Big Data ///

EIA data suggests official U.S. oil stockpile figures are too high

Various government data sets including stockpiles, production, imports and exports are signaling that current official figures on at least some supplies are excessive. While it’s unclear where exactly the discrepancy lies, the difference could signal a more bullish outlook for crude prices.

Unique application of digital technologies improves operational efficiency

Mukesh Kapila, Halliburton

Augmented and virtual reality systems reduce rig time usage and mitigate uncertainties, while improving accuracy of rig surveys for offshore solids control and fluid management installations.

Digital Transformation

Andrew Bruce, Data Gumbo

Why you can’t afford not to use blockchain in commodity transportation

China’s drive to restart its economy revives fake data concerns

The pressure to get China back to work after the coronavirus shutdown is resurrecting an old temptation: doctoring data so it shows senior officials what they want to see.

Pass the remote: bringing Equinor’s offshore roles in to land

Automation and a timely tender have enabled the redistribution of tasks carried out offshore and onshore on Equinor’s Askepott rig, paving the way for decreased costs of oil production, improved working conditions for employees and the icing on the frosty cake — savings in CO₂ emissions.

Emerson introduces real-time corrosion interpretation and analysis system

Emerson has introduced The Plantweb Insight Inline Corrosion application to provide the oil and gas industry real-time interpretation and analysis of critical data that helps prioritize maintenance and make informed integrity decisions.

TGS and WhiteStar partner to offer combined data sources

Robert White, CEO of WhiteStar Corporation, said, “Customers will greatly benefit from a best-in-breed integration of our highly curated land data and the well-respected TGS field, pool, and validated well header data.”

MAN Energy Solutions and KONGSBERG sign MoU for collaboration on common data infrastructure for maritime sector

Under the MoU, MAN Energy Solutions is set to investigate the possibility of using Kongsberg Digital’s data-infrastructure solution, Vessel Insight, to securely collect and transmit data using MAN Energy Solution’s digital platform, MAN CEON.

Oil & gas sector connectivity demand grows as new services and technology enable operational efficiencies

Growth reflects operators' search for increasingly sophisticated hybrid connectivity and IT solutions for onshore and offshore operations to drive the digital transformation of oil rigs, drilling and offshore supply vessels, production platforms and FPSO vessels.

TECH TALK: Digitalization, optional or necessary?

There is an ongoing debate about the speed in which the oil and gas industry has adopted technological innovations. Has it been a slow or a timely adoption?

Schlumberger and TIBCO collaborate to provide advanced analytics in the DELFI environment

Schlumberger and TIBCO will leverage both organizations’ ongoing investments in digital innovation by working together on the joint development of descriptive and advanced analytics to deliver powerful new insights into an ever-expanding volume of E&P data.

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.

Schlumberger highlights “The Future is Open” at SIS Global Forum

Schlumberger announced today its biennial event, the SIS Global Forum 2019, has surpassed expectations, laying firm foundations for a new era of openness and widespread collaboration in the oil and gas industry.

Equinor taps Aucotec for Johan Sverdrup digital transformation

"Equinor expects a significant simplification and thus an acceleration of maintenance work. Changes and collaboration with many subcontractors, whether in the design area or in operation, are much easier to implement and are more consistent with this unique master engineering database," said Uwe Vogt, executive officer at Aucotec.

Schlumberger, Chevron and Microsoft announce collaboration to accelerate digital transformation

As part of the collaboration, the three companies will work together to build Azure-native applications in the DELFI cognitive E&P environment initially for Chevron, which will enable companies to process, visualize, interpret and ultimately obtain meaningful insights from multiple data sources.

Schlumberger selects Microsoft as preferred cloud provider, deploys solutions in DELFI environment

Deployment of the Petrotechnical Suite in the DELFI environment on Microsoft Azure, and DrillPlan on Azure Stack, mark significant progress in extending cloud solutions to the E&P market.

Schlumberger, IHS Markit bring analytics-ready data to GAIA platform

The collaboration will bring together data, technology and expertise from two of the industry’s leading sources of E&P information and make it available through the GAIA digital subsurface platform.

BHGE, C3.ai launch AI-based production downtime warning tool

Using historical and real-time data from entire systems, the BHC3 Reliability machine learning models identify anomalous conditions that lead to equipment failure and process upsets. Application alerts enable proactive action by operators to reduce downtime and lost revenue.

Ensign taps GoExpedi to innovate drilling supply chain

GoExpedi has collaborated with Ensign, a leading global drilling company, to provide Ensign’s fleet of drilling rigs with an innovative new technology tool that will significantly enhance its supply chain capability to support their 24/7 drilling operations.

Consortium of oil & gas operators awards blockchain pilot contract

“Blockchain is a promising instrument for industry collaboration in oil & gas benefiting all connected parties. This pilot with Data Gumbo is a significant step towards our goal of proving non-manned volume validations can trigger automated payments to vendors,” said Rebecca Hofmann, chairman of the OOC Oil & Gas Blockchain Consortium.