Oil companies are being forced to explore in geologically complex and remote areas to exploit more unconventional hydrocarbon deposits. New engineering technology has pushed the envelope of previous upstream experience. No guidebook existed on how computing methodologies can contribute to E&P performance at reduced risk. Until now. A new book
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In the game of energy forecasting, you’re never 100 percent right. And for developing countries, forecasters face rapidly expanding economies and high political expectations. Such is the case in India. With its relatively young population (median age of 26), India is expected to take over China as the world’s most
I was asked to speak recently on a topic that includes two hyped terms: Big data and sustainability. At the risk of igniting an anti-buzzword campaign, I added a third over-used term to that list: analytics. Even though individuals and companies use those three words – big data, sustainability, and
In case you weren’t aware of the importance of forecasting for a utility company, it’s really BIG. Not only are you predicting the amount of power required to keep the lights on for fickle residential customers and for complex industrial businesses, you employ hedging strategies to protect against any unforeseen
"Big data" is a big deal for electric utilities. In a smart power grid, when you turn on the lights, you're generating data. When your neighbor plugs in his electric vehicle, he's generating data. When a heat wave causes retailers to crank up the air conditioning, they're generating data. All
How often do you question the availability of power? Outside of weather events, the answer is probably, “not much.” But what if you have an electric vehicle? Or manage a data center? Rely on either of those technologies and you might consider electricity as a constraint, around which you plan
Contrary to popular belief, utility executives are ramping up for “big data” in a “big way.” This industry, which historically focused on operational technologies like pole-mounted hardware, is making a big shift to information technologies to support initiatives such as distribution optimization and fraud detection. We recently invited senior utility
The Networked Grid event has kicked off in the Triangle. Home to over 60 companies working on smart grid technologies, the Research Triangle may be “the silicon valley of the smart grid,” says conference host GreenTech Media (GTM). As a leading analytics player already installed at over 500 utility customer sites, certainly SAS
Managing the deluge of smart grid data. Responding to the increased demand for customer intelligence. Implementing analytics for grid optimization. These were just a few of the topics covered at this week’s inaugural “Utility Analytics Summit.” Utilities have been grappling with implementation of smart grid devices for several years and
I just returned from the largest annual gathering of upstream oil and gas technology professionals. Some of the brightest minds in resource exploration – from graduate students to 50-year professionals – enjoyed the masquerade carnival that filled the exhibit hall on Halloween night. But the real entertainment was in the sessions.