At the last TIBCO Analytics Forum, TIBCO announced its membership in the Open Group OSDU™ Forum, a group dedicated to providing a vendor-neutral platform for the development of open standards in the energy industry. Now, almost two years later, much has been accomplished by TIBCO and other members to enable transformational technology and support today’s evolving energy … [Read more...] about How The Open Group OSDU™ Forum is building for the future of subsurface innovation
Energy
Hear real-world stories about the transformational impact of analytics on the energy industry at TAF 2021
Want to learn about the top-trending energy and utilities (E&U) analytics and data management strategies that are helping companies evolve apace the rapid changes that characterize the industry? If so, join us May 25-26 for our virtual event, TIBCO Analytics Forum (TAF) 2021. You’ll hear stories from E&U industry leaders and partners that are as informative as they … [Read more...] about Hear real-world stories about the transformational impact of analytics on the energy industry at TAF 2021
3 Best Practices for Analytics Professionals to Bring Wind Power to Fruition
The world is racing towards global electrification, poised to provide electricity to the 20 percent of the global population currently without this utility. Leading the race is wind energy—specifically offshore. The transformation of the energy industry from “black gold,” oil, to “green gold,” renewable energy sources, will have varied far-reaching impacts. Fortunately, TIBCO … [Read more...] about 3 Best Practices for Analytics Professionals to Bring Wind Power to Fruition
Enertel Predicts Smarter Energy Investments with Analytics
Over the last 80 years, the oil and gas industry has evolved into a high-risk game. Today it’s funded by private investors and private equity with a high hurdle for returns. Drilling costs between $7 and $12 million per well, so if a mistake is made, it’s a seven-figure mistake. Companies like Enertel—that provide tools, data-driven insights, and strategic advice for clients … [Read more...] about Enertel Predicts Smarter Energy Investments with Analytics
From Crude Estimates To Accurate Precision In The Oil Fields
Determining proper oil well placement and spacing is a difficult task, but getting it right is vital to effective production. More complex than one might think, well spacing depends on a number of factors—there is no one-distance-fits-all to determine the perfect grid pattern for oil fields. Each reservoir has its own distinct properties that must be analyzed before … [Read more...] about From Crude Estimates To Accurate Precision In The Oil Fields