DSDE: In the Industry

The market may be different from what we have previously experienced, but the path to a successful digital transformation is durable and the core principles of success have not changed.

For oil and gas companies to remain in existence in the second half of the 21st century, they must find ways to dramatically reduce, if not eliminate, their output of carbon dioxide and other greenhouse gases. Artificial intelligence technology could provide one tool to help the energy industry accomplish that staggeringly difficult goal.

The infrastructure engineering software firm is expected to pay more than $1 billion to acquire geological and geophysical modeling software developer Seequent.

According to a World Economic Forum report, digital transformation in the oil and gas industry could unlock approximately $1.6 trillion of value for the industry, its customers, and wider society while creating around $1 trillion of value for oil and gas firms.

The deal fills a gap in the software developer's production line that is focused on drilling, production, and land management applications.

The country expects the digitalization project to promote Egypt’s exploration and production potential worldwide.

COVID-19 has significantly accelerated the adoption of digital technologies across all industries, and the oil and gas industry has been no exception. As such, interest in digital data acquisition, which is the backbone of all digital transformation work flows, also has increased significantly.

The customizable Internet of things service is designed for monitoring onshore and offshore remote assets.

Technology company Proserv Controls has formed an alliance with software engineering firm Intelligent Plant in an effort to combine their expertise to improve control systems and data analysis.

The agreement will see Akselos become one of the global energy company’s verified suppliers for structural integrity assessments, forming part of Shell’s newly formed Digital Twin Platform.