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As major North American unconventional plays approach maturity, the industry faces a critical challenge in sustaining production levels and reserve replacement. This blog post is based on the technical paper “Can Transfer Learning Be Used to Forecast Production in Frontier Basins? Download the full paper here.
Chevron wins Exxon case but loses time, oil and billions Summary : On July 18, Chevron won its arbitration case against Exxon Mobil, allowing its $55 billion acquisition of Hess and its 30% stake in Guyana’s 11-billion-barrel Stabroek block to finally close. Stay tuned for weekly updates to keep you well-informed.
We saw everything from “vibe code a production forecast” demonstrations to LLMs generating reservoir engineering functions. While these proof-of-concepts showed promise, they felt more like impressive tricks than production-ready tools. A Case Study from the Powder River Basin D. Niederhut, K. Niederhut*, G.
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. For example, the cement industry relies on the calcination process for cement production.
The second guest is Liz Hempel , a partner and leader of the firmâs product development and procurement work for industrial clients. Partner Riccardo Drentin  joins us from Jakarta, where he co-heads McKinseyâs Procurement and Product Development division in AsiaâPacific. There have been lots of use cases.
To scale impact in the agentic era, organizations must reset their AI transformation approaches from scattered initiatives to strategic programs; from use cases to business processes; from siloed AI teams to cross-functional transformation squads; and from experimentation to industrialized, scalable delivery. trillion to $4.4
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In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the The resulting properties were then used to build a numerical model to generate production forecasts.
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The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.
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One of the biggest problems public transport will face in the coming years is a shortage of bus drivers. In Germany, for instance, we expect there to be an unmet need for 80,000 bus drivers by 2030. But then we realized there are edge cases and other issues that must be addressed. A fleet of Dromos vehicles on a city street.
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We believe, however, that the opposite is the case, and that private real estate companies can thrive when they focus on making both students and universities winners. More recently, there have been media reports exploring uncertainty over student visa policy and how it might affect international-student enrollment.
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