Business

How AI and big data could save oil and gas companies from crises

RUDN University economist and colleagues analyzed data from the largest oil and gas companies in Russia during the economic crises of 2020 and 2022 and proposed an algorithm that would increase the sustainability of the industry. ...

Energy & Green Tech

Deep learning model could improve oil extraction

A research team from Skoltech introduced a model to facilitate the planning stage of oil well development. It will help obtain important data about a well—for example, the model can compare a prospective well with those ...

Energy & Green Tech

Peak in oil demand 'in sight' before end of decade: IEA

Global oil demand could peak before the end of this decade as the energy crisis has accelerated the transition to cleaner technologies, the International Energy Agency said Wednesday.

page 4 from 17

Oil

An oil is a substance that is in a viscous liquid state ("oily") at ambient temperatures or slightly warmer, and is both hydrophobic (immiscible with water) and lipophilic (miscible with other oils, literally). This general definition includes compound classes with otherwise unrelated chemical structures, properties, and uses, including vegetable oils, petrochemical oils, and volatile essential oils. Oil is a nonpolar substance.

The term oil is often used colloquially to refer to petroleum.

This text uses material from Wikipedia, licensed under CC BY-SA