Oil IT Journal

Total Page:16

File Type:pdf, Size:1020Kb

Oil IT Journal Volume 22 Number 6 234th issue 2017 Highlights GBC IIoT in O&G IVAAP microservices Ikon interview INT rolls-out microservices-based back end. CEO software components from More from PNEC Olivier Lhemann reveals the technology under-the- different vendors. We asked Lhemann if Ivaap would ease Blockchain news hood and the potential for interoperability with interoperability with, say, GE’s Pipeline software other frameworks such as GE’s Predix. Predix. He replied, ‘We have Houston-based INT, purveyor of ‘We use the Akka Framework to limited experience with Predix VR revisited software ‘widgets’ that are package our microservices so but as it is based on Pivotal’s MS’ Red Carpet widely used by major upstream that they are highly concurrent, Cloud Foundry, Predix software vendors and by in- secure and resilient. Our applications deployed to the ThinAnywhere back house oil and gas company customers can use other cloud will access external developers has announced technologies to augment the resources via the Open Service Ivaap* a new microservices- functionality of the platform and Broker API, launched last based back end for its geoscience integrate with their own December. Eventually, Open and engineering data services.’ Service Broker could be a good NEXT IN OIL IT visualization and analysis Another early-adopter of bridge between Ivaap and JOURNAL, solutions. microservices is GE whose Predix. We are not quite there EAGE, 2017 The Ivaap framework is designed Predix leverages a suite of yet, but this seems like a good to connect to multiple data ‘discoverable’ microservices. way to proceed in the future.’ More from INT. PARIS streams such as a Witsml server. While cloud-deployed Developers can aggregate, microservices are clearly of * INT Visualization and analyze and display well and interest to IT, the big question Analytics Platform. other data from multiple sources for the business is whether they including Int’s own GeoServer. can will really enhance In this issue: Ivaap is cloud-enabled and interoperability between ‘network-secure’ for remote Editorial 2 collaboration. Microservices Ikon interview, Getting 3 technology, which favors data right lightweight, componentized Flutura & JAG software over monolithic Cgdms, Divestco, 4 applications is cloud-friendly Retired C-level execs (including former ConocoPhil- Statoil, Roxar, 3ESI, and scalable for concurrent CMG, Baker Hughes, lips chairman Archie Dunham), leading VCs back processing, performance and Cerebra AI’s push to oil & gas. IHS Markit high-availability. INT’s compact Software, hardware 5 widgets are well-suited to the Houston-based Jerry Allen forward thinking players who short takes, microservices-style architecture. Group (JAG Resources) has invest in artificial intelligence partnered with AI-focused capabilities like Cerebra. In oil Consortium corner INT CEO Olivier Lhemann told startup Flutura to ‘accelerate the and gas, the risk of digital Oil IT Journal, ‘Ivaap is GBC IIoT/ digital 6-7 revolution’ of artificial inaction is greater than the risk of organized as a suite of services solutions in Oil & Gas intelligence and the industrial failure.’ that are easy to discover and internet in oil and gas. The People, Done deals 8 use. Ivaap leverages Hateos Cerebra allows advanced partnership focuses on the use of which enforces the inclusion of diagnostic algorithms for More from PNEC, 9 Flutura’s flagship Cerebra IIoT hyperlinks within its web equipment health ‘episode’ Blockchain news, platform. responses. The structure of a detection and provides OEMs Siemens, BP Witsml data source, a LAS file JAG Resources is a group of with the ability to scale value Sales, partnerships, 10 or a SQL database can easily be retired energy sector leaders who added offerings across equipment Standards stuff explored by following the links chose to remain active by classes. returned by a request.’ mentoring start-up companies Flutura is backed by ‘leading’ Pipeline news, IDS, 11 bringing ‘innovation, disruptive ‘This means that rather than venture capital firms Vertex Jaspersoft, Open and transformative technologies’ enabling interoperability through Ventures of Singapore, Lumis Inventor, Hololens to the energy sector. the definition of new standards, Partners of Connecticut and Mitsubishi, OSIsoft, 12 microservices offer tools that JAG advisor Archie Dunham Silicon Valley’s The Hive. More Microsoft, Quorum, other developers or partners can (retired ConocoPhillips chair) from Flutura and JAG resources. ThinAnywhere, use to solve their problem.’ said, ‘Competitive advantage in Implico, Actenium the energy marketplace will go to ...www.oilIT.com...www.oilIT.com...www.oilIT.com...www.oilIT.com...www.oilIT.com...www.oilIT.com..www.oilIT.com... 2017 Oil Information Technology Journal http://www.oilIT.com Computing with light! An announcement from MIT researchers on breakthrough computing using ‘photonics’ highlights the potential for analog devices in artificial intelligence. Editor Neil McNaughton recalls earlier work using light to ‘image’ seismics. Unfortunately no longer a ‘politically correct’ use case for MIT! Early on in my career I was a young In the mid 1970s GPS did exist but it was programmable Mach–Zehnder geophysicist in the head offices of a major not very good. In fact although it was interferometers. The system was trialed on EU oil company. One day there was a widely adopted, the first sonar-doppler a ‘typical’ ANN-style problem, speech commotion in room near mine and soon aided marine GPS systems were a step recognition where it performed reasonably the ‘next big thing’ was unveiled, an back from radio navigation. Of which well, scoring a 77% accuracy. optical bench for analyzing seismic data. there were many competing systems. One Commenting the breakthrough Shen said This remarkable tool shone a laser beam of these (unfortunately I can’t remember that the architecture could, perform ANN through a 35mm slide (remember them?) what it was called and can’t find any calculations much faster and using less of a seismic line. The light then passed references), used an analog delay line and than one-thousandth as much energy per through a lens which focused the beam to a a radar type chirp that was broadcast over operation as conventional electronic chips. point. No surprises there. But what was the air. The signal was also sent, as an Energy consumption by the way is a big mind blowing (to me at least) was the fact acoustic surface wave across a solid-state issue in high performance computing. that the information, the pattern of light at device. The distance travelled across the ‘Light has a natural advantage in doing the focal point, represented a Fourier device (at the speed of sound) was selected matrix multiplication, dense matrix transform of the seismic image. For those so that it took about the same time as the operations are the most power hungry and of you who have not come across Joseph radio waves travelling to shore-based time consuming part of AI algorithms.’ Fourier’s chef d’oeuvre, a Fourier beacons (at the speed of light). By cross- And, one might say, of geophysical transform splits information into its correlating the returning radio signal with imaging. In fact the MIT team expects frequency components. A spectrum the output of the delay line, the time of other applications in signal processing. If it analyzer if you like. This laser optical bank travel (and hence the distance from) the wasn’t so politically incorrect these days, split seismic into its spatial (rather than shore-side beacon could be measured very they might have added ‘and in seismic temporal) frequencies. accurately. At least that was the idea. If my prospecting for oil.’ But MIT-GAG is of a memory serves me well the navigation This seemed to me rather fanciful until the long-forgotten past. MIT’s current Energy service was not in operation for very long machine’s champion began sliding optical Initiative, MITEI, is an altogether greener as the GPS brigade got their act together gratings and wedges into the device at the thing, even if though it is funded by oil and soon after the system was introduced and focal point, demonstrating just how gas companies. powerful a filtering device this was. You the rest is history. By the way, after the knock-off device could remove any directional component You may be wondering what the point of across the corridor from my office was in the slide and bring out features ‘hidden all this is in today’s age of digital ‘big’ installed, I would occasionally sneak in the data.’ It was so powerful that it may data. Well, a recent paper in Nature across the corridor and peek into the laser have brought out some features that were Photonics, ‘Deep learning with coherent room. I don’t recall it being used much. In not there at all. nanophotonic circuits’ by Yichen Shen et fact I think if was one of those things that al. from MIT describes the use of an I later realized that this was not exactly the you buy, use and couple of times to amaze optical, analog computer to perform ‘next big thing’ but the last, having been your friends and then forget about. A bit artificial neural network (ANN) ‘deep developed a decade earlier by United like my Panono! Geophysical and sold as the LaserScan. In learning.’ Seemingly, today’s computing the 1960s, (before my time!) this device hardware, despite ‘significant efforts’ is ‘inefficient at implementing neural was of interest to seismic processors, even @neilmcn though digital processing was already well networks.’ Just as the digital computers of established. Digital geophysics was the 1960s weren’t up to some geophysical invented a decade earlier (yes, in the processing tasks. And the solution may 1950s) at MIT’s Geophysical applications again be computing with light. group, MIT-GAG. But the laser/analog As an aside, this kind of photonics is not to device was capable of instant processing at be confused with quantum computing a higher resolution than would have been which is also touted as solution for ANN.
