Big Data

News
September 21, 2020
World Oil has finished compiling the 2020 mid-year forecast update for drilling and production and, if projections hold true, the number of oil wells drilled in the U.S. annually will reach lows not seen since the 1930s, or even further back.
News
August 28, 2020
World Oil editors discuss how recent land drilling activity, and the oil price's resilience to external factors suggest that pieces may be coming into place to support the start of a U.S. shale recovery.
Article
August 2020
Successful development of technology today will ensure that the E&P industry continues to be a source of reliable energy supplies, and also a driver of innovation, spearheading advances in the fourth industrial revolution.
News
June 04, 2020
Various government data sets including stockpiles, production, imports and exports are signaling that current official figures on at least some supplies are excessive. While it’s unclear where exactly the discrepancy lies, the difference could signal a more bullish outlook for crude prices.
Article
May 2020
The integration of smart tracers and intelligent diagnostics delivers affordable stage-level flow profiles to maximize production rates and EUR
Article
April 2020
Augmented and virtual reality systems reduce rig time usage and mitigate uncertainties, while improving accuracy of rig surveys for offshore solids control and fluid management installations.
Article
March 2020
Why you can’t afford not to use blockchain in commodity transportation
News
March 02, 2020
The pressure to get China back to work after the coronavirus shutdown is resurrecting an old temptation: doctoring data so it shows senior officials what they want to see.
News
January 14, 2020
Emerson has introduced The Plantweb Insight Inline Corrosion application to provide the oil and gas industry real-time interpretation and analysis of critical data that helps prioritize maintenance and make informed integrity decisions.
News
September 27, 2019
Schlumberger and TIBCO will leverage both organizations’ ongoing investments in digital innovation by working together on the joint development of descriptive and advanced analytics to deliver powerful new insights into an ever-expanding volume of E&P data.
News
August 02, 2019
Diamond Offshore Drilling announced the launch of its Stack-View service, applying 24/7 real-time monitoring, data visualization, and advanced analytics to identify trends and detect anomalies in BOP performance across its rig fleet.
Article
July 2019
We all acknowledge the increasingly important role that data will play in the oil and gas industry moving forward, but overuse of the term “Big Data” has made it tempting to think of it as more of a buzzword than an industry-changing phenomenon.
News
May 09, 2019
Designed to dramatically cut the time and effort required to find information, DNV GL’s Veracity Deep Search distills vast amounts of data at speed.
News
April 22, 2019
A new, web-based interactive tool for ocean mapping and planning created by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) and the Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) will give everyone from ocean industries to coastal managers, students, as well as the general public, the opportunity to be an ocean explorer right from their own computer.
News
January 29, 2019
The Baker Hughes, a GE company annual meeting is a two-day conference filled with industry leaders who share best practices, best-in-class products and services, and an unforgettable opera performance in the Teatro del Maggio Musicale Fiorentino.
News
November 26, 2018
Gazprom Neft’s board of directors has reviewed information on further improving the efficiency of the oil business’s operational processes through the use of innovative digital technologies.
News
September 14, 2018
The Oil & Gas Innovation Centre (OGIC) is supporting three new research projects centred on how digitalization can improve efficiency and provide cost savings to the oil and gas industry.
News
September 06, 2018
Although oil prices have recovered to above $60/bbl recently, Oil and Gas producers continue to be highly focused on reducing their operations costs to reduce their break-even prices in order to stay ahead of the curve; companies must continue to make investments in improving operational efficiencies to sustain and improve their profitability in the highly volatile business environment.
News
September 06, 2018
In the past few years, low oil prices had sanctioned almost every large energy projects in the oil and gas industry. Today, with the recent recovery of oil prices, most companies are starting to see light at the end of the tunnel and preparing to ramp up their investments to either maintain or grow output. Yet, despite the increasing investment in projects, EPC companies are facing tougher contracting and more intense global competition.
News
September 06, 2018
The concept of Digital Twin is not new and it has been around for more than a decade. A digital twin is a complete 360-degree digital replica of a physical asset such as a pump, compressor or entire plant that enables analysis of data and monitoring of systems to catch problems before failures occur, preventing downtime and developing new opportunities for business improvement. Only in recent years, the improved technology and greater clarity on the use cases have accelerated the technology adoption.
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