A new survey of 100 global oil and gas executives found the majority is preparing to accelerate investments in digital technologies, primarily to double down on cost-saving ambitions.
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Articles from Digital
Halliburton, Microsoft Sharing Big Data to Digitally Transform Oil, NatGas Industry
Taking a page from one of its top competitors, Halliburton Co. said Tuesday it plans to combine its oilfield services (OFS) wizardry with Microsoft’s data capabilities to drive a “digital transformation” across the oil and natural gas industry.
August 22, 2017
BP’s AI Investment Pioneering Oil, Gas Exploration to Infinity and Beyond
The investment arm of BP plc is taking a $20 million bet on a California-based artificial intelligence (AI) and cognitive computing company to enable transferring industrial-grade software now used in deep space exploration to the oil and gas sector.
June 7, 2017
GE Collaborating With Noble Corp. to Digitize Offshore Fleet
As the offshore increasingly moves to compete with the monumental efficiency gains made on land, General Electric (GE), whose takeover of Baker Hughes Inc. is in progress, is collaborating with Noble Corp. plc to improve its rig fleet using digitized solutions.
March 28, 2017
GE Oil & Gas Tie-Up With Baker Hughes Slated For Mid-Year Completion
General Electric (GE) reported “some firming” in the oil and gas market during the final three months of 2016, but the energy unit’s results likely will remain challenged through June, management said Friday.
January 20, 2017
BP, GE’s ‘Intelligent’ Offshore System Designed to Boost IQ of Oil, Gas Operations
BP plc and General Electric on Tuesday launched a collaborative digital solution system designed to improve the supermajor’s oil and natural gas production operations worldwide, beginning with a pilot at an operating hub in the deepwater Gulf of Mexico.
November 15, 2016
Energy Operators Still Cite Digital Tech Investments as Keys to Improve Wells, Capital Efficiencies
Upstream operators may be scrutinizing their dwindling finances, but they haven’t stopped investing in digital technologies to improve well completions and capital efficiencies, according to a new global survey.
March 9, 2016
High Tech Move to Oilfields Improving Production, Efficiency
Hydraulic fracturing coupled with horizontal drilling proved to be a game changer for the oil and natural gas industry, and today, operators are harnessing digital technologies that are improving their prospects even more.
December 30, 2015
Energy Department Hit by Hackers
A “cyber incident” at Department of Energy (DOE) headquarters in Washington, DC, in mid-January targeted the agency’s network “and resulted in the unauthorized disclosure of employee and contractor” information.
February 5, 2013
El Paso Sells Tech Center for $140M
El Paso Corp. said Tuesday that it has sold its Lakeside Technology Center in Chicago to Digital Realty Trust Inc., which resulted in $140 million in cash at closing. The deal also offers the potential of additional payments to El Paso based on future rental opportunities and other considerations.
June 1, 2005
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