Recommended publications
  • GE's $7.4 Billion Loss, Write-Off on Baker Hughes: Another Bad Bet On
    Kathy Hipple, Financial Analyst 1 Tom Sanzillo, Director of Finance Tim Buckley, Director of Energy Finance Studies, Australasia October 2019 GE’s $7.4 Billion Loss, Write-off on Baker Hughes: Another Bad Bet on Fossil Fuels Q3 Loss, Write-Off Likely to Be $9+ Billion; More Red Ink to Flow, as O&G Has $25 Billion of Goodwill on Balance Sheet Executive Summary General Electric, once a blue-chip stalwart in global markets, now struggles with declining revenues and earnings. One important thread that runs through the tattered cloth of GE’s decline is its misreading of changing dynamics in the energy sector. Throughout the ongoing energy transition, as GE has continued to bet heavily on fossil fuels, many of those bets have turned sour for the company and its shareholders. GE’s Oil & Gas (O&G) division’s 2017 merger with oil services company Baker Hughes was a particularly costly bet, one that epitomizes how GE has been blind-sided by the rapidly evolving energy transition. Over the past year, GE has formally announced it has taken, or will take, losses or write-offs of approximately $9.6 billion (bn)1 in connection with two partial sales of its stake in one of the world’s largest oil services companies, Baker Hughes, a GE company (BHGE). These losses include the company’s $2.2 bn Q4 2018 pre-tax loss on the first sale of BHGE shares in November 2018, and an estimated pre-tax loss 1 All figures are US$ unless noted. GE’s $7.4 Billion Loss, Write-off on Baker Hughes: Another Bad Bet on Fossil Fuels 2 and write-off of an additional estimated
    [Show full text]
  • 74Th Annual Appalachian Gas Measurement Short Course August
    74th Annual Appalachian Gas Measurement Short Course August 5, 6, 7, 8, 2014 Robert Morris University 6001 University Blvd. Moon Township, PA 15108-1189 WWW.AGMSC.ORG Purpose The Appalachian Gas Measurement Short Course was first held in 1938 at West Virginia University. No classes were held from 1942–44 during WWII. The school moved to Robert Morris University in 1976 and is now held annually so people in the industry and government can meet and learn about the field of gas measurement, pressure regulation and odorization. The school seeks to promote increased accuracy of gas measurement and pressure regulation with the aim to further and improve safety, efficiency and appropriate economics so the public will be better served. Class Information A full schedule of over 90 lecture classes is offered in the following 13 sections: • Fundamentals of Measurement and Regulation • Basics of Measurement and Pressure Control • Advanced Metering Low Volume • Advanced Metering High Volume • Pressure Control • Instrumentation and Automation • General Topics • Production and Storage • Gas Quality • Communications and Scada • Odorization • Current Industry Topics • NGL’s—Wet Gas “Hands-On” Workshops Workshops will be presented in 22 sections. Class size is limited but additional students may be permitted to attend as observers. Manufacturers, manufacturer’s representatives or employees shall not attend hands-on presentations conducted by competitive manufacturers. Registration Everyone attending the Short Course and exhibits must register upon arrival and pay a registration fee of $100 per person. • Register on-line before August 1st at www.agmsc.org using a VISA, MC or AMEX. • Mail or fax registration form (back cover) before August 1st, payable by check, VISA or MC.
