Oil and Gas: Innovation, Solutions, Integration, Trends

New technologies are infiltrating the traditional oil and gas industry at an unprecedented rate. New technologies such as artificial intelligence , cloud computing and 3D printing are constantly subverting the traditional oil and gas industry. With the virtual digital currency market go hot, blockchain technology is also getting hot, is considered another major disruptive meaning of the core technology. According to S & P Global Platts' official website , just last Thursday, Standard & Poor's Global Platts announced that it is deploying a proprietary security blockchain network platform to allow market participants in a more efficient and secure environment Weekly stock oil storage data is provided to FOIZ, the UAE's official oil regulator and regulatory agency FEDcom. FOIZ has the largest commercial storage capacity of the Middle East product oil. As the exclusive publisher of FOIZ weekly oil storage data, combined with FEDcom and 11 terminal operators, S...

According to an information from GE's official website, GE and its partner Nobel Corporation jointly launched the world's first digital drilling vessel on Thursday. The goal of the digital drilling vessel is to reduce the operating costs of the target equipment by 20% Failure warning issued before month to improve drilling efficiency (learn more about high efficiency procurement platform for oil and gas click here ). Digital transformation has long been a new term, but the oil and gas industry has not yet widely accepted it until after the oil price downturn in the past few years, digitization has gradually attracted more attention. Today, people are more keen on pursuing higher profits than high volumes, and digitization is one of the tools. The birth of the world's first digital drilling vessel is a solid step forward in exploring and releasing the potential of digitizing at sea. The world's first digital drilling rig Well-known drilling contractor Nobel Co...