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Search results for: “digital”

  • Upstream technology leaders: weathering the downturn?

    Upstream technology leaders: weathering the downturn?

    Leading technologies correlate 50-80% with ROACEs and -88% with costs in the energy industry. Hence, we assessed 6,000 patents from 2018-19, to determine which Energy Majors are best-placed to weather the downturn, benefit from dislocation and thrive in the recovery. We find clear leaders in onshore, offshore, shale, LNG and digital.

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  • Digitization after the crisis: who benefits and how much?

    Digitization after the crisis: who benefits and how much?

    We have constructed a database of digitization case studies around the energy industry to quantify the benefits, screen the most digital operators and identify longer-term winners in the supply chain. The theme will accelerate. Just 8% of digitized industrial processes will be materially disrupted due to COVID-19, compared to 80% of non-digitized processes.

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  • Blockchain in the Oil & Gas Supply Chain

    Blockchain in the Oil & Gas Supply Chain

    This datafile tabulates ten examples of deploying Blockchain in the oil and gas industry since 2017; including companies and cost savings. Most prior examples are in trading. For 2020, we are particularly excited by the broadening of Blockchain technologies into the procurement industry, which can deflate shale costs.

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  • Kraken Technologies: smart grid breakthrough?

    Kraken Technologies: smart grid breakthrough?

    Kraken Technologies is an operating system, harnessing big data across the power value chain, from asset optimization, to grid balancing, to utility customer services. We reviewed ten patents, which all harness big data, of which 65% optimize aspects of the grid, and 40% are using AI. This supports the deployment of distributed energy, renewables and…

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  • Patent Leaders in Energy

    Patent Leaders in Energy

    Technology leadership is crucial in energy. But it is difficult to discern. Hence, we reviewed 3,000 patents across the 25 largest companies. This note ranks the industryโ€™s โ€œTop 10 technology-leadersโ€: in upstream, offshore, deep-water, shale, LNG, gas-marketing, downstream, chemicals, digital and renewables. In each case, we profile the leading company, its edge and the proximity…

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  • Well-by-well optimisation?

    Well-by-well optimisation?

    Well-by-well production optimisation can uplift mature fields’ output 5-20%. This data-file summarises the methodology employed by BP, which has filed the most detailed patent we have seen on the topic, from our screen of 3,000 patents around the industry.

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  • Can super-computers lower decline rates?

    Can super-computers lower decline rates?

    Advanced reservoir modelling can stave off production declines at complex offshore assets. This data-file illustrates how, tabulating production estimates based on a technical paper using Eni’s high-speed computer assets. 60% uplifts in LT production and EUR are achieved.ย 

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  • Ventures for an Energy Transition?

    Ventures for an Energy Transition?

    This database tabulates c300 venture investments, made by 9 of the leading Oil Majors. Their strategy is increasingly geared to advancing new energies, digital technologies and improving mobility. Different companies are compared and contrasted, including the full list of venture investments over time.

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  • Autonomous mining trucks: case studies?

    Autonomous mining trucks: case studies?

    Autonomous mining trucks have been gaining share since 2010, and now number almost 2,000 in total, across dozens of mines globally. So this data-file presents some case studies of autonomous mining trucks, and provides yet another example of digital progress. The work also shows leading companies in autonomous mining trucks, among adopters and mining equipment…

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  • Production Losses at a Giant Offshore Oilfield

    Production Losses at a Giant Offshore Oilfield

    This data-file breaks down the production losses at a giant offshore oilfield, across five categories and ten sub-categories. They are addressable with digital oilfield technologies, as shown by our notes. Advanced algorithms such as BP’s Apex solution, are capable of reducing the losses — particularly in the largest categories. Halving them could increase output by…

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