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AI advisor helps geoscientists unlock the value of exploration data

IBM: Oil & Gas

Resource optimization is the key challenge facing oil and gas companies today. During exploration and other upstream activities, optimizing resources depends on accurate models that illuminate the subsurface potential. The work is so promising that it is funded by Brazil’s National Agency of Petroleum, Natural Gas and Biofuel.

Oil 40
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Happy Halloween! ExxonMobil, BP, Shell, and More Face Tricks and Treats in a Spooky Q3 Earnings Season

Rextag

Earnings per share plummeted to $2.25, and the decline was largely due to a 14% dip in crude realisations and a spine-tingling 60% decrease in natural gas realisations. Adjusted profits rose by 15.6%, thanks to increased natural gas liquid volumes flowing through its extensive pipeline network.

Oil 40