IIOT Oil & Gas

One of the more memorable experiences from my years with GE’s renewable energy business was managing through a growth spurt in the wake of the 2008 financial crisis. From 2009–2012, U.S. installed wind capacity more than doubled, from 25 GW to 60 GW. The 14 GW installed in 2012 remain a single-year record. It is no […]

Each year, the Connected Plant Conference, presented by POWER and Chemical Engineering, recognizes people who are in the front line of implementing digital technologies in the power and chemical process industries. This year, we congratulate the following winners of the “Game Changer” awards, who will be honored at the Connected Plant Conference in Atlanta, Georgia, […]

A primitive but unique ransomware variant that emerged in mid-December can forcibly stop a number of processes, including multiple items related to industrial control system (ICS) operations, industrial cybersecurity firm Dragos warned in a detailed report on Feb. 3. The ransomware known as “EKANS” (or “Snake,” which is “EKANS” spelled backwards) is “relatively straightforward” as […]

In the year 2020, the energy sector will continue to undergo major changes. From doubling-down on alternative energy sources—as the world places more importance on sustainability—to the large number of workers retiring in droves, there will be substantial shifts in the way energy companies, including power generators and oil and gas producers, prioritize in the […]

In a recent conversation with POWER, GE Digital CEO Pat Byrne discussed why GE made key changes to the lucrative business, streamlining it to focus on four key markets, including electric utilities and power generation.  GE has been at the forefront of the innovation in the energy sector since Thomas Edison formulated the essential requirements […]

The pace at which new digitalization technologies are being adopted in the power sector is dizzying, but news from major players in the sector—among them, AES, Invenergy, Google, and IBM—this week suggests it will only accelerate.  For more insight into power plant digitalization, including the latest in digital monitoring, diagnostic, analytics, Industrial Internet of Things […]

GE will retain its lucrative digital business—not spin it off, as had been planned—but it will sharpen the division’s focus on four key markets, including electric utilities and power generation, GE Digital CEO Pat Byrne told customers in an Oct. 31 letter. “I want to affirm that GE Digital is staying in GE,” Byrne wrote. […]

Oilfield service providers are increasingly moving beyond oil and gas development work, and into renewable energy projects, according to a study conducted by Rystad Energy, an independent research and business intelligence company that provides data, tools, analytics, and consultancy services to the global energy industry. In findings released on Oct. 29, Rystad said that oil […]

XENOTIME, a cyberthreat activity group thought responsible for TRISIS/TRITON malware attacks on safety instrumented systems (SIS) at an oil and gas Middle Eastern facility in 2017, has been probing power company networks in the U.S. and elsewhere, new intelligence from industrial control systems (ICS) security firm Dragos shows.  “In February 2019, Dragos identified a change in […]

Electricity demand spiked considerably in South Australia this past January as residents tried to stay cool in the middle of a record heat wave that brought temperatures up to 46.6°C (or about 115°F). To ensure a stable power supply would be available, the South Australian government fired up two power plants (276 MW) that the […]