digital barrels the rise of machine learning in oil

  • Oil is up nearly 70% since the election, a record in the

    Goldman Sachs now says US oil prices will average $72 a barrel in the third quarter, up from $62 previously. Some investment banks are even calling for a new "supercycle" that could carry oil

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  • Oil Industry Turns To AI To Help Confront Daunting Challenges

    Mar 26, 2021· Faced with all these challenges, the oil and gas industry is increasingly embracing digital tools such as machine learning and artificial intelligence (AI) to improve its efficiency in producing

    Get Price
  • Suez Canal Blockage Risks Pushing Gas Prices Higher After

    About 600,000 barrels of crude oil pass through it daily from the Middle East to the US and Europe, according to Braemar ACM Shipbroking data cited by Bloomberg. Another 850,000 barrels are

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  • The oil and gas organization of the future McKinsey

    New job classes and capability profiles will rise, and many of these (such as data scientists, statisticians, and machine-learning specialists) simply don't exist in oil and gas companies today. Within ten years, oil and gas companies could employ more PhD-level data scientists than geologists, either in-house or through partnerships with

    Get Price
  • Oil Drops With Virus Risks in Europe Dimming the Demand

    (Bloomberg) -- Oil plunged the most in nearly two weeks as growing delays in Europe's reopening and looming Iranian supply dampened hopes for a swift decline in global inventories.Futures in New

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  • Oil ticks up on global economic outlook, plummeting US

    Mar 11, 2021· Crude oil stocks, however, jumped 13.8 million barrels last week, far exceeding forecasts for a 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm

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  • OPEC Plus Agrees to Keep a Lid on Production, Sending Oil

    Mar 04, 2021· As part of the agreement, Russia, which has been pushing hardest for increases, will be allowed to produce an additional l130,000 barrels a day, while Kazakhstan was granted a

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  • Digitalization and Energy Analysis IEA

    The oil and gas industry will furthermore see more wearables, robotics, and the application of artificial intelligence in their operations. Widespread use of digital technologies could decrease production costs between 10% and 20%, including through advanced processing of seismic data, the use of sensors, and enhanced reservoir modelling.

    Get Price
  • Digital Barrels: The Rise Of Machine Learning In Oil And

    Digital Barrels: The Rise Of Machine Learning In Oil And Gas How automisation, machine learning and artificial intelligence could save the oil industry from itself . Machine learning and other big data applications could save the oil and gas industry as much

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  • Oil Industry Turns To AI To Help Confront Daunting Challenges

    Mar 26, 2021· Faced with all these challenges, the oil and gas industry is increasingly embracing digital tools such as machine learning and artificial intelligence (AI) to improve its efficiency in producing

    Get Price
  • Oil, Gas Companies Deploy AI In The Fight To Reduce Carbon

    Mar 28, 2021· Oil and gas companies, especially the big international ones, are under increasing pressure to reduce their carbon footprint in accordance with

    Get Price
  • Oil prices rise on economic outlook, drawdown in fuel

    Crude inventories, however, rose by 13.8 million barrels in the week to March 5 to 498.4 million barrels, compared with analysts' expectations in a Reuters poll for an 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm mid-February that stalled refining and forced production shut-ins in Texas.

    Get Price
  • Oil prices rise on economic outlook, drawdown in fuel

    Crude inventories, however, rose by 13.8 million barrels in the week to March 5 to 498.4 million barrels, compared with analysts' expectations in a Reuters poll for an 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm mid-February that stalled refining and forced production shut-ins in Texas.

    Get Price
  • Oil price 'supercycle' is unlikely, says the IEA CNN

    Mar 17, 2021· "Oil's sharp rally to near $70 per barrel has spurred talk of a new supercycle and a looming supply shortfall. Our data and analysis suggest otherwise," the

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  • Johan Sverdrup Field's Oil Output Capacity to Grow

    Jan 28, 2021· The Johan Sverdrup, Norway's giant oil field in the North Sea, is expected to increase its daily production capacity up to 535,000 barrels of oil by mid-2021, Equinor, the operator of the field said. The increase is around 100,000 barrels more than the original basis at start-up in October 2019.

