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
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
Leader in Digital Transformation for Oil and Gas Expands Capabilities with Intuitive Cloud-Based Accounting Solution for Small-Medium Sized Businesses #OilmanNEWS Oil and Gas News Press Release Software Upstream 

Quorum Software Launches OGsys On Demand

HOUSTON – (Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced the release of OGsys On Demand, a cloud-based oil and gas accounting software built to solve the challenges faced by small to medium-sized businesses. OGsys On Demand will be instrumental in driving operational efficiency for small to medium upstream companies that need industry-specific functionality… Read More
The combined companies bring vast experience and expanded offerings to the oil and gas markets #OilmanNEWS Mergers and Acquisitions Oil and Gas News Software Technology Texas Upstream 

WolfePak Software Acquires DocVue to Provide Comprehensive Data Management for the Digital Oilfield

ABILENE, TX – WolfePak Software, a portfolio company of Charlesbank Capital Partners and leading provider of accounting, regulatory compliance and automation software for the oil and gas industry, announced today its acquisition of DocVue, a provider of imaging, document management and workflow software. DocVue will operate as a standalone product division of WolfePak Software, furthering WolfePak’s commitment to deliver best-of-breed… Read More
Oil and gas companies embracing virtual reality technology to enhance operations, says GlobalData #OilmanNEWS Oil and Gas News Software Technology 

Oil and Gas Companies Embracing Virtual Reality Technology to Enhance Operations

Oil and gas companies are analyzing operational data using virtual reality (VR) to enhance their decision-making capabilities, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Virtual Reality in Oil & Gas’, explores the different ways in which oil and gas companies are deploying VR technology to fast-track the process of hydrocarbon discovery, well-planning and… Read More
OspreyData #OilmanNEWS Oil and Gas News Press Release Software Technology 

OspreyData Launches Unified Monitor Product, Jetta Operating VP Confirms the Path is Incremental Adoption of Digital Oilfield

HOUSTON – OspreyData, leader in AI-Based Production Optimization solutions for Oil & Gas, announced today that they are launching the Unified Monitor solution, a component of their Production Optimization Platform, as a stand-alone offering to enable consolidated views of SCADA and Artificial Lift feeds in producing oil and gas wells. The Unified Monitor solution enables an oil company to shorten… Read More
VR technology supports oil and gas plant simulation and skill development #OilmanNEWS Oil and Gas News Software Technology Upstream 

VR Technology Supports Oil and Gas Plant Simulation and Skill Development

Following the rapid adoption of virtual reality (VR) technology in consumer markets, the oil and gas industry is witnessing wide-scale deployment of this technology across its value chain, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Virtual Reality in Oil & Gas’, explores how VR is finding its way into upstream, midstream and downstream… Read More
What You Need To Know Before Starting an ETRM System Implementation Process #OilmanNEWS Oil and Gas News Software Technology 

What You Need To Know Before Starting an ETRM System Implementation Process

Over the last two decades many energy companies that engaged in the purchase and sale of commodities as a matter of course in transacting their day-to-day business elected to implement purpose-built trading and risk management systems. These technology projects were often proven to be more expensive and time consuming than originally anticipated. While a number of factors can and do… Read More
Software and Technology’s Effect on Safety, Operations, and Modernization in the Oil and Gas Industry 2019 September-October Software Technology 

Software and Technology’s Effect on Safety, Operations, and Modernization in the Oil and Gas Industry

In today’s society, technology has become the new norm, with many businesses integrating technological software into their operations, regardless of the industry. Technology has proved beneficial to business in terms of improved operations and cost. The oil and gas industry has also been able to improve operations and reduce costs as a result of technological software. As of recent, technology… Read More
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