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NVIDIA GPUs Powering Upstream Business: SHEL, SLB, PBR Stocks to Gain

The demand for NVIDIA’s NVDA graphic processing units (GPUs) has surged significantly, positioning it as a leading player in the artificial intelligence (AI) revolution and one of the world’s most valuable companies. NVIDIA’s GPU-accelerated computing is transforming various industries, including oil and gas, by expediting complex calculations and enhancing data analysis. This technology improves seismic imaging, reservoir simulations and real-time data analysis, all of which are essential for locating oil and gas reserves more quickly and accurately.

Oil & Gas Stock Roundup: Shell in Australia & SLB in Russia Make Headlines

It was a week when both oil and natural gas prices recorded small losses.

The headlines revolved around energy biggie Shell plc’s SHEL investment in an Australian gas project and equipment supplier SLB’s SLB expansion in Russia. Developments associated with ExxonMobil XOM, Marathon Oil MRO and NextDecade Corporation NEXT also grabbed attention.

NUPRC, Schlumberger to develop Nigeria’s frontier oil basins

The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, announced that it would work with Schlumberger Global to develop frontier oil basins in Nigeria.

Schlumberger, globally known as SLB Global, is a major player in the oil and gas industry, while Nigeria’s frontier basins are regions with potential for oil and gas reserves that have not been extensively explored yet.