02 October 2023
02 October 2023
The decision comes following unsatisfactory exploration results as well as the oil and gas explorers focus on Stabroek block.
Traditional custodian Raelene Cooper argued in court that the country’s regulatory body had not properly consulted her when granting environmental approval.
Exploration and production company Egdon owns stakes in 33 licences in the UK.
The sale marks the completion of the pension fund’s multiyear divestment programme to cut exposure to stocks in oil and gas assets.
The Excellence Awards celebrate the greatest achievements and innovations in the industry, and the people and companies that are driving change.
ML is a rapidly growing field in the O&G industry and can potentially revolutionize how companies explore and produce oil and gas. It can be used to analyze seismic data, well logs, and other geologic data to identify potential reservoirs. ML algorithms are also capable of analyzing production data and identifying patterns that can be used to improve well performance. Overall, machine learning has the potential to improve efficiency, increase production, and reduce costs in the oil and gas industry.
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