Data & Analytics
Canada’s development of large-scale digital drilling core libraries and open geoscience data platforms follows approaches pioneered in Australia, particularly Western Australia, through decades of government investment in geoscience data collection and preservation.
This research focuses on combining physics-based expert rules with machine learning to improve the detection of failure-related events in electrical submersible pumps.
A combination of physics principles and machine-learning techniques is used in this work to develop a virtual flowmeter for oil-production optimization in electrical-submersible-pump-lifted oil wells, resulting in reliable generalization.
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Griff Aviation, a Norwegian company, developed an octocopter that weighs 165 lb, which the company says can lift a payload of up to 496 lb. The Griff 300 aircraft has eight propellers, each powered by a separate motor. Although it can be manually flown using a radio remote control on the ground, an onboard custom helicopter-cabin mobile control is available for the us… -
A look at the universities, startups, and multinational corporations in Silicon Valley, California, which are applying data science and predictive modeling for oilfield management.
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Investment in digital technologies may increase project efficiency and reduce costs. However, Technip’s chief executive officer (CEO) said it is equally important to strengthen relationships with companies along the supply chain.
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The oil and gas sector is an area primed for transformational development of its operations through new digital infrastructures, GE’s CEO said in an address to technological developers and company partners.
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Producers face a number of decision-making challenges. Specifically, they must optimize field development and operational decisions in light of the complex interplay of fiscal, market, and reservoir variables.
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In a recent GE/Accenture report, surveys show that 81% of senior executives believe that big data analytics is one of the top three corporate priorities for the oil and gas industry through 2018. A striking finding was the sense of urgency felt about implementing data analytics solutions.
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Visualization technology has played a key role in reducing operational expenditure (OPEX) and improving collaboration, thus maximizing uptime across the industry throughout the asset life cycle.
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A recently released report predicted that IoT networks will not take up as much of the overall market share as previously anticipated.
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IoT has become a popular phrase in various industries. For upstream oil and gas operators, an IoT infrastructure may present an opportunity improve quality control on their projects, potentially reducing costs and increasing production.
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AUVs have evolved from an emerging technology with niche uses to a viable solution and an established part of operations in various marine sectors. Douglas-Westwood’s AUV Market Forecast considers the prospective demand for AUVs in the commercial, military and research sectors over the next 5 years.
