AI Solution Seeker

Artificial Intelligence for Oil & Gas Optimization

Solution Seeker has developed a hierarchical neural network model that improves the predictive power for real-time production optimization. (Source: Solution Seeker) World’s First AI in Optimizing Oil & Gas Production The following article was written by Mark Venables; Hart Energy After several years of research on machine learning algorithms running on oil and gas production…

OPEC oil production at nearly 8-year high

  The Organization of Petroleum Exporting Countries pumped the most oil in almost eight years last month, a sign producers are still trying to carve out a bigger piece of the global market, S&P Global Platts says. OPEC’s daily oil production rose by 300,000 barrels to 32.73 million in June, the research group said in…