A new technology provides big gains in helping firms efficiently manage MRO spend and maintain asset bases.
Now is the time to fundamentally change the way the oil and gas industry operates through a greater focus on digital collaboration across the entire supply chain.
Digital well scheduling software helps companies maximize returns on assets.
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.
BP Energy Partners said June 29 it is merging Dallas, TX-based Blue Roads Solutions, and Conroe, TX-based Thigpen Solutions, creating an innovative, full-service, leading player in the virtual pipeline industry.
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.
Quorum Software said on June 18 that Black Bear Transmission LLC (Black Bear) has selected Quorum gas pipeline software, gas measurement software, and measurement services to support its growing operations.