Showing posts with label Data analytics. Show all posts
Showing posts with label Data analytics. Show all posts

Thursday, November 14, 2019

ADIPEC Day IV: Final notes from Abu Dhabi

The Oilholic has just rounded off day four, or the final day of ADIPEC 2019, here in Abu Dhabi concluding nearly a week of engaging industry dialogues.

Under the 'Oil and Gas 4.0' discussion umbrella, talking points ranged from upstream challenges to downstream efficiencies, digitisation to robotics, natural gas to hydrogen-powered mobility, oil demand [or perhaps lack of] to the changing nature of demand itself, and well pretty much all else in between. 

Summing up the last four days, Omar Suwaina Al Suwaidi, ADIPEC Conference Chairman, and Director, Executive Office Directorate at ADNOC, opined: "Through Oil and Gas 4.0, ADIPEC is unlocking the opportunities created by the Fourth Industrial Era. 

"To continue to thrive, it is critical that we better harness our data, utilise big data value-adding technology and innovation, capture digital insights to our business, and understand how all aspects of our operations and activities are interconnected to unlock greater value in the evolving energy landscape."

Amen to that sentiment, and the human resource and ingenuity at the heart of that progressive drive! Speaking of which, the crucial subject of gender diversity was under the microscope today. ADIPEC also received a presidential visit when Egypt's Abdel Fattah El Sisi, who is on an official visit to the UAE, came calling. 

This blogger also took some time out to leave the conference venue and pay a visit to the Abu Dhabi National Oil Company's (ADNOC) Panorama Command Centre at its headquarters (pictured above left) and meet the company's digital team that handles its operation. 


During the site visit, the Oilholic got a glimpse of how ADNOC is deploying advanced analytics and digital solutions to monitor throughput in real-time and learn lessons in order to improve efficiencies across its value chain. 

When we are talking of a company producing 3 million barrels per day of crude oil and 9.8 billion cubic feet of gas per day; that's quite a sizeable operation as the readers would acknowledge. A special thanks to Abdul Nasser Al Mughairbi, SVP of Digital at ADNOC, who spared his time to take The Oilholic around, answer questions and host yours truly to spectacular views from an office floor home to equally spectacular technological solutions. 

Away from the ADNOC HQ, one also got a first-hand feel of a 'drive thru fuel station' launched in UAE by ADNOC Distribution. The fuel service is called 'On The Go', which will allow motorists to purchase fuel products from the comfort of their car.

The service will be "complementary, and at no additional fees" motorists can shop at an ADNOC convenience store while their vehicle is getting filled, receive their shopping items in the vehicle and pay for it using a new Wi-Fi payment method! Now that's convenient. 

And concluding a hectic afternoon of walkabouts, before bidding goodbye to ADIPEC, the Oilholic also visited offshore support vessel QMS Bani Yas, a new jack up barge docked close to the event venue, right in time for sunset. Among other things, it was great to get to the vessel's helipad as well as understand operating procedures of a support ship of its size. 

Alas, that's all from ADIPEC 2019 folks. Its time to say goodbye and head for the flight home. Keep reading, keep it ‘crude’!

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© Gaurav Sharma 2019. Photo I: ADNOC Panorama Command Centre, Abu Dhabi, UAE. Photo II: View of Abu Dhabi, UAE from ADNOC Panorama Command Centre. Photo III: Concept mock-up of ADNOC Distribution's drive thru fuel station 'On The Go' at ADIPEC 2019. Photos III, IV and V: Offshore support vessel QMS Bani Yas docked off ADIPEC 2019 venue, Abu Dhabi, UAE © Gaurav Sharma, November 2019. 

Thursday, June 13, 2019

Two tech-heavy 'crude' days at Ignite 2019

The Oilholic has spent the last two days in Oslo, Norway attending energy software firm Cognite's annual Ignite 2019 conference at the City's H3 Arena. 

Founded by entrepreneur John Markus Lervik, this energy software start-up majority-owned by Norwegian investment firm Aker, has been making waves in the oil and gas industry as a provider of advanced data and digitization services. 

The firm's industry solutions and analytics bank on operations and equipment sensors that help boost efficiency, throughput and reduce costs by several multiples – something oil and gas players can easily relate to especially in the current volatile oil price climate and pressure for lower breakevens. 

Within just over three years (and counting) of its founding, Cognite has bagged nearly 30 customers including big names such as OMV, Aker BP and Lundin Petroleum. Ignite 2019 was the company's attempt at showcasing what it can offer and trigger debates and dialogues about process efficiencies and optimisation.

Inevitably, in the age of advanced analytics and artificial intelligence, much of the discourse centred on 'Big Data for 'Big Oil'. The conference was supported by companies such as Cognizant, Google, Framo, Siemens, National Instruments and Aker BP to name a few. Nikolai Astrup, Minister of Digitalization of Norway, started proceedings declaring "data is gold."

The minister went on to note: "If we refine, manage and share data appropriately it will lay the foundation for better and more effective public services, new industry successes and create jobs. 

"The Norwegian government has just launched an ambitious digitalization strategy, making us a pioneer in creating good public services for citizens, businesses and the voluntary sector."

A packed agenda saw several speakers outline the kind of efficiencies their digitisation efforts are bringing about and the results they have yielded. For instance, here is the Oilholic's report for Forbes on how Austria's OMV has managed to lower its production costs from $15 per barrel down to $7 per barrel.

While the job of impressing the sector and bagging clients is well underway, and Cognite's product suite is helping the company to grow profitably, further capital for expansion will be needed. To that end, this blogger sat down with Lervik to discuss his future plans, including those for a possible initial public offering. Here's this blogger's full interview for Forbes in which Lervik also discusses Cognite’s expansion to Asia and North America

Following an evening of networking over some fun music and drinks on day one, day two brought more efficiencies discussions to the fore, not necessarily digressing from the oil and gas industry theme but including renewables and low carbon as vital topics.

As were the subjects of advanced data analytics and cloud computing, with Darryl Willis, VP Oil, Gas & Energy at Google Cloud, telling Ignite 2019 delegates that every industry, including energy, will be grappling with data as the new common denominator. "Data science to real time monitoring aided by cloud computing and data analytics would only be to the industry advantage."

Plenty more articles coming up from the deliberations for Forbes, Rigzone and Energy Post over the next few weeks, but that's all from Ignite 2019 on that note. After a few more meetings in Oslo, it'll be time for the big bus home. Keep reading, keep it 'crude'!

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© Gaurav Sharma 2019. Photo 1: Oslofjord Ferry Pier, Oslo, Norway. Photo 2: Nikolai Astrup, Minister of Digitalization of Norway speaks at Ignite 2019 at the H3 Arena in Oslo, Norway. Photos 3&4: Glimpses of networking floor at Ignite 2019 © Gaurav Sharma, June 2019.

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For comments or for professional queries, please email: gaurav.sharma@oilholicssynonymous.com

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