    [Show full text]
  • Mce Deepwater Development 2016
    MCE DEEPWATER DEVELOPMENT 2016 5-7 APRIL, 2016 Managing the Downturn PALAIS BEAUMONT Through Cost Reductions Collaborating to Realize PAU • FRANCE Economic Benefits WWW.MCEDD.COM Hosted by: SHOW PROGRAM Organized by In Partnership with Supported by Host Letter of Support Release Date: 9 November, 2015 Dear Colleaues, TOTAL RÉFÉRENCES COULEUR TOTAL_brand_block_CMYK The uniue dynamics of our current down cycle in the glo30/01/2014bal oil and gas industry reuires a structural 24, rue Salomon de Rothschild - 92288 Suresnes - FRANCE Tél. : +33 (0)1 57 32 87 00 / Fax : +33 (0)1 57 32 87 87 M100% Y80% Web : www.carrenoir.com M48% Y100% M100% Y80% and fundamental shift in the way we develop our offshore, and spC100%e cM80%ifically deepwater, discoveries. K70% C70% M30% While continuously aiming at improvin industry safety objectives, our common objective is to reduce costs sinificantly in order for deepwater to remain competitive. This will only be achieved thou a step chance in efficiency which reuires reinforced industry collaboration and innovative technologies. MCE Deepwater Development is a leadin industry event focused on brinin together the strategic decision makers within the deepwater oil and gas market. Throu a focused tecnical program, creative networkin opportunities and a comprehensive exhibition hall, the event creates a uniue opportunity for these members of industry to engage in critical dialoue around the future of our industry. Considerin current market conditions and the lon established reutation of MCE Deepwater Development, Total is pleased to host the 2016 event in Pau, France, 5-7 April 201. As a key operator in deepwater oil and gas, Total looks forward to taking full advantage of the opportunities provided durin MCE Deepwater Development.
    [Show full text]
  • Show Program
    MCE DEEPWATER DEVELOPMENT 2017 3-5 APRIL, 2017 Delivering Value, NH GRAND HOTEL Efficiency & Flexibility KRASNAPOLSKY AMSTERDAM WWW.MCEDD.COM SHOW PROGRAM Official Media Supporter Organized by In Partnership with Supported by Arctic Technology Spar TLP CALM Buoy Semisubmersible FPSO/FLNG Export Pipelines Free SCR Standing Riser BOP Control and Power Umbilical Gerneration Buoy Horizontal Tree Subsea Pig Subsea Launcher Transformer High Voltage Power Supply Multiphase Pump Deep Water Subsea Storage Suction Anchor Export Pipeline Separation and Reinjection Raw Water Multiphase Pump Injection Folding on the Tree Mudmat Siding PLEM SDU LEADING THE WAY IN OFFSHORE SOLUTIONS ABS pioneered offshore classification when the first oil rigs moved into the water and today is the world’s premier offshore classification society. We understand offshore challenges and work with industry to develop innovative solutions. At ABS, we are setting standards for safety and excellence. From classing the first offshore rigs to helping owners safely manage the risks inherent in today’s sophisticated assets, ABS is finding ways to help industry push technology frontiers to achieve maximum efficiency and sustainability in accordance with its mission. Contact us today to learn more about how ABS is developing practical and sustainable solutions. www.eagle.org SAFETY | SERVICE | SOLUTIONS Letter fromWelcome the Co-Chairmen WELCOME TO MCE DEEPWATER DEVELOPMENT 2017! Amsterdam and MCEDD have a long history. As we look back we see that while we have faced many challenges, we continue to move forward. MCEDD was born in Amsterdam, in 2004, at the urging of Shell, who saw the coming expansion on Global Deepwater and was altering its contract and risk strategies to fit with a massively expanding industry.
