Delivering more cost savings for the offshore oil and gas industry From WorkBoat – Dr. William J. Pike In recent years, the oil and gas industry has changed rapidly in response to low oil prices. Among the most significant changes is a move toward using automation and artificial intelligence (AI) in operations that should significantly lower costs. It has worked
Targets 2018 upgrades to stay below $34 million Precision Drilling Corporation (ticker: PDS) had fourth quarter 2017 revenues of CDN$347 million, an increase of 15% over Q4 2016. Precision posted a Q4 2017 net loss of CDN$47 million, or (CDN$0.16) per share, compared with a net loss of CDN$31 million (CDN$0.10 per share) in the fourth quarter of 2016. During
Drone analyzes 100 km of pipeline anomalies in one hour, a task estimated to take one week for human manpower for inspection SkyX Systems Corporation has developed a drone system and tested it by collecting data in a flight over a 100 km (62 miles) pipeline. The SkyOne Unmanned Aerial System (UAS) flew over an unnamed pipeline in Mexico collecting
