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China Opens Oil, Gas Exploration, Production For Foreign, Domestic Firms

2020-01-09 15:46:26| OGI

From May 1, foreign firms registered in China with net assets of 300 million yuan (US$43 million) will be allowed to take part in oil and gas exploration and production, the ministry of natural resources announced at a news conference.

Tags: production foreign gas oil

 

Exxon Mobil Confirms It May Exit Romanian Offshore Gas Project

2020-01-08 15:23:26| OGI

No buyer has been identified and no agreements reached with outside groups, Exxon spokesman Todd Spitler said.

Tags: project gas exit offshore

 
 

Anti-fracking Group Proposes Limited Colorado Oil And Gas Drilling

2020-01-07 20:00:00| OGI

The initiatives include a steep increase in the insurance that oil companies in Colorado are required to carry to cover abandoned wells and would widen the separation between new wells and public areas.

Tags: group limited gas oil

 

McKinsey's new mandate for Oil & gas CIO

2020-01-07 15:13:22| Oil IT Journal - www.oilit.com

Limited digital transformation success to date means CIOs must up their game, becoming a 'peer to the CEO'. IT needs to evolve from a support function to a full 'engineering discipline'. Call for new breed of software engineers ready to acquire domain knowledge.

Tags: gas oil cio mandate

 

2019 Houston Oil and Gas (seismic) Machine Learning Symposium

2020-01-07 15:13:22| Oil IT Journal - www.oilit.com

Advertas*-hosted event hears from: IGI on AI in geophysics and the SEG/SEAM AI project. Geophysical Insights Will ML replace the interpreter? Chevron ML in reservoir engineering. ConocoPhillips ML in 4D seismic and 'direct quantitative prediction'. AASPI Consortium on ML in attribute classification. Geophysical Insights - making deep learning accessible to the interpreter. Dell on digital natives vs. the 'see the beach' generation.

Tags: learning machine gas oil

 

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