A common problem with oil wells is that they can run dry even when sound-based measurements say there’s still oil there. A team from Penn State University used PSC’s flagship Bridges-2 supercomputer to add a time dimension to these seismic measurements, as well as to analyze how oil damps downContinue Reading
Enterprises across industries like healthcare, finance, manufacturing, and legal services face escalating challenges in processing vast amounts of multimodal data that combines text, images, charts, and complex technical formats. As organizations generate multimodal content at unprecedented speed and scale, document processing methods increasingly fail to handle the intricacies of specializedContinue Reading
This post is co-written with Kaustubh Kambli from DXC Technology. DXC Technology is an IT services leader with more than 130,000 employees supporting 6,000 customers in over 70 countries. DXC builds offerings across industry verticals to deliver accelerated value to their customers. One of the sectors DXC has deep expertiseContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed for a second straight session Thursday, as a tamer than expected U.S. inflation reading is seen raising the chances of a September interest rate cut by the Fed. The U.S. government reported the consumer price index declined 0.1% in June, falling forContinue Reading
sharply_done/E+ via Getty Images The Biden administration said Thursday it reached a $241.5M settlement with Marathon Oil (NYSE:MRO) over alleged air quality violations at the company’s operations in the Forth Berthold Indian Reservation in North Dakota. The U.S. Environmental Protection Agency and Department of Justice said the settlement requires thatContinue Reading
dan_prat Canadian oil producer Strathcona Resources (OTCPK:STHRF) said late Wednesday it is partnering with Canada Growth Fund to build as much as C$2B in carbon capture and sequestration infrastructure in Saskatchewan and Alberta provinces. Strathcona (OTCPK:STHRF) and CGF will each spend up to C$1B (~US$734M) to fund the project, includingContinue Reading
SlavkoSereda/iStock via Getty Images U.S. crude oil broke a three-session losing streak as government data showed signs of strengthening demand for refined products after the Fourth of July holiday. The holiday provided an expected increase in demand for jet fuel, with the four-week seasonal average rising to the best levelContinue Reading
FactoryTh BMI (a unit of Fitch Solutions) increased its 2024 copper price forecast from $9,200/tonne to $9,600/tonne, as prices continue to be led by investor sentiment that is tilted towards a rate cut by the U.S. Federal Reserve in the third quarter. Copper has pulled back since surging to aContinue Reading
jetcityimage/iStock Editorial via Getty Images BP (NYSE:BP) -4.1% in Tuesday’s trading, on pace for its largest percentage decrease since October 2023, after warning that weak oil trading and reduced refining margins will hurt Q2 earnings. The company also said it expects to write down $1B-$2B in after-tax asset impairments andContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures fell Monday after Hurricane Beryl hit Texas and weakened to a tropical storm, with little apparent impact on refining activity and limited effects on offshore production. But while Beryl is unlikely to cause significant interruptions in fuel supply, heavy rains and flooding inContinue Reading
