artificial intelligence

BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence and digital capabilities in its upstream business.

Artificial intelligence has come to the oil patch, accelerating a technical change that is transforming the conditions for the oil and gas industry’s 150,000 US workers.

Researchers borrowed equations from calculus to redesign the core machinery of deep learning so it can model continuous processes like changes in health.

Digitalization in the oil and gas industry has been the focus of much discussion, but little has been written on the slow rate of adoption. This paper outlines some of the barriers the industry faces as it assimilates into Industry 4.0—automation and data integration in manufacturing.

BP has invested more than $100 million into nine different startup companies in the past 2 years—but only one of them wants to turn your brain into a piece of its software.

A new detection and alerting methodology, validated on more than 100 North America onshore wells, blends well information and real-time data to determine a probabilistic belief system. An operator used the system to detect, predict, and alert rig crews to washouts and pump failures.

Machine learning and artificial intelligence technology offer offshore operators the chance to automate high-cost, error-prone tasks to avoid the effects of inconsistency and errors in analysis, improving efficiencies and safety.

Technologies are being developed that have the potential to support marine mining in all stages from prospection to decommissioning. These developments will likely have substantial influence in the oil and gas industry, itself searching for ways to maximize exploitation of assets.

Hundreds of rod-lift wells in North Dakota are about to get a big upgrade.

Total is expanding its development and use of artificial intelligence to bolster its exploration work, collaborating with Google Cloud—which is stepping up its presence in the oil and gas industry.