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The ecosystem in which an algorithm must live in order to deliver value must be viewed as a whole. The algorithm can be viewed like a car’s engine. It’s rather important, but it’s not a car yet.
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Digitalization leads oil and gas research and development investment priorities, according to DNV’s 2019 annual outlook.
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While the visual element is key, the core strategic component of data visualization is the ability to unlock the story in the data.
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Instinctively, we feel that greater accuracy is better and all else should be subjected to this overriding goal. This is not so. While there are a few tasks for which a change in the second decimal place in accuracy might actually matter, for most tasks, this improvement will be irrelevant.
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The discovery is world’s third-largest natural gas discovery in the past 2 years.
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This paper presents the findings of a research project and the content of IPIECA’s “Practitioner Note on Monitoring and Evaluation of Social Investment,” which focus on the challenges faced by companies considering an increase in stakeholder demand for evidence-based reporting of social investment.
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The technical challenges imposed by tight well spacing and fracture interactions have become a focal point of recent earnings calls between investors and the leaders of several shale producers. The picture of the future is becoming clearer, and there are fewer oil wells in it.
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BP Trinidad and Tobago began first gas production from its Angelin development on 26 February.
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The vessel will produce approximately 2.5 mtpa of LNG for the project, which is expected to deliver first gas in 2022.
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The past year ended with a surge of subsea tree awards as E&P operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?
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McDermott International announced a “large” contract award from Saudi Aramco for the engineering, procurement, construction, and installation (EPCI) services in the Marjan field offshore Saudi Arabia. The contract calls for the upgrade of two existing platforms related to the installation of associated equipment for electrical submersible pumps, as well as space for a…
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The Abu Dhabi National Oil Company (ADNOC) has awarded South Korea’s SK Engineering and Construction Company a contract to build what it calls the largest underground project ever for oil storage. Under the terms of the deal, SKEC will construct three underground storage caverns in the Emirate of Fujairah on the eastern coast of the United Arab Emirates. Each cavern w…
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