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…
PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering processes across the well lifecycle, the US-based oilfield services company announced…
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…
Oil and gas industry partners have set out to develop a methodology for qualifying the integrity of digital twin technology – said to be the industry’s first.The methodology, which is being developed by TechnipFMC and DNV GL, aims to bring a…
Through artificial intelligence and machine learning, oil companies can monitor production stream quality in real time to optimize the value per barrel.“The industry is now recognizing the importance of product quality,” says Paul Oates, US business development director for Validere…
EcoStruxure is Schneider Electric’s IoT-enabled, plug-and-play, open, interoperable architecture and platform. Tony Brayford explains.
Marine seismic surveyor PGS announced it has selected Google as its preferred cloud provider.By harnessing Google’s cloud-based technologies and incorporating artificial intelligence and machine learning capabilities into workflows, PGS will increase flexibility…
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…
In an Industry first, the provider of classification services to the offshore industry ABS partnered with Keppel Offshore & Marine (Keppel O&M) in developing the first two new build Drilling Rigs with Smart Notations.One of the rigs, which was delivered earlier this year for work in offshore Mexico…
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…
Networking solutions provider RigNet said it has secures a multi-year agreement with Galoc Production Company (GPC) to deploy its machine learning-based analytics platform on board the floating production storage and offloading (FPSO) vessel Rubicon Intrepid…
Serica Energy has signed a deal to adopt the Restrata Platform – a piece of digital safety technology which provides real-time monitoring of people and assets – on its Bruce asset in the UK Northern North Sea.Restrata, a technology and services company focused on security…
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…
Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses, restructure some units and focus on returns…
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