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…
Saudi Armco signed four engineering contracts to build its Fadhili gas processing project, the company said on Wednesday. The project is worth more than $13.3bn (SR50 billion) and, when completed in 2019, will be the first program in the kingdom to treat gas from both onshore and offshore fields. Saudi Aramco President…
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…