U.S. stocks were slightly higher Wednesday morning as utility companies climbed. Energy companies were trading lower as the price of oil continued to slip. Stocks are at their lowest levels in two months after large losses in two of the last three days. The Dow Jones industrial average advanced 31 points, or 0.2%, to 18,097 as of 10:05 a.m. The Standard & Poor's 500 index rose 5 points, or 0.2%, to 2,132.
Edmonton, Alberta, Feb. 07, 2018 (GLOBE NEWSWIRE) -- OneSoft Solutions Inc. (the --Company-- or --OneSoft--) (TSX-V:OSS, OTC:OSSIF)--is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (--OneBridge--), has entered into a Pilot Program agreement with another U.S.-based, Fortune 500 natural gas, oil and petrochemical company (the --Client--). The Client, whose operations include natural gas gathering, treating, processing, transportation and storage, primarily in the United States, will evaluate OneBridge--s Cognitive Integrity ManagementTM (--CIM--) SaaS solution.
There is a lot going on in oil markets these days. The Saudis are threatening anyone who dares to question their abuse of human rights with a curtailment of oil production. Meanwhile, a lack of take-away capacity combined with temporary U.S. refinery turnarounds have resulted in a disastrous pricing scenario for Canadian crude oil -- across all grades from heavy to light. We believe during times like these it's important to not to get caught-up in the micro and instead focus on the macro. The fact of the matter is that despite all of the press about new innovation and disruption, global fundamentals in the oil sector really haven't changed that much, with large price responses to marginal changes in supply -- both locally and abroad.
University of Southern California (Los Angeles, CA): Developing novel data-driven predictive models for integration into real-time fault detection and diagnosis, and integrate those models by using predictive control algorithms to improve the efficiency of energy production operations in a geothermal power plant. The project will develop deep dynamic neural networks for fault prediction and predictive process control workflows to improve the efficiency of geothermal operations. Upflow Limited (Taupo, New Zealand): Making available multiple decades of closely-guarded production data from one of the world's longest operating geothermal fields, and combining it with the archives from the largest geothermal company operating in the U.S. Models developed from this massive data store will enable the creation of a prediction/recommendation engine that will help operators improve plant availability. Colorado School of Mines (Golden, CO): Applying new machine learning techniques to analyze remote-sensing images, with the goal of developing a process to identify the presence of blind geothermal resources based on surface characteristics. Colorado School of Mines will develop a methodology to automatically label data from hyperspectral images of Brady's Hot Springs, Desert Rock, and the Salton Sea.
Fixing the damage done by the drone attack on the Saudi oil processing plant may be the easy part. The hard part will be calming energy markets, where oil prices have jumped faster than at any time in over a decade. The attack on Saudi Arabia's Abqaiq plant, which accounts for 5 percent of global oil supplies, and a nearby facility took 5.7 million barrels a day of production off line for at least a few days. It also revealed the significant danger that drones pose to the Persian Gulf's sprawling processing plants, pipelines and refineries. "The psyche has been altered," said Tom Kloza, global head of energy analysis for Oil Price Information Service.