Information Technology

Big Data investments to rise to optimise efficiency in oil and gas industry

Big data-accentureDespite current lower crude oil prices, most companies in oil and gas industry across the globe plan to increase investments in digital technologies, according to new survey by Accenture and Microsoft

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Nimbix cloud platform assists in tailored workflow

NimbixNimbix’s cloud platform JARVICE brings to big data compute jobs such as computational fluid dynamics (CFD) on oil and gas structures

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Seismos secures US$4mn funding to roll out oil and gas analytical tools

SeismosUS-based provider of real-time subsurface fluid flow monitoring system Seismos has raised US$4mn to roll out its data analytical products for oil and gas industry

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Oil and gas cloud applications market worth US$5.1bn by 2019

report2Global cloud-based applications in oil and gas market is expected to grow from US$2.7bn to US$5.1bn with CAGR of 13.6 per cent by 2019, according to new report by MarketsandMarkets

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‘Big data tools can boost oilfield performance up to eight per cent more’

BCWith big data tools, oil and gas producers can capture more detailed data in real-time at lower costs, which can help them improve oilfield and plant performance by six per cent to eight per cent, according to a research by Bain & Company

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