Tools that provide operators with solutions to impact production on their existing assets immediately.
Visualization software speeds up the time-demanding process of monitoring and analyzing well data throughout each day.
Odfjell Drilling improved rig operations, developed a new business model and easily shared rig data with its clients using 4Subsea's Internet of Things sensors in conjunction with its data analytics platform to digitally enhance its global rig operations.
Returns must improve for the oil and gas industry to remain a viable target for capital investment.
The problem is companies in this industry may seem like they are a part of the technology revolution by using Excel spreadsheets and email versus paper-based forms, but there's a fundamental misunderstanding of what digital transformation truly is.
The GeoSphere 360 service uses a unique combination of advanced cloud and computing solutions and digitally enabled hardware to acquire 3D electromagnetic data.
The industry could achieve an 'easy win' in drilling technology integration by being transparent about the data they collect.
Permits and rigs will always be part of the energy intelligence mix. But just as every energy company had to become more technologically savvy to survive the past two years, this new upcycle will require adopting new intelligence technologies.
RED President Steve Hendrickson discusses the need for better and more widely available open-source software in the upstream industry.