Cloud Computing and Big Data for Oil and Gas Industry Application in China

The oil and gas industry is a complex data-driven industry with compute-intensive, data-intensive and business-intensive features. Cloud computing and big data have a broad application prospect in the oil and gas industry. This research aims to highlight the cloud computing and big data issues and challenges from the informatization in oil and gas industry. In this paper, the distributed cloud storage architecture and its applications for seismic data of oil and gas industry are focused on first. Then,cloud desktop for oil and gas industry applications are also introduced in terms of efficiency, security and usability. Finally, big data architecture and security issues of oil and gas industry are analyzed. Cloud computing and big data architectures have advantages in many aspects, such as system scalability, reliability, and serviceability. This paper also provides a brief description for the future development of Cloud computing and big data in oil and gas industry. Cloud computing and big data can provide convenient information sharing and high quality service for oil and gas industry

Impact Of Artificial Intelligence And Big Data On The Oil And Gas Industry In Nigeria

This paper examines the concept of Artificial intelligence and Big Data as a field of study and its Impact on the oil and gas industry. Artificial Intelligence refers to the concept having of Computer systems that can perform tasks that would typically require human intelligence. Some such tasks are visual perception, speech recognition, decision-making and translation between languages, amongst others. “Big data” or Big Data analytics is a term often used to describe a huge or somewhat overwhelming data size that exceeds the capacity of both humans and the traditional software to process within an acceptable time and value. There is a big interface between the two concepts. AI does not stand alone; it requires big data for efficiency. AI and Big Data have brought about great impact across different industries and organizations. In the oil and gas industry, there have been an increasing installation of data recording sensors, hence data acquisition in exploration, drilling and production aspects of the industry. The industry is gradually making use of this huge data set by processing them using AI enabled tools and software to arrive at smart decisions that bring efficiency to operations in the industry. Some of such areas are analysis of seismic and micro-seismic data, improvement in reservoir characterization and simulation, reduction in drilling time and increasing drilling safety, optimization of pump performance, amongst others. Some of the solutions listed above have been successfully implemented in Nigeria, mostly by the international oil companies and some additional areas have also been impacted: managing asset integrity, tubular tally for drilling operations using RFID and the licensing and permit system by DPR. The industry has fully embraced the AI and Big Data concept, the future is very bright for more innovative solutions. However, there are still a few challenges especially in Nigeria. Some of these challenges include lack of local skilled manpower, poor data culture, security challenges in the industry’s operating areas, limited availability of good quality data, and understanding the complexity of the concept

Big Data in the Oil and Gas Industry: A Promising Courtship

The energy industry remains one of the highest money-producing and investment industries in the world. The United States’ own economic stability depends greatly on the stability of oil and gas prices. Various factors affect the amount of money that will continue to be invested in producing oil. A main disadvantage to the oil and gas industry is its lack of technological adaptation. This weakens the industry because the surest measures are not currently being taken to produce oil in optimally efficient, safe, and cost-effective ways. Big data has gained global recognition as an opportunity to gather large volumes of information in real-time and translate data sets into actionable insights. In a low commodity price environment, saving time, reducing costs, and improving safety are crucial outcomes that can be realized using machine learning in oil and gas operations. Big data provides the opportunity to use unsupervised learning. For example, with this approach, engineers can predict oil wells’ optimal barrels of production given the completion data in a specific area. However, a caveat to utilizing big data in the oil and gas industry is that there simply is neither enough physical data nor data velocity in the industry to be properly referred to as “big data.” Big data, as it develops, will nonetheless significantly change the energy business in the future, as it already has in various other industries.Petroleum and Geosystems Engineerin

Machine learning effects on the norwegian oil and gas industry

The downturn in the Norwegian oil industry in recent years has led to a revaluation of the sector. Out of this turmoil, a new surge of innovation appeared. This paper explores the innovation effects machine learning (ML) technology has brought to the Norwegian oil and gas industry (NOGI) using a qualitative approach through conducting semi-structured qualitative interviews. These interviews focus on five unique perspectives within the industry. These perspectives represent the unique interplay between private and public actors on the Norwegian continental shelf (NCS). The interviews discuss the value of big data, the use of ML in optimizing extraction processes and finding more sustainable approaches to detecting oil and gas. After presenting the five perspectives in the analysis, similarities and differences are discussed in light of the role the actors i.e. the companies play on the NCS. Interviewees expressed their enthusiasm and aversions about using new technologies to secure competitive advantages, despite most companies developing similar uses of ML. Throughout the analysis, background information from website searches and analyses are used to provide context for the interview data. The results show that the use of data, advanced analytics and various forms of ML create opportunities to fundamentally reimagine how and where work gets done and that there are possibilities of finding safer, more cost efficient and more sustainable approaches to the work currently being done through ML in the NOGI. The study shows that ML has brought disruptive innovation to the NOGI that enhances competitive advantages

