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2019-01-09 10:40:00

EXXON & IBM QUANTUM COMPUTING

EXXON & IBM QUANTUM COMPUTING

EXXONMOBIL - ExxonMobil said today that it has signed a partnership agreement with IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies. The new partnership was formally announced during the 2019 Consumer Electronics Show (CES) in Las Vegas.

As part of the agreement, ExxonMobil becomes the first energy company to join the IBM Q Network, a worldwide community of Fortune 500 companies, startups, academic institutions and national research labs working to advance quantum computing and explore practical applications for science and business.

"The scale and complexity of many challenges we face in our business surpass the limits of today's traditional computers," said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company. "Quantum computing can potentially provide us with capabilities to simulate nature and chemistry that we've never had before. As we continue our own research and development efforts in the areas of energy and chemical manufacturing, our agreement with IBM will allow us to expand our knowledge base and potentially apply new solutions in computing to further advance those efforts."

Advances in quantum computing could provide ExxonMobil with an ability to address computationally challenging problems across a variety of applications, including the potential to optimize a country's power grid, and perform more predictive environmental modeling and highly accurate quantum chemistry calculations to enable discovery of new materials for more efficient carbon capture.

"The advancement of new breakthroughs, coupled with the creative application of current technologies available to us from outside the energy sector, will be critical in addressing the dual challenge of producing energy to fuel economies and meeting consumers' needs while managing the risks of climate change," Swarup said. "Much of the success in our own ingenuity is facilitated by the innovation of others outside our industry, from three-dimensional printing to quantum computing. The many partnerships we lead or participate in around the world provide us with opportunities to exchange ideas and collaborate, applying our own unique experiences, knowledge and strengths toward a potentially successful breakthrough in lower-emission energy production or a more efficient manufacturing process."

ExxonMobil's partnership with IBM expands the company's collaborative efforts with other companies and academic institutions that are focused on developing an array of new energy technologies, improving energy efficiency and reducing greenhouse gas emissions. The company currently works with about 80 universities in the United States, Europe and Asia to explore next-generation energy technologies.

 

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Earlier: 

 EXXON INVESTS AUSTRALIA $4 BLN
2018, December, 14, 08:30:00

EXXON INVESTS AUSTRALIA $4 BLN

EXXONMOBIL - -ExxonMobil said that it has made a final investment decision to develop the West Barracouta gas field in Bass Strait to bring new gas supplies to the Australian domestic market. The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin.

 

 EXXON'S NET INCOME $6.24 BLN
2018, November, 5, 11:45:00

EXXON'S NET INCOME $6.24 BLN

EXXONMOBIL - Exxon Mobil Corporation announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier.

 

 

 ROSNEFT - EXXON LNG
2018, October, 24, 11:10:00

ROSNEFT - EXXON LNG

REUTERS - Russia’s Rosneft (ROSN.MM) and U.S. ExxonMobil (XOM.N) plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said.

 

 RUSSIA - EXXON: NEW PROJECTS
2018, October, 22, 11:55:00

RUSSIA - EXXON: NEW PROJECTS

BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.

 

 EXXON'S LNG FOR CHINA
2018, October, 19, 11:05:00

EXXON'S LNG FOR CHINA

REUTERS - Exxon Mobil Corp is placing big bets on China’s soaring liquefied natural gas (LNG) demand, coupling multi-billion dollar production projects around the world with its first mainland storage and distribution outlet.

 

 EXXONMOBIL EARNINGS $4 BLN
2018, July, 30, 13:30:00

EXXONMOBIL EARNINGS $4 BLN

EXXONMOBIL - Exxon Mobil Corporation announced estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Cash flow from operations and asset sales was $8.1 billion, including proceeds associated with asset sales of $307 million. During the quarter, the corporation distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, up 69 percent from the prior year, reflecting key investments in Brazil, the U.S. Permian Basin and Indonesia.

 

 U.S. - EXXON - RUSSIA SANCTIONS
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

 

Tags: EXXON, MOBIL, IBM, QUANTUM, COMPUTING

Chronicle:

EXXON IBM QUANTUM COMPUTING
2019, February, 15, 12:20:00

GREEN ENERGY CONGRESS JUNE 2019

GREENENERGY - We take an immense pleasure to extend our warm welcome to invite all the participants from all over the world to attend 7th World Congress and Expo on Green Energy during June 24-25, 2019 Barcelona, Spain

EXXON IBM QUANTUM COMPUTING
2019, February, 15, 12:15:00

СЕВЕРНЫЙ ПОТОК 2 БУДЕТ РЕАЛИЗОВАН

МИНЭНЕРГО РОССИИ - «Мы считаем, что проект газопровода – коммерческий, и в нем заинтересованы европейские компании. Из-за того, что потребление газа в Европе будет расти, а собственная добыча – падать, Европа будет нуждаться в дополнительных объемах импорта. Наша конкурентоспособность подтверждена годами. Уверен, что проект будет реализован, он станет одним из основных инфраструктурных проектов на десятилетия вперед»,

EXXON IBM QUANTUM COMPUTING
2019, February, 15, 12:10:00

СЕВЕРНЫЙ ПОТОК 2 ВОВРЕМЯ

ГАЗПРОМ - Отдельное внимание на встрече было уделено ходу реализации проекта «Северный поток — 2». Отмечено, что укладка газопровода в Балтийском море идет по графику.

EXXON IBM QUANTUM COMPUTING
2019, February, 15, 12:05:00

NORD STREAM 2 DEAL

REUTERS - Russia's planned Nord Stream 2 gas pipeline direct to Germany is set to face EU market rules after negotiators agreed informally to change the EU's gas directive to apply to offshore gas links, the European Commission said late Tuesday.

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