Data & Analytics
Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.
With the latest addition, the Italian major’s computational capacity passes the exaflop threshold, making the firm the world’s leading company by computing power in the new TOP500 global ranking.
This paper presents a novel reservoir engineering/reservoir simulation approach—a data-driven interwell-connectivity model augmented as a digital twin—to predict reservoir dynamics and optimize operations in the Changqing oil field of China.
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Partnerships with big tech, tech startups, and innovative service companies—and the merging of their data, cloud, and software applications—are proving essential for operators in the scaling phase of digital deployment. Equinor, Microsoft, and Halliburton are among those joining forces. -
A case study in the deepwater Gulf of Mexico in which pressure transient analysis, fractional flow, and production logging tools were integrated to identify correctly the cause of, and execute an effective remedy for, a well’s productivity deterioration.
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Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix.
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This article discusses the role of data management in the context of exploration and production from the 1990s, when building centralized databases was the mainstream, to the end of the second decade of the 2000s.
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Most industries measure digital transformation by accelerated, highly visible outcomes—from new business models and efficient processes to experiences that wow customers and employees alike. But not the oil and gas industry. In fact, it may be following a completely different playbook.
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The service company said it will make its data ecosystem available to the platform that is designed to bring together exploration, development, and wells data from across the industry. This will allow Schlumberger to integrate its solutions with its clients who have already joined the platform.
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Two firms have announced new partnerships to perform unmanned-aircraft-systems-based missions for oil and gas clients in the US and abroad.
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At times, it may seem that machine learning can be performed without a sound statistical background, but this does not take in to account many difficult nuances. Code written to make machine learning easier does not negate the need for an in-depth understanding of the problem.
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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.
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Equinor is using its digital transformation to be more sustainable. “It’s not just about running a smarter business," said Bjorn Otto Sverdrup, Equinor's senior vice president of sustainability. "It’s also about running a more sustainable business.”
