SLB Disrupting Energy Industry Through AI Drilling Zsolt Katona Thomas Lee
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As we all know, today the oil industry is facing several problems. The first and foremost problem is the high cost of oil production. This issue cannot be ignored because it affects the bottom line of an oil company. In addition, the global energy demand has been increasing for the last decade. The oil industry needs to reduce its production cost and increase its production, which leads to an increase in the demand for energy. Moreover, the oil industry is facing several challenges, including fracking, environmental concerns, low energy prices, and technological innovations. These factors have
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“It’s the best thing that has happened to my academic career so far,” the 15th generation of a family in the energy industry, tells me. Zsolt Katona’s parents came to the US in 1989 and settled in New Jersey. The family business – Katona Oil Company – was founded in 1927 and is still run by generations of family members. Their expertise is in the exploration and production of natural gas. “In the past, exploration was based on manpower,
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In early 2021, the US oil industry was plagued by a severe global oil crisis, and the entire industry was hit hard. Energy prices were rising, and the market was in free fall. The situation was exacerbated by the Corona pandemic, which had a severe impact on the oil industry as a whole. This resulted in oil companies’ huge losses in 2020, which, in turn, had a significant impact on the global oil market. A significant amount of money had to be spent on reserves to stabilize the market, i loved this