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AI leading to faster, cheaper oil production, executives say
Artificial intelligence is speeding up oil and gas drilling and prompting companies to take a second look at places they had viewed as too difficult or expensive to develop, executives detailed during the CERAWeek conference in Houston. AI took center stage in many sessions at the world's largest energy gathering. Oil producers are seeking ways to remain profitable in an environment of plummeting oil prices and worries that U.S. President Donald Trump's tariffs could slow global energy demand. UK oil major BP is using AI to steer drill bits and predict potential problems in wells before they happen, said Ann Davies, ... (full story)
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- Posted: Mar 14, 1:14am (32 hr ago)
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 92
