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…
Vissim said it has reached a global frame agreement with Norwegian energy giant Equinor to deploy its solution for surveillance of the ocean space surrounding all Equinor- and several third-party-operated assets on the U.K. and Norwegian Continental Shelves…
A recent grant award from the Oil & Gas Innovation Center (OGIC) in the U.K. aims to spur the development of automated data analysis technology for on- and offshore oilfields.Chemical monitoring and management solutions specialist LUX Assure…
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…
Norwegian ocean-bottom seismic specialist Magseis entered into a $233 million deal to acquire the Seismic Technologies business from Fairfield Geotechnologies.'Magseis will acquire the Seismic Technologies business from Fairfield comprising data acquisition…
The Oil & Gas Innovation Center (OGIC) is supporting three new research projects centered on how digitalization can improve efficiency and provide cost savings to the oil and gas industry.Three companies have teamed up with Robert Gordon University’s…
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…
Aker Solutions (stand 5C100) is launching its MultiBooster, a new, up to 6MW subsea multiphase pump to help operators maximize production from existing oil and gas fields, at SPE Offshore Europe this week. Aker Solutions says the now qualified…
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…
General Electric’s (GE) investment arm GE Ventures on Tuesday announced the startup of Avitas Systems, which will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas…
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…
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…
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