Digital oilfield market projected to reach US$38.49bn by 2024
According to global market research firm MarketsandMarkets, the digital oilfield services and processes market will grow from an estimated US$24.6bn in 2014 to US$38.49bn by 2024
Technology
ADNOC and Total partner to map oil and gas reserves in the UAE
The Abu Dhabi National Oil Company (ADNOC) has partnered with French oil major Total to work on a Digital Rock Physics (DRP) project that would aid in mapping oil and gas reserves in the UAE
Lamprell delivers third jack-up rig to NDC in UAE
Provider of fabrication, engineering and contracting services to oil and gas industry Lamprell has announced that it has completed the construction of a further jackup drilling rig Shuwehat for Abu Dhabi’s National Drilling Company (NDC) and delivered it to the company
GMS awarded first SESV contract in MENA region
Offshore contractor Gulf Marine Services (GMS) has been awarded the first contract award for self-elevating support vessel (SESV) GMS Shamal by a national oil company in the MENA region
Advanced big data tools can help monitor pipelines and equipment
USA-based management consulting firm Bain and Company reported that big data analytic tools could help oil and gas producers monitor pipelines and equipment, enabling a more predictable approach to maintenance
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