Welcome!

News Feed Item

GE Oil & Gas Wins Two “Spotlight on New Technology” Awards at OTC 2014

Each year, the Offshore Technology Conference (OTC), taking place May 5-8 in Houston, recognizes innovative technologies that have industry-changing potential in the energy sector. The “Spotlight on New Technology Awards” showcase the latest and most advanced hardware and software solutions that are advancing the offshore exploration and production industry to new levels of safety, productivity and efficiency.

GE Oil & Gas (NYSE:GE) has been honored with two 2014 Spotlight on New Technology Awards for its innovative SeaLytics™ BOP (Blowout Preventer) Advisor and GFI™ Ground Fault Immune Electric Submersible Pump (ESP) Monitoring System products. In keeping with the criteria for winning technologies, GE’s technologies offer broad appeal for the industry, provide significant benefits beyond existing technologies and have been proven through full-scale application or successful prototype testing. GE is one of two companies to receive multiple 2014 Spotlight awards.

SeaLytics BOP Advisor

Technology: GE’s SeaLytics BOP Advisor monitoring and predictive maintenance solution enables drilling contractors to monitor the performance of BOPs and plan their maintenance by using predictive analytics based on actual component performance data.

Customer Benefit: When a BOP is offline for unplanned service, the cost to the drilling contractor can be significant, both in terms of idled crews and missed opportunities. A lengthy downtime event can ripple through a rig’s drilling schedule well beyond the initial system outage. GE’s SeaLytics BOP Advisor is designed to improve BOP system uptime and reduce unnecessary maintenance, which leads to better cost forecasting, all of which provide significant performance benefits to the user.

SeaLytics BOP Advisor enables jackup and drillship contractors to move from a “when it breaks, fix it” approach to a predictive maintenance planning mode. The technology communicates beyond the drilling operator’s cockpit, or “doghouse,” letting the rig share its status with operations leaders located onshore or with drilling teams on other vessels. Because SeaLytics BOP Advisor can identify components that may need service in advance, the contractor can service equipment when scheduling opportunities arise.

GE Cross-Business Technology Sharing: SeaLytics BOP Advisor was the first product to be developed at GE’s new Software Center of Excellence (COE) in San Ramon, California. The Software COE brings together the biggest ideas and latest technologies from across GE, enabling products like SeaLytics BOP Advisor to take full advantage of the company’s development expertise and broad investment across all of GE in Industrial Internet technologies and solutions.

Why It Matters: “SeaLytics BOP Advisor collects and analyzes high-fidelity information about an operator’s complete BOP system, enabling the operator to predictively manage equipment performance,” said Chuck Chauviere, president of drilling systems—GE Oil & Gas. “Most importantly, SeaLytics BOP Advisor data empowers the offshore driller with critical information needed to maintain a high degree of safety to protect the crew and the environment.”

GFI Ground Fault Immune ESP Monitoring Gauge

Technology: With conventional monitoring systems for ESPs, when a ground fault occurs on the ESP power cable, the gauge’s power supply is cut off. Although the pump continues to run, its performance is no longer monitored, thus reducing the operator’s ability to effectively monitor activities and optimize production. To address this decades-old problem, GE’s Zenith GFI ESP Monitoring System is the first ground fault-immune gauge that is designed not to be disturbed by cable ground faults, allowing operators to manage against production losses and equipment failure through continued, reliable data delivery despite ground fault conditions.

GE’s Zenith GFI solution includes a unique new power and communications system that enables the gauge to operate with imperfect insulation on the ESP cable. The new system also provides faster data sampling than alternative gauges and delivers ESP cable condition measurements in addition to standard industry parameters.

Customer Benefit: This pioneering technology is set to have a significant impact on the artificial lift market, with an average of 15 percent of existing ESP gauges losing production data due to ground faults within the first year of operation, resulting in up to a 25 percent reduction in fluid output compared to pumps optimized with a live downhole gauge. A 25 percent loss from a well producing 800 BPD at $100 per barrel would equate to $7.3 million per year in lost revenue from a single well. The GE Zenith GFI system enables operators to help avoid such losses.

GE Cross-Business Technology Sharing: The Zenith technology and its experts joined GE Oil & Gas as part of GE’s July 2013 acquisition of Lufkin Industries.

Why It Matters: “All too often in ESP operations, a ground fault will cause downhole monitoring systems to fail and leave operators running blind,” said Dave Shanks, development manager for GE’s Zenith technologies—GE Oil & Gas. “This can result in up to a 25 percent reduction in fluid output when compared to a pump optimized with a live downhole gauge, resulting in a significant loss of production. Our Ground Fault Immune gauge offers a monitoring solution that is designed not to be disturbed by these types of faults for the first time.”

About GE Oil & Gas

GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.