The Internet of Things (IoT), sensors and connected devices are all the buzz leading up to DistribuTECH (Feb 9-11), so I sat down with one of our IoT specialists, Lorry Hardt to learn more. Lorry will be at DistribuTECH to support our joint demonstration with Intel and gave me the
A successful energy savings program is a good thing for utilities, right? The truth is, that success can result in unintended consequences. One of our utility customers shared this example with me recently: "Let’s say we offer a free LED light bulb to every customer, and everyone removes an old bulb that used 75
Year-end outlooks from most analysts project the low-price environment in the oil market will continue for most of next year, but some pundits emphasize that the market has bottomed out and suggest recovery, though gradual, may be seen if increasing demand outpaces supply growth and sops up some of the
Though crude oil prices edged up last week, the market remains well below VirtualOil’s original $50 strike price, meaning the hypothetical portfolio’s production is shut in in the spot market again. Oversupply continues while China GDP forecasted growth is slowing. Given the market outlook, the VirtualOil board has decided to
Since our last VirtualOil update in May, oil prices have continued to take a beating. As the chart of the rolling five-year portfolio shows, much of our strip of options is now out-of-the-money and the average value per barrel of that optionality has sunk below $7. No surprise then that
With presidential candidates targeting alternate energy development, the Clean Power Plan officially in place last month, and the rapid evolution of connected devices and the Internet of Things -- life in the energy sector is even more interesting than usual. To catch up on the latest developments, I sat down with one of
I recently saw an article on washingtonpost.com showing what methods are used to generate electricity in each state. The data was interesting enough that I decided to try my hand at graphing and mapping it with our SAS software. Read along to see what I kept the same, and what
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
Operations technology (OT), such as control systems, are crucial elements in our daily lives. They make the stoplights function at intersections. They guide robots with precise movements on the shop floor. Their switches and routers are the backbone of our internet. But what if they were even more intelligent? What
It’s mid-afternoon. You just ate lunch. You were up early with the kids and had 4 back to back meetings today and now you need to mark off a few more items on your “To Do” list before the end of the day, but when you sit down, you’re suddenly
I'm not just talking about all the energy put in planning, scheduling, and supporting this great event, which is in Dallas, TX next week, April 26-29. I'm talking about all the presentations about using analytics in energy related industries, particularly in Utilities and in Oil and Gas. There is a
Whether it’s a smart water meter or a complex combustion turbine, expectations of reliability for complex, connected machines have increased across the board. Due to higher visibility and the availability of advanced analytics, companies know they should be able to identify emerging safety and reliability issues in these assets. By
As utilities expand analytic capabilities into more areas of the business, the reality of the data management challenge becomes very real. Most have accepted the era of "big data." But what about the quality of that big data? Is it reliable? What about the governance? Have the processes changed since
Have you ever wondered whether the area where you live is a good location for producing solar power? Let's create a SAS map to help find out! To get you in the right frame of mind, here is an awesome picture of some Arizona sunshine, that my good friend Eva
Whether it’s to reduce churn in competitive markets or to elevate customer satisfaction rankings in regulated markets, customer analytics is hot right now in utilities. However, the complexity that utilities have built into their processes and technologies over the past decades makes customer analytics a more challenging issue to tackle
The energy & utilities industry as a whole has experienced a seismic shift over the past five years due to rising costs and price pressures, and has become a priority discussion on the political and media agenda. Falling demand overall combined with “peakier” peaks is making supply, forecasting and public
I’ve been told I have rocks for brains before, but right now I have rocks on the brain – the kind that are millions of years old and contain precious stores of oil and gas. One reason I have petroleum on my mind is that I’ve just returned from Brazil, where
In the energy industry, oil and gas companies as well as utilities are struggling with many changes at once. First, they're facing what the oil and gas industry has coined "the big crew change," meaning the retirement of those with the most skills and experience on how to run their
“Technological innovation is no longer a choice: it is an imperative.” So said Scott O’Malia, Commissioner of the Commodity Futures Trading Commission, about trade surveillance during his keynote address at the recent SAS-sponsored New Risk in Energy 2014 conference in Houston. He was attempting, as he has before, to spur
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
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
Drilling a well is costly, risky and fraught with hazards for both man and machine. So why does most well behavior surveillance rely solely on historical data? Why not include a data driven approach that can also predict what might happen next? One great example is wellbore breathing. Annular pressure
From what I've seen, the energy industries appear to be at a tipping point in their interest and adoption of advanced analytics. If there's any question about how analytics can be used to benefit these industries, consider a few examples:. How much demand for electricity will there be and when?
"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
The value of analytics to solve multiple business problems really makes analytics the ultimate reusable business investment, or as they say in the energy industry, it may be called a renewable resource. As I've commented before, organizations spend billions of dollars on storing data, and unless you happen to be a
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
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.
Many years ago I served as the program manager for the NC Alternative Fuel Vehicles program. The goal of the program was to promote the usage of various vehicle types that were alternatives to gasoline powered vehicles. One of the main programs in this set of grants was the Clean
Since deregulation, the energy and utilities industries have counted among the most complex, posing virtually insoluble problems thanks to a variety of trends and counter trends. That was the key conclusion of discussions in the Energy & Utilities insight session at The Premier Business Leadership Series, which was led by
