Digital Transformation

Schlumberger announced that it has been selected by Wintershall Dea as its preferred partner on the acceleration of its Terra Nova subsurface transformation program.

The process of industry companies digitally connecting most everything is moving inexorably forward said executive participants in a Tuesday mid-morning panel discussion at the Schlumberger Digital Forum in Luzern, Switzerland.

Customers will make data-driven decisions faster, at scale, through fully integrated cloud-native solutions powered by Microsoft Energy Data Services.

Schlumberger and Aramco have announced plans to collaborate and develop a digital platform that will provide sustainability solutions for hard-to-abate industrial sectors.

Schlumberger’s Digital Forum 2022 is underway today with its first full day of speakers and presentations, following the theme is “Connecting for a New Future.” World Oil is present to bring you updates throughout the week.

Independent software vendors will build, market, and sell solutions and apps through Schlumberger digital platform, unlocking innovation for customers.

Schlumberger and Cognite, two leaders in technology innovation, announced a strategic partnership to integrate Schlumberger’s Enterprise Data Solution for subsurface with Cognite Data Fusion, Cognite’s open industrial DataOps platform.

As our industry transitions over the coming years toward fully decarbonized energy, we will be facing the imperative of answering the demand for conventional energy with new priorities on capital stewardship, increased productivity, and greater environmental sustainability. Investing billions of dollars in large new greenfield developments will become more and more difficult to justify. Operators will turn to their existing assets to connect additional resources and extract more oil and gas from them, with the priority on projects with low breakeven, low carbon, and short payback. Electrification of production systems will provide answers for this situation. But while operators fully understand the value of electrification for greenfield developments, its benefit for existing mature fields is less well known. This webcast will focus on the benefits of electrification for wells, subsea, and topside in brownfield applications. During this discussion, we will expand on the new capabilities enabled by electric systems that will help push existing frontiers. In addition, we will address some beliefs and myths and demonstrate that incremental investment costs for electrification of existing fields can return a large value while reducing the carbon footprint of our industry.

Among other things, Microsoft is making it possible for Exxon to analyze reams of oil field data. Amazon is helping drillers run simulations to maximize how much oil they can pump from existing wells.

In a move to enhance transparency and make Texas Railroad Commission documents more widely available to the public, the agency recently completed a project to place all historic oil and gas production records online.

The majority of companies across the U.S. oil and gas industry are at risk of a successful cyber breach according to BreachBits, a cyber risk rating and monitoring company that evaluates and tests organizations from a hacker’s perspective.

Nauticus Robotics, Inc. entered into an agreement with Shell plc to advance to the qualification phase for a more efficient means of acquiring subsea integrity data utilizing Nauticus’ Aquanaut and Hydronaut robotic platforms.

With global costs of corrosion estimated at $2.5 trillion, the project aims to significantly enhance detection and monitoring methods of microbiologically influenced corrosion.

CGG, a global technology and HPC company, announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s Subsurface digital strategy.

Oceaneering International announced its Subsea Robotics segment has been awarded a multi-year service contract supporting Petrobras projects off the coast of Brazil.

Baker Hughes has announced it is acquiring AccessESP, a provider of advanced technology for artificial lift solutions, to further transform core oil and gas operations by reducing costs and downtime for operators.

CGG announced today that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation’s (ION) software business.

CGG announced the creation of a new HPC & Cloud Solutions business, under the leadership of Agnès Boudot, who will report to the CEO and joined the company’s executive team on June 28, 2022.

Cost-efficient emissions reductions of up to 87% on offshore oil and gas platforms could be achieved using alternative power sources, according to the winners of a competition launched to accelerate electrification of oil and gas assets in the North Sea.  

Solstad Offshore, DeepOcean Group and Østensjø Group have joined forces to fast-track the adoption of remotely managed services to drive down operating costs and emissions for the marine and offshore industries.

Subsea Integration Alliance is a worldwide non-incorporated alliance between Subsea 7 and Schlumberger’s OneSubsea subsea technologies, production and processing systems business.