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Latest news - Digitalisation

Equinor signs deals with startups from the Equinor and Techstars Energy Accelerator

Equinor signs deals with startups from the Equinor and Techstars Energy Accelerator   Equinor Ventures has signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. This is one of the results of this year’s Equinor and Techstars Energy Accelerator. Equinor Ventures has signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. F3nice’s technology will source metal scrap and disused parts and convert this into me...

Subsea 7’s nano engineered sensor platform wins OTC Spotlight on New Technology® Award

Subsea 7’s nano engineered sensor platform wins OTC Spotlight on New Technology® Award   Subsea 7, a global leader in the delivery of offshore projects and services for the evolving energy industry, and Xodus Group, an autonomous subsidiary of Subsea 7, are to be recognised at the 2021 Offshore Technology Conference (OTC) in Houston with a Spotlight on New Technology® Award for Subsea 7 Nano Engineered Sensor Platform (Subsea 7 NESP). The advanced nano engineered sens...

Sharp Reflections announce expansion of its 4D capabilities with PreStack Pro 6.2

Sharp Reflections announce expansion of its 4D capabilities with PreStack Pro 6.2   Sharp Reflections, a trailblazer in big data solutions for quantitative seismic data analysis, has announced a software update to its industry leading proprietary software, PreStack Pro. The 6.2 update, developed in partnership with Equinor focuses on expanding the software’s capabilities within the 4D domain.  Whilst this offers additional functionality for improving pre-stack seismic analy...

ABB tasked with automation at North Sea Krafla platform

ABB tasked with automation at North Sea Krafla platform   Equinor has contracted ABB to implement its Adaptive Execution methodology at the unmanned processing platform (UPP) planned for the Krafla field in the Norwegian North Sea. Adaptive Execution is said to integrate expert teams, new technologies, agile processes, shared learnings and proven methodologies, linked to the digital ABB Ability platform. In addition, ABB will provide automation solutions for the Krafla oil and g...

Wildcat Petroleum working on blockchain-based monetisation option for oil reserves

Wildcat Petroleum working on blockchain-based monetisation option for oil reserves   Wildcat Petroleum PLC jumped 10% to 3.3p after Crown Energy AB got on board concerning a potential initial coin offering. Wildcat is working on a proprietary and innovative model to monetise hydrocarbon blocks based on Blockchain Technology. The model is currently in development and hopefully, by the end of 2021, the final version will be launched. Crown Energy has oil blocks in Madagascar, Sout...

Data dividend as Infinity Partnership joins forces with AutoEntry

Data dividend as Infinity Partnership joins forces with AutoEntry   Award-winning accountancy firm Infinity Partnership has agreed a formal affiliation with accounts automation software provider AutoEntry. Under the arrangement, Infinity clients will enjoy preferential initial access to AutoEntry’s advanced data entry solution as well as user support. Dublin-based AutoEntry is focused on enhancing workplace efficiency by automating the entry of data from receipts, invoices...

PETRONAS Selects AVEVA ‘s Unified Cloud Solution to Drive Productivity and Redefine Processes

PETRONAS Selects AVEVA ‘s Unified Cloud Solution to Drive Productivity and Redefine Processes   Petroliam Nasional Berhad (PETRONAS), Malaysia’s fully integrated oil and gas multinational, has partnered with AVEVA, a global leader in industrial software, driving digital transformation and sustainability, to provide a modern enterprise solution that promotes integration across the entire value chain.  PETRONAS selected  AVEVATM Unified Supply Chain in the clou...

New Lamprell joint venture to promote digital solutions

New Lamprell joint venture to promote digital solutions   Lamprell has signed a joint venture agreement with UAE-based Injazat to create and market digital products and services focusing predominantly on the renewables and oil and gas industries. The partners will initially invest $7m split equally between them into the joint venture in 2021, which will be registered in the Abu Dhabi Global Markets financial centre. The new company will be led by directors appointed from both pa...

Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030

Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030   Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report that looked into the adoption of robotics across the petroleum industry, Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and...

Oil giant Shell discloses data breach linked to Accellion FTA vulnerability

Oil giant Shell discloses data breach linked to Accellion FTA vulnerability   Shell has disclosed a data breach involving stakeholders that exposed personal information records. The oil and gas company said an unknown threat actor managed to gain access to "various files" during the time of intrusion which included personal data and information "from Shell companies and some of their stakeholders." Shell has not disclosed how many individuals are involved in...

