Auto Added by WPeMatico
An overview of the operational and financial benefits of optimizing production and field development with real-time downhole data Abstract Traditionally, analytical models and simulation forecasts are made up of many assumptions and have significant error factors. These uncertainties are due to a lack of reliable data on the specific wells and reservoirs which are being …
DIMATE plans to develop ultrasonic gateways to transfer the proprietary data formats of this group of devices to DICONDE and to integrate ultrasonic testing, similar to digital and DICONDE-compliant radiographic testing, into a workflow without media breaks and digital discontinuities. Ultrasonic measurement data, in particular pipe wall thickness measurements, could then be made available to …
How Technology Helps Garner Information from Work Already Done Are you managing your Asset Retirement Obligations (ARO) effectively? Despite software solutions purpose-built for oil and gas companies to manage, track, and calculate ARO, many companies choose to manage their ARO programs using spreadsheets. But as ARO Management has grown in importance and complexity, managing an …
Downhole Monitoring Basics: How utilizing real-time downhole data can help reduce equipment failures and minimize operational spending Operating Costs For Oil & Gas Producers As is the case in any industry, it is critical for oil and gas producers to keep operating costs to a minimum so as to maximize their profitability. Beyond just reducing …
How Real-Time Downhole Monitoring Helps Reduce Operating Costs Read More »
The United States (U.S.) accounts for more than 80% of the energy consumption in North America. The energy industry – among other industries – add their fair share to this energy consumption and also contribute to global warming. These problems affect the planet and they also create additional business expenses – especially for large emitters of carbon …
Canada’s energy sector consists of oil, coal, natural gas, hydroelectricity, nuclear power, renewable resources among other sources of energy. Its energy facilities have contributed around 11.8% to the nominal GDP in 2022 – a significant contributor to the economy. Cyber-attacks and other criminal activities can threaten the operations – and finances – of these organizations having a …
Cybersecurity Challenges in the Energy Industry – Are You Ready? Read More »
As technology continues to transform the Oil & Gas industry, the transition from paper-based processes to digital systems is a logical and beneficial step for job site safety processes. One area that stands to gain significantly from this shift is job safety assessments (JSAs). Traditionally, JSAs have been conducted using paper forms, a method that, …
Embracing Digital Job Safety Assessments: A Modern Approach to Job Site Safety Read More »
By Leonard Herchen & Yuchen Wang Overview: Over the last quarter, oil prices have experienced significant fluctuations. WTI surged above $80, nearly reaching $85, before stabilizing around $78. This volatility has been driven by a mix of supply chain adjustments, geopolitical tensions, and shifts in demand patterns. In the natural gas market, Henry Hub prices …
Your oil and gas company strives for more accurate land asset analysis using overlapping manual and digital processes. This can require a considerable amount of time to manage the data. Poor data management directly affects your time management and operational costs. In fact, it’s commonly reported by land teams that many high-level staff are having …
Integrated Land Management Software Achieves More Accurate Asset Analysis Read More »
Everything you ever wanted to know about utilizing modern downhole monitoring technologies to optimize the development of shale plays. Real-time downhole data is transforming the way energy companies develop complex reservoirs. The accuracy and resolution of pressure, temperature, and acoustic data is providing crucial insights and allowing reservoir and production engineers to better optimize their …
How To Efficiently Develop Fractured Reservoirs With Real-Time Downhole Data Read More »
