Subsea Connect reduces development costs by 30%, which can help unlock more than 16 billion barrels of oil, Baker Hughes says.
ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on June 30.
Weatherford International Plc said June 24 its production optimization software platform increased production by nearly 6,000 barrels per day (bbl/d), boosting revenue by $156 million over three years for a Middle East operator.
BP Ventures has invested $5 million in Satelytics, a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions, the company said on June 23.
Cyberhawk, the global leader in drone-based inspection and creator of iHawk, a cloud-based asset visualization software, said June 22 that it has secured a five-year, multimillion-dollar software contract with Royal Dutch Shell Plc.
The first industry-wide use of a blockchain native network for produced water haulage in the Bakken demonstrates an opportunity for the entire oil and gas industry.
Check out the latest products and services for the upstream oil and gas industry including a remote deployment model by Acoustic Data for a wireless monitoring system to overcome travel restrictions related to COVID-19.
A remote operations center enables performance benchmarking and drilling optimization, improving consistency and performance.
A true digital oil field delivers operational excellence by providing significant advantages in reporting and analytics.