Digital News

 

Digitization as Life Extension

Nov 18, 2019

Operators are on digitization journeys linked to life extension projects that aim to make the most of older infrastructure. Proposed tiebacks at ConocoPhillips’ Tor II and on Aker BP’s Ivar Aasen projects look set to reveal a special benefit to “freeing data”…

Digital Technologies Driving Reserves Numbers Up

Nov 15, 2019

Operators have traditionally grown their resources and reserves through acquisition, exploration and producing more from an already-discovered field. Now, digital technologies are helping operators increase reserves.Wood Mackenzie research director…

Pemex Won't Pay Ransom After Cyberattack

Nov 13, 2019

Mexican national oil company Pemex will not pay a ransom demanded by suspected cyberattackers who targeted the firm's computer systems, Energy Minister Rocio Nahle told reporters on Wednesday.Nahle, who also serves as chair of the Pemex board…

Subsea Digital Alliance Launched

Nov 13, 2019

Showcasing Norwegian digital solutions, the Subsea Digital Alliance has been launched to bring smart cloud collaboration to the energy industry.As digital strategists in the oil and gas sector see the opportunity to leverage new projects to introduce new…

Injazat, Lamprell Partner on Digitization

Nov 12, 2019

Lamprell, a provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and energy sector, said it is partnering with digital solutions and services company Injazat  to create and market digital solutions focused on the oil and gas and renewables markets…

Weatherford Unveils ForeSite Flow

Nov 11, 2019

Oilfield services firm Weatherford has introduced ForeSite Flow, a flow-measurement solution driven by Production 4.0 intelligence.Unveiled this week at ADIPEC 2019, ForeSite Flow is a full-range, non-nuclear multiphase flowmeter paired with Weatherford ForeSite intelligence…

Edvard Grieg Data Shared in the Cloud

Nov 07, 2019

Edvard Grieg is the first platform on the Norwegian shelf where production data is shared with the partners via a cloud solution, operator Lundin Norway said.In September, the platform became the first on the Norwegian shelf where real-time…

Into a New Era of Organizational Memory

Oct 29, 2019

Jim Stuart, SVP Digital at Lloyd’s Register, outlines current and future challenges for asset owners and operators in the energy and marine industries across Asia-Pacific (APAC) and how technology will change the way knowledge is captured, stored and used across organizations for the better…

Wood Wins Commissioning Work from Apache

Oct 25, 2019

Services firm Wood said it has been awarded a contract with Apache to provide commissioning services to the Beryl Alpha, Beryl Bravo, and Forties Alpha, Bravo, Charlie and Delta platforms located in the UK North Sea.Apache will leverage Wood’s…

Predictive Maintenance

Oct 25, 2019

Asset managers leveraging advanced sensor technologies, vast pools of stored and processed data, and real-time analytics are able to foresee—and prevent—costly component failures.A recent report from Lloyd’s Register points out that predictive…

Advanced Tools Tap Digital Knowledge

Oct 23, 2019

Innovative search techniques optimize digital information access for decision-makingSenior management makes strategic decisions based on reliable information that is assembled by support staff. In the aftermath of the big crew change, the makeup…

Doubling Down on Digital

Oct 23, 2019

Companies successful in reducing their capex and opex costs in the real world often do so by taking advantage of the digital world.There’s a reason terms like big data, digitalization, artificial intelligence (AI), machine learning and the digital…

Production 4.0

Oct 08, 2019

As the oil and gas industry increasingly automates functions, one service company has focused on changing the focus from dumb iron to the cloud.Weatherford’s vision is to take its range of production tools and technologies to the next level by bringing them together with the basics of Industry 4…

Subsea 7 Acquires 4Subsea

Oct 03, 2019

Services company Subsea 7 announced it has acquired 4Subsea, a provider of technology and services that delivers decision support to oil and gas and offshore wind operators.4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team…

LR Report Identifies Data Gaps

Oct 03, 2019

Despite the age of big data, 71% of organizations still rely on a single data source to analyze asset performance and risk management – instead of drawing information from multiple sources for a more comprehensive view, reveals a report released by Lloyd’s Register…

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