Sunday, August 25, 2019

Digital Technology News

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. A lack of digital mindset is seen as a bigger barrier…

BHGE to Bring AI to Oilfield

© Siarhei / Adobe Stock

Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider to accelerate the digital transformation in the oil and gas industry."AI in the oil and gas segment helps improve overall performance by ingesting massive quantities of data, becoming intelligent about specific operational environments and predicting problems before they occur so that operators can improve planning, staffing, sourcing and safety," said a press release from the fullstream provider of integrated oilfield products…

Schlumberger to Manage Equinor Project in Brazil

(Photo: Equinor)

Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil's offshore Campos oil basin, a person familiar with the matter said on Thursday.The deal would be the first time an oil services company replaces a drilling-rig contractor, the person said, adding pressure to offshore drillers still reeling from an industry-wide contraction."Schlumberger will provide the full scope of well construction services, drilling management services, and advanced digital technology solutions…

Oil and Gas Digital Investment Set to Surge

Digital Oil and Gas. Pic: Cisco

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 in recent years.Forty-two percent of survey respondents say their primary motivation for investment in digital is to improve efficiency…

Petoro Flags Rising Costs for Oil Industry

Photo courtesy of Equinor

Norway's oil industry must harness digital technology and foster deeper partnerships across the sector to contain rising costs, Petoro, which manages the government's stakes in the country's offshore fields, said on Thursday.Executives of oil companies including Norway's Equinor have pledged to keep costs in check despite oil prices rising since the downturn of 2014-2016.Ahead of that downturn, Petoro had repeatedly warned about rising costs in the oil industry.They have since declined as companies sped up drilling, simplified projects and renegotiated supplier prices…

Digitization of the Norwegian Continental Shelf

The Goliat  Field (Photo: © Eni Norge)

A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea.The system, developed by Eni Norge in cooperation with Safetec and SINTEF, measures and monitors more than 10,600 technical components in real time.The solution reflects several years of intensive work in the industry to develop better methods and systems for risk management. Since 2013, Eni Norway with design and engineering support from Safetec and SINTEF, and software development of Eigen Ltd…

DNV GL Rolls-out Digital Hub in Singapore

Photo: DNV GL

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, is set up to work closely with local and regional authorities and industry…

Petrofac Hires Chief Digital Officer

Fady Sleiman (Photo: Petrofac)

Petrofac has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation. He will be based in Petrofac’s Middle East office in Sharjah.Fady joins from MENA investment company Waha Capital, where he was Chief Information Officer/Group Head of IT for the Abu Dhabi based company from 2014. Prior to that Fady was CIO and Head of Innovation Centre Strategy for General Electric MEA based in Dubai, having held a number of roles across GE’s business portfolio in US, Europe, Middle East and South East Asia…

Kongsberg Wins Johan Sverdrup Phase 2 Contract

Phase 2 will add a fifth platform to the ‘The North Sea Giant’, Johan Sverdrup. Credit: Equinor

Equinor Energy AS has contracted Kongsberg Maritime to deliver the Safety and Automation Systems (SAS) for the recently announced phase 2 of the Johan Sverdrup development in the Norwegian North Sea.The phase 2 agreement includes delivery of SAS and digital technology for a new processing platform, which is due to start production in 2022. Kongsberg Maritime will also extend and modify already delivered systems for the field center, in addition to providing three Subsea Production System tie-backs and technology solutions for shore power at Haugsneset…

Op/Ed: Connecting to the Future of Offshore

(Photo: GE)

120 miles out at sea, 6,000-horsepower devices lift drilling equipment weighing up to 3 million pounds out of holes lying 10,000 feet beneath the water. Keeping such sea monsters in good working order, often for years at a time, is no mean feat. Oil companies spend between $300,000 and $800,000 per day on each vessel drilling offshore. Any failures can result in losses that run into hundreds of thousands of dollars per day.With such high costs and massive market pressures, including volatile oil prices, increasing competition and operations in complex environments, offshore companies are seeking new ways to boost efficiency and raise productivity.

OutSmart, Kongsberg Join Forces on Wind Energy

New management solution based on the Kognifai digital platform and ecosystem will be available for more than 400 European wind energy assets Photo  Kongsberg Digital

Independent wind asset operations management specialist OutSmart BV has selected Kongsberg Digital AS to provide an integrated management system on the innovative Kognifai digital platform and ecosystem. The sophisticated digital solution will be used to manage OutSmart’s extensive onshore and offshore wind turbine portfolio. OutSmart provides services to wind farm owners, fund managers, and wind project companies in Northwestern Europe to maximize the revenues of their wind assets. Part of Deutsche Windtechnik Offshore and Consulting GmbH, OutSmart currently operates more than 400 onshore and offshore wind and solar assets (1.8 GW in total) in Germany, the Netherlands, and the UK.