    [Show full text]
  • Subsea 2013 Directory
    Subsea UK's flagship event Beyond the Next Wave Exhibition Directory Aberdeen Exhibition & Conference Centre 6th - 7th February 2013 PRINCIPAL SPONSOR CONFERENCE SPONSOR EXHIBITION SPONSOR EVENT SPONSORS ORGANISED BY SUPPORTED BY MEDIA SPONSOR PRINCIPAL MEDIA SPONSOR Beyond the Next Wave Exhibition Plan Internet 10 10a 11 12 42 43 44 47 96 97 128 129 130 International Business 131 Exchange 9 14a 14b 17 17a 48 50 51 53 99 132 133 136 55 98 Display Area 21 49 54 100 8 134 135 14 15 18 19 22 48a 52 21a 100a 7 16 15a 20 61 101 CONFERENCE 6 57 58 ROOMS 62 102 103 59 23 56 103a 5a 31b 23b 5 31c 63 64 104 105 31a 60 60a 106 107 4 25 24 65 66 Display Area 108 30 3a 33b 26 32 28 33a 29 27 115 3 113 110 67 68 70 71 109 116 114 110a 112 69 Catering Area 34a 38 2 35 35a A 72B74 75 C121 76 77 118 34 39 40 80 81 119 122 1 36 78 79 123 Internet 41 121a 84a 84b 85 86 87b 125 Display Area 124 84 89 88 87d 87c 126 Registration 127 Cloakroom RASS PRESS ROOM 90 92 93 94 Outdoor Exhibition Area Outdoor VIP Speakers Exhibition Area Room 23 PRINCIPAL CONFERENCE EXHIBITION SUBSEA 2013 SPONSORS MEDIA PRINCIPAL MEDIA SPONSOR SPONSOR SPONSOR SPONSOR SPONSOR Exhibitors List Stand Exhibitors Stand Exhibitors Stand Exhibitors A1 Brevini Power Transmission A39 Innospection Ltd B88 ANSYS UK Ltd A2 Airborne Oil & Gas A40 Sonavision B89 Cache Media Limited A3 Offshore Installation Services Ltd A41 Fugro Subsea Services Limited B90 Bowtech Products Ltd A3a Aberdeenshire Council A42 Boskalis Offshore Subsea Services B92 English Braids A4 SeeByte B43 Transvac B93 Cairndene
    [Show full text]
  • Application of Remote Real-Time Monitoring to Offshore Oil and Gas Operations
    Transportation Research Board Special Report 322 Application of Remote Real-Time Monitoring to Offshore Oil and Gas Operations Prepublication Copy • Uncorrected Proofs TRANSPORTATION RESEARCH BOARD 2016 EXECUTIVE COMMITTEE* Chair: James M. Crites, Executive Vice President of Operations, Dallas–Fort Worth International Airport, Texas Vice Chair: Paul Trombino III, Director, Iowa Department of Transportation, Ames Executive Director: Neil J. Pedersen, Transportation Research Board Victoria A. Arroyo, Executive Director, Georgetown Climate Center; Assistant Dean, Centers and Institutes; and Professor and Director, Environmental Law Program, Georgetown University Law Center, Washington, D.C. Scott E. Bennett, Director, Arkansas State Highway and Transportation Department, Little Rock Jennifer Cohan, Secretary, Delaware Department of Transportation, Dover Malcolm Dougherty, Director, California Department of Transportation, Sacramento A. Stewart Fotheringham, Professor, School of Geographical Sciences and Urban Planning, Arizona State University, Tempe John S. Halikowski, Director, Arizona Department of Transportation, Phoenix Susan Hanson, Distinguished University Professor Emerita, Graduate School of Geography, Clark University, Worcester, Massachusetts Steve Heminger, Executive Director, Metropolitan Transportation Commission, Oakland, California Chris T. Hendrickson, Hamerschlag Professor of Engineering, Carnegie Mellon University, Pittsburgh, Pennsylvania Jeffrey D. Holt, Managing Director, Power, Energy, and Infrastructure Group, BMO
