Big Data ///

Schneider Electric delivers profitable safety

Schneider Electric has demonstrated how it enables customers to extend real-time control from only operational efficiency to include operational safety, security and profitability.

Ikon Science to release latest in reservoir monitoring

Ikon Science announce that RokDoc 6.6 is to be released during the SEG 2018, including the launch of a new RokDoc 4D Reservoir Monitoring product. This release demonstrates Ikon’s continuing focus on enabling E&P companies to improve efficiencies, reduce costs and maximize ROI.

LMKR releases updates to GeoGraphix and GVERSE field planner

LMKR announced the release of GeoGraphix 2017.3, the latest upgrade to the GeoGraphix software that comes with extensive updates focused on increasing productivity.

BP, Aker BP form strategic technology venture alliance

BP has announced that it has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses.

Data analytics in oil and gas took center stage at ATCE 2018

Big data transformation, artificial intelligence (AI), machine learning, and other digital technologies were the key topics at the Society of Petroleum Engineers (SPE) Annual Technical Conference and Exhibition (ATCE), which took place Sept. 24-26, at the Kay Bailey Hutchison Convention Center in Dallas.

Halliburton introduces advanced wireline logging sensor

Halliburton Company has released the Xaminer Magnetic Resonance (XMR) Service, the industry’s only high pressure rated (35,000 psi) downhole sensor that provides comprehensive nuclear magnetic resonance measurements to improve reservoir insight.

TGS announces new multi-beam, seep study project in the MSGBC basin

TGS has announced its first regional offshore MSGBC SeaSeep Project in the Northwest Africa Atlantic Margin.

OGIC supports new research projects for digitalization in oil and gas

The Oil & Gas Innovation Centre (OGIC) is supporting three new research projects centred on how digitalization can improve efficiency and provide cost savings to the oil and gas industry.

How big data, analytics increase production asset uptime in oil fields

Although oil prices have recovered to above $60/bbl recently, Oil and Gas producers continue to be highly focused on reducing their operations costs to reduce their break-even prices in order to stay ahead of the curve; companies must continue to make investments in improving operational efficiencies to sustain and improve their profitability in the highly volatile business environment.

How digital transformation of engineering & design reduces cost, time and risk in capital projects

In the past few years, low oil prices had sanctioned almost every large energy projects in the oil and gas industry. Today, with the recent recovery of oil prices, most companies are starting to see light at the end of the tunnel and preparing to ramp up their investments to either maintain or grow output. Yet, despite the increasing investment in projects, EPC companies are facing tougher contracting and more intense global competition.

Digital twin is key to digital transformation of the oil and gas industry

The concept of Digital Twin is not new and it has been around for more than a decade. A digital twin is a complete 360-degree digital replica of a physical asset such as a pump, compressor or entire plant that enables analysis of data and monitoring of systems to catch problems before failures occur, preventing downtime and developing new opportunities for business improvement. Only in recent years, the improved technology and greater clarity on the use cases have accelerated the technology adoption.

Digital transformation journey in upstream oil and gas, gas processing

IIoT, Digital Oilfield 4.0 and Industry 4.0 are some of the really big terms describing digital transformation in the oil and gas industry today. It came as no surprise when a recent survey pointed that while most executives agreed digital transformation would be an important source of growth for them over the next several years, they are still lacking a clear perspective on where and how they can embark on the “right” digital journey to maximize production potential of their assets--especially given the breadth of complex applications from wells to processing facilities, and from designs to operations in both asset and operations lifecycles.

2H Offshore expands STREAM JIP for improved SCR, lazy-wave riser design

2H Offshore, a riser and conductor specialist in subsea services group Acteon, has completed the first phase of the STREAM (STeel Riser Enhanced Analytics using Measurements) joint industry project (JIP) and has expanded the work into a second phase.

Joint study shows data analytics can improve production efficiency, reduce maintenance costs

A joint study by the UK oil and gas industry’s Technology Leadership Board, the Oil & Gas Technology Centre and the Oil and Gas Authority (OGA) has found that adopting data analytics and digital technologies for asset maintenance and operations could increase production and lower maintenance costs worth £1.5 billion annually to the UK Continental Shelf (UKCS).

Blockchain quickly becoming oilfield cybersecurity standard

As cybersecurity threats to the oil and gas industry have grown exponentially, various strategies have been deployed to safeguard companies’ computer and control systems. One new technology in particular, blockchain, has emerged as a highly innovative and effective solution.

BP deploys cloud-based analytics solution on Gulf of Mexico platforms

BP announced today that it has successfully deployed Plant Operations Advisor (POA), a cloud-based advanced analytics solution developed with Baker Hughes, a GE company, across all four of its operated production platforms in the deepwater Gulf of Mexico.

Wood, Abyssal partner to provide latest digital technology

Wood has teamed up with Abyssal, a 3D visualization, simulation and digitalization solutions provider to the oil and gas and marine renewables markets, to provide the latest digital technology aimed at improving the design, constructability, operation and inspection of subsea assets globally.

ONS: Cybersecurity experts say O&G industry not doing enough

While the global oil and gas industry seems to have plenty of innovation and new thinking to show off at ONS this year, there is a group of folks that thinks it is coming up short in one specific area and that would be fighting cybersecurity threats adequately.

ONS: WorleyParsons launches Project Constructor app

In yet another example of how efficiency and cost containment rule the day, Australian firm WorleyParsons has launched a new app at ONS that generates detailed project execution plan scenarios in 3D.

Aker BP signs "data liberation contract"

In collaboration with Cognite and Framo, Aker BP intensifies the digitization of offshore operations; new smart service contract will change the traditional approach to maintenance.