Big Oil turns to Big Data for Drilling Economies

In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth. The sensors are leading Big Oil's mining of so-called big data, with some firms envisioning billions of dollars in savings over time by avoiding outages, managing supplies and identifying safety hazards. The industry has long used sophisticated technologies to find oil and gas. But only recently have oil firms pooled data from across the company for wider operating efficiencies - one of many cost-cutting efforts spurred by the two-year downturn in crude oil prices.

New Asset Integrity Management System Launched

(Photo: Bureau Veritas)

Bureau Veritas has launched Veristar AIM 3D asset integrity management system, based on technology partner Dassault Systems’ 3DEXPERIENCE platform. The new solution combines a digital twin of any marine or offshore assets with smart data in a collaborative environment. Veristar AIM 3D will be used in the design, development and implementation of the operational lifecycle, to reflect and predict the condition of any asset, or fleet of assets. The solution supports risk based inspection and condition based maintenance approaches. Veristar AIM 3D provides asset management dashboards for individual ships, rigs or facilities – or for whole fleets.

GE Signs Exelon In Its Largest Power-plant Software Deal

General Electric Co has signed up U.S. energy utility Exelon Corp to use its full software set to analyze and manage power plants in 48 states, the largest GE deployment in the power sector so far, the companies said on Tuesday. The Exelon deal, aimed at wringing greater efficiency from the business of generating electricity, marks another advance in GE's effort to lift annual digital technology revenue to $14 billion in 2020 from $5 billion in 2015, across its many industrial products. It also is one of the three largest sales of GE's Predix industrial operating system so far. Exelon has nuclear, wind and fossil fuel-powered plants.

Bunker Industry Mulls Implications of IMO’s Global Cap

Peter Hall, CEO Photo IBIA

The International Bunker Industry Association (IBIA) annual convention is taking place this week (7-11 November) in Gibraltar. It brings many of IBIA’s members together to discuss one of the hottest topics around - the decision taken at the 70th meeting of the IMO’s Marine Environment Protection Committee to implement the 0.50% global sulphur cap in 2020. IBIA, which has over 880 members from over 91 countries, was a co-sponsor to a proposal to MEPC 70 along with the World Shipping Council, BIMCO, CLIA and ICS and many member states. IBIA helped to draft…

ABB, Microsoft Partner to Drive Digital Industrial Transformation

ABB and Microsoft Corp. announced a strategic partnership to help industrial customers create new value with digital solutions. The offering is a unique combination of the Microsoft Azure intelligent cloud and ABB’s domain knowledge and extensive portfolio of industrial solutions. The two partners are looking to empower digital transformation in customer segments such as robotics, marine and ports, electric vehicles and renewable energy. By selecting Microsoft Azure as the cloud for its integrated connectivity platform, ABB’s customers will now have access to an enterprise-grade cloud infrastructure that benefits from billions of dollars of ongoing investment.

Subsea Network Helps Total Save Time at Egina

Photo: Total

French oil major Total, operator for the Egina oil field offshore Nigeria, together with its construction and survey partners, has installed a Fusion 6G subsea positioning network to support its development of the $15 billion project. Supplied by Sonardyne International Ltd, UK, the acoustic technology specified for Egina, which is still ongoing, included a field-wide array of Compatt 6 seabed transponders that were deployed and made ready for work eight days ahead schedule. Located 150 kilometers off the coast of Nigera, in water depths of up to 1,750 meters, the Egina field covers an area of around 500 square miles.

RigNet CFO to Step Down

RigNet, Inc. senior vice president and chief financial officer Marty Jimmerson has informed the company of his intention to step down from his position as CFO by the end of the year, the company announced. Jimmerson has indicated that he will remain to assist in the search for a new CFO and to assure an orderly transition. “I have tremendously enjoyed my over eight years as CFO at RigNet, from its private company days through its successful transition to a public company,” Jimmerson said. “The skills and experience I have gained are invaluable. "Marty has been a key contributor to RigNet’s success over the past several years…

BP Standardizes on Schlumberger Technology

Petrel E&P Software Platform The Petrel platform enables discipline experts to work together and make the best possible decisions—from exploration to production.

Schlumberger announced today that the Petrel* E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been successfully completed for staff at the company’s business unit in Aberdeen, Scotland. “The Petrel platform is replacing an existing software toolkit to help upstream technical staff optimize work processes, improve efficiency and reduce non-productive time associated with drilling new wells,” said Uwem Ukpong, president, Schlumberger Information Solutions. “Feedback from the end users from the first site has been very positive…

BP Standardizes Upstream Software Platform

Schlumberger announced that the Petrel E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been completed for staff at the company’s business unit in Aberdeen, Scotland. “The Petrel platform is replacing an existing software toolkit to help upstream technical staff optimize work processes, improve efficiency and reduce non-productive time associated with drilling new wells,” said Uwem Ukpong, president, Schlumberger Information Solutions. “Feedback from the end users from the first site has been very positive…