Digital Transformation ///
The development strategy for the new joint venture is aimed at addressing the challenge of digitally transforming the oil and gas sector through the application of Industry 4.0 technologies.
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.
The U.S. Department of Energy Small Business Innovation Research Program has awarded a Phase I grant to E-Spectrum Technologies and Dr. Eduardo Gildin, associate professor in the Harold Vance Department of Petroleum Engineering at Texas A&M University, to create an advanced advisory system that accurately depicts underground conditions in real time during drilling operations.
Wärtsilä has been awarded Lloyd’s Register system-level cyber certification for its network architecture relating to Wärtsilä’s integrated main and auxiliary machinery.
ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide, helping minimize cost, schedule and risk.
As a member of PIDX, ChaiOne will have an active role in the development of standards, contributing to industry-wide solutions for buyer, supplier, and API networks at all stages of adoption and improvement of digital integration.
A new compensation format will help improve efficiency as Equinor awards new framework agreements for safety and automation systems with five suppliers.
The partnership will deliver unprecedented capabilities to petrotechnical domain experts in response to global demand for AI, bridging the gap between machine learning and domain expertise to enable better insights.
Rice University has launched Carbon Hub, a major research initiative to create a zero-emissions future in which oil and natural gas provide both clean energy and advanced materials that help house, move, clothe and feed people.
A Denver-based company that installs data centers at shale drilling sites to take advantage of excess natural gas supplies says it now has eight operations across the U.S. and plans another 30 in the first half of next year.
Delivering sustained business value from digital technologies--particularly AI--requires good problem formulation, data readiness, expertise availability and organizational enablement.
“Infinitum’s mission aligns well with our goals for the Future Energy Fund,” said Barbara Burger, President, Chevron Technology Ventures.
Total E&P Denmark has awarded Emerson a contract to provide wellhead pressure monitoring technology to enhance safety during the multi-year redevelopment project to extend the life of Denmark’s biggest gas field.
Thorbjoern Fors, Siemens
Digital transformation holds the key to addressing global energy challenges
Jim Redden, Contributing Editor
On overload and big brother
David Renzi, Stress Engineering Services
Digital twin technology provides most of the information required for a complete integrity management program, greatly improving the ability to operate and maintain floating production systems.
The Wärtsilä Fleet Operations Solution integrates individual processes that are otherwise separate from each other to optimize the planning, weather routing, fuel consumption, and speed of a vessel.
Under the terms of a 10-year partnership agreement, ADNOC will utilize Honeywell’s state-of-the-art asset monitoring and predictive analytics platform to maximize asset efficiency and integrity across ADNOC’s upstream and downstream operations.
The system enables customer support to be delivered proactively by Wärtsilä Expertise Centres to ensure long-term accurate insight for their predictive maintenance strategies.
The new Digital Partner Program streamlines industrial IoT implementations by connecting customers to digital expertise and solutions from market leaders.