From downtime to upside with oilfield predictive maintenance

Dust off that old aphorism about an ounce of prevention. Oil companies applying analytics for predictive maintenance can see a substantial downtick in the unanticipated equipment repairs that quickly eat into an oil well’s profitability. Maintenance is far from a trivial concern in the oilfield. A pumping oil well is [...]

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Build a culture that embraces big data challenges

Big data. Streaming data. Complex data. We’ve all heard the reasons why organizations feel like they’re facing an insurmountable data challenge. Now, it’s time to do something about it. For the past few years, SAS has helped some of the world’s leading companies make sense of an avalanche of data. [...]

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VirtualOil: volatility and the value of a hedge

This month we take a fresh analytical view of our hypothetical VirtualOil portfolio by comparing the forward price of WTI (the green line) to the prompt month price (red line). The resulting graphic (chart 1) demonstrates the relative stability of the 48-month forward price in contrast to a very active spot [...]

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How to prevent a failed proof of concept

A proof of concept (POC) is smartest way for customers to evaluate if a product meets the required objectives, and the best way for vendors to demonstrate why they feel they are best placed to resolve the current outstanding problems. However, not all POCs are successful. Let’s explore why. What is [...]

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Peaceful Earth Day tidings from a benevolent alien overlord…er, observer

Happy Earth Day, earthlings! As an outsider observing your planet, with absolutely no nefarious intentions whatsoever, I have to say you have a pretty good thing going there. I was sent by the leading…scientists on my planet, Kahnquur-7, to learn more about Earth, its dominant life form (yay, humans!), its [...]

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Oil benchmark back in the money, for now, with an eye on volatility

Oil is bouncing around the $50 range as the market adds and loses value with each new headline, from potential new Iranian exports after the nuclear talks to the slowest month of inventory builds at Cushing since Thanksgiving. The US rigcount is down nearly 23 percent year-over-year, but the rate [...]

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Big data lessons learned from visualizing 27 years of international trade data

In my last blog post, I introduced SAS Visual Analytics for UN Comtrade, which helps anyone glean answers from the most comprehensive collection of international trade data in the world. I’d like to share some of what we learned in the development process as it pertains to big data, high [...]

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Oilfield contextual analytics: Do you want to play a game?

In the Cold War techno-thriller WarGames, a marine monitoring a nuclear missile silo deep under the Nevada desert sees a red warning light blink on his console. “Just flick it with your finger,” his colleague tells him. He does, and the bulb goes out. Problem solved. But what will their [...]

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What can we learn from the world's largest repository of international trade data?

Did you know the US-Malawi trade relationship is based almost entirely on tobacco? Or that apparel & accessories drive Morocco & Tunisia exports while their North African neighbors rely on oil? The United Nations Statistics Division collects detailed international trade data from more than 200 countries on the import and [...]

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It’s the Internet of connected life at Mobile World Congress

The Internet of Things is coming fast and furious. We clearly know what these “things” are, and were able to see prototypes at last week’s Mobile World Congress (MWC) which hosted some 93,000 attendees. Things = connected life = cars, homes (thermostats, washer and dryers, vacuum cleaners, security systems, refrigerators, etc.), [...]

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