Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change, according to the United Nations Development Programme (UNDP)…
A team of researchers from the University of Houston (UH) is working with the oil industry to develop new ways to predict when an offshore drilling rig is at risk for a potentially catastrophic accident. Ramanan Krishnamoorti, UH's chief energy officer…
Chevron has agreed a seven-year partnership with Microsoft which will see the internet giant become the oil major's primary cloud provider. Chevron says the move will 'accelerate the application of advanced technologies including analytics…
St. Louis-based technology and engineering firm Emerson announced today (16 October) it has agreed to acquire Paradigm, a provider of software solutions for the oil and gas industry, for $510 million. Source: Emerson Paradigm…
Weatherford International and Intel Corp. will collaborate to bring the Internet of Things (IoT) technologies to the oil field. Colin Tait, director of information technology at Weatherford, stood alongside Jonathan Ballon, vice president…
Digital drillship. Photo from GE. Reducing maintenance costs is the primary focus of the oil and gas industry’s quest to get more insight from Big Data. But, can they successfully navigate remaining barriers…
Schlumberger unveiled the new DELFI cognitive E&P environment at the SIS Global Forum today (13 September), which enables collaboration across exploration and production (E&P) teams and leverages the full potential of all available data and science to optimize E&P assets…
Halliburton is entering into a strategic alliance with Microsoft to drive digital transformation across the oil and gas industry. The relationship will combine the expertise of a global leader in cloud and digital transformation with a global leader in exploration and production (E&P) science…
BP’s corporate investing arm BP Ventures has awarded US$20 million in Series B funding to artificial intelligence (AI) and cognitive computing firm Beyond Limits to adapt and deliver industrial-grade AI software, used in deep space exploration…
KBR and IBM have agreed to collaborate on the development of digital products and services to help oil and gas firms reduce costs and increase profit, reliability and safety. KBR says petroleum organizations require new levels of innovation…
Image from Weatherford. Weatherford International has commercially released the ForeSite production optimization platform at the Weatherford Enterprise Software Conference. The ForeSite…
Operators have their sights set on digital, but it’s no walk in the park, from unravelling current operating systems to accessing the computing power needed. Elaine Maslin reports. Greg Hickey…
BP says it has made “a major breakthrough” in seismic imaging that has identified more than 200 MMbbl of additional resources at its Atlantis field in the deepwater Gulf of Mexico. Atlantis. Image from BP…
Eni started up its new HPC3 (high performance computing) in the Green Data Center in Ferrera Erbognone, Italy. HPC3 allows Eni to fully support all the activities in the exploration and production sector. Together with the co-existing HPC2 system…
ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir…
