• 6 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 8 days Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 1 hour Most ridiculous green proposal
  • 15 hours China Sets Its Sights On Global [EV, AI, CRISPR, Fusion, Navel Lint Collector] Dominance
  • 2 hours The Green Hydrogen Problem That No One Is Talking About
  • 1 hour Rethinking election outcomes for oil.
  • 10 hours The City of Sturgis Update on the Motorcycle Rally held there, and the MSM's reporting hence
  • 2 hours Biden's laptop
  • 3 hours Video Evidence that the CCP controls Joe Biden
  • 2 days Republicans Have Become the Party of Hate
  • 3 hours Making diamonds from thin air
  • 2 hours P@A will cost Texas Taxpayers $117 Billion.
  • 2 days Australia’s Commodities Heartland Set for Major Hydrogen Plant

Global Energy Advisory - 9th June 2017

While this week has seen high-level political and geopolitical developments that hint at a dangerous climax in tensions emanating from the Middle East - as an OPEC rift widens and exacerbated by rumblings in Washington, we start with a look at technology and artificial intelligence instead …

• BP has invested $20 million in a startup with 20 years of experience in artificial intelligence. Beyond Limits, which has a long history of working with NASA on developing tech solutions to be used in space, has now turned to Earth to focus on developing AI solutions for a range of industries, beginning with oil and gas. According to BP, its partnership with the AI developer will completely change how exploration, production, and refining are done. According to Beyond Limits, the company will aim to create software that can think like a human and “augment human capability.” In fact, the company will be adapting its space solutions to the oil and gas industry, improving not just exploration results but also decision-making. Effectively, the news represents perhaps the first major foray of AI in oil and gas, as the industry begins to increasingly open up not just to automation and enhanced-efficiency technology but also big data and, now, artificial intelligence. The energy industry has been notorious for refusing to join the digital revolution that has engulfed most other industries but its adoption of cutting-edge tech was only a matter of time: when the…




Oilprice - The No. 1 Source for Oil & Energy News