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  • The rise of the digital economy: Where the jobs are

    Jan 20, 2020· Asked if Singapore is making the digital transition too quickly, OCBC's head of treasury research and strategy Selena Ling said given how the rise of the digital economy is

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  • The oil and gas organization of the future McKinsey

    New job classes and capability profiles will rise, and many of these (such as data scientists, statisticians, and machine-learning specialists) simply don't exist in oil and gas companies today. Within ten years, oil and gas companies could employ more PhD-level data scientists than geologists, either in-house or through partnerships with

    Get Price
  • The rise of the digital economy: Where the jobs are

    Jan 20, 2020· Asked if Singapore is making the digital transition too quickly, OCBC's head of treasury research and strategy Selena Ling said given how the rise of the digital economy is

    Get Price
  • The digital transformation in upstream oil and gas

    Embracing digital for good. Once the first loop of the DOT framework is completed at an asset or operation level, companies should consider mechanizing and augmenting more and more brownfield assets and expand their digital coverage at a company, and ultimately, at an ecosystem, level. Every completed loop could throw open new operating, capital, and business models for a

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  • Digital Barrels: The Rise Of Machine Learning In Oil And Gas

    Machine learning and other big data applications could save the oil and gas industry as much as $50 billion in the coming decade, according to management consulting firm McKinsey & Company. Since the cratering of the global oil price in 2014, companies

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  • Oil rises nearly 2% on US vaccine rollout, Middle East

    2 · NEW YORK: Oil prices rose nearly 2% on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites. Crude prices have remained rangebound in the past three weeks, as growing expectations of surging US economic activity are balanced by the slow rate of vaccination in Europe

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  • Digital twins are delivering new efficiencies for the oil

    The rise of the internet of things (IoT), artificial intelligence (AI), machine learning and cloud computing has fuelled the adoption of the digital twin model by industry-leading companies. BP is among those invested in the technology, and has

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  • From bytes to barrels

    tory advisory across all oil and gas subsectors—upstream, midstream, oilfield services, and downstream. In the digital space, Mittal has authored many publications at Deloitte, including Connected barrels: Trans-forming oil and gas strategies with the IoT and Protecting the connected barrels: Cybersecurity for upstream oil and gas. Andrew

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  • Digital Awareness Training for Oil & Gas Organizations

    Geoffrey published his first book, 'Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas', in 2019, to answer the who-what-when-where-why of digital on the oil and gas industry. His book is required reading at many oil and gas companies keen to get ahead of the wave of digital change.

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  • From bytes to barrels

    tory advisory across all oil and gas subsectors—upstream, midstream, oilfield services, and downstream. In the digital space, Mittal has authored many publications at Deloitte, including Connected barrels: Trans-forming oil and gas strategies with the IoT and Protecting the connected barrels: Cybersecurity for upstream oil and gas. Andrew

    Get Price
  • How to achieve technology innovation in the oil and gas

    The rise of new technologies, coupled with the ongoing global push for a reduced environmental impact, is altering the industry. Organisations across the sector face growing pressure to streamline their operations in order to improve overall efficiency and unlock additional barrels of oil to maximise revenue.

    Get Price
  • Oil ticks up on global economic outlook, plummeting US

    Mar 11, 2021· Crude oil stocks, however, jumped 13.8 million barrels last week, far exceeding forecasts for a 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm

    Get Price
  • How to achieve technology innovation in the oil and gas

    The rise of new technologies, coupled with the ongoing global push for a reduced environmental impact, is altering the industry. Organisations across the sector face growing pressure to streamline their operations in order to improve overall efficiency and unlock additional barrels of oil to maximise revenue.

    Get Price
  • The digital transformation in upstream oil and gas

    Despite a deluge of digital advancements, upstream oil and gas companies have been slow to seize the opportunity. The prize of going digital is clear, but for most companies, getting there is not easy. A coherent road map could help make sense of the digital muddle and drive more value.

