Page 25 - Clair Ridge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

May 19: The end of Anne Boleyn… and the start of the UK ETS The person in the street may not regard the 19th of May as a date of any real significance. By Derek Leith, global oil and gas tax leader, EY 19/05/2021, 12:01 am One for the history books? Derek Leith discusses the context. Pic right: Wikicommons. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up The person in the street may not regard the 19th o...

Digital twins to become mainstay for oil and gas operations as companies look to optimise costs, according to GlobalData.

Advertisement The oil and gas industry, which is traditionally a laggard in the adoption of connected technologies, is increasingly deploying digital twins to improve decision-making. The prevailing industry downturn from COVID-19 has heightened the need to reduce costs and make operations more sustainable with technology, says GlobalData, a leading data and analytics company. Worldwide lockdowns have significantly impacted global energy demand, while also causing project delays due to supply chain disruptions. The downturn has aggravated the need for improving the overall asset visibility to...

PREMIUM BP started production from the giant Clair Ridge field West of Shetland with partners in 2018 Picture: BP AS the hopes of a Shetland oil boom sparked by a pioneering explorer fade, some giants have made clear they still see potential in the area. However, firms in the hard-pressed North Sea supply chain and taxpayers alike may be unwise to expect to get more than crumbs from their table. While the industry grappled with the deep slump triggered by the crude price plunge from 2014 to 2016, the West of Shetland area provided a ray of light. Optimists highlighted the potential of r...

Digital twins giving boost to asset management in the oil and gas industry By GlobalData Energy 11 May 2021 (Last Updated May 11th, 2021 13:03) GlobalData’s latest thematic report, ‘Digital Twins in Oil & Gas,’ provides a comprehensive review of the expanding role of digital twins across industrial applications, with a special focus on the oil and gas industry. Share Article GlobalData’s latest thematic report, ‘Digital Twins in Oil & Gas,’ provides a comprehensive review of the expanding role of digital twins acr...