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The application continuously uses machine-learning algorithms to aggregate historical and real-time data across production operations. Additionally, the application uses a hybrid approach that draws on physics-based and data-driven AI models to generate predictions and prescribed actions.
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Alta Mesa Resources is not the biggest shale startup to go bankrupt, but was its early death rooted in petroleum engineering or financial engineering?
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The report on unmanned aerial vehicles in industry presents overarching themes and concerns, including navigating regulations, finding the right technology, and finding ways to educate the public about drone operations.
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Recently, the hype around artificial intelligence and machine learning caused several people to ask me how much of a project is actual machine learning. Based on man-hours spent on the project, I estimate that only about 5% of the effort is spent directly on data-science-related activities.
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This paper shows how high-frequency, real-time drilling data from wired drillpipe has helped optimization of drilling performance and achievement of additional improvements in the New Mexico Delaware Basin.
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This paper discusses how oil and gas companies are using a new generation of AI-driven applications powered by computational-knowledge graphs and AI algorithms to create a digital knowledge layer for oil and gas wells that provides a timeline of significant well events.
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Hess is testing whether it can drive drilling improvement by combining drilling rigs equipped with automated functions and humans determined to find a way to beat the programmed drilling.
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The complete paper presents a process used to successfully implement a rig-based drilling advisory system (RDAS) across a mixed group of rig contractors.
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Wood Mackenzie expects the ongoing outbreak and disruption to the world’s second largest economy to be a one-off event, yet it could remove at least 500,000 B/D of crude demand in the short term.
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The national oil company has bought $5 million in new shares, which Vakt says will be used to upgrade its platform and plan for expansion in Southeast Asia.
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A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022.
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After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order.
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