Modernising oil & gas: BP Ventures invests in Satelytics
Based in the cloud, the company’s technology features state-of-the-art technology utilising spectral imagery and machine learning (ML) algorithms to detect environmental changes such as leaks, which could prove a core asset in the bid to make oil and gas facilities safer.
Summarising the functions of its equipment, Satelytics details a seven-part process:
1. Data acquisition is carried out via a host of airborne sensors, including satellites, aircraft, drones and fixed platforms.
2. These sensors are able to detect light across the electromagnetic spectrum.
3. However, the sensors are designed to pick up on a limited band of frequencies in order to focus on specific phenomena.
4. Advanced algorithms can then detect these phenomena from data contained in the pixels of the image.
5. ML-driven analytics can then recognise, catalogue and recommend a course of action for the incident.
6. All of this data analytics is rendered on Satelytics’ chosen cloud platform AWS.
7. The company’s dashboard provides the user with a richly detailed visualisation of the data and can be configured to notify people automatically via smart devices.
Commenting on his company’s satisfaction at having been selected by BP, Sean Donegan, CEO of Satelytics, said, “BP’s early use of our detection and quantification software has inspired us to expand our capabilities.
“BP’s investment marks an inflexion point for Satelytics, which will assist us in expanding our technological capabilities and fuel future innovation.”
Developing safety in the industry
The $5mn investment from BP is part of the company’s larger goal of installing methane measuring equipment at all of its sites by 2023, which it hopes will lead to a 50% overall reduction in methane intensity.
“Satelytics is modernising the energy sector by making data about physical assets more accessible and digestible, leading to better decision making,” said Morag Watson, Senior VP of digital science and engineering at BP.
“We are excited to work closely alongside their unique team of scientists and technologists to help them evolve their technology and to continue to move the needle on industry digitalisation.”
Furthermore, David Hayes, MD for BP Ventures Americas and COO, added that the investment indicated the company’s seriousness for tackling climate change and the industry environmental effects.
“Earlier this year we announced our ambition to become a net-zero company by 2050 or sooner and to help the world get to net-zero.
“Advanced technologies such as Satelytics, integrating multiple approaches to efficiently detect emissions, have the potential to be a valuable tool that can support this work,” he concluded.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.