Irish-domiciled multinational oilfield services company Weatherford said it has made a major enhancement to its ForeSite production optimization platform, which combines physics-based models with advanced data analytics to improve performance across wells…
Global oil and gas executives are preparing to accelerate their investment in digital technologies, primarily as they seek to double down on their cost-saving ambitions.An EY survey of 100 global oil and gas executives found that 89 percent…
Acteon Group Ltd has acquired subsea corrosion specialist Deepwater Corrosion Services Inc. in a move to strengthen the group's ability to help customers manage the integrity of subsea infrastructure throughout the life of a field.Deepwater has designed…
ABS awarded GE Service Provider recognition for GE’s Marine Solutions’ SeaStream Insight—a data analytics-informed solution that provides health and performance monitoring of rig equipment via a digital twin—enabling condition-based maintenance on ABS classed rigs…
Houston-based marine seismic node firm FairfieldNodal has finalized its acquisition of UK-based marine geophysical services firm WGP Group from Thalassa Holdings. The acquisition will have an effective date of 31 December 2017. FairfieldNodal…
Aberdeen's Oil & Gas Technology Centre (OGTC) has launched two calls for ideas relating to digital and decommissioning, with £2 million available to successful applicants. The OGTC says that machine learning techniques could help extend the life of oil and gas fields…
Chevron has agreed a seven-year partnership with Microsoft which will see the internet giant become the oil major's primary cloud provider. Chevron says the move will 'accelerate the application of advanced technologies including analytics…
AFGlobal has acquired the Axon pressure pump technology and product line from Amkin Technologies, a privately-held oilfield equipment and technology developer. The acquisition of the Axon pump technologies and ability for AFGlobal to…
Weatherford International and Intel Corp. will collaborate to bring the Internet of Things (IoT) technologies to the oil field. Colin Tait, director of information technology at Weatherford, stood alongside Jonathan Ballon, vice president…
Aberdeen-based visual asset and data management (VAM) specialist Return To Scene, part of James Fisher and Sons, has completed and delivered its first project for BP Trinidad and Tobago (BPTT). The digital survey of BP’s normally unmanned installation (NUI) Mango…
FairfieldNodal says it is in advanced discussions with Thalassa Holdings to acquire WGP Group Ltd., a premier provider of marine geophysical services headquartered in the UK. FairfieldNodal says it is on a path to seek opportunities to strengthen and expand its technology portfolio…
DNV GL – Oil & Gas and Lundin Norway have teamed up to develop the first step to a solution for predicting unplanned shutdown using the Edvard Greig production platform in the North Sea. Surveyors in a FPSO control room…
NOV has signed a 10-year service and support agreement with Transocean, the oilfield services equipment provider announced today (28 July) in its Q2 2017 results. NOV said the agreement will maximize uptime and reduce total cost of ownership…
Elaine Maslin and Audrey Leon look at how digitalization stands to make a big splash in the offshore industry. Embracing a digital vision. Image from DNV GL. Often when digitalization is mentioned…
Matt Jones and Jim Sokolowski, of Tessella, show how data analytics can give insight into corrosion rates to reduce risk and maintenance costs. Riser and slip joint on a semisubmersible oil rig…
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