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Leaders in the AI community came together to release the 2019 AI Index report, an annual attempt to examine the biggest trends shaping the AI industry, breakthrough research, and AI’s impact to society.

With a $10 million commitment from Shell, Rice University has launched Carbon Hub, a research initiative with the goal of creating a zero-emissions world by using oil and gas to create clean energy.

Proved oil reserves totaled 43.8 billion bbl at yearend 2018 while proved gas reserves amounted to 504.5 Tcf, both topping records set in 2017, the US Energy Information Administration said.

A new report says that production growth in the world’s most prolific unconventional basin is on the verge of stalling out.

The deal boosts Talos' 2019 production by 35%, helping the independent E&P company become one of the top 10 producers in the Gulf of Mexico.

The Anchor development in the US Gulf of Mexico is the first ultra-high-pressure project requiring 20-ksi operating pressure to reach a final investment decision.

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.