Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Digitalization will help improve the safety, security and efficiency of Statoil operations…
Data analytics provider Verisk Analytics has acquired MAKE, an research and advisory business specializing in wind power. MAKE will become part of Wood Mackenzie, a Verisk Analytics business focused on providing research and advisory services to the natural resources sector…
2H Offshore is seeking additional participants for its recently launched STREAM (Steel Riser Enhanced Analytics using Measurements) joint industry project (JIP). So far, four major oil and gas operators have agreed to participate in the JIP…
KBR and IBM have agreed to collaborate on the development of digital products and services to help oil and gas firms reduce costs and increase profit, reliability and safety. KBR says petroleum organizations require new levels of innovation…
Image from Weatherford. Weatherford International has commercially released the ForeSite production optimization platform at the Weatherford Enterprise Software Conference. The ForeSite…
Himanshu Maheshwari and Bulent Mercan, of 2H Offshore, discuss how a well-designed integrity monitoring program provides data for riser digital operations. Fig 1: Large gap between predictive analysis and reality…
Greg Myers, of GE Oil & Gas, explains how the digital transformation of offshore assets enables a competitive advantage by reducing excessive inspection and maintenance costs and increasing uptime with real-time operational data. Fig…
eDrilling, a provider of drilling and well performance solutions, and Mims Well, an integrated solution and service provider, have partnered to support the upstream oil and gas companies in Norway and the US. The partner initiative is designed…
Stabilizing oil prices have prompted producers to return to both shale and offshore projects, but the industry still needs to cut costs. A new workforce program offered by the University of Houston (UH) focuses on helping oil and gas…
Talk of an IT and OT convergence has been increasing, including in the oil and gas business. Elaine Maslin reports. 'The first thing people need to realize is there’s an ugly job to do and [they need to] roll up sleeves,” says Duncan Irving…
Well integrity and reliability software supplier ExproSoft has acquired Miriam, a supplier of RAM analysis software. Image of Odd Are Svensen (CEO, ExproSoft) and Christophe Spaggiari (CTO, Miriam)…
Wood Group has established a new data analytics centre of excellence at its office in Galway, Ireland. The centre, which is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland, broadens Wood Group’s capabilities in advanced data analytics to support the oil & gas…
Verisk Analytics, Inc. entered a deal to acquire the data and subscriptions business of Quest Offshore Resources, which supplies market intelligence to the offshore oil and gas sector. The data and subscriptions business will become part of Wood Mackenzie…
National Oilwell Varco (NOV) introduced an advancement in radio frequency identification (RFID) technology and asset management software for the oil and gas industry. NOV’s latest generation RFID tag, TracTagTM, has been field-proven…
Wood Group is collaborating with the Centre for Applied Data Analytics (CeADAR), located at University College Dublin (UCD), to launch a new data analytics capability. Wood Group Kenny (WGK) will work with CeADAR to develop predictive…
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