The industry is still just “scratching the surface” of what can be achieved through greater access to data.
The oil and gas sector is assessing the range of new skills that will be required as it looks ahead to the next 20 years.
Oil companies must put their heads together to prevent a “battle for data ownership” erupting, a corporate finance expert said today.
Digital technology and data could solve many of the oil and gas sector's "broad challenges", according to Petrofac's head of strategy.
Offshore regulator the Oil and Gas Authority (OGA) has said the industry is showing an “insatiable appetite for transparent data” following the latest licensing round.
The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable. But their exploration customers are essentially saying hands off to anything coming out of their wells, including the streams of zeros and 1s.
We know we need to be more clever with our data, especially when you look at the cost of traditional enterprise storage.
Baron Oil said steady progress is being made on the seismic acquisition of data onshore Peru. The company said GSS began the onshore data acquisition last month as it looked to collect the first ever 2D seismic programme on Block XXI.
Although the recent data breach of four million customers has placed Talk Talk in the media limelight, it’s by no means the only organisation to have had its security compromised in 2015. Every second of everyday a hacker is trying to infiltrate company networks and, with alarming regularity, we are seeing them succeed. Despite this, it’s not all doom and gloom. The Talk Talk, Ashley Madison and Barclays breaches have generated more than just concern and panic. They have generated awareness. The more businesses know what to look out for and know how to protect themselves, the less likely a hacker is to succeed. Knowledge is power, as they say, and in this case it couldn’t be truer. Simple precautions can help, and everyone can benefit from straightforward advice.
This graphic shows every oil and gas site around the world. The data, collected by the Peace Research Institute in Oslo, Norway, gives a mapped visualisation.
Robert Gordon University (RGU) will launch a new technology centre focused on cultivating data analytics for the oil and gas sector.