Leading companies and service providers in digital oilfield concept #OilmanNEWS Innovation Oil and Gas News Software Technology 

The Leading Oil and Gas Companies and Service Providers to Adopt Digital Oilfield Technologies Concept

The digital oilfield concept in the oil and gas industry deals with the application of digital oilfield technologies to processes and workflows in order to maximize productivity, reduce costs, and minimize risks. The adoption of digital oilfield technology allows oil and gas companies to create a ‘digital twin’ that replicates the performance of an oilfield on a computer. Several multi-national… Read More
Implico acquires Dutch cloud specialist Brainum #OilmanNEWS Mergers and Acquisitions Oil and Gas News Press Release Software 

Implico Acquires Dutch Cloud Specialist Brainum

Bundled expertise for the digitization of the oil and gas industry Hamburg/Utrecht – The international software and consulting company for the oil and gas sector, Implico, further expands its leading position in the tank storage market. Implico acquires the Dutch IT solutions provider Brainum. The merger brings together the innovation programs of both companies, especially in the future-looking areas of… Read More
Planning for IMO 2020: The Cost of Non-Compliance #OilmanNEWS Midstream Offshore Oil and Gas News 

Planning for IMO 2020: The Cost of Non-Compliance

On January 1, 2020, the new International Maritime Organization’s regulation—dubbed “IMO 2020”—for sulfur reduction from 3.5% to 0.5% will go into effect. The regulation stipulates that oceangoing vessels must use either a cleaner bunker fuel, have on-board gas stack scrubbers to clean the higher sulfur fuel or use an alternative marine fuel such as LPG, LNG or methanol. With the… Read More
Data centers provide pivotal role in data processing and warehousing in the oil and gas industry #OilmanNEWS Data Oil and Gas News Technology Upstream 

Data Centers Provide Pivotal Role in Data Processing and Warehousing in the Oil and Gas Industry

Data management has become an important theme in the oil and gas industry as the volumes of data generated by the industry have increased significantly, thus driving the demand for high-performance data storage and processing solutions. The upstream sector, in particular, is contributing to the bulk of the data generated from oil and gas processes. In order to facilitate superior… Read More
W Energy Software Celebrates Its Tenth Anniversary and Unveils New Business Name #OilmanNEWS Midstream Oil and Gas News Press Release Software Upstream 

W Energy Software Celebrates Its Tenth Anniversary and Unveils New Business Name

TULSA, OKLA. – W Energy Software (formerly Waterfield Energy), the emerging leader in upstream and midstream ERP software, is celebrating its tenth year of business serving more than 100 companies across the energy value chain. The anniversary coincides with a year of rapid increase in market share, strategic acquisitions, and rapid organizational growth to meet demand for the company’s cloud-based ERP… Read More
Study forecasts more increases in US oil production #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Study Forecasts More Increases in US Oil Production

Even though there appears to be signs of weakening in the crude oil and natural gas production boom in the U.S., a new report from the Energy Information Administration (EIA) predicts continued production increases through 2020. EIA revised its Short-Term Energy Outlook this week forecasting a 119,000 barrels per day (b/d) increase in oil production in 2020 over 2019. EIA… Read More
Increasing emphasis placed on asset management in oil and gas operations required, says GlobalData #OilmanNEWS Oil and Gas News Technology 

Increasing Emphasis Placed on Asset Management in Oil and Gas Operations

In view of the increasing competition and narrowing margins among oil and gas companies, asset management is obtaining greater relevance in enhancing operational efficiencies, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Asset Management in Oil & Gas’, discusses the growing necessity to implement a comprehensive asset management strategy in the oil and gas… Read More
#OilmanNEWS Midstream Oil and Gas News Technology 

Tracking America’s Exports Key to Understanding Future of Hydrocarbons

Austin, TX – Enverus, the leading energy SaaS and data analytics company, released an update on U.S. hydrocarbon exports showing the impact of recent infrastructure additions on U.S. exports of crude oil, liquified natural gas (LNG), and natural gas liquids (NGL). In the update, Enverus leveraged vessel location data to provide a lower latency view on U.S. exports. Tankers, amongst… Read More
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