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Hamm, who has served as CEO since founding Continental in 1967, will become executive chairman effective 1 January.

The US major will keep its overall budget flat for a third straight year, but the expectation of lower oil and gas prices long-term will result in tax impairment charges of $10 billion–$11 billion. More than half of those charges will come from its Appalachia Shale gas assets.

A Denver-based company has been installing data centers at shale drilling sites to take advantage of excess natural gas. Now, according to a new Bloomberg report, that company hopes to harness some of that gas to power data centers for Bitcoin mining.

Schlumberger and Dataiku have entered into an exclusive technology partnership that will enable companies in the exploration and production industry to build and deploy their own artificial intelligence solutions across the full breadth of their upstream work flows.

The December issue of the peer-reviewed SPE Journal includes a spotlight section on data analytics, presenting paper SPE 195698, “Prediction of Shale-Gas Production at Duvernay Formation Using Deep-Learning Algorithm.”

The data analytics firm projects US dry gas output growth will shrink to 2 Bcf/D next year from 8–9 Bcf/D in 2018 and 2019.

As part of the contract, Wood will provide the topside modifications needed for the Snorre A and Gullfaks A platforms to integrate the Hywind floating wind park with existing systems powering the facilities. The platforms will be the first to receive electric power from floating wind turbines.

First steel has been cut for the minimum facilities wellhead platform for the Apsara field offshore Cambodia, the country’s maiden oil development. Operator KrisEnergy said production is scheduled to begin in the first half of 2020.

Under the agreement, the Oklahoma City independent will monetize half of its working interest in 133 undrilled locations in the form of a $100-million drilling carry during the next 4 years.

The resignations come as the company makes downward revisions to its production guidance after a disappointing performance from its TEN and Jubilee fields offshore Ghana.