Information Technology

Big data to rescue oil and gas companies amidst lower crude prices

IDC-ormeWhile oil prices have dropped under US$50 per barrel, oil and gas companies are turning to big data technologies to save on costs and planning time

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Mtell and MapR deploy big data platform to manage real-time oil and gas data

oilbigEnterprise software providers Mtell and MapR have announced a new big data platform Mtell Reservoir that analyses real-time sensor and historical data alongside maintenance data generated from oil rigs

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Chevron and Schlumberger sign data analytics contract

Schlumberger-ormeOilfield services company Schlumberger has signed a software contract with US-based Chevron to provide access to Petrel E&P software platform across Chevron’s earth science organisation

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GE’s US$100mn software investment for oil and gas production in Saudi Arabia

GE2Multinational conglomerate corporation GE will invest US$100mn in new manufacturing and software analytics programme for the oil and gas industry in Saudi Arabia

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Remote monitoring of oilwell possible with ZTR Control Systems’ telemetry tool

tele2UK-based intelligent equipment solution provider ZTR Control Systems has launched a telemetry tool — Heavy Oil Well Site Monitoring and Control Package — for the oil and gas industry

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