Archive for March 2, 2010

Invensys to Implement IntelaTrac for Chevron Upstream

Invensys Operations Management announced that it has contracted with Chevron to provide the Wonderware IntelaTracTM mobile workforce and decision-support system to support Chevron’s upstream operations. IntelaTrac’s configurable software and ruggedized mobile hardware solution enables workers to better manage workflow, procedural and general management tasks that focus on plant, production and field operations, maintenance management, production, inventory and logistics tracking and compliance applications.

            Invensys will provide the IntelaTrac solution to assist operators, field engineers, technicians and supervisors in creating inspection and regulatory procedures. It also will assign, schedule and execute rounds and report findings that are prioritized based on the level of severity of the issue. IntelaTrac provides the capabilities for an organization to create and define procedures based on best practices, as well as regulatory compliance rules and regulations. Procedures are re-usable across many operator and technician rounds to ensure that inspections are performed on a routine basis as mandated by overall corporate policies, as well as regulatory agencies.

            “Chevron wants a mobile platform capable of supporting many business work processes and an ‘out of the box’ solution,” said Eric Moorehead, North America client care executive program leader, Invensys Operations Management. “Our IntelaTrac solution has been used by Chevron in its downstream business process for several years. By extending the availability of IntelaTrac, Chevron anticipates being able to support many new business processes using a single mobile platform for operations, maintenance, reliability tracking, production data collection and safety inspections across the enterprise.”

http://iom.invensys.com

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March 2, 2010 at 11:50 am Leave a comment

OleumTech Supplies Products to Haynesville Shale JV

EnCana has selected OleumTech’s wireless products to be used in the EnCana-Shell joint venture in the Haynesville Shale fields. EnCana and Shell will implement OleumTech’s patented WIO System for wireless tank level monitoring, wellhead monitoring and artificial lift applications.

            The selection of OleumTech offers tighter integration across EnCana and Shell in an effort to operate multiple well sites that have traditionally been supported with multiple products from different vendors. Leveraging the WIO System as the single system for the “last mile” connectivity will allow EnCana and Shell to increase productivity and improve efficiency in the hydrocarbon extraction process. The WIO System simplifies the process of remote field data collection and integration to SCADA systems.

            “We are excited to add Shell to our growing roster of customers,” said Vrej Isa, Chief Operating Officer at OleumTech. “This is a testimony to our continued focus to provide solutions that meet the needs of the industrial wireless sensors market and affirms our value proposition.”

            EnCana has been an OleumTech customer for more than three years. The recent EnCana-Shell selection extends OleumTech’s footprint to north Louisiana and presents significant growth opportunities in this major natural gas play.

www.shell.com

www.encana.com

www.oleumtech.com

March 2, 2010 at 11:48 am Leave a comment

Acorn Energy Invests in US Sensor Systems’ 4D Seismic

Acorn Energy Inc. announced a strategic investment with an option to acquire control of US Sensor Systems Inc. (USSI), developer of a seismic monitoring system that promises to revolutionize field management of hydrocarbon reserves.

            US Sensor Systems is utilizing Acorn’s $500,000 investment to conduct field trials comparing its new fiber optic geophone technology to the current conventional geophones, which are based upon 50-year-old technology. USSI’s fiber optic geophone system is designed to provide the industry with the needed tools to make the transition from 3D seismic to 4D seismic monitoring feasible. USSI’s fiber optic geophone, which is currently in tests with several customers, is expected to provide much more detailed subsurface images of an oilfield at significantly lower cost than existing equipment.

            For its investment to date, Acorn has acquired approximately 10% of USSI, and has a series of options to acquire up to 84% of the company for an aggregate consideration of about $6,100,000 in cash and stock through May 2011.

            Headquartered in Northridge, CA, US Sensor Systems focuses primarily on designing, integrating, manufacturing, and selling fiber optic sensing systems and solutions for the energy market. USSI’s small, low-cost, reliable, fiber optic sensor systems are being designed to replace the legacy expensive, unreliable and bulky electronic sensors currently in widespread use today.        Primary markets for which USSI is currently developing products include:

  • Downhole fiber optic sensor systems for oilfield 4D reservoir monitoring;
  • Fiber optic perimeter security systems, including commercial and military; and
  • Fiber optic pipeline/coal mine monitoring systems.

USSI has three patents pending and a fourth application in process.

