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OPEC Oil Output Falls in February on Saudi Additional Cut

2021-03-01 14:50:04| OGI

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found on March 1, ending a run of seven consecutive monthly increases.

Tags: february additional cut oil

 

Oil and Gas Investor Cover Story: Animal Spirits

2021-03-01 10:00:00| OGI

Its not the Keynes kind; its the Jack London kind. E&P executives are restless, according to a Dallas Fed survey, and theyre going mano y mano for market share. Will it manifest in consolidation? Where to next for the sellers? For some, its a new land rush: energy transition.

Tags: story cover gas oil

 
 

Oil and Gas Construction and Process Industry standards developments

2021-02-27 09:12:08| Oil IT Journal - www.oilit.com

IOGP provides update on CFIHOS, the capital facilities information handover standard. USPI-NL releases draft FL3DMS (Facilities Lifecycle 3D Model Specification), working on practical implementation of ISO 15926. Mapping the CFIHOS reference data library to ISO 15926. UK's National Digital Twin (!).

Tags: process industry construction standards

 

2020 Energy Conference Networks Machine Learning in Oil and Gas

2021-02-27 09:12:08| Oil IT Journal - www.oilit.com

Quantum Reservoir, 'oilfield data is convoluted'. Shell Tech Ventures' cash for innovators. WalMart's NexTech unit minimizes vendor dependence. Riverford on Bureau of Economic Geology's TORA, 'big data for small companies'. Warwick, Neo4J Graph Technology for leasehold analysis. LANL's 'fat neurons', physics-informed neural nets. Texas A&M, drones, AI and oil spills.

Tags: learning energy machine conference

 

2020 LBCG Oil & Gas Pipeline Integrity & Data Utilization Solutions

2021-02-27 09:12:08| Oil IT Journal - www.oilit.com

Virtual event hears from API on latest PHMSA pipeline safety rules. Analysis of the new 'mega rule' from Paramount Energy and Crestwood. Enterprise Product Partners presents PipelineML. Williams' plans for inspections out to 2035, big data and risk analysis.

Tags: data solutions gas oil

 

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