Artificial intelligence ///

TechnipFMC, DNV GL partner to benchmark digital twin methodologies

The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins. It will set a benchmark for oil and gas operators, supply chain partners and regulators to establish trust in digital twin-generated data for performance and safety decision-making in projects and operations.

DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service.

Halliburton Landmark introduces DecisionSpace 365 cloud applications at annual innovation forum

Halliburton released ten new DecisionSpace 365 E&P cloud-native applications that leverage advances in digital technology to help operators reduce exploration risk, improve reservoir characterization and boost drilling efficiency.

Schlumberger deploys its DELFI cognitive E&P environment for Woodside Energy

Woodside will leverage this secure cloud-based software environment to increase consistency, reduce study cycle time and foster innovation in its subsurface characterization and development activities.

Weatherford automated connection integrity system reaches deployment milestone

Weatherford’s Vero automated connection integrity system, which applies artificial intelligence to validate well integrity and minimize safety risks, has completed 15,000 tubular connections in 50 operations worldwide since its market debut.

Saipem Sonsub begins final tests on industry’s first underwater intervention drone

Saipem Sonsub has launched its Hydrone-R underwater intervention drone to start endurance and qualification tests prior to its commercialization by year’s end.

BHGE, C3.ai announce JV to deliver AI solutions across the oil and gas industry

Baker Hughes, a GE company and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry.

Globally-renowned tech futurist joins WFS Technologies team

A globally-renowned technology evangelist who focuses on emerging trends and their impact on business and wider society has joined the team at WFS Technologies, a subsea wireless automation, Internet of Things (IoT) and edge computing networks company for the energy industry including oil & gas and offshore wind.

Schlumberger selects Google Cloud as a preferred cloud provider

Schlumberger has announced that it has renewed and significantly expanded its agreement with Google Cloud to develop cloud-native E&P applications to help its customers derive actionable insights from data and harness the power of Google’s cloud infrastructure and artificial intelligence (AI) capabilities.

DNV GL develops machine learning solution for faster, more accurate mooring line failure detection

DNV GL has developed a solution that reduces the risk of offshore floating vessel mooring line failure going undetected by replacing physical sensors with a machine learning algorithm that accurately predicts line failure in real time.

TGS launches AI platform and data management solution for major IOC

TGS’ Data & Analytics Business Unit, formed at the end of 2017 and designed to revolutionize understanding of the subsurface using artificial intelligence, is announcing three major milestones.

Rockwell Automation releases AI module to improve industrial production

Industrial workers can now more easily use the data from their equipment to predict production issues and improve processes with their existing automation and control skill set.

Kenneth Collins joins OspreyData as V.P. of production optimization & services

OspreyData, leader in AI-based production optimization solutions for oil & gas, announced that Kenneth Collins has joined as V.P. of product optimization & services.

2019 Machine Learning conference: Tapping into oil and gas data

The 4th Annual Machine Learning in Oil and Gas conference kicked off Wednesday, April 17, in Houston.

Gazprom Neft, IBM Research Brazil enhance geological processing with AI

More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills in a research project,

CERA Week 2019 Day 2 - Leadership

During Day 2 of CERAWeek 2019, the leadership dialogue continued with Chevron Chairman of the Board and CEO Mike Wirth, who spoke to the crowd about Chevron’s goals in the Permian basin and Gulf of Mexico.

DNV GL has opened an artificial intelligence research centre in Shanghai

DNV GL has opened an artificial intelligence research center in Shanghai as it seeks new solutions to enhance its audit, inspection and survey services.

ExxonMobil to increase Permian profitability through digital partnership with Microsoft

ExxonMobil has announced that a new partnership with Microsoft will make its Permian basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies.

Rotterdam Port Fund invests in ExRobotics

The investment fund Rotterdam Port Fund has acquired a stake in ExRobotics. With locations in Breda and Delft, the Netherlands, this firm is a pioneer in the development of robots that can be used in environments with a high explosion risk.

Artificial intelligence drives early-warning alerts to prevent ESP disruptions

Matthew Chinn, Mirko Wutkewicz, Siemens

Artificial intelligence may seem like a solution in search of a problem, but an on-line retailer has used it since 2006, helping to grow sales by 1,600%. It’s now being applied in oil and gas operations, and it added value in an E&P pilot program with 30 electrical submersible pumps.