NOBLE TO PARTNER WITH GE ON THE DIGITAL RIG SOLUTION

Noble Corporation and GE jointly announced a partnership to collaborate on an advanced data analytics system for offshore drilling rigs known as the Digital Rig solution. The Digital Rig solution aims to significantly improve the operational productivity of Noble's drilling rigs. By utilizing data analytics to make asset management more efficient, the Digital Rig solution will allow Noble to better manage the asset lifecycle and provide a more productive drilling operation for customers. The agreement calls for GE to initially deploy its latest digital asset performance management system on four Noble drilling rigs as part of a fleet pilot program. The expected efficiencies captured through the implementation of the Digital Rig solution target a 20 percent reduction in repair and maintenance expenditures across the pilot rigs. The 'data-driven drilling' model created by combining Noble's operational knowledge with GE's advanced data analytics system will have a transformative impact on the entire drilling ecosystem, including: • Enhanced Drilling Process Efficiency – Foresight of asset anomalies and drilling process deviations to reduce operational disruptions and enhance performance consistency. • Shift to Predictive Asset Management – Redefinition of maintenance strategies, with a focus on predictive asset management to achieve long-term, sustainable operational expenditure reductions across the fleet. • Reduction of Third-party Service Costs – Anytime, anywhere rig visibility and insights that leverage the one-to-many impact of shore-based experts to reduce third-party service costs. In addition, the Digital Rig solution will provide real-time asset data to onshore experts around the globe. These experts will be able to actively monitor aspects of the drilling process and will have foresight and visibility into the condition of the assets. By allowing onshore experts to remotely diagnose and advise offshore personnel of issues before they occur, there is a potential to reduce third-party service costs. (Source: Noble Corp.)

ENGIE TO SUPPORT THE INTERNET OF THINGS REVOLUTION

March 15, 2017

ENGIE is supporting the energy and technology revolution in companies and regions. The Group has just introduced two enormous networks for the Internet...

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WARTSILA INTRODUCES SmartPredict

March 15, 2017

The technology group Wartsila launches its latest innovation SmartPredict at this year’s Seatrade Cruise Global exhibition in Fort Lauderdale, Florida...

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WOOD GROUP BAGS MAD DOG 2 CONTRACTS

March 14, 2017

Wood Group has won two separate contracts related to BP’s Mad Dog 2 project providing engineering services to further develop deepwater production. Wood...

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WOOD GROUP AND AMEC FOSTER WHEELER TO MERGE

March 14, 2017

Wood Group is to merge with AMEC Foster Wheeler in a deal which will see AMEC FW taken over by Wood Group for £2.2 billion. The deal creates a £5 billion...

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SUBSEA 7 ACQUIRES SEAWAY HEAVY LIFTING

March 14, 2017

Subsea 7 announced the acquisition, from K&S Baltic Offshore, of its 50% shareholding in Seaway Heavy Lifting. Following signing and completion, after...

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TGS ANNOUNCES CARLSEN 3D PROJECT IN SOUTHWEST BARENTS SEA

March 14, 2017

TGS announces new multi-client acquisition project, Carlsen 3D in Barents Sea, Norway. Carlsen 3D (CAR17 3D) is a 5,490 km2 multi-client survey in open...

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SEADRILL: WEST MIRA ARBITRATION SETTLED

March 13, 2017

Seadrill has reached a settlement agreement with Hyundai Samho Heavy Industries in relation to the West Mira arbitration. Seadrill will receive a cash...

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AREVA: FACILITIES DISMANTLED AT CADARACHE MOX PLANT

March 13, 2017

Areva has completed clean-up and dismantling operations on the facilities belonging to the former MOX fuel fabrication plant in Cadarache, southeastern...

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SHELL ABANDONS THE CANADIAN OIL SANDS

March 13, 2017

Shell will sell to a subsidiary of Canadian Natural Resources its entire 60 percent interest in AOSP, its 100 percent interest in the Peace River Complex...

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INEOS SHALE ACQUIRES ENGIE SHALE GAS LICENCES IN UK

March 13, 2017

INEOS Shale, the onshore division of INEOS Upstream, has completed the acquisition of the entire UK onshore Petroleum Exploration and Development Licence...

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STATOIL CLIMATE ROADMAP

March 12, 2017

The climate roadmap unveiled by the Norwegian giant Statoil, details its targets for CO2 emission reductions and improved carbon intensity, energy efficiency...

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IEA – GLOBAL OIL SUPPLY TO LAG DEMAND AFTER 2020

March 11, 2017

Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according...

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