The world is racing towards global electrification, poised to provide electricity to the 20 percent of the global population currently without this utility. Leading the race is wind energy—specifically offshore. The transformation of the energy industry from “black gold,” oil, to “green gold,” renewable energy sources, will have varied far-reaching impacts. Fortunately, TIBCO … [Read more...] about 3 Best Practices for Analytics Professionals to Bring Wind Power to Fruition
Energy
Enertel Predicts Smarter Energy Investments with Analytics
Over the last 80 years, the oil and gas industry has evolved into a high-risk game. Today it’s funded by private investors and private equity with a high hurdle for returns. Drilling costs between $7 and $12 million per well, so if a mistake is made, it’s a seven-figure mistake. Companies like Enertel—that provide tools, data-driven insights, and strategic advice for clients … [Read more...] about Enertel Predicts Smarter Energy Investments with Analytics
From Crude Estimates To Accurate Precision In The Oil Fields
Determining proper oil well placement and spacing is a difficult task, but getting it right is vital to effective production. More complex than one might think, well spacing depends on a number of factors—there is no one-distance-fits-all to determine the perfect grid pattern for oil fields. Each reservoir has its own distinct properties that must be analyzed before … [Read more...] about From Crude Estimates To Accurate Precision In The Oil Fields
Analytics help students stand out at the University of Houston
With data at the center of the digital revolution of the energy industry, oil and gas companies have a great need for candidates ready to tackle data challenges from day one. Students with well-honed data and analytics skills are already a step ahead when going through the recruiting process. Yet, many universities struggle to provide adequate coursework covering these skills. … [Read more...] about Analytics help students stand out at the University of Houston
Big dollars for big oil with big data — Analytics saves billions in upstream exploration and production
Deloitte reported in a recent study that increased data capture and analysis can likely save billions of dollars for the energy industry. Reuters also found that Oil and Gas companies are “envisioning billions of dollars in savings” through the use of analytics and the IoT. Oil and gas companies are inundated with data but starving for insights and smart actions on business … [Read more...] about Big dollars for big oil with big data — Analytics saves billions in upstream exploration and production