Dynamics (CFD) software and R&D.

Gazprom Neft partnership developing Russia's first integrated IT platform for seismic data

Specialists from the Gazprom Neft Science and Technology Centre, in partnership with Yandex Terra (LLC Seysmotek), Pangea PJSC and the Moscow Institute of Physics and Technology (MIPT) are developing Russia’s first integrated platform for the processing and interpretation of seismic data, supporting the entire seismic-survey cycle, from objective setting to project completion.

Cautious outlook for oil and gas rebound could accelerate digital transformation, Deloitte says

Oil and gas executives’ confidence in a quick industry recovery seems to have materially shifted this year from a return to optimism to more caution, according to Deloitte’s “2017 Oil and Gas Industry Executive” survey. With lower expectations of a rapid price recovery, the need by many to find new efficiency gains and reduce costs could push the digital revolution to its tipping point.

Wärtsilä strengthens expertise in vessel positioning technology by acquiring Guidance Marine

The technology group Wärtsilä has acquired Guidance Marine Limited, a privately owned company with offices in the UK, Singapore and the U.S.

Paradigm launches new cloud-based production management solution

Paradigm today unveiled Paradigm k, its new Production Management solution, in the company’s booth #3163, at the 2017 Society of Petroleum Engineers Annual Technical Conference and Exhibition in San Antonio. Paradigm k is a cloud-based, collaborative workflow for production and reservoir engineers to support field operations in maintenance and management of the well system.

Weatherford, Intel collaborate on digital oilfield technologies

Weatherford International plc joined Intel Corporation at the IoT Solutions World Congress in Barcelona to showcase the collaboration between the oilfield services provider and the technology giant, and to demonstrate the benefits of bringing Internet of Things (IoT) technologies to the oil field.

Rockwell Automation takes decision-making from hours to milliseconds with new IoT technologies

In manufacturing and industrial operations, better business decisions require faster operational visibility. Rockwell Automation is helping manufacturers solve this challenge with easy access to advanced analytics and operational insights available at the point of production in milliseconds – not hours.

eDrilling, Petrovietnam University partner to drive digitalization in Vietnam

eDrilling, a provider of drilling and well performance solutions, and Petrovietnam University, the special public University with the mission to carry out high-quality research and training for the development of human resources of Vietnam National Oil and Gas Group (Petrovietnam), has signed a Memorandum of Understanding (MOU) for a long-term engagement to drive the digitalization of drilling operations in Vietnam.

Oildex acquires oilfield software supplier Phoenix DAS

Oildex announced that it has acquired Phoenix DAS, a provider of integrated field operations management software for oilfield suppliers. The acquisition builds on a strategic partnership the two companies announced earlier this year to support Oildex’s electronic Field Ticket initiative.

Gulf Publishing Company launches LNG intelligence service for energy industry

Gulf Publishing Company, a leading media company and provider of market data for the international energy industry, launches today the Energy Web Atlas to provide the downstream energy sector with easy access to information about the Liquefied Natural Gas (LNG) industry.