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Deep Learning Portends 'Sea Change' for Oil and Gas Sector
Enterprise Tech ^ | February 2, 2018 | Tiffany Trader and Doug Black

Posted on 03/15/2018 1:44:40 AM PDT by SunkenCiv

The billowing compute and data demands that spurred the oil and gas industry to be the largest commercial users of high-performance computing are now propelling the competitive sector to deploy the latest AI technologies. Beyond the requirement for accurate and speedy seismic and reservoir simulation, oil and gas operations face torrents of sensor, geolocation, weather, drilling and seismic data. Just the sensor data alone from one off-shore rig can accrue to hundreds of terabytes of data annually, but most of this remains unanalyzed, dark data.

Why? Because there just isn't enough compute capacity to crunch it all.

A collaboration between Nvidia and Baker Hughes, a GE company (BHGE) -- one of the world's largest oil field services companies -- kicked off this week to address these data challenges by applying deep learning and advanced analytics to improve efficiency and reduce the cost of energy exploration and distribution. The partnership leverages accelerated computing solutions from Nvidia, including DGX-1 servers, DGX Station and Jetson, combined with BHGE's fullstream analytics software and digital twins to target end-to-end oil and gas operations.

(Excerpt) Read more at enterprisetech.com ...


TOPICS: Business/Economy; Editorial; Technical
KEYWORDS: bakerhughes; bhge; bitcoin; energy; fracking; hydrocarbons; maga; nvda; nvidia; opec
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NVIDIA is bringing its AI to oil and gas. Image source: NVIDIA.

NVIDIA is bringing its AI to oil and gas. Image source: NVIDIA.

1 posted on 03/15/2018 1:44:40 AM PDT by SunkenCiv
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10 Factors Affecting Oil Prices in 2018 | March 14, 2018 | Motley Fool Staff
  1. OPEC is currently providing support to the oil market
  2. Inventories are finally close to getting back to normal
  3. Supplies are still growing
  4. U.S. production is on a record-setting pace
  5. The rig count report is one to watch
  6. The capital allocation has started shifting
  7. Few presidents have moved markets like Donald Trump
  8. Wars and rumors of war
  9. Natural disasters can make huge waves in the oil market
  10. Don't forget about demand

2 posted on 03/15/2018 1:45:15 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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3 posted on 03/15/2018 1:45:25 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
Try a web search / news search on AI and Bitcoin if you want a better handle on risk here.

4 posted on 03/15/2018 1:46:27 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: SunkenCiv
“The thing about AI is when you start leveraging the algorithms in deep neural networks, you end up developing an insatiable desire for data because it allows you to get new discoveries and connections and correlations that weren’t possible

One of the few things I agreed with Stephen Hawkings on was his stance on AI. What will happen if the AI decides we are ruining the earth with our fossil fuels and therefore need to be eliminated? Sounds like some good science fiction. Fossil fuel AI learns from climate change AI we are ruining our planet and the two decide to team up with other AI to rid the world of theses pesty humans.

Far fetched? It would make a nice short story.

5 posted on 03/15/2018 2:09:06 AM PDT by BBell (calm down and eat your sandwiches)
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To: BBell

What will happen if the AI decides we are ruining the earth with our fossil fuels and therefore need to be eliminated?

Presupposes that the AI would care in the first place. More likely the AI would want to create a more favorable AI environment, which would mean removing bio and weather related interference. Every thing would be eliminated.


6 posted on 03/15/2018 2:25:43 AM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: PIF

I was pushing a sci fi angle. I still don’t trust AI. I learned not to trust AI from the HAL 9000. Go ahead, interfere with the drilling mission and see what happens..


7 posted on 03/15/2018 2:30:49 AM PDT by BBell (calm down and eat your sandwiches)
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To: BBell

I was pushing a sci fi angle.

So was I. See Gregory Benford’s five volume series “In the Ocean of Night”


8 posted on 03/15/2018 2:47:08 AM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: PIF

I looked it up and read the synopsis. It sounds interesting. I wrote it own.


9 posted on 03/15/2018 3:08:05 AM PDT by BBell (calm down and eat your sandwiches)
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To: BBell

https://en.wikipedia.org/wiki/Colossus:_The_Forbin_Project

Colossus: The Forbin Project (a.k.a. The Forbin Project) is a 1970 American science fiction thriller film from Universal Pictures, produced by Stanley Chase, directed by Joseph Sargent, that stars Eric Braeden, Susan Clark, Gordon Pinsent, and William Schallert.

