BP

The international major has been playing with intelligent programs for years, but this new deal shows that it is now ready to scale those efforts up to cover hundreds of thousands of pieces of equipment.

The expansion is expected to boost production of the deepwater Gulf of Mexico platform by approximately 30,000 BOE/D. It is the fourth major upstream project to begin production for BP in 2018.

Bob Dudley, the chief executive of BP, took charge of the London-based company when it was struggling to survive after the 2010 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico. Dudley recently talked about the oil industry, climate change pressures, and technology. 

Eni plans to buy a portion of BP’s interest in Libya’s Ghadames and Sirt Basins in an effort to relaunch exploration activity there next year.

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.

What do 60,000 sensors on 1,200 pieces of equipment add up to? Hopefully, hundreds of millions of dollars in savings.

ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.

BP has seen enormous payoff from a program to intervene in underperforming subsea wells in the Gulf of Mexico.

BP ends a year of speculation as to who will buy BHP Billiton’s much-coveted US unconventional business, transforming its Lower 48 portfolio in the process.

Just 2 months after issuing more than a hundred licenses, the Oil and Gas Authority begins the process again for a whole new set of blocks.