            Acorn CEO John Moore noted: “The use of technology such as directional drilling, flooding and fracking has been transformational for the oil and gas industry. The 50-year-old magnetic coil geophone has reached its economic limit as the industry requires increasing resolution from seismic data in order to drill more precisely. The USSI technology represents a breakthrough in both cost and image resolution, and the business and technical team are world-class and internationally recognized in the field. I am confident that this accomplished team will deliver value over time to USSI customers and Acorn shareholders.”

www.ussensorsystems.com

www.acornenergy.com

March 2, 2010 at 11:45 am Leave a comment

Paradigm Introduces Academic Software Program

Paradigm, provider of upstream enterprise software solutions, announced its Academic Software Program, which will provide institutions of higher learning with access to Paradigm’s state-of-the-art E&P software. The program includes innovative applications in seismic processing and imaging, interpretation and modeling, reservoir characterization, reservoir engineering, and well planning and drilling engineering.

            “At the Centre for Petroleum Studies at Imperial College London, we aim at preparing students to be fully operational when they start working in industry,” said Director Alain Gringarten, one of the many institutions benefiting from the program. “Practicing with software products used by oil and gas companies is part of our curriculum, and we are very grateful to Paradigm for providing us with valuable access to its interpretation and reservoir engineering suites.”

            The Paradigm Academic Software Program provides academic access to key industry software products such as Paradigm™ VoxelGeo®, Stratimagic®, SeisEarth®, GOCAD®, SKUA®, Geolog® and Sysdrill®. In continued dedication to university research programs, Paradigm will also provide participating universities with free access to application software development kits. Qualified universities may apply for the Paradigm University Grant Program, which provides access for classroom and/or research-based use.

            “Paradigm software products are critical to our research and teaching activities in energy and geoscience,” said John Shaw, Chairman of the Department of Earth & Planetary Sciences at  Harvard. “We use their structural modeling capabilities extensively as a means of integrating various data types and developing new methods of petroleum trap and reservoir characterization.”

            Paradigm continues to expand collaboration with university professionals. Through the Academic Software Program, the software package for university members of the GOCAD Consortium will include the possibility to license Paradigm SKUA 3D modeling software.

            “We are very enthusiastic to see SKUA becoming widely available to universities, for both teaching and research purposes,” said Guillaume Caumon, Director of the GOCAD Research Consortium. “The availability of Paradigm’s state-of-the art geosciences software and corresponding developer kits to universities is clearly a win-win situation, and will help bridge the gap between academic research and practical industrial applications.”

            “Academic institutions play a critical role in the development of our industry,” said Jean-Claude Dulac, Paradigm’s Exec. VP of Science & Technology. “Given that educators are responsible for training future industry leaders and innovators, we believe that by investing in education today we are actively helping to overcome the challenges of tomorrow.”

www.pdgm.com

March 2, 2010 at 11:43 am Leave a comment

CygNet Adds Powerful New Integration Capabilities

CygNet Software, provider of enterprise operations platforms for oil and gas, announced the availability of Service Release 1 for its CygNet Enterprise Operations Platform (EOP) 7.2, which delivers powerful new integration capabilities that enable oil and gas companies to capitalize more effectively on the massive volumes of data generated by their field devices and operational systems. The cornerstone of this release is the Enterprise Integration Suite (EIS), which includes a set of open, standards-based interfaces that enable users to reduce the complexity, time and cost involved in integrating real-time operational data into enterprise systems.

            “With the Enterprise Integration Suite, CygNet is taking the intelligence collected and managed by CygNet EOP across the ‘last mile,’ so that it can be served directly to core business applications, such as billing and allocation systems,” said Steve Robb, VP Marketing, CygNet. “Now, instead of having to write custom code, test integration points one by one, or maintain proprietary connections, users can take advantage of our standards-based interfaces to quickly, easily and affordably move data to every corner of the enterprise and into the hands of the business decision makers who need it.”

            Service Release 1 adds more power to CygNet’s advanced solution for transforming raw data collected from diverse operational systems and field devices into actionable information. With the addition of EIS, CygNet EOP 7.2 now provides a collection of interfaces that give both business and technical users the ability to deliver information to the enterprise with greater speed and agility, while ensuring future application upgrade integrity.

