The Great Data Riddle: ONS ends in uncertainty for tech innovation
My first ONS conference in Norway brought one key issue into sharp focus: energy firms are sitting on an asset that could make a huge difference to our drive towards sustainability.
My first ONS conference in Norway brought one key issue into sharp focus: energy firms are sitting on an asset that could make a huge difference to our drive towards sustainability.
Interesting as it is to ponder flying or subsea drones, or even walking past a robot on an offshore platform, the future of the North Sea is just as much about strides in data and digitalisation.
“Those who cannot remember the past are condemned to repeat it” - Spanish philosopher George Santayana.
A massive revamped OGA data platform is being launched to “unlock” new opportunities in CCS, hydrogen and “environmentally sustainable” oil and gas projects in the North Sea.
It is no secret that electric utilities are having to undergo a deep transformation to adapt to the energy transition. The extent of this transformation calls to mind what happened to telephone companies when the Internet came along. And as with the Internet’s impact on telephony, one of the key factors in the electrical utility incumbents’ ability to adapt to change is their capacity for digitalization.
Collaborating on the collection and use of data is a “challenging” but “necessary” step for the energy sector to reach net zero, an industry event has heard.
This is the final in the three part series, by Snowflake, examining the concept of net zero data and how advances in technology can help the world’s largest organisations—especially those which are particularly emissions-intensive like oil and gas—reduce the carbon emissions footprint of their data. See for Part one and Part two.
This is the second in a series, by Snowflake, examining the concept of net zero data and how advances in technology can help the world’s largest organisations—especially those which are particularly emissions-intensive like oil and gas—reduce the carbon emissions footprint of their data. For part one, see here.
Stena Drilling has awarded Independent Data Services (IDS) a six-figure deal to upgrade its fleet with a “world-first” data system.
Oil firms must seize the opportunity presented by the Covid-19 pandemic to grasp the nettle and embrace digital technology and data analysis, industry experts have said.
It’s fair to say that 2019 ended on a note of political and economic turmoil. But while the global oil and gas industry will face a number of uncertainties over the coming months, there is one trend I can predict with total confidence - the momentum-gaining groundswell in the adoption of data science and predictive technologies.
Digital is not a new concept for the oil and gas industry, however, in the last few years we have rapidly grown our understanding of its full potential.
Global powerhouses from the energy and IT sectors will assemble in Aberdeen this month to reveal how the oil and gas industry can cash in on digital tools and data.
Global powerhouses from the energy and IT sectors will assemble in Aberdeen next month to reveal how the oil and gas industry can cash in on digital tools and data.
Global powerhouses from the energy and IT sectors will assemble in Aberdeen next month to reveal how the oil and gas industry can cash in on digital tools and data.
Good data analysis can have a direct impact on operational efficiencies and the potential reduction in operating costs as well as improved production and hydrocarbon recovery.
Meta: In the oil and gas industry, Industrial Internet of Things-driven solutions can increase the productivity of drilling and extraction operations by 30% by turning the data from multiple geographically distributed oil wells into informative insights about wells’ performance.
The oil and gas sector is sharpening its digital game. The downturn was a wake-up call. It forced companies to be more resilient in a low oil price environment. And it brought digitalisation to the fore.
It is incredible how our world is changing. Game-changing innovation is already impacting every aspect of our lives. For me, that means helping our clients maximise the value of their data. My aim is to save them money and time, and realise their digital potential.
The launch of the UK’s inaugural National Data Repository (NDR) for petroleum-related information saw the unveiling of a key piece of the UK’s digital infrastructure, complementing the existing National Geological Repository for core and samples.
Bad Data
A crisis management firm is launching a new data system which it said will "protect lives” of workers offshore.
It’s difficult to ignore the emails, conferences and discussion around digital. There is huge focus on what digital technologies can do for our businesses, moving beyond some of the existing digitalisation of our working practices. It’s been helped hugely by the pervasive nature of technology in our lives, Alexa, Siri, couriers arriving at the door and passing you a handheld computer to sign. These technologies help our industry realise that much of this technology is very mature and, in a lot of areas, largely unexploited in the oil and gas industry.
As a region, the north east of Scotland is known globally for its innovative company base and as an exporter of a wealth of skill and expertise built up in the offshore energy industry.
As the CEO of a digital technology business, I frequently get asked what advice I would give to those looking to scale a digital business.