Inaugural Conference Pushes Industry Past the Digital Transformation
Digital transformation: It’s a phrase that seems to be on the lips of everyone in the oil and gas industry, and that was certainly true at the inaugural Energy in Data conference held in Austin. The conference, however, showed that the transformation is more than on its way. It’s here.
Machine Learning Helps Pinpoint Events From Fracturing Data
Usually, field engineers manually pick events such as start and end times out of hydraulic-fracturing pumping data. This manual process is time-consuming and prone to error. Now, a Denver-based company is using machine learning to identify these events more accurately and consistently.
Oil and Gas Has a Problem With Unstructured Data
Unlike structured data, unstructured data is information that either does not have predefined labels or is not organized in a predefined template, and inefficient management of this data is holding back the industry.
Digital Transformation: Quest for Operational Efficiency
In recent times, we have been inundated with articles concerning the oil and gas industry’s race toward digitalization and automation. The pillars of such a transformation are the rapidly evolving Industrial Internet of Things (IIoT), secure cloud computing, data analytics, AI, and machine learning.
Anadarko Works To Balance Physics With Data Science
Merging tried-and-true physics-based models with data science is bolstering the Houston independent’s reservoir-engineering work on its deepwater and shale assets.
Built on Several New Tools, Marathon’s Digital Oilfield is Maturing
Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows.
Amazon Becomes a Large Cog in the Industry’s Digital-Transformation Machine
DSDE recently spoke with Bill Vass, vice president of engineering for Amazon Web Services, about his observations on the oil and gas industry’s digital efforts and Amazon’s aggressive growth in the business.
Can Robots Improve Above-Water Riser Inspections?
The criticality of above-water riser hull piping requires frequent inspections. Traditional manual inspection methods present safety and efficiency concerns, but work is being done to see if robotic technologies—such as drones and crawlers—can do the job as good as, or even better than, humans.
How Southeast Asian Upstream Operators Are Digitalizing
Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption. The companies are beginning to see results, but none is counting on a “big bang” in development of the technology soon.
The Case for Collaboration: Data Science Is Done Best When an Operator Works With a Data Scientist
Studies conducted through collaboration between an operator that knows the physical reality and a data-science company that knows the best machine-learning methods yield good practical results.
Digital Technologies Shake Up the Safety Status Quo
Digitalization and new technologies are disrupting old practices and shaping a new safety landscape for the oil and gas industry. At OTC, a panel sponsored by the Center for Offshore Safety looked at the effects of some of these new technology trends.
Venture Capital Fuels the Digital Deepwater Oil Field
The technologies born out of innovative ideas have been critical for advancing deepwater assets in the past, and venture-capital investment helps incubate risk-taking companies developing those technologies. With digitization becoming a greater focus in industry, what role will venture capital play?
Robots Run Free at OTC
Robots may not be ready to take over the world just yet, but they are making great strides in the offshore industry. A technical session at this year’s Offshore Technology Conference presented some of the advances, including untethered ROVs and subsea broadband communications.
PVT Musings: Why I Started Using Python To Solve Petroleum Engineering Problems
As the oil and gas industry moves more into the machine learning space, Python-conversant petroleum domain specialists will prove to be increasingly valuable to organizations.
Data Is Not Scarce, but Oil Companies Hoard It as if It Were
A growing number of oil industry leaders are saying that data sharing across the industry is needed, but change is coming slowly.
Data Initiative Aims To Get It All Out in the Open
Representatives from ConocoPhillips, Shell, Chevron, and BP came together onstage at the 2019 Professional Petroleum Data Expo in Houston to present the Open Subsurface Data Universe, “an open-source, data-driven, reference architecture for subsurface and well data in a cloud solution.”
Harmonized APIs Help Capture the Value of Data
Application programming interfaces (APIs) are only valuable when they are being used. Harmonizing APIs in the industry would allow for rapid development and rapid scaling of applications or services across companies.
People, Processes, and Technologies: Companies Circle the Wagons for Cybersecurity
Cyberattacks on energy infrastructure have become a headline affair in recent years, and the costs of not addressing the threats they pose can be catastrophic. What are the responses, and how does the convergence of IT and OT help close the security gaps?
