Forum Energy Technologies (FET), an international oilfield products company, has entered into a partnership with iSURVEY group, to supply its latest VisualSoft vessel installation system on the NKT Victoria, which is the world’s most advanced cable laying support vessel

ABB announced on 3 July that it has agreed to acquire the mission-critical communication business of the KEYMILE Group to strengthen its communication networks portfolio

The acquisition will bring with it key products, software and service solutions, as well as research and development expertise. These will further enhance ABB’s industry-leading digital offering, ABB Ability, by adding extremely reliable communications technologies that are essential to maintain today’s dynamic and complex digital electrical grids. The transaction is expected to close during the third quarter of 2017. 

KEYMILE is headquartered in Hanover, Germany, with 350 employees globally and was founded in 2002 through a merger of three technology companies in Austria, Germany, and Switzerland. It is a leading manufacturer of mission-critical and broadband telecommunication solutions, with installations across 100 countries.

Reliable information is key to quick and accurate decision making in today’s increasingly automated world; this is particularly true of sprawling, connected networks. The operation of mission-critical systems such as electrical grids requires communication networks with unparalleled performance and robustness based on special technology, protocols, and software. KEYMILE’s communication portfolio is geared to meet the demands of network operators for reliability, availability and cyber security, making KEYMILE a leader in the field of mission-critical communications.

“ABB is a global leader in communication networks for utility customers. The acquisition of KEYMILE’s mission-critical communication business will strengthen this position and extend our market reach in the industrial, transportation and infrastructure sectors,” said Claudio Facchin, president of ABB’s Power Grids division. “This move supports our growth plans and digitalization push as part of our ABB Ability offering, as we strengthen our position as the partner of choice in enabling a stronger, smarter and greener grid.”

KEYMILE’s mission-critical communication business base includes network operators of energy grids, railways, oil and gas pipelines, as well as public authorities. The 120 employees of the acquired business will join the Grid Automation business unit of ABB’s Power Grids division.

Smart transportation and healthcare will be key deployment areas, according to Frost & Sullivan’s Digital Transformation team

In January 2016, Sulzer completed the acquisition of the Ensival Moret pump business and brand from the Moret Industries Group

CCG wrote this article, which was published in the EAGE Daily News, and promoted the topic at the EAGE show in Paris last week

Geoscientists in the oil and gas industry face many challenges in their quest to de-risk and drill the best wells and more confidently forecast production. CGG GeoSoftware geostatistical seismic reservoir characterisation solutions are powerful allies in successfully tackling these complex subsurface challenges.

Two GeoSoftware solutions, HampsonRussell GeoSI and Jason RockMod, overcome limitations of conventional well-based reservoir modeling. Using seismic inversion, they ensure that the high-resolution model is accurate not only at the wells, but also between them. The limitation of seismic resolution associated with deterministic seismic inversion is lifted because geostatistical methods such as GeoSI and RockMod integrate data at different scales, including well log data. Geoscientists can easily generate multiple plausible realisations that help assess uncertainty in the reservoir model and decide whether to plan a new well location or select scenarios for flow simulation. 

Fully integrated into the HampsonRussell suite, GeoSI is used to perform advanced follow-on studies after deterministic inversion studies with Strata. GeoSI is easy to learn and use, yet powerful and feature-rich. Using seismic angle stacks, GeoSI inverts for P- and S-Impedance and generates multiple realisations of elastic properties using Sequential Gaussian Simulation (SGS). Following this, facies are obtained with Bayesian classification, and facies bodies are extracted from individual realisations. For facies of interest, geoscientists can generate a predicted probability volume and facies volumes at selected quantiles (e.g. P10, P50 and P90) using the multiple high-resolution realisations generated by SGS. Generating a large number of realisations for this process is fast, and a ranking tool based on net pay is included to select the realisations to use in further processing. With GeoSI, you quickly gain insight into the uncertainty in the reservoir. Coming soon, HampsonRussell 10.3 will increase performance on models with large numbers of layers and create facies maps.

Jason RockMod is the most advanced technology for providing reservoir models in corner point grid (CPG) for static and dynamic modeling. Stochastic inversion in RockMod is based on the Markov Chain Monte Carlo (MCMC) algorithm.  Facies distribution within a reservoir is a major source of uncertainty in modeling reservoir properties and flow, and RockMod excels at identifying facies bodies. The multi-level facies modeling tool’s flexibility allows for a complex a priori facies model with geological context. During inversion, facies are simultaneously inverted with elastic and reservoir properties through rock physics models. Facies ‘interpretations’ can therefore be very subtle: bodies do not have to stand out everywhere against their surroundings. Faint or invisible features can be hypothesised and synergies exploited between facies and continuous properties, giving more accurate results. All types of seismic data can be used for the inversion: time or depth seismic (angle or offset stacks) as well as PP-PS, 4D or azimuthal data. 

After generating multiple realisations, the ranking tool helps select realisations for direct transfer, with or without upscaling, to a third-party CPG. Coming soon in Jason 9.7 are a streamlined user interface for 4D, Azimuthal, and PP-PS inversion, and a tool to easily generate multiple scenarios and fully understand all uncertainties associated with the reservoir characterisation project.

Today’s reservoir challenges span relatively simple to highly complex scenarios within a backdrop of limited budget and geoscientific resources. Operators are asking what level of reservoir understanding is good enough to reduce uncertainty to an acceptable level before proceeding with a project. The scalability in GeoSoftware’s offering for geostatistical seismic