Dc sports report nfl mock draft database9/17/2023 ![]() ![]() “Today, the biggest use of digital technologies like sensors, data collection and analytics in the energy sector is to improve the bottom line of fossil fuel generators. A consortium involving Shell, BP, and Statoil is working on the development of a blockchain-based energy commodity trading platform, along with three large commodity traders-Gunvor, Koch Supply & Trading, and Mercuria. Blockchain-the technology best known for cryptocurrencies such as Bitcoin-also enters the energy sector. BP analyzes large amounts of seismic data at its Center for High-Performance Computing (CHPC) in Houston. Schlumberger, for example, uses cloud computing to improve E&P data processing performance. Oil and gas industry players already use advanced analytics and supertechnologies. Technology could also boost technically recoverable oil and gas resources in the world by some 5 percent, with the largest gains projected in shale gas. ![]() Those digital technologies could include enhanced reservoir modeling, widespread use of sensors, and advanced processing of seismic data. ![]() In oil and gas, across-the-board digitalization could lower production costs by 10-20 percent, the IEA estimates. ![]()
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