DSDE: In the Industry

Emerson has launched cloud-native software designed to find opportunities for field development through data mining and automation. The software, called SpeedWise Reservoir Opportunity, was developed in collaboration with Quantum Reservoir Impact.

Financial analytics company S&P Global and information provider IHS Markit announced they have agreed to merge in an all-stock deal that values IHS Markit at $44 billion.

The AI partnership combines Wood’s optimization platforms with Cognite’s Data Fusion product to develop solutions for the energy transition and free up data from fragmented and legacy systems.

The Abu Dhabi National Oil Company announced that it has completed the first phase of its large-scale multiyear predictive maintenance project, which aims to maximize asset efficiency and integrity across its upstream and downstream operations.

The Azeri Central East platform is the first of its kind to be designed through all phases, from concept to front-end engineering design and detailed design, to fully use KBR’s digital twin technology.

The expanded additive manufacturing services widen the companies’ targeted industries to include oil and gas, renewables, maritime, and aerospace.

The agreement signed by Schlumberger, AIQ, and Group 42 is designed to develop and commercialize artificial intelligence for global exploration and production.

The data have been collected and analyzed from more than 18,000 equipment units with failure and maintenance records and includes information on subsea fields with more than 2,000 years of operating experience.

The coronavirus crisis had a devastating effect on oil-company revenues, but it has posed a tough human-resources problem too: how to keep workers safe on cramped rigs at sea where social-distancing is impossible. Many operators have found an answer in technology—specifically, digital twins.

Shell has selected Bentley Systems, a provider of software and digital twin cloud services, to help streamline its capital projects and decrease time to first oil.