Digital Oil Recovery - Expanding reserve and production optionality with digital technologies
26 January 2018

Until today, long-cycle, capital intensive projects or short-cycle, cash-flow strained unconventionals have been the traditional options available to drive production growth. Digital Oil Recovery™ powered by FOROIL provides a compelling alternative by using mathematical models, machine learning, and reservoir physics to simulate the behaviour of brownfield reservoirs, optimizing their development and creating the potential for production gains of 20% or more with limited capital investment. Digital Oil Recovery™ transforms traditional brownfields into assets that offer rapid production gains, capital flexibility and low decline rates.

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Solution for Fast Evaluations of Large Portfolios of Oil and Gas Fields
20 December 2017

How do you decide if an oil and gas portfolio is a good investment? Do you spend months aggregating and analysing raw production data? Can you provide a confidence interval for valuation? QRI’s SpeedWise Portfolio® Analysis (SPA™) is a new systematic process for the evaluation of oil and gas assets, which can help drive valuable decisions necessary for making investments, or prioritise future investments by understanding the health of your own portfolio. SPA determines the economic value of the entire portfolio almost instantaneously, and delivers a fully interactive user interface with key performance indicators, allowing the user to review the history, current condition and expected future performance of the portfolio.

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Power and Renewable Energy Market Review 2018 - The climate of change
19 December 2017

Expert insight and guidance on key risk management issues. The energy industry is facing a series of challenges. Finding a clear path to managing these challenges is going to be no easy task. The Willis Towers Watson Power and Renewable Energy Market Review for 2018 details these challenges and examines key risk management issues which power and renewable energy companies will need to consider.

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Making the Digital Leap with Topsides 4.0
15 November 2017

“Lower for longer” oil prices are forcing the oil and gas industry to step back and re-evaluate the way that they do business. In the midst of this, one thing is becoming clear: digitalisation is not a passing trend. It will forever change how companies work internally and how they engage with suppliers and customers. Adopting digitalisation is not about purchasing a one-off solution – it is about clients embarking on a journey with strategic partners to make their businesses more competitive. With Topsides 4.0, Siemens aims to help the oil and gas industry achieve that by responding to the challenges of the Fourth Industrial Revolution.

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Digitalisation Offshore: Is it the secret to sustaining lower operating costs?
10 November 2017

In an effort to optimise the economic recovery of hydrocarbons in a low oil price environment, oil & gas operators are increasingly evaluating the role of technology in sustainable long-term cost reduction initiatives. AVEVA, in partnership with Westwood Global Energy Group, has interviewed oil and gas industry stakeholders to understand whether digitalisation holds the key to sustaining lower operating costs offshore. Discover what the decision makers we surveyed think of digitalisation. What are the benefits, perceptions, hurdles and next steps to getting digitalisation right? PLUS, gain new insights from Westwood on the current outlook for the offshore industry.

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Hydrocarbon Markets: Why Break Even When You Can Break Away?
8 November 2017

Oil and gas companies’ traditional focus on long-cycle asset classes is no longer viable. What’s needed is a dynamic, analytics-driven approach to asset portfolio management that adapts to the accelerated pace of today’s industry volatility. Manas Satapathy, Prashant Mehrotra, Jean-Marie Rousset and Muqsit Ashraf of Accenture Strategy, Energy describe a new hydrocarbon asset evaluation model that analyses the risk/return attributes of every significant asset class and geography, and enables oil and gas leaders to make wiser portfolio decisions in the months and years ahead.

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Beyond Oil Digitalisation: The Roadmap to Upstream Profitability
7 November 2017

This paper discusses digital transformation in the oil patch. It explores how upstream industry leaders are capitalising on the explosion of data and how, in particular, merging rigorous process models with both analytics and data visualisation can help achieve a competitive advantage. It also reveals how innovations from AspenTech are helping to lead the way toward asset reliability and profitability.

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LNG: Global Industry Trends for 2018
19 September 2017

LNG is a rapidly growing market and 2018 is the tipping point. Export growth is set to peak, led by major capacity additions in the US and Australia. Demand growth – led by emerging Asia – will also accelerate, but will significantly lag the growth in supply, driving spot prices further down. Sustained oversupply, renewed spot price weakness and the shift in demand growth from developed to emerging markets has major implications for the shape and direction of the global LNG market. This 37 page report offers a deep-dive into the outlook on global supply and demand, trends in pricing and innovations in technology, contracts and financing in the sector.

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