Industrial Internet to Help Upstream Sector
There has been a growing interest among oil and gas companies in adopting the Industrial Internet to improve sustainability and market competitiveness, said a study.According to data and analytics company GlobalData the upstream sector is witnessing comparatively more implementations of the Industrial Internet compared to other oil and gas sectors. This is driven by the need to reduce operational risks and maximizing returns from their assets through digitization.The adoption…
Digitalization Boosts Renewable Sector
Renewable energy investors and developers are increasingly turning to digital technology to build effective investment strategies, with almost half (47%) of the finance industry saying they have digitalization as a core part of their publicly stated strategy.New industry-wide report from DNV GL highlights benefits and challenges of digital technologies for renewable energy financing as market moves away from subsidies.DNV GL surveyed nearly 2000 senior stakeholders from across the energy industry.
Schlumberger Taps Google as Preferred Cloud Provider
Services company Schlumberger said on Monday it has renewed and expanded its agreement with Google Cloud to develop cloud-native exploration and production (E&P) applications to help its customers derive actionable insights from data and harness the power of Google’s cloud infrastructure and artificial intelligence (AI) capabilities.Schlumberger has deployed its oil and gas petrotechnical software suite, including WesternGeco Omega geophysical data processing platform and…
ABS Explores Pathways to 2050 in Germany
ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key challenges.Vessel automation, demystifying digital technologies and pathways to 2050 compliance led the debate at the ABS German National Committee, said a press note from the global provider of classification and technical advisory services to the marine and offshore industries.“ABS is committed to the German market…
Repsol, Emerson Pact for Geoscience R&D
Emerson and Repsol announced they have established a strategic alliance to deliver advanced subsurface geophysical technologies to reduce the time to prospect and produce first oil.Emerson, a global engineering and technology company, will work collaboratively with Spanish energy company Repsol to implement and deploy advanced subsurface imaging technologies, with core technologies developed by Repsol as part of Kaleidoscope, its 10-year innovation project."These advances…
Oil and Gas Digital Investment Set to Surge
Global oil and gas executives are preparing to accelerate their investment in digital technologies, primarily as they seek to double down on their cost-saving ambitions.An EY survey of 100 global oil and gas executives found that 89 percent expect to step up their investment in digital over the next two years.Despite oil prices reaching more attractive levels during the third quarter of 2018, operational efficiency remains a top priority owing to a legacy of falling prices…
MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL
The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050.The report says, the Middle East and North Africa (MENA) region will remain the main global supplier of oil and gas for decades to come."Among its forecasts for 10 global regions, DNV GL’s Outlook sees the MENA region accounting for most onshore conventional gas production in the lead-up to 2050…
DNV GL Rolls-out Digital Hub in Singapore
DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security and digital development – including support for DNV GL’s open industry platform Veracity.The digital hub, part of DNV GL – Digital Solutions…
DNV GL Unveils Renewable Energy Data Platform
DNV GL is launching GPM Horizon, a data monitoring platform with full integration of current and future renewable energy systems including solar PV, wind and energy storage assets. GPM Horizon enables future-proof fleet management by bringing digitalization technologies and integrated renewables systems together in one platform, which are the key drivers for the global energy transition.Global energy forecasters, including the International Energy Agency, foresee a rapid growth in renewable sources.
Partners Set Out to Drive Subsea Digitalization
A five-year partnership agreement between Subsea 7 company i-Tech Services and Leidos will aim to develop and apply digital technologies to drive efficiency of operations and competitive advantage in the offshore oil and gas sector.Through the partnership, the companies say they will be able to to increase efficiencies in life of field capabilities by providing clients with greater insights into operations through the field lifecycle through digitalization.This relationship…
Energy Leaders Gather for the IEA Ministerial Meeting
Ministers and top government officials from the International Energy Agency’s 29 member countries, seven Association countries – Brazil, China, India, Indonesia, Morocco, Singapore and Thailand – and other partners, as well as more than 30 CEOs from across the energy spectrum, met in Paris this week for the IEA’s 2017 Ministerial Meeting. Held under the chairmanship of Ibrahim Baylan, Sweden’s Minister for Policy Coordination and Energy, the meeting highlighted the IEA’s role as the world’s leading energy authority and a global hub for clean energy.
