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Latest news - Digitalisation

Wood secures nearly $3 million in funding for an autonomous robotics project

Wood secures nearly $3 million in funding for an autonomous robotics project   Wood has received funding from the Canadian Province of Newfoundland and Labrador to maximise employment for residents and support the recovery of the offshore oil and gas industry in the area. The project was secured under the Newfoundland and Labrador Offshore Oil and Gas Industry Recovery Assistance Fund and aims to establish an autonomous robotic inspection and maintenance offering in the region....

Net Zero Technology Centre announces new TechX Accelerator strategic partnership with ADNOC

Net Zero Technology Centre announces new TechX Accelerator strategic partnership with ADNOC   Abu Dhabi National Oil Company (ADNOC) announced as TechX Strategic Partner following unveiling of the UAE’s Net Zero by 2050 Strategic Initiative Accelerator programme offers expert tutoring, technology support and a grant of up to £100K for 12 clean energy start-ups The Net Zero Technology Centre has today [18 January] announced Abu Dhabi National Oil Company (ADNOC) a...

Wood and FutureOn collaborate to provide an integrated technical and digital service to operators

Wood and FutureOn collaborate to provide an integrated technical and digital service to operators   FutureOn, the global software company specialising in the energy sector and creator of the award-winning, SaaS field design applications, FieldTwin Design and its API-centric collaboration platform, FieldTwin, has formed a strategic collaboration with global consulting and engineering leader Wood, to provide an enhanced service to its client base of global asset operators. Wood&rsquo...

Neptune Energy’s new digital twins support Dutch New Energy projects

Neptune Energy’s new digital twins support Dutch New Energy projects   Neptune Energy today announced the development of new “digital twins” of two platforms in the Dutch North Sea, which will accelerate work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore. They will also support planning of Neptune’s major Carbon Capture and Storage project in the L10 area. Leading UK-based 3D technology specialist, Eserv, is crea...

Robotics essential to the oil and gas industry

Robotics essential to the oil and gas industry   Robot renting — also known as the robot as a service (RaaS) — is expected to revolutionise the way oil & gas companies approach robotics, according to GlobalData. The company notes that industry leaders such as BP, Equinor, ExxonMobil, and Shell are increasingly testing autonomous robots in their facilities, with these systems often supported by other technology such as artificial intelligence (AI). However, the costs...

Oil & Gas firms to spend $15.6 bn on digital technologies: ABI Research

Oil & Gas firms to spend $15.6 bn on digital technologies: ABI Research   Oil & Gas firms will spend $15.6 billion on digital technologies in 2030, according to global technology intelligence firm ABI Research. Investments in digitalization can help to analyze a pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. &...

Energy Sector moves closer to unmanned operations

Energy Sector moves closer to unmanned operations   Oil majors are looking to automate their assets to reduce the impact of demand fluctuation on revenues, according to GlobalData. The company notes that COVID-19 has been a wake-up call to the upheaval that a sudden drop in energy demand and/or labor availability can cause, and digital oilfield technologies such as digital twins and other remote monitoring solutions will be gamechangers in upstream oil and gas operations. Charlotte...

CNOOC Deregisters With SEC

CNOOC Deregisters With SEC   CNOOC Limited announced Tuesday that it intended to deregister with the United States Securities and Exchange Commission (SEC) and terminate reporting obligations under the U.S. Securities Exchange Act of 1934. The company noted that the delisting of its American depository shares became effective following the close of the market in New York on October 22. As such, CNOOC outlined that it would file Form 15F with the SEC on November 30 to deregister all...

VR and software firm doubles in size thanks to training technology adoption in oil and gas

VR and software firm doubles in size thanks to training technology adoption in oil and gas   Digital transformation in the oil and gas market is helping training technology and software firm, 3t Transform achieve phenomenal growth. In the last 12 months 3t Transform has doubled turnover, launched several next generation technology products and secured 34 new global customers with plans for more significant growth by 2023. The company, which is part of the 3t Energy Group, develo...

XpertRule and Booth Welsh Join Forces to Deliver Intelligent Sustainable Manufacturing Solutions

XpertRule and Booth Welsh Join Forces to Deliver Intelligent Sustainable Manufacturing Solutions   XpertRule (XR) and Booth Welsh today announced a partnership that will help organisations reduce their carbon footprint and tackle the toughest climate change problems through the enablement of intelligent manufacturing. The partnership will see Booth Welsh leverage XpertFactory software to transform manufacturing operations by making it easy to digitally capture, streamline and audit th...

