New data analytics platform offers subsurface data insights
Katalyst Data Management has released its Katalyst 360 data analytics platform, which provides a 360-degree view of how subsurface data assets are being utilized within an organization. Katalyst 360 greatly expands the utility of Katalyst’s data management solutions, giving oil and gas companies the ability to gain greater insight into their valuable subsurface data assets. The platform features analytics dashboards that are synchronized to an oil and gas company’s subsurface data. The platform comes with ready-to-use dashboards that display multiple attributes such as project status, data completeness and process efficiency. Users also have the ability to easily create and customize their own dashboards for analytics specific to their needs. EP companies can easily extend their understanding of their data and draw insights from the entirety of their subsurface data investment. The new analytics platform was built for Katalyst Data Management’s iGlass multi-cloud database, which has more than 80 petabytes of subsurface data under management. Subsurface data managed by iGlass feeds the Katalyst 360 analytics environment, and plans are to further enrich the platform with oil and gas operational data, economic and production data as well as public data. The goal of Katalyst 360 is to enable oil and gas companies to use analytics to implement predictive and prescriptive actions.
Companies partner to transform HSE management using AI
Lloyd’s Register has partnered with STC Global to use artificial intelligence (AI) to unlock insights from the vast amounts of incident data captured by HSE functions, which is left untapped. Leveraging complementary expertise, the partnership will be beneficial for HSE professionals by integrating natural language processing AI and root cause analysis technologies. As part of the development of its integrated digital HSE program for clients, Lloyd’s Register will leverage its AI technology, LR SafetyScanner, that is built to ingest large amounts of data and then cluster them to provide HSE professionals with actionable insights across 24 hazard categories. Similarly, STC Global will apply COMET, a progressive tool in the field of incident investigation and root cause analysis. Some of the key benefits of combining the two technologies will include the ability to capture recurring systemic root causes and commonly occurring root cause clusters; map out hazard hot spots and emerging trends to focus improvement strategies and prevent incidents in the future; and create safer and more profitable work environments. The outputs from the partnership will help HSE professionals to better identify and understand the underlying causes of HSE trends, patterns, systemic problems and latent dangers. By developing a tool that provides a holistic, end-to-end view of past, present and potential incidents, HSE professionals will gain a comprehensive understanding of the key hazards associated with each incident in real time. Once deployed, HSE professionals will be able to gain deep insight into the where and why of safety issues, ensuring each can be addressed more efficiently and effectively.
Digital solution offers improved data-driven maintenance strategies
Yokogawa has released Sushi Sensor, an OpreX asset management and integrity wireless tool with advanced artificial intelligence (AI) analytics via GA10 software that make it ideal for Industrial Internet of Things (IIoT) plant asset management applications. The tool addresses a growing need for efficient and effective online collection of equipment data across industrial facilities via wireless sensors for early equipment failure detection. The Sushi Sensor combined with AI GA10 software transforms a reactive maintenance process to one that is proactive and condition-based. By leveraging wireless technology, the tool reduces costs and logistical challenges for early equipment failure detection to deliver enhanced plant safety, reliability and profitability. The Sushi Sensor, with long range wide area network (LoRaWAN) communication technology and advanced analytics from GA10 software, enables the digital transformation of rotating equipment asset management. Approved by testing and standards agency for operation in hazardous areas, the Sushi Sensor is a compact wireless device providing online vibration and surface temperature measurement in machines and process equipment. Via LoRaWAN, the Sushi Sensor efficiently communicates digitized measurements to Yokogawa’s advanced AI analytics environment. The tool provides easy installation/setup, environmental resistance and monitoring versatility via on-premise servers or the cloud.
Companies partner to bring natural language processing to software
mCloud Technologies Corp. has entered into a partnership with Aiqudo Inc., leveraging Aiqudo’s Q Actions Voice AI platform and Action Kit SDK to bring new voice-enabled interactions to the company’s AssetCare solutions for Connected Workers. By combining AssetCare with Aiqudo’s powerful Voice to Action platform, mobile field workers will be able to interact with AssetCare solutions through a custom digital assistant using natural language. In the field, industrial asset operators and field technicians will be able to communicate with experts, find documentation and pull up relevant asset data instantly and effortlessly. This will expedite the completion of asset inspections and operator rounds using hands-free, simple and intuitive natural commands via head-mounted smart glasses. Professionals will be able to call up information on demand with a single natural language request, eliminating the need to search using complex queries or special commands.
Remote subsea inspection technology overcomes challenges
Integrated technology and inspection company, MCS, has released a new system that allows an entire offshore inspection campaign to be delivered remotely. The Remote Inspection System (RIS) utilizes sophisticated data compression and transfer as well as 3D imagery and data capture to move all work completed from an offshore vessel inspection container onshore. The system overcomes travel restrictions and ensures safety of people by allowing work to be completed anywhere, including at home, with live video feeds and clear voice communication. The RIS overcomes potential challenges caused by the pandemic, saves money and allows inspection campaigns to be completed three times faster compared to a traditional offshore team. As the operation can be completed entirely onshore, it allows teams to work only during hours of operation, saving on mobilization and demobilization, transit and weather delays. RIS also offers complete flexibility. Once the system has been set up on a vessel, RIS can be used instantly by the request of the client, even on very short notice.
New tool uses data analytics for tracking measurement of liquids and natural gas
W Energy Software’s new oil and gas measurement product line, which is under development and expected to be commercially available by year-end 2021, will track liquids and natural gas measurement data across the energy value chain. WE Measure will provide upstream and midstream companies with essential data management capabilities to monitor gas and liquid measurement data from the wellhead through production, storage, transportation, processing and points of sale. Additionally, the measurement tool will enable companies to warehouse field data in the cloud, validate measurement data, track product quality, and balance gas and liquid volumes. The tool will enable existing clients to integrate measurement data with their W Energy Software solutions and drive new operational and cost efficiencies. WE Measure will provide upstream and midstream companies with a secure data warehouse for centrally managing volume, energy and product quality measurement data in the cloud, integrating large numbers of SCADA data sources and streamlining meter data analysis. The tool also will provide processes and functionality to validate measurement data, provide volume balances, deliver clear audit trails and ensure compliance with energy industry, regulatory and accounting standards.
Editor’s note: The copy herein is compiled from press releases and product announcements from service companies and does not reflect the opinions of Hart Energy. Submit your company’s updates related to new technology products and services to Faiza Rizvi at firstname.lastname@example.org.
2022-05-16 - Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.
2022-03-02 - Continental Resources agreed to commit $250 million to Summit Carbon Solutions as part of a strategic investment in the construction of the largest carbon capture and sequestration project of its kind in the world.
2022-02-28 - The acquisition of Great Western Petroleum, a privately held D-J Basin operator owned by affiliates of EIG, TPG Energy Solutions LP and The Broe Group, boosts PDC Energy’s D-J Basin position to roughly 230,000 net acres.
2022-03-10 - Petro-Hunt completed the acquisition of predominantly operated oil and gas production and 21,430 net acres of leasehold in the Delaware Basin from Admiral Permian Resources, according to a recent company release.
2022-03-07 - The combined company, to be led by Oasis CEO Danny Brown, will operate a premier Williston Basin position under a new name.