The Next Frontier of Innovation After Shales. Application of Artificial Neural Networks in the Oil and Gas Industry

By Peter Kaznacheev

neural networkThe energy industry is in need of new technological solutions that would allow it to adapt to lower crude prices, increase efficiency and maintain operational safety and environmental security. One of the areas of intense innovation is the use of artificial neural networks. This article provides a brief overview of the three main areas where artificial neural networks are applied in the oil and gas sector, namely: interpretation of geological data, automation in field management, and market research.

Read the full article in our EUCERS Newsletter No.66

 

The Crisis of the Gulf Cooperation Council and its Impact on Energy Markets

By Richard Kent

GCC statesThe economic blockade of Qatar by its neighbouring Gulf states in the Gulf Cooperation Council (GCC) on the 5 June, has caused rifts and uncertainty in global energy markets, and conveys a rebalancing of power and emergence of strategic foreign and energy policies within the wider MENA region. The blockade halted all land, air, and sea traffic, and GCC states have expelled all Qatari diplomats and citizens, causing a diplomatic crisis.

Read the full article in our newsletter no.66.