Digital Twin
Article
August 2019
The predictive capabilities of a life-cycle condition-based maintenance and monitoring program benefits drilling contractors and operators by lowering overall costs, reducing risks and enabling greater efficiency managing assets.
News
May 01, 2019
Offshore drilling sees a resurgence with billions planned for investment in new greenfield developments. Digital strategists in the oil and gas sector see the opportunity to leverage new projects to introduce new, more transparent digital workflow processes into their operations.
News
November 26, 2018
Gazprom Neft’s board of directors has reviewed information on further improving the efficiency of the oil business’s operational processes through the use of innovative digital technologies.
News
September 06, 2018
The concept of Digital Twin is not new and it has been around for more than a decade. A digital twin is a complete 360-degree digital replica of a physical asset such as a pump, compressor or entire plant that enables analysis of data and monitoring of systems to catch problems before failures occur, preventing downtime and developing new opportunities for business improvement. Only in recent years, the improved technology and greater clarity on the use cases have accelerated the technology adoption.
News
August 27, 2018
Kongsberg Digital launches their new digital twin at ONS 2018 in Stavanger, Norway, after a successful feasibility study with Equinor.
News
May 31, 2018
eDrilling, a leading provider of drilling and well performance solutions, has announced the results of a study researching the value of using digital twins in well construction and drilling operations.
News
February 22, 2018
Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.
News
January 29, 2018
Lorenzo Simonelli, Chairman and CEO of BHGE, opened up the 2018 BHGE Annual Meeting (BHGE AM) in Florence, Italy, on Jan. 29 with a talk welcoming attendees. The 19th Annual Meeting is a record year for attendance, according to the CEO.