Understanding AI Application Dynamics in Oil and Gas Supply Chain Management and Development: A Location Perspective

The purpose of this paper is to gain a better understanding of Artificial Intelligence (AI) application dynamics in the oil and gas supply chain. A location perspective is used to explore the opportunities and challenges of specific AI technologies from upstream to downstream of the oil and gas supply chain. A literature review approach is adopted to capture representative research along these locations. This was followed by descriptive and comparative analysis for the reviewed literature. Results from the conducted analysis revealed important insights about AI implementation dynamics in the oil and gas industry. Furthermore, various recommendations for technology managers, policymakers, practitioners, and industry leaders in the oil and gas industry to ensure successful AI implementation were outlined. Doi: 10.28991/HIJ-SP2022-03-01 Full Text: PD

Big Data and the Internet of Things

Advances in sensing and computing capabilities are making it possible to embed increasing computing power in small devices. This has enabled the sensing devices not just to passively capture data at very high resolution but also to take sophisticated actions in response. Combined with advances in communication, this is resulting in an ecosystem of highly interconnected devices referred to as the Internet of Things - IoT. In conjunction, the advances in machine learning have allowed building models on this ever increasing amounts of data. Consequently, devices all the way from heavy assets such as aircraft engines to wearables such as health monitors can all now not only generate massive amounts of data but can draw back on aggregate analytics to "improve" their performance over time. Big data analytics has been identified as a key enabler for the IoT. In this chapter, we discuss various avenues of the IoT where big data analytics either is already making a significant impact or is on the cusp of doing so. We also discuss social implications and areas of concern.Comment: 33 pages. draft of upcoming book chapter in Japkowicz and Stefanowski (eds.) Big Data Analysis: New algorithms for a new society, Springer Series on Studies in Big Data, to appea

Business model innovation in the oil and gas supply industry

Master i Energy Management - Nord universitet, 201

Big Data Guided Resources Businesses – Leveraging Location Analytics and Managing Geospatial-temporal Knowledge

Location data rapidly grow with fast-changing logistics and business rules. Due to fast-growing business ventures and their diverse operations locally and globally, location-based information systems are in demand in resource industries. Data sources in these industries are spatial-temporal, with petabytes in size. Managing volumes and various data in periodic and geographic dimensions using the existing modelling methods is challenging. The current relational database models have implementation challenges, including the interpretation of data views. Multidimensional models are articulated to integrate resource databases with spatial-temporal attribute dimensions. Location and periodic attribute dimensions are incorporated into various schemas to minimise ambiguity during database operations, ensuring resource data's uniqueness and monotonic characteristics. We develop an integrated framework compatible with the multidimensional repository and implement its metadata in resource industries. The resources’ metadata with spatial-temporal attributes enables business research analysts a scope for data views’ interpretation in new geospatial knowledge domains for financial decision support

Supply Chain Management Concepts Applied in the Oil & Gas Industry – A review of literature

The recent trends in the oil gas has shown volatility in this market and the low oil prices has influenced this industry in a big way. The researchers and practitioners in this field have realized the importance of efficient Supply Chain Management (SCM) to have competitive edge in this industry. The dynamic nature of the supply as well as the demand has contributed to the unique challenges in managing the supply chain in this sector. The main objective of this study is to understand the application of different SCM concepts in the Oil and Gas industry. The study involved the systematic literature review of the various articles published by prominent researchers in this field in reputed journals and databases like Scopus, Web of Science (WOS). The findings have identified 52 different models of SCM which are used in the oil gas industry. This study is a contribution to the body of knowledge regarding the use of SCM concepts in oil and gas industry. Future studies can use this as a reference to understand the existing SCM concept in this industry and base their empirical study the suitability and influence of these concepts on the efficient supply chain management in Oil gas industry