Total has laid claim to having the oil and gas industry's largest super computer after boosting the computer power of its system up to 6.7 petaflops - or the equivalent to 80,000 laptops combined. The Pangea super computer's storage capacity has also been increased…
Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil and gas professionals (45%) already see solid or high potential for big data and analytics to transform the operating efficiency of the industry in 2016…
SeeByte and Tritech International have integrated SeeByte’s target tracking capabilities into Tritech’s Gemini 720is multibeam imaging sonar software. This agreement sees the integration of Tritech’s Gemini 720is sonar with SeeByte’s tracking analytics…
The hype around buzzwords like big data and data analytics has created both believers and skeptics. Wary players in the offshore industry have adopted a wait-and-see approach, hoping clear business solutions will solidify. In dealing with disruptive technology…
Henrique Paula, of ABS, explains how data analytics can be used to improve safety, environmental protection, operational efficiency, and profitability in emerging energy markets such as Mexico. One of the most promising and legitimate…
Diamond Offshore Drilling and GE Oil & Gas entered into the offshore drilling industry's first-of-its-kind contractual service agreement (CSA) that transfers full accountability for blowout preventer (BOP) performance to GE Oil & Gas. In this Pressure Control by the Hour model…
Verisk Analytics today announced the acquisition of Infield Systems, a leading independent provider of business intelligence, analysis, and research to the oil, gas, and associated marine industries. Infield Systems will become part of Wood Mackenzie…
A new report reveals that whilst the current environment is creating opportunities for innovation, almost half of oil and gas executives admit they have fallen short of their innovation goals. The number of respondents saying they have fallen…
US-based Verisk Analytics completed the US$2.8 billion (£1.85 billion) acquisition of UK-based Wood Mackenzie (WoodMac), the data analytics and commercial intelligence company for the energy, chemicals, metals and mining verticals. “We’re pleased to have completed the acquisition of WoodMac…
At the Offshore Technology Conference (OTC) in Houston, GE Marine is demonstrating its latest innovation in marine digital technologies with the launch of SeaStream Insight. The solution is powered by GE’s renowned Predix platform, currently saving millions of dollars for its customers…
An American data analytics and risk assessment firm based in Jersey City has bought Edinburgh, UK-based energy and mining industry analyst Wood Mackenzie. Verisk Analytics has agreed to buy the firm for US$2.8 billion from owners Hellman & Friedman and other Wood Mackenzie shareholders…
Privately held Helideck Analytics Ltd. has acquired the Helideck Certification Agency (HCA), which provides inspection and certification services for offshore helidecks. Alex Knight. Photo from HCA. HCA is based in Aberdeen…
Sonardyne Sentinel provides rapidly-deployable underwater security Maritime security company Sonardyne International Ltd. has successfully completed the installation of a Sentinel Intruder Detection System (IDS) onboard a drilling rig…
Real-time analytics hikes collaboration and boosts profits, writes Carol Huff. Just spin it the right way, and digital technology working with standardized infrastructure, sprinkled with new age seismic sensors, analytics and algorithms produces Big Data…
Tech talk. With the 44th Offshore Technology Conference in Houston just on the horizon, OE sought answers to the question, “What emerging technology will have a direct impact on the offshore market?” Our think tank had this to say: The…
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