Big Data ///

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.

CGG completes first full-scale TopSeis survey in Barents Sea

CGG has successfully completed acquisition of the first-ever full-scale commercial survey using TopSeis, its latest offshore broadband seismic acquisition and imaging solution.

ION extends new 2D multi-client program offshore Panama

ION Geophysical Corporation has announced an approximate 50% extension to its previously announced program offshore Panama, due to strong client interest and prefunding to evaluate offshore Panama in advance of the anticipated license round.

SEG’s president praises cooperative research, global talent development

In the collaborative environment of today’s E&P industry, the Society of Exploration Geophysicists (SEG) is shaping itself to foster cooperation on new research, such as how Big Data can improve exploration, said SEG President William L. Abriel, during a speech on Sept. 26 at the 2017 SEG Annual Meeting in Houston.

CGG completes Perdido subsalt survey for Pemex, delivers fast-track imaging

CGG has completed ahead of schedule an 11,500 km2 wide-azimuth (WAZ) survey on behalf of Pemex in the deepwater Perdido area.

Baker Hughes awarded contract by Nigeria LNG in digital agreement for Sub-Saharan Africa

PARIS -- Baker Hughes, a GE company has signed an agreement for the provision of asset performance management software and services for LNG trains and related balance of plant by Nigeria LNG Limited.

Gazprom Neft begins full-scale hydrocarbon prospecting of pre-Jurassic deposits

Gazprom Neft has begun geological investigations in Paleozoic hydrocarbon deposits in the Tomsk Oblast. Thus far, the complex structure of the pre-Jurassic complex has not been deemed an independent geological prospect, investigations into which demand the modification of traditional prospecting methodologies.

Baker Hughes, KBC partner to provide integrated software solutions to oil and gas

Baker Hughes, a GE company (BHGE), and KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, have announced a preferred partnership that will provide a combination of process simulation, asset performance management and operational software solutions to the oil and gas industry.