IEA January Oil Market Report
This market report examines the effectiveness of a possible six-month probation on production.
Gas-Rich Australia a Nett Exporter
Australia is rich in commodities, including fossil fuel and uranium reserves. It is one of the few countries belonging to the Organization for Economic Cooperation and Development (OECD) that is a significant net energy exporter, sending nearly 70% of its total energy production (excluding energy imports) overseas, according to data from Australia’s Bureau of Resource and Energy Economics (BREE).
EIA Short-Term Energy Outlook (STEO)
The following is the February 2017 instalment of the monthly forecast provided by the U.S. Energy Information Administration.
Bids & Pieces
Scene & Heard
Era of Automation
Despite being one of the driving industries of cutting-edge technology the oil and gas industry still seems resistant to rig automation. This article looks at some of the benefits and proponents of rig automation.
Automated Hardware-In-the-Loop Testing
While the testing and verification regime for structures and machinery systems is well established, most of the computer systems on today’s vessels are put into operation without independent testing and verification. The risk of software failure can be mitigated by performing Hardware- In-the-Loop (HIL) testing. HIL testing is a well proven test methodology from several other industries. It facilitates systematic testing of control system design philosophy, functionality, performance, and failure handling capability, both in normal and off-design operating conditions, and is conducted in a virtual test-bed where there is no risk to man, vessel, or equipment. In order to perform testing in an efficient and effective way, automated HIL testing has been developed. This paper briefly presents HIL testing for DP control systems and shares experiences and challenges from automated HIL testing performed on a series of Edison Chouest Offshore platform support vessels. This is the result of a joint effort of Marine Technologies and Marine Cybernetics. By developing an enhanced HIL interface towards the DP control system, Marine Technologies provides the possibility to replace the DP Operator with a virtual one, offering the opportunity for running automated software regression testing with Hardware-in-the-Loop technology developed by Marine Cybernetics.