DSDE: In the Industry

The oil and gas industry uses a variety of complex systems and technologies that are becoming increasingly vulnerable to cyberattacks. Now, through the Cyber Resilience Pledge, more than 20 global CEOs have committed to work together to improve cyber resilience across the ecosystem.

When the name change was announced on 24 October, the accompanying release said the SLB name was designed to underscore “the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet.”

The company said it expects the software to enable greater standardization for its well and drilling teams in the well planning and well delivery process, improve communication and automation, and increase transparency of project-related risks and costs.

The service company said it plans to use DataRobot’s artificial intelligence capabilities in its production-optimization and well-construction digital platforms.

The data-management company has raised its investment in the technology company IWS by $7.9 million, with an agreement to invest an additional $25 million depending on the performance of IWS.

A recently signed memorandum of understanding is designed to let the two companies work together on digital transformation and decarbonization.

ProPetro will provide committed services for a 3-year period to an undisclosed Permian Basin operator.

Only 30% of oil and gas companies have successfully scaled digital manufacturing. In this video, McKinsey & Company presents a few digital transformation ideas that can help oil and gas CEOs achieve real impact on production key performance indicators.

A network of more than 1,600 offshore facilities produces a significant portion of US domestic oil and gas. The facilities, which rely on technology to remotely monitor and control equipment, face a growing risk of cyberattacks.

Baker Hughes has signed a memorandum of understanding with Petronas to deploy industrial digital capabilities through Petronas’ AI Center of Excellence in Malaysia.