    [Show full text]
  • GE Frankona Re
    g GE Frankona Re The World of GE Frankona Re Toru Kumagai Sarajevo, 8th May 2002 GE European Business HQ’s THE NETHERLANDS BELGIUM IRELAND • GE Plastics • GE Aviation Services • GE Appliances • Modular Space • GE Fleet Services Europe • GE Global Consumer • TIP Finance GERMANY • GE ITS • GE Frankona Re CZECH REPUBLIC UK • GE Transportation • CNBC • GE Commercial Finance HUNGARY • GE Structured Finance Group • GE Lighting • GE European Equipment Finance ITALY • GE Equity Europe • GE Oil and Gas • GE Insurance Holdings • GE Rail Services FRANCE • GE Real Estate Europe • GE Medical Systems SPAIN • GE Energy Products Services Europe • GE Power Controls • GE Global eXchange Services GEGE hashas 70,00070,000 employeesemployees inin EuropeEurope g GE Frankona Re -2- Consistent Performance GE vs. S&P 500 Returns 20012001 PerformancePerformance RevenuesRevenues UU$126B$126B NetNet IncomeIncome U$14.1BU$14.1B ÏÏ11%11% MarketMarket CapitalizationCapitalization 399399 BB EmployeesEmployees 313,000313,000 InsuranceInsurance PremiumsPremiums U$16BU$16B S&PS&P 500500 ''8811 ''8282 ''8833 ''8484 ''8855 ''8686 ''8877 ''8888 ''8899 ''9900 ''9911 ''9292 ''9933 ''9494 ''9955 ''9696 ''9977 ''9898 ''9999 ''0000 Insurance & Reinsurance = 12.5% of GE Revenues g GE Frankona Re -3- 24 Businesses in Europe CONSUMER (30%*) MID-MARKET FINANCING (13%) SPECIALIZED FINANCE (27%) Vendor Financial Commercial Structured Card Services Equipment Finance Commercial Services Group Financing European Finance Equipment Global Finance Consumer Finance Real Estate Financial Assurance
    [Show full text]
  • List of Hazardous Waste Generators
    List of Alberta Hazardous Waste Generators Land Policy Alberta Hazardous Waste Generator Contacts Company Name Address Contact 1037128 Alberta Ltd o/a Alberta Hotel PO Box 430 Vegreville AB T9C 1R4 Kun Whan Kim 1038900 Alberta Ltd 10945 - 101 AVE Grande Prairie AB Ed McKenzie 1049601 BC Ltd 350 - 7th AVE SW, Suite 2800 Calgary AB T2P 3N9 Michael Baleja 1057974 Alberta Ltd o/a Global Dewatering 16813 - 128A Ave Edmonton AB T5V 1K9 John Devaney 1065579 Alberta Ltd. 42148 Hwy 1 Calgary AB T3Z 2P2 Fiona Kreschuk 1111041 Alberta Ltd. 14325 - 114 AVE Edmonton AB T5M 2Y8 Carmello Mirante 1131895 Alberta Ltd - operating as J.C. Metals P.O. Box 58 Dunmore AB T0J 1A0 Jennifer Millen 1142386 Alberta Ltd. 11404 143 ST Edmonton AB T5M 1V6 Bernie Westover 1148447 Alberta Ltd. c/o MDC Property Services Ltd 200, 1029 17th AVE SW Calgary AB T2T 0A9 Gary Dundas 1204612 Alberta Ltd. #3 - 5504 - 1A ST SW Calgary AB Kulu Punia 1207201 Alberta Limited (Crossroads Esso) PO Box 509 Viking AB T0B 4N0 Kimook Shin 1228002 Alberta Ltd. 72130 R.P.O. Glenmore Landing Calgary AB T2V 5H9 Robert Hoang 1-2-3 Development Inc. 207 Atkinson Lane Fort McMurray AB T9J 1E8 Scott Tenhuser 1237776 Alberta Ltd o/a Dragons Breath Production Testing & Hot Shot 51112 Rge Rd 270 Spruce Grove AB T7Y 1G7 Mike Hall Find hazardous waste information for industry: https://www.alberta.ca/hazardous-waste-industry.aspx ©2018 Government of Alberta | Published: August 2018 | Page 1 of 178 Alberta Hazardous Waste Generator Contacts Company Name Address Contact 1240796 Alberta Ltd.
