IBM, Amazon Partner to Extend Reach of Data Tools for Oil Companies

The technology is being shared industry-wide on an open-source basis, and only works in cloud computing data centers.

Stephen Nellis and Liz Hampton, Reuters

International Business Machines Corp. and Amazon.com Inc.'s Amazon Web Services said on Nov. 15 they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data.

Amazon in 2018 worked with Royal Dutch Shell to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardized format for multinational oil companies to improve efficiency across their operations.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access
  • Access to in-depth interviews with industry insiders
  • Watch exclusive videos with energy executives
  • Receive the Breaking News Alerts newsletter
  • No credit card required

Recommended Reading