Data & Analytics
Working with Dell Technologies and NVIDIA, the French supermajor is targeting improved seismic processing and artificial intelligence applications.
A discussion at the inaugural executive breakfast convened by the SPE Data Science and Engineering Analytics Technical Section, held alongside CERAWeek by S&P Global and powered by Black & Veatch, tackled the challenge of value creation from artificial intelligence in the energy industry.
AI‑driven data center growth is straining US power grids and accelerating interest in enhanced geothermal systems as a scalable, low‑carbon solution.
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Shell is continuing its exploration of blockchain with yet another investment in the technology, this time investing in LO3, a startup using a modified version of the Ethereum blockchain to make it easier for individuals to buy and sell locally produced energy. -
Digital transformation: It’s a phrase that seems to be on the lips of everyone in the oil and gas industry, and that was certainly true at the inaugural Energy in Data conference held in Austin. The conference, however, showed that the transformation is more than on its way. It’s here.
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Firms such as Netflix have had a solid digital transformation strategy. Now, industrial companies, including in the oil and gas sector, are on a similar, if less dramatic, trajectory.
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First developed as a proprietary system by a large Permian Basin operator, this hydraulic fracturing schedule exchange will be run by a data company and opened up to the entire North American shale sector.
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Usually, field engineers manually pick events such as start and end times out of hydraulic-fracturing pumping data. This manual process is time-consuming and prone to error. Now, a Denver-based company is using machine learning to identify these events more accurately and consistently.
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Unlike structured data, unstructured data is information that either does not have predefined labels or is not organized in a predefined template, and inefficient management of this data is holding back the industry.
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In recent times, we have been inundated with articles concerning the oil and gas industry’s race toward digitalization and automation. The pillars of such a transformation are the rapidly evolving industrial Internet of things, secure cloud computing, data analytics, AI, and machine learning.
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Baker Hughes is still a GE company, but it has partnered with a second company for artificial intelligence expertise, C3.ai. The deal is expected to speed the integration of AI into oilfield operations by the company which also markets GE’s device analytics platform, Predix.
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Quantum computers exploit the peculiar behavior of objects at the atomic scale and use the qubit as the basic unit of quantum computing. A quantum computer with only 100 qubits would, theoretically, be more powerful than all the supercomputers on the planet combined.
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Merging tried-and-true physics-based models with data science is bolstering the Houston independent’s reservoir-engineering work on its deepwater and shale assets.
