Are O&G Digital Twins Useful? DNV GL Moves to Find Out
and see if Digital Twin technology and data can be trusted and if they deliver value.The Norway-based firm has thus launched an international call to oil and gas operators and the supply chain to pilot a methodology to prove the value of the technology.Companies manufacturing hardware across the oil and gas value chain must prove the safety, quality and integrity of components, equipment and assets through recognized quality assurance principles. However, no standard process exists to provide the same mechanism of trust and value for the digital representation of a physical asset and its behavior, DNV
NYK Buys Stake in EMAS Chiyoda Subsea
its business in offshore oil and gas exploration/development, such as seismic, drilling, production, and shuttle transportation services. By participating in the subsea EPCI segment, NYK saidi it plans to steadily accumulate expertise and further extend its service range in the offshore oil and gas value chain
New Subsea Company UIS Launched at OTC
HitecVision. HitecVision is a private equity investor in the international oil and gas industry with offices in Stavanger, Oslo and Houston. The investment focus is on middle market investments in oilfield services and technology companies, and exploration and production companies across the oil and gas value chain. HitecVision manages five PE funds with more than $5 billion in assets under management.
Ezra Wins $110m Deepwater Brazilian Contract
and provide engineering support for integration of the turret and swivel stack onto the FPSO at Jurong Shipyard. “This contract highlights our diverse capabilities in the offshore oil and gas industry. We acquired LMC back in 2008 to enhance our engineering capabilities for the offshore oil and gas value chain, and this has enabled more business opportunities for us,” commented Mr Lionel Lee, CEO and Managing Director of Ezra Holdings Limited. “We are very excited about this opportunity to work with Jurong Shipyard, OneSubsea, OOGTK and, of course, Petrobras on this very important
February 2024
