Wood Group is collaborating with the Centre for Applied Data Analytics (CeADAR), located at University College Dublin (UCD), to launch a new data analytics capability. Wood Group Kenny (WGK) will work with CeADAR to develop predictive…
The future of oil and gas technology looks increasingly automated, digital and smarter according to a new technology outlook report published by DNV GL. Image from DNV GL. The…
Wood Group acquired privately-owned, Australia-based SVT Engineering Consultants (SVT) adding a global vibration, dynamics and noise (VDN) engineering service line. SVT, with headquarters in Perth, provides piping and rotating equipment vibration…
The lack of automation in the oil and gas industry is a puzzle to Brian Evans from Curtin University, Australia. Elaine Maslin learned how he hopes to redress the situation. Professor Brian Evans…
Total has laid claim to having the oil and gas industry's largest super computer after boosting the computer power of its system up to 6.7 petaflops - or the equivalent to 80,000 laptops combined. The Pangea super computer's storage capacity has also been increased…
Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil and gas professionals (45%) already see solid or high potential for big data and analytics to transform the operating efficiency of the industry in 2016…
The hype around buzzwords like big data and data analytics has created both believers and skeptics. Wary players in the offshore industry have adopted a wait-and-see approach, hoping clear business solutions will solidify. In dealing with disruptive technology…
Henrique Paula, of ABS, explains how data analytics can be used to improve safety, environmental protection, operational efficiency, and profitability in emerging energy markets such as Mexico. One of the most promising and legitimate…
Big data is not just for the seismic segment. Elaine Maslin takes a look at other areas, such as condition monitoring, where the industry could make significant gains. A view of the server room at BP’s Center for High-Performance Computing…
US-based Verisk Analytics completed the US$2.8 billion (£1.85 billion) acquisition of UK-based Wood Mackenzie (WoodMac), the data analytics and commercial intelligence company for the energy, chemicals, metals and mining verticals. “We’re pleased to have completed the acquisition of WoodMac…
GE Oil & Gas is expanding its oil and gas business, according to a group of GE executives speaking at this week's Offshore Technology Conference (OTC) in Houston. The company is focusing more closely on its clients’ needs and is expanding…
Siemens is opening its new oil and gas headquarters in Houston. Siemens managing board member Lisa Davis, who leads Siemens’ oil and gas and power generation businesses, will be based in the West Memorial Drive office in Houston’s energy…
An American data analytics and risk assessment firm based in Jersey City has bought Edinburgh, UK-based energy and mining industry analyst Wood Mackenzie. Verisk Analytics has agreed to buy the firm for US$2.8 billion from owners Hellman & Friedman and other Wood Mackenzie shareholders…
Other than the idea of keeping operators safe, Formula One racing has quite a bit in common with the manufacturing automation industry. As an automaker first focused on Formula One and now on other industries like energy, health and wellness…
Bruce A. McCullough was selected to succeed Thomas K. Sneed (pictured) as VP and CIO of Marathon Oil, beginning June 17, 2013. McCullough joins Marathon Oil from Anadarko Petroleum Corp. where he is currently the director of Global Business Systems…
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