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Eagle Ford General Electric Co president Tech Top News Warwick Energy 

Big Oil turns to big data to save big money on drilling

June 23, 2017 By Swetha Gopinath and Liz Hampton (Reuters) – In today’s U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth. The sensors are leading Big Oil’s mining of so-called big data, with some firms envisioning billions of dollars in savings over time by avoiding outages, managing supplies and identifying safety hazards. The industry has long used sophisticated technologies to find oil and gas. But only recently have…

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Asia Business Eagle Ford Japan month 

Oil prices dip on further rise in U.S. drilling, demand slowdown

June 19, 2017 By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand have also prompted weakening sentiment, dropping prices to levels comparable to when the output cuts were first announced late last year. Brent crude futures were down 18 cents, or 0.4 percent, at $47.19 per barrel at 0659 GMT. U.S. West Texas Intermediate (WTI) crude…

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