    [Show full text]
  • Oil IT Journal ISSN 1632-9120 Degrees of Interest from ‘Zero’ to ‘Scoop’ Blog for Reader Feedback
    Volume 22 Number 3 231st issue 2017 Highlights GE Oil & Gas AM Meme of the month! EnergyIQ interview The old ‘digital twin’ product lifecycle management While not a DT per se, ABB’s SPEE review concept gets new lease of life in big data/AI from announcement of the ‘commercial launch’ of ABB GE, IBM, Grundfos, Ansys, Siemens, Schneider SEG-Y 2.0 Ability fits the new meme. DNV GL data quality Electric, Seeq, Amec, ABB, Emerson. Ability, unveiled at the ABB The term ‘digital twin’ (aka a Schneider Electric and partner Customer World in Houston this FLACS user group ‘model’) originated in the Seeq have announced ‘Profit month, includes ‘Smart Sensor,’ Regulatory report product lifecycle management Advisor,’ that also proposes a a DT-style solution that mirrors community over a decade ago DT solution for big data/ real time sensor data to the AI for PI before falling out of favor. The analytics that evaluates the Microsoft Azure cloud. Shell Oil BP’s blockchain arrival of big data/AI/Internet of financial performance of is a user. Things, has given the DT a new operations in real time. Seeq Emerson’s ‘iOps,’ integrated lease of life (see Google Trends.) rolled out V17 of its IIoT/visual operations and augmented We already covered the recently data analytics toolset at the 2017 reality, to roll-out at the 2017 announced GE/Maana DT last OSIsoft Users Conference this Cera Week, likewise mirrors the NEXT IN OIL IT month. Now, the DT has become month, citing Devon Energy as DT concept. oil country poster child.
    [Show full text]
  • Exceeding Expectations
    2014 ANNUAL IMPACT REPORT EXCEEDING EXPECTATIONS years BEYOND OUR WILDEST DREAMS Twenty-five years have passed since visionary inventor Dean Kamen launched his most inspired creation to date — FIRST® (For Inspiration and Recognition of Science and Technology), a 501(c)(3) not-for-profit public charity whose mission is to help develop our young people into tomorrow’s science and technology leaders and innovators. Through a progression of fun, engaging, STEM-building robotics and research programs, FIRST kids, ages 6 to 18, learn about team building and mutual respect, gain self-confidence, and develop important leadership and life skills. Dean’s vision, still unchanged after a quarter century, is to create a culture where scientists, engineers, and technologists are celebrated and revered on the same level as athletes and celebrities. FIRST is cleverly designed to open the doors of imagination so that kids will be inspired to seek education and careers in these fields. What was, in the beginning, expected to be a long, uphill battle for positive cultural change has today become a model for success. FIRST is celebrated in the media, respected by government leaders, considered a valuable asset on scholarship applications and employee resumes, and embraced by a growing army of young people worldwide seeking knowledge, self-discovery, personal growth, and life-changing experiences. It’s leading the way in making science and engineering “cool.” Is this success more than we expected? You bet — and the best is yet to come. I The ball of cultural change is rolling. Can you help us push? Learn more about FIRST at www.usfirst.org “ FIRST ® was STEM (science, technology, engineering, and math) before there was STEM.” WALT HAVENSTEIN, FIRST VICE CHAIR 2 years 3 years A decade of data and research shows that exposing kids to fun, exciting EXCEEDING EXPECTATIONS FIRST programs builds 21st century work skills and greatly increases their 25& CREATING REAL IMPACT motivation to seek education and careers in STEM fields.
