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The oil and gas industry has a new Spindletop, and it’s nowhere near being capped. In this data boom, the industry is up to its neck in petabytes of data, generating thousands of terabytes per day, with the volumes doubling every 12–18 months, and using less than 5% of it for decision making.

The maritime technology company successfully completed a remote deadweight audit for a semisubmersible oil and gas drilling rig. Believed to be the first of its kind, the remote survey was developed in response to travel and social-distancing restrictions imposed during the COVID-19 pandemic.

Analytics is a key untapped transformational lever that will drive a meaningful impact in the short-term and a core competitive advantage for companies in the long term.

The engineering simulation firm announced the successful deployment of a complete structural digital twin for Shell’s Bonga floating production, storage, and offloading vessel 120 km southwest of the Niger Delta in Nigeria.

The metocean and tidal conditions led to the development of the jetty-less solution for the project, which Delta Offshore continues to push toward FID.

Company cites COVID-19-driven decline in fuel demand in move following announcement of Australian layoff plan as latest cost-cutting measure.

Winning innovators focused on environment, safety, and operational efficiency.

Tom Blasingame will take office as 2021 SPE President during the SPE Annual Technical Conference and Exhibition to take place in October. He shares his views of the key challenges facing SPE and the industry and what his goals will be during his presidency.

Unlike shale, deepwater plays—which are highly front-loaded investments with long project cycles—will be least affected by the current round of severe investment reductions. Large offshore plays in safer regions have become essential elements of the core business of large oil and gas players.

Unconventional producers around the world have been hamstrung by expensive and cumbersome options when it comes to obtaining reservoir data. Among the latest ways to break past these barriers is a new method developed by Canadian researchers and field tested in Australia’s unconventional frontier.