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Industrial blockchain network Data Gumbo has facilitated real-time tracking of lease operating expenses for oil and gas operators by using validated field-operating data to trigger automated payments based on agreed terms. The agreement will use IBM’s hybrid-cloud technology and Red Hat’s OpenShift platform to expand access to Schlumberger’s Delfi exploration and production software suite. Advanced machine-learning methods combined with aspects of game theory are helping operators understand the drivers of water production and improve forecasting and economics in unconventional basins. The Norwegian company completed what it describes as the world’s first logistics operation with a drone to an offshore installation. Using 3D and artificial intelligence technologies, a digital map of all three bridge-linked jackets was captured, enabling Neptune to detect asset-integrity issues early and plan fabric maintenance work on Cygnus. In this 30-minute interview, Angela Dang Atkinson, a data scientist with Cognite, talks about what skills beyond technology new petroleum engineers need and what challenges they will face in the digital oil field. The Oil and Gas Technology Centre’s first virtual hackathon—Code[Less]—will take place 21–24 September, with 75 participants teaming up to solve challenges, without using coding, to raise awareness of the demand for automation and innovation in the energy sector.
The tech giant and supermajor have been working on cloud solutions already, but in a new agreement, they will combine their talents to create new technologies for oil and gas as well as energy consumers. A new open innovation studio aims to use crowdsourcing to redefine the future of oil and gas exploration. To provide condition monitoring and combat fouling, the robot clings and moves along the hull walls. It is controlled via a 4G connection to clean and inspect the walls in line with individual vessel schedules developed through a proprietary algorithm and big data. The maritime technology company successfully completed a remote deadweight audit for a semisubmersible oil and gas drilling rig.
The dynamic nature of unconventional-reservoir developments calls for the availability of fast and reliable history-matching methods for simulation models. In this paper, the authors apply an assisted-history-matching approach to a pair of wells in the Wolfcamp formation. Decline-curve analysis is one of the more widely used forms of data analysis that evaluates well behavior and forecasts production and reserves. This paper presents technologies that apply DCA methods to wells in an unbiased, systematic, intelligent, and automated fashion. Companies that fail to understand the differences between data privacy and data security put their brands and bottom lines in jeopardy.
To provide condition monitoring and combat fouling, the robot clings and moves along the hull walls. It is controlled via a 4G connection to clean and inspect the walls in line with individual vessel schedules developed through a proprietary algorithm and big data. The software solution aims to improve operational efficiency and production from subsurface to processing facilities in four offshore fields. IOGP JIP33 plans to publish more than 30 specifications by the end of the year. Armada to install ROV launch and recovery system on its fleet of robotic ships.
Machine learning enables fast, cost-effective, and accurate methane emissions detection in remote areas. A recent test proved the feasibility of using LiDAR on remote-controlled drones to create 3D maps of the inside of tanks, increasing the safety and efficiency of inspections. Despite streams of data being available on platforms about the condition of topside and drilling equipment, most experts agree that only a small fraction of such data is used. Whether for a fleet or single platform, AI can transform an offshore enterprise. An AI-based application enabled operators to preempt ESP failures while optimizing production.
Unlike shale, deepwater plays—which are highly front-loaded investments with long project cycles—will be least affected by the current round of severe investment reductions. Large offshore plays in safer regions have become essential elements of the core business of large oil and gas players. In 2004, US oil production was in decline, Facebook did not exist, and attitudes toward climate change were in flux. Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key. Now more than ever, safely managing the role of digitalization and the demand for decarbonization while efficiently balancing the books will be critical for companies to survive and thrive.
Greg Leveille said he is optimistic that the shale sector will be able to bounce back from its second downturn in 5 years. The trick this time, he says, will be not just investing in new digital technologies but putting them to work. Alan Nelson is not only the new chief technology officer at ADNOC, he is the company’s first person to hold the title at the integrated oil company. For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. Producers and investors continue to reward small companies with big solutions that lean on new software and hardware to lift the bottom line of one the world’s few trillion-dollar industries.
The digital transformation is a risky proposition for oil and gas companies adapting to a rapidly changing business environment, but a failure to adapt could spell trouble for the industry. IoT has become a popular phrase in various industries. For upstream oil and gas operators, an IoT infrastructure may present an opportunity improve quality control on their projects, potentially reducing costs and increasing production.
The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment. The Mozambique LNG project expects to achieve financial close in Q3. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. Goal is to reduce plant emissions profile and boost sustainability in production.
The industry worldwide has been swayed by the digitization wave. Competing narratives make it difficult to evaluate the “big crew change.” Has the worst of it already passed, leaving the industry relatively unscathed? Graduation marks the end of a period marked by books, projects, exams, and grades and the beginning of a promising and adventurous professional journey. The dream job materializes only for a few, yet many face struggles.