Digital Transformation
Artificial intelligence is transforming—not replacing—petroleum engineering. As AI-driven, data-centric methods replace traditional deterministic models, engineers must adapt by acquiring skills in data science, algorithmic thinking, and software tools. The industry’s evolution raises a critical question: Will petroleum engineers evolve with these changes or risk beco…
Digital transformation in the oil and gas industry is likened to a major home renovation—requiring a clear vision, skilled collaboration, patience, and investment in lasting solutions. Though the process is challenging, the end goal is an improved, future-ready operation.
Students at the Melbourne, Australia, university took home first place at the 32nd US-based Intelligent Ground Vehicle Competition.
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This article highlights interesting applications of machine learning in the oil and gas industry in drilling, formation evaluation, and reservoir engineering. Each project uses a data-driven model to solve a previously complex problem using machine learning to augment an existing solution.
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The AI revolution in the market for consumer goods by companies like Amazon and Alibaba led to significant changes in the market dynamics. Similar impacts can be expected in the midstream industry as the AI revolution unfolds there.
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Meet the group advancing digital technology adoption within one of the largest oil and gas producers in the US. Its aim is to cross-pollinate reservoir engineers with data scientists to create a 21st century workforce.
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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.
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The 5-year-old software startup is getting noticed by the oil and gas industry for its ability to accelerate analytics projects by taking care of all the tedious work involved with data wrangling.
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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.
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The same tools that make it fun and easy for you to see a friend's updates online are also pretty good at tying together unconnected databases holding valuable well information.
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What do 60,000 sensors on 1,200 pieces of equipment add up to? Hopefully, hundreds of millions of dollars in savings.
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Video games have been seen as a big waste of time for years by parents around the globe. But now, the oil and gas industry sees the underlying technology as a big time saver.
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Well-interference issues can be hard to diagnose, but this startup may be figuring that out. The data-driven process it developed can also help operators come up with more effective ways to use diverters.