Top 3 disruptive trends from Blockchain in Oil & Gas 2021

Top 3 disruptive trends from Blockchain in Oil & Gas 2021   Global oil and gas has reached a critical infection point, and blockchain technologies are becoming key to the future evolution of the industry. In mid-September, while the winds and rain of Tropical Storm Nicholas were descending on Houston, leaders in energy sector digital transformation gathered at Midtown’s Houstonian Hotel for the Energy Conference Network’s Blockchain in Oil and Gas 2021. At the globa...

Cognitive AI to boost sustainability for the oil and gas sector

Cognitive AI to boost sustainability for the oil and gas sector   AI and data analytics are already finding increasing adoption in the oil and gas sector, across a wide range of scenarios for upstream and downstream use cases. The oil and gas sector is facing growing pressure to become more ‘green’. While mitigating environmental impact has been on the energy sector’s agenda for a long time, recent years have seen increasing calls from both within and outside the...

Award-winning RFID solution lands first US contract

Award-winning RFID solution lands first US contract   A leading international asset management consultancy, service and software provider has secured its first US contract for an award-winning asset tracking and management of change software solution. Add Energy’s innovative AssetVoice™ solution has been selected by a Houston-based chemical decontamination company to track and manage critical equipment required for seamless and safe servicing of chemical plants and refi...

World’s first fully automated land rig drills first well

World’s first fully automated land rig drills first well   Nabors Industries Ltd. has announced its PACE®-R801 – the world’s first fully automated land drilling rig – has reached total depth on its first well, a horizontal well for ExxonMobil in the Permian Basin. XTO Energy, a subsidiary of ExxonMobil, contracted PACE-R801 to drill three horizontal wells on a test pad in Midland County, Texas, US. This first well was drilled to a total measured depth...

Stena Drilling advances digital transformation with SmartChainServices blockchain technology partnership

Stena Drilling advances digital transformation with SmartChainServices blockchain technology partnership   Today, Stena Drilling, an independent drilling contractor, announces it has acquired a minority stake in and formed a three-year technology partnership with SmartChainServices (SCS), a Cambridge-based (UK) blockchain technology start-up. The announcement follows a six-month proof of value project, where Stena Drilling applied the power of SCS’ ClearDapp™, a blockch...

Decentralised digital passport boosts supply chain efficiency

Decentralised digital passport boosts supply chain efficiency   The traditional paper trail has been at the heart of industry and commerce for decades. Today, many work and data flows are still document based. This leads to a dependency on paper-based evidence and records resulting in inefficiencies and added costs. At Shell, we are working with our supply chain to create a digital audit trail for equipment, utilising blockchain technology. The aim is to reduce waste and drive efficie...

Where Blockchain Technology Can Disrupt The Oil And Gas Industry

Where Blockchain Technology Can Disrupt The Oil And Gas Industry   What if someone figured out how to use blockchain technology to revolutionize the oil and gas industry? What would that look like, I wonder. It all started with an old friend of mine, now a senior official in the oil and gas industry, approached me after reading one of my recent Forbes articles on the blockchain. He mentioned how he was intrigued by my opinion into this emerging field but also felt it had tremendous...

Robots to Catalyse Energy Sector’s Push to Net-zero

Robots to Catalyse Energy Sector’s Push to Net-zero   Accelerating the development of robotics and autonomous systems (RAS) will be a significant enabler to reaching net-zero, according to new research. The Offshore Renewable Energy (ORE) Catapult has highlighted that by 2050, the global robotics market in the energy sector will be worth £8.4bn. With its high-growth forecasts, wind energy (onshore and offshore) is expected to open up a new robotics frontier that will...

Offshore oil, gas and renewable industries join forces to launch digital and data taskforce

Offshore oil, gas and renewable industries join forces to launch digital and data taskforce   A new offshore energy taskforce is set to launch on Tuesday 21st September, aiming to create a Digital & Data Strategy spanning oil, gas and renewables. The Offshore Energy Digital and Data Strategy taskforce is being launched by the Net Zero Technology Centre (NZTC), OGUK, the Oil and Gas Authority (OGA). It will be run by  Energy Systems Catapult (ESC) and Offshore Renewable Ene...

NERA and Wood partner on AI inspection solution

NERA and Wood partner on AI inspection solution   The power of artificial intelligence (AI) technology has been harnessed in a new real-time inspection solution, capable of autonomously detecting and categorising equipment anomalies. The Augmented Machine Vision Solution (AMVS) has been developed through a 12 month, AUD$288 600 partnership between Wood and NERA (National Energy Resources Australia) - the independent NFP, grant funded by the Federal Government and matched by industr...
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