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How Algorithms Are Taking Over Big Oil

#artificialintelligence

With the help of artificial intelligence, BP says it needs 40% fewer workers to keep its natural gas ... [ ] flowing in Wyoming. A visitor to one of BP's natural gas fields in Wyoming a few years ago might have noticed an odd sight: smartphones in plastic bags tied to pumps with zip ties. This was an early test of a multistate initiative by the oil giant to link a network of Wi-Fi sensors to an artificial intelligence system--one that now operates the Wamsutter field in Wyoming with far less human oversight than before. Artificial intelligence has come to the oil patch, accelerating a technical change that is transforming the conditions for the oil and gas industry's 150,000 U.S. workers. Giant energy companies like Shell and BP are investing billions to bring artificial intelligence to new refineries, oilfields and deepwater drilling platforms.

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  Industry: Energy > Oil & Gas > Upstream (1.00)

Drone strikes target world's largest oil processing facility, Saudi oil field; attack claimed by Iranian-backed rebels

FOX News

Saudi authorities attempt to control a fire at an Aramco factory. The world's largest oil processing facility and a nearby oil field in Saudi Arabia were set ablaze early Saturday morning after reported drone attacks by Iranian-backed Yemeni rebels. The Interior Ministry was quoted by state-run media as saying the fires at the Abqaiq oil processing facility in Buqyaq and the nearby Khurais oil field operated by Saudi Aramco were "targeted by drones." It wasn't immediately clear if there were any injuries, nor what effect it would have on oil production in the kingdom. Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019.


Drones strike major Saudi Aramco oil facilities; attacker unknown

The Japan Times

DUBAI, UNITED ARAB EMIRATES – Drones attacked the world's largest oil processing facility in Saudi Arabia and a major oil field operated by Saudi Aramco early Saturday, the kingdom's Interior Ministry said, sparking a huge fire at a processor crucial to global energy supplies. No one immediately claimed responsibility for the attacks in Buqyaq and the Khurais oil field, though Yemen's Houthi rebels previously launched drone assaults deep inside of the kingdom. It wasn't clear if there were any injuries in the attacks, nor what effect it would have on oil production in the kingdom. The attack also likely will heighten tensions further across the wider Persian Gulf amid a confrontation between the U.S. and Iran over its unraveling nuclear deal with world powers. Online videos apparently shot in Buqyaq included the sound of gunfire in the background.


How Algorithms Are Taking Over Big Oil

#artificialintelligence

With the help of artificial intelligence, BP says it needs 40% fewer workers to keep its natural gas flowing in Wyoming. A visitor to one of BP's natural gas fields in Wyoming a few years ago might have noticed an odd sight: smartphones in plastic bags tied to pumps with zip ties. This was an early test of a multistate initiative by the oil giant to link a network of Wi-Fi sensors to an artificial intelligence system--one that now operates the Wamsutter field in Wyoming with far less human oversight than before. Artificial intelligence has come to the oil patch, accelerating a technical change that is transforming the conditions for the oil and gas industry's 150,000 U.S. workers. Giant energy companies like Shell and BP are investing billions to bring artificial intelligence to new refineries, oilfields and deepwater drilling platforms.


The End of Globalization? The International Security Implications

#artificialintelligence

Over the last few decades, globalization has created great wealth and brought millions out of poverty. Today, a combination of technology, politics, and social pressures seems to be reversing globalization. While the new technology will continue to create wealth, it will favor developed countries. The increasing regionalization of economies and differences in rates of growth will create instability and challenge international security arrangements. The Economist defines globalization as the "global integration of the movement of goods, capital and jobs." The combination of labor cost advantages, efficient freight systems, and trade agreements fueled globalization by providing regional cost advantages for manufacturing. Over the last six decades, it transformed agricultural societies into industrial powerhouses.


Gas prices jump in the Southeast after pipeline rupture in Alabama

Los Angeles Times

States across the Southeast are experiencing sharp jumps in gas prices after a major gasoline pipeline ruptured in central Alabama, spilling as many as 336,000 gallons of fuel upstream from a national wildlife refuge. But thanks to a few strokes of luck, the environmental damage is minimal. The pipeline breached near an old coal mine pit, and much of the fuel flowed into a water retention pond. With local streams dry -- much of central Alabama is suffering from moderate to severe drought -- the gasoline did not find its way down into the Cahaba River, home to 64 rare and endangered plant and animal species, including the Cahaba lily. "We really did bypass the bullet," said Myra Crawford, executive director at Cahaba Riverkeeper, which has been monitoring the area by canoe and foot."It


Flame bursts over Torrance refinery, prompting hours-long road closure

Los Angeles Times

A large flame of burning gas erupted over a refinery in Torrance on Sunday, prompting authorities to close a stretch of Del Amo Boulevard for about two hours. Torrance firefighters were dispatched to the former Exxon Mobil refinery at 7:12 a.m., Captain Bob Millea said. A power outage in the northern part of the city had caused issues for some of the units at the plant, Millea said, prompting what he called an "unplanned flaring event." To stabilize its systems, the plant sent hydrocarbon products to the flare, causing a large flame to burst over the plant's metal smoke stacks -- similar to the way a giant lighter might function, Millea said. Fire officials shut down Del Amo Boulevard between Maple Avenue and Crenshaw Boulevard in both directions until systems were declared stable at about 9:20 a.m., Millea said.


Stocks rise as jobs report stokes hopes for low interest rates

Los Angeles Times

U.S. stocks rose Friday as investors found some positive aspects in a middling employment report. Job growth slowed in August, and traders hope that will persuade the Federal Reserve to wait before raising interest rates. Stocks started the day with big gains following the Labor Department's job report. Energy companies rose more than the rest of the market as oil prices broke out of a four-day slump. The gains were broad, but the stocks that rose the most were utilities, which would stand to benefit if interest rates remain low.


Low Gasoline Prices, What are Consumers Doing with the Extra Cash? – Data Science Central

#artificialintelligence

She is currently in the NYC Data Science Academy 12 week full time Data Science Bootcamp program taking place between April 11th to July 1st, 2016. This post is based on her third class project - Web Scraping, due on the 6th week of the program. Oil prices have fallen sharply since the summer of 2014. Prices bottomed in February 2016, since then they have gradually increased. While the breakeven cost is a popular topic among investors, on the consumer side gasoline prices are very cheap.


INFORMATION PROCESSING 68 - NORTH-HOLLAND PUBLISHING COMPANY - AMSTERDAM (1969)

AI Classics

For example, if the game is chess, the piece may be: king, rook, pawn... My aim was to realize a program playing several For some games, all men are of the same games.