One of the most prominent challenges that the modern energy market and systems are constantly battling with is storage.
Our blog - IIoT thinking
The definition of a digital twin within Wikipedia states; “Digital twins refer to computerized companions of physical assets that can be used for various purposes.
Comparing oil sands with regular oil can highlight challenges that the former faces daily: oil sands can be tougher on the work force and safety measures, as well as present drawbacks financially.
Every person working in or with technology most likely knows about the Mirai attacks of 2016 and the consequences they had on the security standards of any software based technology appliances.
It is safe to say that digital transformation is a prominent fixture in the future strategic planning of businesses today, and companies are continuously spending more time and money on digitalisation for added efficiency and cost-effectiveness.
The starting point to any oil drilling and retrieval process is detecting the most profitable areas with the highest yield. Traditionally, to identify these areas technical solutions such as spectrometers, seismic waves, and satellite imagery have been used.
In 2011, Japan experienced a disaster that not only disturbed the communities around the country but also created a severe shortage in energy sources.
Over the last year, Dashboard has been actively following the news around fuel production and reporting on the most innovative developments in the field.
Whilst the digital oilfield has become ever more common over the last few years within the oil and gas industry, there are still barriers to its full implementation.
The concept of a floating wind farm has existed since the early 1970s but the first large-capacity, operational water-based wind turbine was not built until nearly 40 years later in 2009.