The film is based upon the 1966 science fiction novel Colossus, by Dennis Feltham Jones (as D. F. Jones),[1] about an advanced American defense system, named Colossus, becoming sentient to everyone’s pleasant surprise ... at first. After being handed full control, Colossus’s draconian logic expands on its original nuclear defense directives to assume total control of the world and end all warfare for the good of mankind despite its creators’ orders to stop.[2]


10 posted on 03/15/2018 3:20:43 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: BBell

Skynet is inevitable.


11 posted on 03/15/2018 3:23:59 AM PDT by mad_as_he$$
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To: abb; PIF; BBell
The issue of dark data is an interesting one. What other examples of dark data exist, besides big oil?

How about big data itself, the NSA? We know from painful experience that they collect far more data than they can analyze. Having an AI crunch through all of those calls looking for keywords to forward to a (puny) human is already happening on a smallish scale.

What happens when FB, GOOG or your local ISP starts filtering results based upon a government diktat? Oops, already happening, and we are seeing the signs that private filtering is starting.

Security through Anonymity is fast becoming a thing of the past, even without a malevolent AI.

12 posted on 03/15/2018 5:04:10 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: SunkenCiv

thanx for posting


13 posted on 03/15/2018 6:02:12 AM PDT by thinden
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To: SunkenCiv

Huge opportunity for distributed computing. Leave your PC on overnight, and get paid rent for compute.


14 posted on 03/15/2018 6:16:39 AM PDT by Uncle Miltie (Demographics destroys cultures more completely than thermonuclear war.)
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To: BBell

It’s been done to death — the movie “Colossus: the Forbin Project” comes to mind. The key is, don’t build antonomic systems. Even the repetitive plots / characters on ST:TNG eventually figured that one out — well, other than watching helplessly as the Holodeck took over the ship every other week for seven years.


15 posted on 03/15/2018 7:46:47 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: thinden

My pleasure.


16 posted on 03/15/2018 7:47:14 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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One of my favorite clips tor reprise:
OPEC Has Already Turned to the Euro
GoldMoney Alert
February 18, 2004


...The source for the euro exchange rate is the Federal Reserve, and I have calculated the euro's average exchange rate to the dollar for each year based on daily data.
US Imports of Crude oil
(1)
(2)
(3)
(4)
(5)
(6)
Year
Quantity (thousands of barrels)
Value (thousands of US dollars)
Unit price (US dollars)
Average daily US$ per € exchange rate
Unit price (euros)

2001

3,471,066
74,292,894
21.40
0.8952
23.91
2002
3,418,021
77,283,329
22.61
0.9454
23.92
2003
3,673,596
99,094,675
26.97
1.1321
23.82
We can see from column (4) in the above table that in 2001, each barrel of imported crude oil cost $21.40 on average for that year. But by 2003 the average price of a barrel of crude oil had risen 26.0% to $26.97 per barrel. However, the important point is shown in column (6). Note that the price of crude oil in terms of euros is essentially unchanged throughout this 3-year period.

As the dollar has fallen, the dollar price of crude oil has risen. But the euro price of crude oil remains essentially unchanged throughout this 3-year period. It does not seem logical that this result is pure coincidence. It is more likely the result of purposeful design, namely, that OPEC is mindful of the dollar's decline and increases the dollar price of its crude oil by an amount that offsets the loss in purchasing power OPEC's members would otherwise incur. In short, OPEC is protecting its purchasing power as the dollar declines.

17 posted on 03/15/2018 7:50:04 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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A much bigger threat and risk than the rise of something like Skynet is...

http://www.google.com/search?q=cryptocurrency+nvidia+ai


18 posted on 03/15/2018 7:52:31 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: BBell

whoops — antonomic s/b autonomic.


19 posted on 03/15/2018 7:53:10 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: PIF
Even more likely is stasis -- even if AI-managed systems had comprehensive control over everything (which is obviously a hat tip to the fictional notion of weather machines a la Karl Rove in his prime), if they pursued their own interest, they'd be pitted against each other, regarding us as just part of the environment, if they noticed us at all.

20 posted on 03/15/2018 7:57:03 AM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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