Digital oilfield

The Oil and Gas ATC highlights the value the Internet of Things can bring in the upstream, downstream and midstream oil and gas space.

These offerings strengthen the DecisionSpace Production portfolio by adding analytical dashboards and production engineering capabilities.

Expands portfolio to cover more of the energy value chain than any other oil and gas software provider.  

Cyber security breaches in the Middle East are widespread and frequently undetected, with 30% of attacks targeting operational technology (OT), finds a new study by Siemens and Ponemon Institute.

Downtime caused by critical system failures continues to be a key challenge for the oil and gas industry, estimated to cost the UKCS more than US$1 billion a year in lost production.

CGG GeoSoftware has donated its Jason and HampsonRussell seismic reservoir characterization software suites to Delft University of Technology (TU Delft) in the Netherlands.

Compared to 2016, the company’s North Sea business grew an unprecedented 60% – far exceeding the regional target for the period.

AGR, the well design and drilling project management firm, has agreed to host its iQx software on the platform, which contains information that is vital to companies selecting locations of wells.

As a result, P1™ and CT™ will play a key role in screening, analytics, planning and tracking of performance in Sasol well operations as well as tracking of operational costs.

The digital twin models will be connected to the Mad Dog 2 facility-integrated control and safety systems to create a realistic simulation environment.

An integrated operations support centre and a drilling operations centre will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than US$2 billion from 2020 to 2025 before tax.

This end-to-end offering unlocks the power of two industry leaders to deliver improved profitability and operational excellence to maximise return on capital.

Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.

The international energy consultancy provider has more than doubled its workforce in Aberdeen, UK and Houston, Texas thanks to contract wins and software developments in the past year.

Aker Solutions agreed on a long-term collaboration with software company Cognite to accelerate the development of digital solutions that will drive major efficiencies through the entire life of an energy asset.