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Drilling Rigs & Automation

EM&I introduces ’20 year plan’ for hull inspections

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Most floating offshore assets have to have periodic surveys every 2.5 and 5 years to satisfy class society requirements. This can disrupt normal operations, as the tanks, valves and hull must be made available for inspections at these times. The concept of the “20-year plan” is a direct result of EM&I‘s ODIN diverless Under Water Inspection in Lieu of Drydocking (UWILD) technology, not requiring divers to carry out underwater hull surveys at the prescribed periods, allowing the inspections to be scheduled over a 20-year period. This approach benefits both the operators and class societies, as the operator does not suffer from disruptions to normal operations, and the class society get regular and high-quality information about the asset. Every aspect of the ...

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Open-source technology could reduce time and cost required to develop digital technologies

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By Kelli Ainsworth Robinson, Associate Editor Open-source software has enabled other industries to fast-track technology development by allowing companies to build on the work that other companies have done. “It has accelerated growth for so many other industries, and it’s about time that we did the same,” Theresa Baumgartner, Drilling Research Engineer for Shell, said at the Q2 2018 IADC Drilling Engineers Committee (DEC) Technology Forum in Houston on 13 June. Open-source software, which could be used for real-time drilling analytics and automation, may help operators and drilling contractors quickly adopt these technologies and build onto them with new algorithms. However, if open source is to become common place in the industry, companies must change how they view competition and ...

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Transocean keeps focus on business strategy, customer alignment as it embraces ‘creative destruction’ through digital transformation

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Sometimes innovation emerges from new technologies that enable a novel product offering or expansion of an existing product line. However, the most successful innovation takes root in new thinking, a new twist, a new angle or a paradigm shift that is aligned with business strategy to deliver value. As businesses and industries digitally transform, the driving force should be business strategy, with technology playing the fundamental role in the innovation process...

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Drilling in the digital age: A new world begins to take shape

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In a digital world, it’s software, not big iron, that’s driving hefty changes in well planning and construction, workflows, training, security By Kelli Ainsworth Robinson, Associate Editor In 1965, Gordon Moore, one of the co-founders of Intel, predicted that the number of transistors on an integrated circuit would double every two years. In other words, he believed that computing power would double every two years. According to a study released in 2015 by information technology group Experts Exchange in honor of the 50th anniversary of Mr Moore’s prediction – now known as Moore’s Law –  computing power actually increased a trillion-fold between 1965 and 2015. That means that the smartphones we can fit in our hands today are more powerful ...

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Adoption of data infrastructure, data-centric disciplines empowers OEM in digital transformation

Figure 1: A journey to implement an impactful digital solution can be complex, involving several phases and large amounts of data. Numbers indicated are purely illustrative

Digital journey focuses on developing applications that drive tangible impacts on financial performance By Gilbert Chahine, National Oilwell Varco The performance of original equipment manufacturers (OEMs), service companies, drilling contractors and operators alike will be bolstered through adoption of digitization and data-driven technologies, provided that adoption focuses more on the financial outcome rather than the technological outcome. Such adoption, in fact, is rapidly accelerating, with a large pool of open-source technologies and service providers readily accessible to those looking to make a change. “Digital” must not be a buzzword, though, but rather a meaningful way of impacting cost structures and using data to improve bottom-line – and potentially top-line – financial performance. What is digital and why now? National Oilwell ...

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Blockchain 101: Seven fundamental things to know in the drilling industry

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Technology behind Bitcoin could be leveraged to create more transparency, security and lead to faster contract execution, more collaboration By Linda Hsieh, Managing Editor In November 2017, BP, Shell and Statoil – now known as Equinor – announced their participation in a consortium to develop a blockchain-based digital platform to modernize and transform the management of physical energy transactions, from trade entry to final settlement. Joining the oil and gas companies in the venture were commodities trading groups Gunvor, Koch Supply & Trading and Mercuria, as well as banks ABN Amro, ING and Societe Generale. “Over time, the new venture intends to lead the migration of all forms of energy transaction data to the blockchain, improving data quality, further strengthening ...

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