Digital Transformation

Offshore operators across the globe continue to push ahead with their Energy Transition strategies, seeking new, innovative ways to improve sustainability while simultaneously reducing costs and increasing efficiency. At Siemens Energy, we are seeing first-hand a willingness from customers to embrace new technologies and rethink traditional ways of working on a truly unprecedented scale.

ConocoPhillips Chairman and CEO Ryan Lance says his challenge in running a premier upstream operator is to keep producing oil and gas efficiently, generate good dividends to shareholders, harness the digital transformation’s benefits and achieve ESG goals—all simultaneously

Connected, intelligent solutions transform E&P workflows — delivering improved efficiency, consistency and performance with reduced footprint.

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.

TechnipFMC’s iComplete™ CyberFrac™ system is a fully digital and automated platform for controlling equipment operations during hydraulic fracturing through app-based configurability. In this webcast, John Eden will explain how this system enables well site managers and their teams to follow approved procedures and establish sitewide operational awareness through the Digital Handshake™ while reducing manual errors. John will also be joined by Tara West and Kelly McFadgen from Marathon Oil Corporation to offer customer testimonial to how CyberFrac has provided versatility and flexibility to their frac pads and the improvement they have seen firsthand after implementing the system within their Bakken asset.

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.

Integration of edge computers with real-time process control data is important for users who want to implement analysis and advanced data processing in the field. Traditionally, edge computers are a separate device that must be integrated with controllers and flow computers. Custom applications can be run on the edge computer that will allow for highly advanced real-time analysis of the field measurements, however building an edge environment and integrating data can be a non-trivial task. Similarly, selecting the right edge platform requires deep knowledge of security, application, and communication requirements. Sensia provides a new perspective for those wanting to implement edge computing with their real time control systems. We will discuss and show examples of what a highly integrated edge and control environment can look like and how it creates new options for how you manage and plan your automation projects.

During this 60-minutes workshop, we will discuss the following topics: 1) "Sustainability in Oilfield Electrification: Applying the Envision® Framework", presented by Sara Tomashitis, Project Manager and James Yung, Project Manager from Burns & McDonnell. 2) "Electric Oilfield Standards", presented by Jared Oehring, Founder and President and Richard Hoffman, Chief Risk Officer from Oehring Advisors LLC.

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.