Digital Twin

Article
November 2020
The industry must adapt to address new and unforeseen challenges in market demand, staffing and worker health and safety. Digital transformation is a requirement to keep businesses alive while ensuring the most efficient and sustainable use of resources.
Article
November 2020
An extremely challenging economic environment is driving digital transformation across the oil and gas industries—but it doesn’t need to happen all at once. Companies can realize major top-line and bottom-line improvements, by thinking big but starting small and scaling up, using digital twins.
Article
November 2020
Operators require proof that digital twins can be trusted and will deliver value over time. Two companies have partnered to develop a methodology for qualifying the quality and integrity of the technology.
Article
August 2020
As remote inspection gains momentum in the current climate, digital twinning is gaining greater acceptance as a trusted method to reduce operating costs. New data show the benefits that digital twinning can bring to decommissioning.
Article
November 2019
Digital transformation holds the key to addressing global energy challenges
Article
November 2019
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.
Article
August 2019
The predictive capabilities of a life-cycle condition-based maintenance and monitoring program benefits drilling contractors and operators by lowering overall costs, reducing risks and enabling greater efficiency managing assets.
News
November 26, 2018
Gazprom Neft’s board of directors has reviewed information on further improving the efficiency of the oil business’s operational processes through the use of innovative digital technologies.
News
September 06, 2018
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.
News
August 27, 2018
Kongsberg Digital launches their new digital twin at ONS 2018 in Stavanger, Norway, after a successful feasibility study with Equinor.
News
May 31, 2018
eDrilling, a leading provider of drilling and well performance solutions, has announced the results of a study researching the value of using digital twins in well construction and drilling operations.
News
February 22, 2018
Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.
News
January 29, 2018
Lorenzo Simonelli, Chairman and CEO of BHGE, opened up the 2018 BHGE Annual Meeting (BHGE AM) in Florence, Italy, on Jan. 29 with a talk welcoming attendees. The 19th Annual Meeting is a record year for attendance, according to the CEO.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.