    [Show full text]
  • Oil IT Journal ISSN 1632-9120 Promise and Challenge of Adopting a Then Maybe
    Volume 22 Number 4 232nd issue 2017 Highlights CFIHOS face-to-face Shale gains ‘overstated’ Kongsberg interview MIT finds ‘flawed logic’ in US EIA shale forecasts were drilling wells rather than Rice HPC in O&G that ‘significantly overestimate’ the impact of how they were drilled. WIB seminar technology over sweet-spot based drilling. Current MIT concluded that ‘current forecasts reflect ‘unrealistic’ expectations. forecasts for future production Gas lift workshop and cost of US tight oil and shale Birth of PTAML Recently published research* currently used in the industry, gas may be overoptimistic due to from the MIT Energy Initiative notably by the US Energy unrealistic expectations of future Sim in the cloud has demonstrated significant bias Information Administration in its technology-driven productivity in current unconventional oil and Annual Energy Outlook gains.’ Stone Ridge record gas well modelling. Francis forecasts. The researchers concluded that O’Sullivan, Mitei’s director of Noble’s digital rig Five different models were developing shale fields research, and researcher Justin trialed on 42 months of data economically at current prices is Montgomery, have developed a from 4,000 Bakken wells. ‘very challenging.’ The research statistical model that is claimed Current modeling techniques ‘should help both policymakers to ‘reliably distinguish’ between were found to be incapable of and commercial entities better NEXT IN OIL IT the impact of location, and capturing the rapid spatial understand what can be expected completion technology, on well JOURNAL, geological variability that from these important resources productivity. PNEC E&P underpins the sweet spots. going forward.’ Reporting on the research, MIT’s The EIA’s approach in particular DM/IM HOUSTON Kelly Travers writes that was not flexible enough to * Elsevier Applied Energy June ‘continuing low prices have led account for short-distance 2017.
    [Show full text]
  • GE Annual Report for 2000
    General Electric Company Bulk Rate Fairfield, Connecticut 06431 U.S. Postage www.ge.com Paid General Electric Company e GE Annual Report GeneralCompany Electric 2000 2000 Annual Report Annual 2000 Corporate Information Corporate Headquarters Form 10-K and Other Reports General Electric Company The financial information in this report, in the opinion of manage- 3135 Easton Turnpike ment, substantially conforms with information required in the “10-K GE Values All of us…always with unyielding integrity… Fairfield, CT 06431 Report” to be submitted to the Securities and Exchange Commission (203) 373-2211 (SEC) by the end of March 2001. However, the 10-K Report also contains certain supplemental information and it can be viewed, ▪ Are passionately focused on driving ▪ Create a clear, simple, customer- Annual Meeting without exhibits, on the Internet at www.ge.com/investor/sec.htm. customer success centered vision…and continually General Electric Company’s 2001 Annual Meeting of Share Owners Copies also are available, without charge, from GE Corporate will be held on Wednesday, April 25, at the Atlanta Civic Center in renew and refresh its execution Investor Communications, 3135 Easton Turnpike, Fairfield, CT 06431. ▪ Live Six Sigma Quality…ensure that the Atlanta, Georgia. GE Capital Services and GE Capital Corporation file Form customer is always its first beneficiary… ▪ Create an environment of “stretch,” Share Owner Services 10-K Reports with the SEC, and these can also be viewed at and use it to accelerate growth excitement, informality and trust… To transfer securities, write to GE Share Owner Services, www.ge.com/investor/sec.htm. reward improvements …and c/o The Bank of New York, P.O.
    [Show full text]