Gazprom Neft Without Digital Technologies and AI Would Have Produced Half as Much Oil
The head of the company Alexander Dyukov noted that the terms of implementation of large projects would be seven to eight years, not three years. Gazprom Neft, through the use of digital technologies and artificial intelligence, was able to significantly expand the production potential, as well as increase financial indicators, …
Oil Production in Iran Has Increased By 60% in Two Years
The chief executive of the National Iranian Oil Company (NIOC) said the country’s crude oil production has increased by 60 percent under President Ibrahim Raisi’s administration. Mohsen Khojastemehr said that according to statistics from the Central Bank of Iran (CBI), the oil and gas sector has the lion’s share in …
Shell to Use Artificial Intelligence in Deep Sea Oil Exploration
Shell Pl will use AI-based technology from analytics firm SparkCognition for deepwater exploration and offshore oil production, the companies said on Wednesday. SparkCognition’s artificial intelligence algorithms will process and analyze large volumes of seismic data as Shell searches for new oil fields, the company says. In a statement, Shell’s vice …
Aspen Technology: Artificial Intelligence, Bird’s Eye View
Adi Pendyala, Senior Director of Market Strategy at Aspen Technology, shared his expert opinion on the development and application of modern technologies based on artificial intelligence (AI) and machine learning, and presented an overall concept and the definition of AI, particularly in terms of its use in resource-intensive industrial companies. …