ADNOC and Petronas ink upstream and downstream tech collaboration deal

ADNOC and Petronas ink upstream and downstream tech collaboration deal   The Abu Dhabi National Oil Company (ADNOC) announced a strategic framework agreement with Petroliam Nasional Berhad (PETRONAS) to explore opportunities for collaboration across the full oil and gas value chain. The first-ever agreement between both companies builds on the strong bilateral ties between the United Arab Emirates and Malaysia and underscores ADNOC’s expanded approach to strategic partnership...

Schlumberger New Energy, Chevron and Microsoft develop bioenergy project

Schlumberger New Energy, Chevron and Microsoft develop bioenergy project   Schlumberger New Energy, Chevron Corporation, Microsoft and Clean Energy Systems today announced plans to develop a ground-breaking bioenergy with carbon capture and sequestration (BECCS) project designed to produce carbon negative power in Mendota, California, US. The BECCS plant will convert agricultural waste biomass, such as almond trees, into a renewable synthesis gas that will be mixed with oxygen in a...

Survey confirms overwhelming industry support for ‘No Man Entry’ Robotic Tank Cleaning

Survey confirms overwhelming industry support for ‘No Man Entry’ Robotic Tank Cleaning   The global survey, commissioned by Re-Gen Robotics and carried out by TankStorage.com at the end of the year, asked engineers, managers and senior executives with responsibility for hazardous area operations, their preferred option for cleaning oil terminal tanks. It also asked those more generally involved in the safe installation and operation of plant and equipment within potenti...

Fugro launches MASSPeople international working group for remote and autonomous training standards

Fugro launches MASSPeople international working group for remote and autonomous training standards   In partnership with SeaBot XR, a leading agency for next-generation cutting-edge learning products and services, and the UK Maritime and Coastguard Agency, Fugro has launched MASSPeople, the Maritime Autonomous Surface Ships (MASS) International Training Standards Working Group. The group consists of representatives from European and international maritime authorities who will collabor...

Baker Hughes and C3 AI Facilitate Petronas's Move Into Digital Transformation Programs

Baker Hughes and C3 AI Facilitate Petronas's Move Into Digital Transformation Programs   Baker Hughes, an American industrial service company operating around the globe and C3 AI (artificial intelligence), a leading enterprise AI software provider announced an AI collaboration with Petronas, Malaysia's global energy and solutions company, to apply joint Baker Hughes C3 AI (BHC3) technology across the company's strategic digital transformation programs. As the custodian...

ABB’s analytics and AI software can help ships improve efficiency and cut fuel consumption

ABB’s analytics and AI software can help ships improve efficiency and cut fuel consumption   Insights into ship’s operational data, amplified by Artificial Intelligence (AI) can help save up to 10 percent fuel and cut cost Unlocking the value of advanced analytics can increase vessel uptime and reduce essential service visits by up to 30 percent Digital technologies, including AI, data integration and analytics solutions, are expected to transform international s...

Fennex deploys industry-first Digital Safety Observation Solution to Noble Global Offshore Fleet

Fennex deploys industry-first Digital Safety Observation Solution to Noble Global Offshore Fleet   An Aberdeen-based technology company has developed a ground-breaking digital solution combining artificial intelligence and machine learning to optimise safety observations across the energy sector. The app, developed by intelligent digital solutions specialists Fennex Ltd, has been successfully deployed across the offshore global fleet of international drilling contractor Noble Holdi...

Restrata begins rollout of covid-safe technology for offshore industry

Restrata begins rollout of covid-safe technology for offshore industry   British Technology Company Restrata has today announced that its renowned COVID-Safe Platform is available for use by companies in the offshore energy industry. This follows the announcement of the ATEX approved BLE wearable tag - used in conjunction with the Restrata Platform + COVID-Safe Solution - for use in offshore environments. The Restrata Platform has been widely used by the international sport, busine...

Hydrogen, AI, and remote operations: lessons from Baker Hughes’ AM

Hydrogen, AI, and remote operations: lessons from Baker Hughes’ AM   On Monday and Tuesday, oilfield services company Baker Hughes held its Annual Meeting and conference for the oil and gas industry. The conference was held online due to the Covid-19 pandemic, allowing upstream and downstream businesses to watch technology sessions and keynote speeches in an (almost) seamless virtual environment. While conferences often focus on possible future innovations, many talks focused...

Halliburton to Provide Digital Solutions for Kuwait Oil Company

Halliburton to Provide Digital Solutions for Kuwait Oil Company   Halliburton Company today announced it was awarded a contract from Kuwait Oil Company (KOC) to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions for their North Kuwait asset. It will allow KOC to accelerate their data-to-decisions cycle by designing and operating digital twins of the field to automate work processes, supported by DecisionSpace® 365, a clou...
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