Data & Analytics
Lean Six Sigma, through its DMAIC framework, offers a data‑driven approach for reducing waste and variation in oil and gas operations and is explored here as a practical solution for improving drill-bit inventory and lease management despite limited industry adoption.
The 2-day event will explore the evolving role of quantum computing in oil and gas applications.
The event, taking place on 2 April, will explore the theme "Beyond Automation: AI as the Catalyst Reshaping the Oil and Gas Industry."
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This column is intended to provide a starting point and a roadmap for professionals who want to learn data science and are struggling with the question, “Where do I start?” -
Where there are data generated and collected, there is analysis of the data. The ongoing digital transformation in the industry has opened many opportunities for professionals skilled in data analytics.
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A recent datathon and the team that took home the grand prize help paint a picture of both the industry’s’ digital transformation and how oil and gas engineers are embracing it to navigate uncertain times.
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As current sources of competitive advantage erode and new ones emerge, perhaps the only constant in a highly uncertain world is the criticality of good talent for success. Upskilling the workforce for analytics, therefore, needs to be a one of the top priorities as we sail unchartered waters.
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Greg Leveille said he is optimistic that the shale sector will be able to bounce back from its second downturn in 5 years. The trick this time, he says, will be not just investing in new digital technologies but putting them to work.
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The Offshore Technology Conference was cancelled for the first time ever due to the COVID-19 pandemic. But the flow of ideas continues. As proof, this curated summary of technical papers highlights unique concepts that might someday reduce the offshore sector’s heavy cost burdens.
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The Internet giant is walking away from the exploraiton and production business following a report that claimed it was undermining its own climate initiatives by offering its machine-learning tools.
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Alan Nelson is not only the new chief technology officer at ADNOC, he is the company’s first person to hold the title at the integrated oil company.
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Moving away from siloed organization to the co-creation of an IT/business strategy is an important progression in the journey of digital transformation.
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HML methods have become common in recent applications. We have probably been using some of them without realizing it. It is, however, necessary to know about them in the context of understanding the underlying concepts of their methods and how they work.
