internet of things

The 5-year effort will take advantage of Microsoft technologies in machine learning, augmented reality, user interactions, and the industrial Internet of things to deliver integrated solutions to the upstream industry.

Houston pipeline and refinery operator Phillips 66 is testing a private 5G cellphone network to control sensors at one of the company's facilities in Louisiana.

An AI-based application enabled operators to preempt ESP failures while optimizing production.

Artificial intelligence systems can be trained to recognize visual content in drawings and provide a simplified context. The complete paper highlights the use of AI to process a scanned drawing and redrawing it on a digital platform.

The international major is calling its latest multiwell project in the Permian Basin a “beacon of innovation.” The goal is to see if combining digital technologies will lower the operating costs of its shale assets.

The application of the industrial Internet of things within oil and gas promises to revolutionize the oil field by enabling the acquisition and accessibility of far greater amounts of data, especially for tasks that previously have been managed through historically analog documentation and storage.

The industrial Internet of Things (IoT) is changing the way the oil and gas industry operates, but are companies leveraging it to its full potential? What strategies are being employed to handle the obstacles to implementation? Finding value in people plays a role in integrating IoT into operations.

Whether thinking about managing oil and gas or other infrastructure facilities or considering industrial efficiency, you may be pondering how the Internet of things can be used. Forward-thinking strategies include not just staying on top of regulatory changes but also influencing them.

The upstream sector is witnessing comparatively more implementation of the industrial Internet of things compared with other sectors of the oil and gas industry. This is driven by the need to reduce risk and maximize returns through digitalization, according to data and analytics company GlobalData.

For too long, owner/operators have managed operational profitability using paper-based processes or monthly reporting cycles. In the new technological climate, this approach has been proven to be less effective. Enter the industrial Internet of things.