General Electric Co. (GE) Chairman and CEO Jeff Immelt – who transformed the company into a digital industrial portfolio aligned to oil and gas and other key markets – will step down as CEO and retire from the company at year-end 2017. Immelt…
BP’s corporate investing arm BP Ventures has awarded US$20 million in Series B funding to artificial intelligence (AI) and cognitive computing firm Beyond Limits to adapt and deliver industrial-grade AI software, used in deep space exploration…
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…
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…
GE Water & Process Technologies’ new service offering, OnBoard, is a customizable, total integrated water treatment solution and service plan for offshore oil and gas producers. OnBoard incorporates digital technologies, remote monitoring and diagnostic software…
BP and GE Oil & Gas announced the start-up of Plant Operations Advisor (POA), a new digital solution designed to improve the efficiency, reliability and safety of BP’s oil and gas production operations. POA is already helping BP manage the…
GE and Baker Hughes are teaming up to form the “new” Baker Hughes, a company that will be led by current GE Oil & Gas CEO Lorenzo Simonelli and have dual headquarters in Houston and London. Image of Simonelli…
'Embracing New Realities: Reinventing our Industry' has been announced as the central theme for SPE Offshore Europe 2017, set to take place in Aberdeen from 5-8 September 2017. Conference chair Catherine MacGregor, president, Reservoir Characterization Group…
Gazprom Neft has signed a memorandum of cooperation with IBM at this year’s St Petersburg International Economic Forum covering the use of information technologies in exploration and production (E&P). The agreement outlines the key areas of technical collaboration…
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…
XACT Downhole Telemetry deployed six deepwater Gulf of Mexico (GoM) deployments that provided real-time downhole data during a deepwater completion installation with BP. BP successfully accessed real-time downhole data throughout the well’s completion…
Efficiency gains could be made through better use of digital technologies, but the industry is still shy on the uptake. Nada Ahmed, senior consultant, DNV GL - Oil & Gas, looks at the opportunities and risks. Images from DNV GL…
GE Oil & Gas and SBM Offshore have agreed to what they are calling the first ever global maintenance agreement for an entire fleet of floating production, storage and offloading (FPSO) vessels. Under the agreement, GE Oil & Gas will provide spare parts…
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…
Schlumberger’s new Petrel E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been completed for staff at the company’s business unit in Aberdeen, Scotland…
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