Upstream has fallen behind its “poor cousin” downstream in terms of performance, according to Simon Flowers, Chairman, Energy and Chief Analyst, Wood Mackenzie. “Over the last six years (2010-2016), upstream has had shocking performance…
The Industry Technology Facilitator (ITF) and Akselos have announced they will work together to investigate the potential to revolutionise asset management in the oil and gas industry. The initiative will bring a joint industry project (JIP) to ITF member companies and beyond…
The oil and gas industry has the data and the drive to pursue digital technology, but lacks a coherent strategy to fully digitalize its operations. Karen Boman reports from Halliburton's Landmark Innovation Forum and Expo (LIFE) in Houston…
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…
Karen Boman speaks with Prasantha Jayakody of Bsquare about the benefits of condition-based maintenance and the challenges of implementation in the oil and gas industry. Graphic from Bsquare. Reducing…
GE Marine and Maersk Drilling are extending the scope of their digital partnership, following the success of their SeaStream Insight pilot project that was launched in November 2016. The collaboration brings the next big step in innovative…
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…
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…
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…
Image from Weatherford. Weatherford International has commercially released the ForeSite production optimization platform at the Weatherford Enterprise Software Conference. The ForeSite…
Operators have their sights set on digital, but it’s no walk in the park, from unravelling current operating systems to accessing the computing power needed. Elaine Maslin reports. Greg Hickey…
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…
GE and Noble Corp. have entered a partnership to collaborate on the Digital Rig(SM) solution, enabling data-driven operational efficiency by using data analytics, with the target of a 20% reduction in operational expenditure across the rigs…
Subscribe