Arnlea Lands Contracts with Chevron and Chrysaor
Aberdeen-based oil and gas asset management software business Arnlea said it has secured contracts with two operators for its mobile software inspection and maintenance product Intrinsix Ex. Arnlea signed an agreement with Chevron for the deployment of Intrinsix Ex across five of the operator’s North Sea assets. Chrysaor, which acquired a package of North Sea assets from Shell earlier this year, has also committed to use the same Arnlea solution on three of its assets. This contract is for one year, with the option to extend.
McDonald Takes the Helm at OPITO
Global safety, standards and workforce development organization OPITO has appointed John McDonald as CEO as the organization seeks to further drive the international skills agenda for the oil and gas industry. McDonald has been Interim CEO since January and was previously U.K. managing director for OPITO after joining the organization in 2012. The appointment comes after an external and internal recruitment process following the sudden death of former CEO David Doig earlier this year. John Taylor, chairman of OPITO today welcomed McDonald to the role.
DNV GL Bags Maersk Oil's Tyra Verification Service Contract
DNV GL has won a major contract to provide independent verification services for the Maersk Oil redevelopment of the Tyra field, offshore Denmark. The Tyra field in the Danish North Sea has been at the centre of Denmark’s national energy infrastructure since 1984, providing 90% of the country’s gas production. The contract will be coordinated by DNV GL in Denmark, with teams of experts from multiple DNV GL offices supporting the construction in fabrication yards across the world over the next five years.
Statoil's Digitalization Drive
Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Towards 2020 Statoil expects to invest $120 to $240 million in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology and research projects. “Aiming to be a global digital leader within our core areas, we are now stepping up our efforts to capture opportunities provided by the rapid development within digital technologies,” said Eldar Sætre, Statoil’s CEO.
Partners Address Pipe-walking Challenges
The Industry Technology Facilitator (ITF) said it is welcoming additional participants to a new joint industry project (JIP) to develop pipeline anchoring and monitoring systems which could mitigate the risk of pipeline walking and cut pipeline anchor installation costs in half. The Anchoring Pipeline Technology (APT) JIP will bring together major global operators and pipeline installation companies to collaborate with ITF and Crondall Energy, an independent oil and gas consultancy…
ABB Debuts Digital Substation
Digital substations as key elements in future-oriented power grids to improve efficiency, safety and system visibility. ABB is presenting its digital substation model at the Cigré conference and exhibition, in Paris from August 22-26, 2016, a leading global platform for power experts and a showcase for the latest technology developments in the sector. Digital substations will be a key component of next generation grids as they enable smarter power systems. This innovative technology concept supports the digital transformation of the power sector and reinforces ABB’s Internet of Things…
Big Data: Slow Adoption in O&G Sector
Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil & gas professionals1 (45%) already see solid or high potential for big data and analytics to transform the operating efficiency of the industry in 2016, according to research by DNV GL. The research among over 900 senior oil and professionals reveals that despite it’s potential, only 36% plan significant or moderate investment in big data and analytics in…
Top 10 Cyber Security Issues for Oil & Gas Industry
(Press Release) With the exploitation of new cost-effective operational concepts, use of digital technologies and increased dependence on cyber structures, the oil and gas industry is exposed to new sets of vulnerabilities and threats. Cyber-attacks have grown in stature and sophistication, making them more difficult to detect and defend against, and costing companies increasing sums of money to recover from. DNV GL delivering today a study to the Lysne Committee (Lysneutvalget1) that reveals the top ten most pressing cyber security vulnerabilities for companies operating offshore Norway.
DNV GL Reveals Top Cyber Security Vulnerabilities for O & G Industry
With the exploitation of new cost-effective operational concepts, use of digital technologies and increased dependence on cyber structures, the oil and gas industry is exposed to new sets of vulnerabilities and threats. Cyber-attacks have grown in stature and sophistication, making them more difficult to detect and defend against, and costing companies increasing sums of money to recover from. DNV GL is today delivering a study to the Lysne Committee (Lysneutvalget1) that reveals the top ten most pressing cyber security vulnerabilities for companies operating offshore Norway.