    Get Price
  • Digitalization and Energy Analysis IEA

    The oil and gas industry will furthermore see more wearables, robotics, and the application of artificial intelligence in their operations. Widespread use of digital technologies could decrease production costs between 10% and 20%, including through advanced processing of seismic data, the use of sensors, and enhanced reservoir modelling.

    Get Price
  • Oil Industry Turns To AI To Help Confront Daunting Challenges

    Mar 26, 2021· Faced with all these challenges, the oil and gas industry is increasingly embracing digital tools such as machine learning and artificial intelligence (AI) to improve its efficiency in producing

    Get Price
  • Oil is up nearly 70% since the election, a record in the

    Goldman Sachs now says US oil prices will average $72 a barrel in the third quarter, up from $62 previously. Some investment banks are even calling for a new "supercycle" that could carry oil

    Get Price
  • Rise of the machines The Economist

    Machine learning is a way of getting computers to know things when they see them by producing for themselves the rules their programmers cannot

    Get Price
  • Digital Oil and Gas Udemy

    Geoffrey Cann is an author, professional speaker, trainer, and broadcaster to the Oil and Gas industry.Following an early career with Imperial Oil, he became a partner at Deloitte, where he carried out hundreds of consulting assignments in Canada, the US, Korea, Japan, Hong Kong, China, Australia and the Caribbean over a 30 year career.Today, he specialises in digital innovation in Oil and Gas

    Get Price
  • Oil prices rise on economic outlook, drawdown in fuel

    Mar 11, 2021· Article content. Crude inventories, however, rose by 13.8 million barrels in the week to March 5 to 498.4 million barrels, compared with analysts' expectations in a Reuters poll for an 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm mid-February that stalled refining and forced production shut-ins in Texas.

    Get Price
  • Oil prices dip below zero as producers forced to pay to

    The price of US crude oil crashed from $18 a barrel to -$38 in a matter of hours, as rising stockpiles of crude threatened to overwhelm storage facilities and forcedoil producers to pay buyers to

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  • Commodities Oil, Silver and Gold Prices CNN Business

    Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange at CNN Business.

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  • Rise of the machines The Economist

    Machine learning is a way of getting computers to know things when they see them by producing for themselves the rules their programmers cannot

    Get Price
  • Oil Industry HISTORY

    Aug 21, 2018· It lay beneath 140,000 acres and contained 5 billion barrels. H. L. Hunt, an oil entrepreneur, bought Joiner's leases and later sold them to oil

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  • What Keystone Pipeline Cancellation Means For Crude-by-rail

    TC Energy's 1,210-mile Keystone XL pipeline would have had a capacity of 830,000 barrels per day with crude oil originating from Hardisty, Alberta, and heading to Steele City, Nebraska, where it

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  • Oil prices end higher as traders weigh latest supply

    Oil prices ended higher on Wednesday, shaking off an earlier decline, as traders parsed U.S. government data showing a more-than-3-million-barrel decline in crude inventories, and a

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  • Oil prices rise on economic outlook, drawdown in fuel

    Mar 11, 2021· Article content. Crude inventories, however, rose by 13.8 million barrels in the week to March 5 to 498.4 million barrels, compared with analysts' expectations in a Reuters poll for an 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm mid-February that stalled refining and forced production shut-ins in Texas.

    Get Price
  • It's a lot riskier to move oil by train instead

    In 2012, for instance, railroad operators spilled about 500 barrels of oil for every billion they moved. Pipeline operators, on the other hand, lost about 2,000 barrels per billion.

    Get Price
  • Oil, Gas Companies Deploy AI In The Fight To Reduce Carbon

    Mar 28, 2021· Oil and gas companies, especially the big international ones, are under increasing pressure to reduce their carbon footprint in accordance with

    Get Price
  • Energy agency forecasts lower demand for oil as Covid

    Jan 19, 2021· The Paris-based agency expects oil demand to rise by 5.5m barrels a day this year compared with 2020, when global work and travel restrictions to stem the spread of

    Get Price
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