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2014-09-25 20:50:00

R&D UNDER THREAT

R&D UNDER THREAT

The companies that own the world's most powerful supercomputers for commercial use are not in the information technology industry, neither in biotech nor even finance. They are in the oil business: Eni of Italy, BP of the UK and Total of France, according to public disclosures.

The computers, which can process two or three thousand trillion calculations a second, are used for handling large volumes of geophysical data from seismic surveys, creating sophisticated 3D images of rocks thousands of feet underground.

Their power is a testament to the industry's technological progress. But as pressure to cut costs…

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Tags: OIL, PRICE, ENI, BP, TOTAL, SHELL, EXXON, CHEVRON, HALLIBURTON, SCHLUMBERGER,
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