Jennifer Pallanich, senior technology editor, Hart Energy: I'm Jennifer Pallanich, senior technology editor for Tech Trends with Hart Energy Live at CERA Week by S&P Global. I'm here with John Markus Lervik to hear his insights about data trends.
John Markus Lervik, chief strategy and development officer and co-founder of Cognite: A lot of people have really underestimated the industrial data problem. They've tried to fix it per-use case, but you need to do it through a more robust data architecture, or what is called now data ops or data operations, where you're able to actually unlock data from the data silos, from the OT [operational technology] industrial systems and the IT systems. Make it available in a unified way so you can deploy and scale out use cases efficiently. IT cybersecurity for IT systems is a pretty mature area, but going into industry on what's called OT cybersecurity is still in its early days, and that's really a problem we need to solve.
And of course part of it is technology, but also a key part of it is how we educate our employees. Nobody, not an individual oil and gas company, nor a technology company, can do this alone. So you need to create ecosystems of collaborations. It's important both for profitability, but also for sustainability. A lot of this is around optimizing—how you can produce more using less emissions, less CO2 while you produce even more.
JP: And that's Hart Energy Live’s Tech Trends with me, Jennifer Pallanich. Every Tuesday we'll have a new episode drilling into the tech that fuels the oil patch at hartenergy.com/ep.
Recommended Reading
Trendsetter to Deliver Subsea Manifolds Offshore Brazil to Trident Energy
2024-06-13 - The subsea contract follows Trendsetter establishing local facilities in Brazil.
E&P Highlights: June 10, 2024
2024-06-10 - Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
International, Tech Drive NOV’s 2Q Growth Amid US E&P Headwinds
2024-07-29 - Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.
Artificial Lift Meets Artificial Intelligence, with Hit and Miss Results
2024-08-23 - Oxy and Chevron are among companies trying to find the sweet spot between data analytics and machine learning with human intervention to optimize production and predict failures before they happen.
Honeywell Bags Air Products’ LNG Process, Equipment Business for $1.8B
2024-07-10 - Honeywell is growing its energy transition services offerings with the acquisition of Air Products’ LNG process technology and equipment business for $1.81 billion.