An Engineer’s Perspective of Delivering on the Promise of Digitization
We have been the stranded sailor in the sea (of data) for too long. Access to cheaper computing resources and algorithms presents an opportunity to rethink our work flows that were optimized for a different time and age.
Trustworthiness Casts a Shadow Over Data
In the expanding landscape of oilfield data analytics, analysts must trust their data. Some experts say that trust in the data is as important, if not more important, than the data’s accuracy.
Digital Transformation Pushes Companies To Rethink How They Work
With new digital platforms and technologies driving the industry in the near future, organizations are examining the ways in which their established work flows may help or hinder their ability to adopt and adapt.
Oil Companies Must Learn To Share
Like a fast-declining oil well, the value of propriety software is short-lived. Technological advances drive down the value of programs, many of which were never unique.
Data as the New Oil: Parallels and Contrasts
While both are raw resources, data is reusable. A CERAWeek panel said infrastructure and cultural change are needed to drive the transformative value of data.
Collaboration Redefines the Human/Robot Relationship
Robots have been a part of industrial production for decades, but the interface between humans and robots has changed as automation technologies increased in complexity, scope, and scale. Once a novelty, collaborative robots are projected to become a significant element of the automation landscape.
Artificial Intelligence Can Help Optimize HSE Strategy
HSE data is ever growing, especially in high-risk industries. So, how can you apply data science and artificial intelligence to help see beyond current practices and gain even greater insights into safety data?
The Processing Problem: Can Computers Keep Up With Industry Demand?
High-performance computing is an important piece of the puzzle for operators looking to integrate field models with surface facilities. Next-generation processors and accelerators should help build the systems needed to meet industry's growing demands, but the tools may be reaching their limits.
The Ecosystem of Machine Learning Is Much Larger Than Algorithms
The ecosystem in which an algorithm must live in order to deliver value must be viewed as a whole. The algorithm can be viewed like a car’s engine. It’s rather important, but it’s not a car yet.
Digitalization Tops 2019 Industry Investment Survey
Digitalization leads oil and gas research and development investment priorities, according to DNV’s 2019 annual outlook.
Robots Can Make Tank Inspections Safer and Cheaper
The need to optimize tank turnaround schedules is as great as it has ever been within the midstream sector, but traditional human-based tank inspections often cut into uptime while introducing safety risks. New robotic applications aim to alleviate these issues.
Entitlements and Cataloging: The Challenges of Managing Seismic Data
Cataloging data can be a minefield, and not knowing exactly what you can do with the data you have could lead to disaster. What steps should companies take to handle legacy data, and what importance does the tracking of entitlements play in data management systems?
How Are Oil and Gas Firms Approaching Digital Investment, Implementation?
A survey of oil and gas decision-makers by Ernst & Young sheds light on how companies are formulating their digital strategies.
Blockchain Stretches Into the Oil Patch
Blockchain technology may have gotten its start by keeping cryptocurrency traders honest, but its usefulness is expanding. And the oil and gas industry is taking advantage.
Visualization and the Cloud: Enabling Collaborative Environments
Digital solutions that have made their mark in other industries may foster stronger collaborative environments in various sectors within energy, including equipment maintenance and data management.
Finding Meaning, Application for the Much-Discussed Digital Twin
An increasingly buzzy term tossed around at industry events, “digital twin” is leveraging data analytics, machine learning, and artificial intelligence to improve efficiencies from design to decommissioning.
The New World of Data Science and Digital Engineering: the Hype, the Hope, and the Reality
This new publication intends to cover the hype, the hope, and the reality of data science and digital engineering. We want to educate about new emerging digital technologies, but we also want to talk about the other hard issues that are preventing us from moving faster.
The Digital Future of E&P Can Lead to Data-Driven Anxiety
The constant talk about the data-driven future of the oil and gas business poses a threatening question for some petroleum engineers: What do I need to know to ensure I have a job next year?
Don't miss out on the latest technology delivered to your email monthly. Sign up for the Data Science and Digital Engineering newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
03 July 2019