CGG GeoSoftware has collaborated with Alibaba Cloud to successfully deploy its suite of proprietary geoscience software solutions on the Alibaba Cloud platform, the company said on July 1.
All applications across the entire GeoSoftware portfolio also run on the Azure and AWS cloud platforms, offering advanced capabilities in machine learning and artificial intelligence, as well as connections to Python ecosystem notebooks.
Alibaba Cloud, the data intelligence backbone of Alibaba Group, is the third largest cloud service provider in the world, and holds the number one market share position in Asia Pacific, according to Gartner, a leading research and advisory company.
CGG GeoSoftware, through its industry-respected reservoir characterization, interpretation and rock physics modeling solutions, such as Jason, HampsonRussell, InsightEarth, PowerLog and RockSI, enables geoscientists to work with greater efficiency and optimal productivity. Initial pilot studies have shown that using Jason Workbench software on Alibaba Cloud can bring dramatic improvements in computing efficiency compared to use of the same software on local compute resources.
“Usage of cloud computing technology in the energy industry continues to expand as E&P companies recognize the business value of cloud computing for streamlining operations and optimizing decision-making. CGG GeoSoftware and Alibaba Cloud will reinforce their cooperation to provide best-in-class advanced cloud technology to serve Chinese oil and gas exploration and production companies,” Kamal al-Yahya, senior vice president, Geoscience Software & Smart Data Solutions, said.
The global law firm of Winston & Strawn on Aug. 6 announced the launch of a new environmental, social, and governance (ESG) advisory team, co-chaired by Houston-based partners Mike Blankenship and Eric Johnson
EOG Resources said it started to restore curtailed production in June as oil prices recovered from their April lows, and it expects nearly all shut-in wells to begin production before the third quarter ends.
If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.