Press

Acteon Group and Arundo Analytics to Deliver Advanced Machine Learning Applications in Subsea Services

Posted by OilVoice Press - OilVoice

10-Apr-2018


OSLO, Norway: Acteon Group, an integrated global provider of subsea services, and Arundo Analytics, a software company enabling advanced analytics in heavy industry, today announce a partnership to deliver machine learning models for subsea applications on the Arundo Enterprise platform.

Core to Acteon's business is using its deep domain expertise in subsea equipment monitoring, data analysis and engineering insight to support customers with their engineering and cost challenges – both current and future – by providing efficiency-driven solutions.

Using its industry insight and subsea expertise, Acteon, will work with Arundo as one of its preferred partners to develop high-value advanced analytics for its operating companies. With this, it will be used to support its global customer base, using tools including machine learning and artifical intelligence to help reach Acteon's ambition of reducing the cost of asset ownership by 30%.

Paul Alcock, EVP of Acteon Group, said: “We have a range of service lines focussed on data capture and interpretation across all stages of the field life cycle. The aim of this partnership with Arundo Analytics is to align our digital solutions with advanced analytics to deliver operational efficiency increases to our clients through improved data insight.

“The practical application of digital tools to deliver real results is vital in the modern energy industry, and the alignment of Acteon's expertise with a powerful analytical platform will deliver reduced risk and efficiency gains for customers through the ability to predict repairs and costs, respond faster and provide clear, globally available information."

Cody Falcon, VP Product at Arundo, added: “The Arundo Enterprise platform's ability to rapidly deploy and manage machine learning models at extreme scale across multiple businesses and clients is a key advantage for Acteon as it seeks to quickly deliver value from advanced analytics to its customers.”

Acteon GroupArundo AnalyticsSubseasoftware

More items from oilvoice


Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 13 days agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 5 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 5 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 5 months agoPress > TotalDividend
All posts from oilvoice