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…
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…
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…
An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy, which provides project and risk management applications and consultancy…
Following a few years of low oil prices and a drop in rig utilization rates, drillers remain focused on ways to improve operational efficiency and safety.Many of the improvements to rigs are evolutionary, such as automation, remote control and sensing…
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…
German software provider Hanseaticsoft said Copenhagen-based Maersk Supply Service has opted to implement its Cloud Fleet Manager ship management system for vessels and shore-bases to manage crews and handle all crew-related tasks.Kevin Bro Beier…
Oilfield services company Schlumberger said it has formed a partnership with supermajor Chevron and technology giant Microsoft to accelerate creation of innovative petrotechnical and digital technologies. The firms say they will work together…
Under a new agreement, subsea products and services firm Forum Energy Technologies will provide global sales, distribution and support of Olis Robotics' remotely operated underwater vehicle (ROV) controllers for the offshore energy market, the mobile and remote robotics software company said…
The offshore industry is going through an unprecedented digital disruption that transcends asset classes and is creating a roadmap to safer and more cost-effective operations.The current face of that transition is the ‘digital twin’, a virtual replica of physical assets…
TGS said it has purchased all outstanding shares and completed the acquisition of Lasser, Inc., a Fort Worth-based company which provides historical and monthly oil and gas production data.Lasser owns, maintains and licenses a nationwide U.S…
Researchers aiming to help operators maximize recovery are using artificial intelligence (AI) to unlock a vast amount of rw data collected by the oil and gas industry. The Intelligent Data Quality Improver (IDQI) project, an initiative involving…
The success of a drilling operation hinges upon finding the right solutions for a specific site. As fluids have different base liquids, chemical additives and diverse physical characteristics, they can behave differently in varying environments…
Engineering and industrial software company AVEVA announced that Worley has selected AVEVA’s Enterprise Resource Management solution as its preferred materials management platform. The partnership combines Worley’s engineering, procurement…
Oilfield services company Schlumberger said it will open source its data ecosystem and contribute to The Open Group Open Subsurface Data Universe (OSDU) Forum to accelerate the delivery of the OSDU Data Platform.The OSDU Forum is an international forum of oil and gas operators…