Subsea power distribution systems will play a major role in the future of subsea field development projects. Once the Siemens Subsea Power Grid (SPG) is released to the market, the technology will increase tieback ranges massively and hike reserve recovery levels, the company told SEN.

Challenges and opportunities are plentiful in the digital oil field.

In June Petrobras reached a record high oil and gas output of 2.81 MMboe/d, up 0.6% compared to the previous month.

Technology has been a key ingredient to helping the oil and gas industry navigate life in oil and gas fields post-downturn.

Amid the disconcerting economic news of the past several years, a quiet revolution has been taking place. Pre-engineered, capital-efficient solutions are carving a niche in the industry product roster.

As the quest to find new sources of oil and gas takes operators farther and deeper offshore into harsher environments, so does the need for technologies capable of withstanding higher temperatures and pressures.

Technology can be a blessing and a curse. Just ask any engineer that spends chunks of the work day navigating in and out of software programs while tackling engineering, procurement, construction and installation (EPCI) jobs.

The oil industry’s top equipment and services suppliers are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry.

When it comes to improving field economics, industry leaders say subsea boosting should be considered a “default solution” when developing hydrocarbon resources offshore.

The concept of the digital oil field has been on the technology radar in earnest since the turn of the century but it remains a tantalizing vision, seemingly always just out of reach.

The Offshore Technology Conference (OTC), which takes place May 1-4 in Houston, has named 17 technologies that will receive the 2017 Spotlight on New Technology Award.

Eelume’s robotic sea snake, a new underwater intervention vehicle, is moving closer to becoming commercially deployed after taking a 150-m (492-ft) winter dive in a Norwegian fjord near Trondheim, proving its abilities to maneuver, record video and snap photos.