McDermott will digitize and standardize its processes, simplifying work processes into a single integrated, software-agnostic engineering platform. Image from McDermott. McDermott…
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…
GE and Maersk Drilling have entered into a partnership to collaborate on a data analytic-driven pilot project with the aim to increase Maersk’s drilling vessels’ productivity and significantly reduce maintenance costs by up to 20%. The…
Emerson Automation Solutions and IPRES (Integrated Petroleum Resource and Economic Service), a Norwegian provider of advanced software tools and services to the upstream oil and gas industry, have agreed to collaborate. Under the terms of the agreement…
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…
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…
Improved visibility and predictive maintenance can help keep operations running, says Rockwell Automation’s Luis Gamboa. Image from iStock. Minimizing downtime is a goal for every offshore oil and gas operation…
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…
With big data also comes big risks to security. DNV GL’s Nada Ahmed discusses how security standards can be raised within the oil and gas industry. New IT infrastructures and technologies…
If topsides asset integrity management is a bane, imagine looking after subsea assets. Elaine Maslin reports on the challenges associated with keeping up with both older equipment and newer, more complex equipment. A subsea field layout…
The lack of automation in the oil and gas industry is a puzzle to Brian Evans from Curtin University, Australia. Elaine Maslin learned how he hopes to redress the situation. Professor Brian Evans…
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…
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…
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