Tech firms ramp up efforts to woo the energy industry

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Despite Silicon Valley's professed support for clean power, it views the energy industry as a huge opportunity

Markit, a research firm which organised the shindig, lined up America’s energy secretary, the chief executives ofand Chevron , and other luminaries. Among the dark suits was an open-collared newcomer: Andy Jassy, head of Amazon Web Services. Speaking to a vast ballroom, he extolled the cloud-computing giant’s virtues of moving quickly and learning from failure. Mr Jassy was there not just to offer management advice to what were once the world’s most valuable companies.

That is changing. Abundant shale oil has made the hunt for reserves less urgent than the need to protect profits. Shale also highlights the utility of new analytics, says Paul Goydan of, a consultancy, as data gush from thousands of wells studded through Texas, North Dakota and other rich fields. Falling costs of sensors, storage and computing power have made digital investments even more attractive.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well that should end well. climatcatastrophe

something of worth now!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves in the premarket: Boeing, Microsoft, Tesla, Amazon & more
Source: CNBC - 🏆 12. / 72 Read more »

Analysis | The Technology 202: Elizabeth Warren says 'it's not even hard' to break up Big Tech companies like AmazonAnalysis: Elizabeth Warren says 'it's not even hard' to break up Big Tech companies like Amazon Start with twitter please. Last of the Fauxhicans speak with forked tongue. Break them up
Source: washingtonpost - 🏆 95. / 72 Read more »