            Value is immediately delivered by the design incorporated into the Enterprise Objects layer, which includes a set of Web services that use common integration standards like XML, Java Messaging Service (JMS) and HTTP. These standards allow EIS to transfer valuable operational data seamlessly into back-office transactional systems and other third-party applications, such as asset management or enterprise resource planning (ERP) systems. For example, a Web service can feed field operations data directly into an organization’s ERP module, such as an enterprise maintenance application. In addition to Enterprise Objects, the EIS suite also delivers standard connectors that “power users” can use to facilitate process control, programming, and system administration.

www.CygNetscada.com

March 2, 2010 at 11:41 am Leave a comment

Iron Mountain Acquires Mimosa Systems

Mimosa Systems has been acquired by Iron Mountain, experts in managing and protecting both physical and digital information. Mimosa will join Iron Mountain Digital, the company’s technology arm, which provides information management services and solutions for data protection and recovery, archiving, eDiscovery and intellectual property management.  

            A fast-growing archiving company, Mimosa is known for its next-generation solution for e-mail, file and SharePoint archiving. In the last few years, Mimosa has gained the trust of more than 1,000 enterprise customers and hundreds of partners to deliver solutions that store, manage and protect enterprise content. Mimosa Systems’ customers will have the assurance of the global presence, trusted brand and financial stability of Iron Mountain.

            The combination of the NearPoint on-premises archiving software with Iron Mountain’s cloud-based technologies allows the merged company to manage information wherever it resides, whether inside the firewall or in the cloud or through a hybrid model, providing greater flexibility and choice for managing information. With “location-independent” archiving, users can move data between the on-premises data center and the cloud transparently and seamlessly.

By combining NearPoint for collection and preservation with Stratify eVantage, an on-premises eDiscovery appliance for early-case assessment, and Stratify Legal Discovery services for review and production, the result is a complete, end-to-end eDiscovery solution.

            “We are very excited about the fit and synergies between our two companies’ technology, culture and market approach. Iron Mountain is acquiring the Mimosa team and their expertise, not just their technology. The Mimosa team will become an integral part of Iron Mountain Digital and will help support the company’s information management service strategy,” said T. M. Ravi, Founder, President and CEO of Mimosa Systems, who will become Chief Marketing Officer of Iron Mountain Digital, responsible for driving marketing functions and playing a key role in strategy planning and execution.

www.ironmountain.com

www.mimosasystems.com

March 2, 2010 at 11:39 am Leave a comment

Shell, IBM Team Up to Extend Field Life

Shell and IBM have announced a research collaboration that aims to extend the life of oil and natural gas fields. Shell sees potential to reduce the time and money required to model its reservoirs. IBM’s long-standing analytics and simulation experience will meet Shell’s strong subsurface and reservoir expertise to create a more efficient, more accurate picture of energy recovery.

            The companies will explore advanced techniques for reconciling geophysical and reservoir engineering field data. As a result of applying improved algorithms, analytics and accelerated simulations, Shell can reduce the educated guesswork and extract natural resources with more certainty and efficiency, thereby optimizing the recovery of oil and gas.

            “This collaboration is remarkable,” said Gerald Schotman, Exec. VP of Shell Innovation, Research & Development. “Two industrial research giants are coming together to solve a very specific, real-world problem and make the most of oil and natural gas reservoirs. This will not be done through expensive, experimental facilities, but by bringing together a powerful team and powerful computers so we can be smarter than before.”

            The complex process of reconciling often-differing views of oil and natural gas fields can take several months to complete and involves measurements of production volumes, flow rates and pressures. For example, geophysicists must examine time-lapse seismic data from subsurface rock formations; reservoir engineers receive well and laboratory data, and geophysicists receive cross-well seismic tomography data covering wide spaces between the wells.

            Shell and IBM will reformulate and automate the task of reconciling the different data and create an enhanced, yet practical, mathematical optimization solution. This can improve the cost-effectiveness of the data inversion process and, once available, will become part of Shell’s proprietary reservoir modeling tool kits for application in new oil and natural gas developments as well as existing assets.

            “Working with Shell is a prime example of the importance of collaborative research in the effort to build a smarter planet,” said John E. Kelly III, Sr. VP and Director of IBM Research. “Using predictive analytics to drive new intelligence into oil and natural gas reservoir management has the potential to extend the life of existing oil and gas fields in a responsible way.”

            As part of this Joint Development Agreement, IBM and Shell research scientists will work in several laboratories in both the US and the Netherlands.

www.ibm.com

www.shell.com

 

March 2, 2010 at 11:36 am Leave a comment

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