Data & Analytics
The emerging vision is an industry where engineers focus on judgment, risk assessments, and accountability.
This paper presents the large-scale deployment and operational integration of an advanced, automated rheometer in the Ghawar gas field, one of the world’s most prolific and technically complex hydrocarbon developments.
Case studies from Devon Energy, ConocoPhillips, and others show how clever engineering and technology are being used to improve recovery and asset value.
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Photogrammetry—stitching together images to create photorealistic 3D models—can be part of a larger industrial digitalization strategy that aims to liberate data from its silos, connect it to other relevant information, and make it available to the workers who need it. -
The era of Big Data is coming to an end as the focus shifts from how we collect data to processing that data in real-time. Big Data is now a business asset supporting the next eras of multicloud support, machine learning, and real-time analytics.
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Shell is continuing its exploration of blockchain with yet another investment in the technology, this time investing in LO3, a startup using a modified version of the Ethereum blockchain to make it easier for individuals to buy and sell locally produced energy.
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Digital transformation: It’s a phrase that seems to be on the lips of everyone in the oil and gas industry, and that was certainly true at the inaugural Energy in Data conference held in Austin. The conference, however, showed that the transformation is more than on its way. It’s here.
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Firms such as Netflix have had a solid digital transformation strategy. Now, industrial companies, including in the oil and gas sector, are on a similar, if less dramatic, trajectory.
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First developed as a proprietary system by a large Permian Basin operator, this hydraulic fracturing schedule exchange will be run by a data company and opened up to the entire North American shale sector.
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Usually, field engineers manually pick events such as start and end times out of hydraulic-fracturing pumping data. This manual process is time-consuming and prone to error. Now, a Denver-based company is using machine learning to identify these events more accurately and consistently.
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Unlike structured data, unstructured data is information that either does not have predefined labels or is not organized in a predefined template, and inefficient management of this data is holding back the industry.
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In recent times, we have been inundated with articles concerning the oil and gas industry’s race toward digitalization and automation. The pillars of such a transformation are the rapidly evolving industrial Internet of things, secure cloud computing, data analytics, AI, and machine learning.
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Baker Hughes is still a GE company, but it has partnered with a second company for artificial intelligence expertise, C3.ai. The deal is expected to speed the integration of AI into oilfield operations by the company which also markets GE’s device analytics platform, Predix.
