How Algorithms Are Taking Over Big Oil

Malaysia News News

How Algorithms Are Taking Over Big Oil
Malaysia Latest News,Malaysia Headlines
  • 📰 Forbes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

With the help of artificial intelligence, BP says it needs 40% fewer workers to keep its natural gas flowing in Wyoming

BP decided to see what would happen if the AI system was given free rein to essentially tweak the knobs and levers at Wamsutter. BP estimates the methane vented from the field is down 74% thanks to better monitoring and maintenance. Gas production rose 20% using the AI-powered system, and costs fell 22%. Jobs have started to change as a result. “Now field techs are getting trained in Linux and Python,”Shell's Olympus , Mars and Ursa platforms in the Gulf of Mexico.

The results are striking. Add in all the tech advances since 2015, and Shell says it can now drill oil wells in 60% of the time for 40% of the cost. Working 14 straight days of 12-hour shifts on a platform in the middle of the ocean is not a job for everyone, especially in regions like the frigid, storm-wracked North Sea. “We can prevent a lot of people from having to come offshore,” says Wael Sawan, Shell’s deepwater chief.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Algorithms Are Taking Over Big OilHow Algorithms Are Taking Over Big OilArtificial intelligence has come to the oil patch, accelerating a technical change that is transforming the conditions for the oil and gas industry’s 150,000 U.S. workers.
Read more »

Saudi oil minister to Trump: 'We are taking it easy'Saudi oil minister to Trump: 'We are taking it easy'Saudi Energy Minister Khalid al-Falih told CNBC Wednesday that OPEC is taking a measured approach to supply cuts, directly responding to comments from President Donald Trump earlier in the week.
Read more »

Drowned out by the algorithm: Vaccination advocates struggle to be heard onlineDrowned out by the algorithm: Vaccination advocates struggle to be heard onlineOn Facebook and YouTube, anti-vaccination proponents have spent more than a decade building audiences and developing strategies that ensure they appear high in search results and automated recommendations.
Read more »

Bianca Lawson Revealed Some BTS Secrets From Her Most Famous Roles, And I Am LIVINGBianca Lawson Revealed Some BTS Secrets From Her Most Famous Roles, And I Am LIVINGBianca Lawson Revisited Some Of Her Iconic Roles, And Things Got Surprisingly Emotional
Read more »

Michael Cohen: 'I am ashamed because I know what Mr. Trump is'Michael Cohen: 'I am ashamed because I know what Mr. Trump is'The president's former lawyer and fixer reveals documents he says show Trump’s net worth, as well as receipts of payments to Stormy Daniels.
Read more »

Cohen: I am partially responsible for 'silly' behavior in Congress todayCohen: I am partially responsible for 'silly' behavior in Congress todayMichael Cohen, President Trump's former fixer, testifies before the House Oversight Committee in a public hearing. Watch the live stream and follow here for the latest.
Read more »

'I am ashamed’: Michael Cohen seeks redemption as he torches Trump'I am ashamed’: Michael Cohen seeks redemption as he torches TrumpCohen testified that Trump knew about plans to dump Democratic emails during the 2016 presidential campaign, as well as the Trump Tower meeting in June 2016
Read more »



Render Time: 2025-03-01 10:25:42