Shell Ventures and Idékapital have invested $90 million in Kongsberg Digital, a business area within Norway's KONGSBERG.The funding and new investors will support and accelerate the future growth and development of Kongsberg Digital. The investment…
Kongsberg Digital said Tuesday it had 'significantly' increased its investment in FutureOn, a Norwegian software company that provides cloud-based digital transformation tools for the offshore energy industry.'The value propositions of FutureOn and Kongsberg Digital are highly complementary…
Kongsberg Digital said Monday it had entered a five-year deal with Shell to digitalize its global assets using Kongsberg Digital's digital twin technology.The Norwegian company said the contract was an amendment to the framework agreement signed in 2020…
Malaysian FPSO provider Yinson has partnered up with industrial software firm AVEVA to enable Yinson to develop 'fully autonomous and sustainable' Floating Production Storage and Offloading (FPSO) solutions.'AVEVA’s software, in combination with [Yinson's] FPSO expertise and extensive data sets…
Kongsberg Digital has entered into a strategic agreement with the integrated energy company Chevron Technical Center, a division of the U.S. oil major Chevron, to digitize its global assets using Kongsberg Digital's digital twin technology. The agreement includes a multi-year commitment…
Kongsberg Digital has launched its Industrial Work Surface, which aims to 'fundamentally change how carbon-intensive industries operate by enabling the company’s software users to work within a single digital environment.''By providing end-to-end user workflows…
Brazil-based Radix Software and Engineering said Monday it had created a virtual FPSO training environment for a major operator with the goal of reducing risk in the asset commissioning phase by training operators in process optimization and validation of operational manuals…
Oil and gas company Neptune Energy is developing new “digital twins” of two platforms in the Dutch North Sea, which the company says will speed up work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore…
Oil and gas is achieving next-generation results in design, operation and forecasting by integrating digitalization both within companies and across industry.True, cutting-edge digital transformation of the oil and gas industry requires widespread integration of the technology and regular…
Fugro has won a two-year contract with India's marine service firm OCS Services to support its asset integrity and corrosion management operations off the west coast of India.Fugro said Tuesday it would help OCS deliver on ONGC’s Protective Coating of Process Platform Project 1 (PCPP1)…
Oilfield services giant Schlumberger and industrial software provider AVEVA have agreed to integrate edge, AI, and cloud digital solutions to help oil companies optimize oil and gas production. The companies said they'd collaborate together to streamline how energy operators acquire…
Oilfield services firm Petrofac said Monday it has with the help of digitalization, and in cooperation with James Fisher Asset Information Services (JF AIS), managed to eliminate the need for offshore surveys ahead of modification scopes, reducing time and cost…
Offshore vessel owner Olympic Subsea has decided to install Kongsberg Digital's Vessel Insight solution across its entire fleet as a means of accessing, collecting, and consolidating a full range of mission-critical data.Olympic Subsea’s fleet…
FutureOn, a software company focused on the energy sector, has said it has designed a tool 'for the next-generation energy engineer that will impact project economics across the full lifecycle.'According to the company, the software called FieldTwin Design 6…
Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for the Malaysian oil and gas giant Petronas, to speed up the oil firm's field development planning.According to Schlumberger…
