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 case study describes how edge computing and industrial internet of things platforms were deployed to automate and optimize production operations across four distinct basins.
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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. -
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.
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Big ideas for digital intelligence in Oil and Gas are being discussed at ATCE.
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Optimization of maintenance costs is among operators’ main concerns in the search for operational efficiency, safety, and asset availability. The ability to predict critical failures emerges as a key factor, especially when reducing logistics costs is mandatory.
