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Tag: oil

Texas A&M Reinforcement Learning Algorithm Automates Oil and Gas Reserve Forecasting

Mar 1, 2021 |

Oil and gas extraction is a messy business, not least because much of the initial discovery process relies on educated guesswork that often proves fruitless. O&G companies are always searching for ways to reduce these false positives and thereby the costs of their discovery operations – and now, a team of researchers at Texas A&M University have produced a new algorithm that automates prediction of oil and gas reserves. Read more…

Building Monster Mash-Ups: How Data as a Service Can Crystallize Analytics

Jan 15, 2021 |

The chances are that if you’re reading this you have heard the phrase “Data is the new oil,” coined by Clive Humby, the British mathematician and architect of early supermarket loyalty rewards schemes. Read more…

Disruptive Economics and Democratization of Data

Sep 11, 2019 |

It seems like only a few years ago that managing data growth was a high-priority objective for most users. What happened? The short answer is the same thing that happened to oil. Read more…

Chevron Drills Down Big Data Assets

May 10, 2012 |Generating 1.5 terabytes per day is par for the course at an oil and gas company like Chevron, which is spearheading new efforts in the digital oil field. The company says that it is looking to new data mining and management techniques as it.... Read more…