Why Quantum Computing Remains in Early Stages in the Oil and Gas Industry
Although quantum computing, or quantum processing, has still not become a reality in the oil and gas industry, it will prove disruptive according to an executive of a Brazilian player. July 15, 2021
Credit: BNamericas.
Although quantum computing, or quantum processing, has still not become a reality in the oil and gas industry, it will prove disruptive according to an executive of a Brazilian player.
In quantum computers, atomic and subatomic particles are used to store and process data, replacing transistors and semiprocessors of traditional computers.
That creates the potential to carry out complex analyses in seconds for which traditional devices would need years. This power could be used for more-predictive modeling in the oil and gas industry, faster field analysis and more efficient carbon capture. But many challenges remain.
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Intelligent technologies to spur Binhai high-quality growth
TIANJIN, China, May 21, 2021 /PRNewswire/ A report from chinadaily.com.cn:
Tianjin sBinhai New Area in North China has banked on high-end industries to support its high-quality growth. With over 1,000 players in intelligent technology industries contributing 30 percent to Binhai s whole industrial output, these industries have become the area s power engine to spur development quality.
With players in the area developing in numbers, industry coverage, and technology level, competitiveness has grown in wide smart technologies including chips, software, information technologies, big data, IoVs, robots, and medical intelligence.
Binhai has formed a highland with related players and resources, including two national demonstration bases for the electronic information industry and the software and information service industry; one strategic emerging industry cluster for network information security product and service, and