Tag: Digital

Chevron, Microsoft partner for digital transformation from reservoir to retail gas pump

Chevron, Microsoft partner for digital transformation from reservoir to retail gas pump

Volumes, velocity of real time data from reservoir through refineries to retail pump grows at dramatic pace every year Chevron Corporation announced a seven-year partnership with Microsoft Corp. establishing the company as Chevron’s primary cloud provider, accelerating the application of advanced technologies including analytics and the Internet of Things (IoT) to drive performance and improve efficiencies, according to a […]

By November 1, 2017 0 Comments Read More →
Industry-led effort designed to cut costs through digital oilfield revolution

Industry-led effort designed to cut costs through digital oilfield revolution

Digital technology advances creating an almost unlimited range of possibilities – and risks Industries ranging from health care to oil refining have been radically changed by the digital revolution, according to a University of Houston press release. A new initiative has been launched to help accelerate the same digital transformation for exploration and production of […]

By October 25, 2017 0 Comments Read More →
Microsoft, Halliburton collaborate to digitally transform oil and gas industry

Microsoft, Halliburton collaborate to digitally transform oil and gas industry

Voice and image recognition, video processing and AR/Virtual Reality are some of the focus Microsoft and Halliburton announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry, according to a press release. “Halliburton is focused on delivering intelligent cloud solutions to drive the next generation of efficient […]

By September 18, 2017 0 Comments Read More →
Global ‘digital oilfield’ market driven by migration of drilling to unconventional areas -Technavio

Global ‘digital oilfield’ market driven by migration of drilling to unconventional areas -Technavio

Need to update existing and new software will drive demand for software services in global digital oilfield market According to the latest market study released by Technavio, the global digital oilfield market size is projected to grow to USD 32.33 billion by 2021, at a CAGR of close to 5 per cent over the forecast period. This research […]

By February 23, 2017 0 Comments Read More →
Digitalization, sensors dominate new oil/gas technology next 10 years – study

Digitalization, sensors dominate new oil/gas technology next 10 years – study

“The low price of oil and gas today changes the landscape of both offshore and unconventional plays” HOUSTON, TX – A new study from Houston-based consultancy DNV GL says new digital technologies will have a major impact on American onshore and offshore oil and gas production, potentially lowering costs for hard hit E&P companies. Every five […]