The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Equinor and Royal Dutch Shell, has awarded a contract to Data Gumbo to pilot blockchain technology for water handling services.
Adam Weinstein, Validere, argues that the contamination of oil in the Druzhba pipeline earlier this year hints at an industry wide problem, and suggests that the answer lies in the Industrial Internet of Things and artificial intelligence.
The partnership involves Eigen building process system monitoring, equipment performance monitoring and condition monitoring displays for Chrysaor’s critical mechanical and process equipment.
The Drilling Portal combines remote monitoring of information from multiple different systems to provide a quick and intuitive overview of all drilling operations.
Among the cloud applications released are Scalable Earth Modeling, Full-Scale Asset Simulation, Data Foundation and Real-Time Control – Edge.
The XWI algorithm, which enables data-driven earth model building, helped Tullow Oil to strike oil at the Jethro-1 well earlier this month.
Schlumberger has announced an enterprise-wide deployment of the DELFI cognitive exploration and production environment through a 7 year technology collaboration with Woodside Energy.
Dmitrii Krikunov, Zyfra, discusses how the integration of machine learning technology into oil production is ushering in the ‘smart oilfield’.