Digital Transformation ///
The project will examine the application of digital technologies in areas such as autonomous ships, advanced remote services, new bridge technologies, and data sharing.
Technology can empower end-users to determine their carbon emissions and influence the pace of climate change, says the oil and gas major.
As operators worldwide set ambitious net-zero-emissions goals, oilfield service companies have an opportunity to both play a key role in meeting these targets, and take a leadership position in shaping the path of the coming energy transition.
In this interview, Jason sheds a little light on Avitas, how it operates as the first venture for Baker Hughes and as a technology accelerator.
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.
Parts and processes that once took months or years now take days or weeks, they can be customized without additional costs and there are previously unimaginable innovations. That’s just a hint of how additive is transforming industries.
The application continuously uses machine learning algorithms to quickly aggregate historical and real-time data across production operations and creates a comprehensive view of production from individual and multiple wells to the pipeline, distribution, and point-of-sale.
An Israeli cybersecurity firm has identified a new type of ransomware that it believes was created by Iran and has the ability to lock up or even delete industrial control systems.
French marine offshore and performance management company Opsealog announced its 2019 Environmental Impact results, having achieved a 10% reduction in gas emissions related to marine offshore operations in partnership with its E&P clients.
In today's episode, Michael Porier, managing director with business and technology consulting firm Protiviti, discusses the evolving cyber security risks associated with digital transformation, and how energy companies can proactively mitigate these risks.
Manoj Nimbalkar, Weatherford International
If only a tiny fraction of the world’s rod-lifted and gas-lifted wells benefitted from autonomous optimization, the industry could save billions in OPEX every year.
The integrated solutions will empower the workforce to execute prescriptive guidance across engineering, operations and maintenance resulting in improved efficiency, safety and reliability.
Don Francis, Contributing Editor
The long game
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.