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Oil and Gas This Week

Oil and Gas This Week | Dec 6 2024 | Ep 362

Oil and Gas This Week

Mark LaCour & Paige Wilson

Business

4.6582 Ratings

🗓️ 14 December 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

Mark and Paige record from Reuter’s Energy Live Conference with Bill Hendricks, President of Americas at Cognite. News Stories Chris Wright’s Nomination: A Challenge to Conventional Climate Wisdom https://oilprice.com/Energy/Energy-General/Chris-Wrights-Nomination-A-Challenge-to-Conventional-Climate-Wisdom.html US Treasury Tightens Focus on Iran’s Oil Networks https://oilprice.com/Latest-Energy-News/World-News/US-Treasury-Tightens-Focus-on-Irans-Oil-Networks.html U.S. Enters Winter with Highest Natural Gas Stocks in Eight Years https://oilprice.com/Latest-Energy-News/World-News/US-Enters-Winter-with-Highest-Natural-Gas-Stocks-in-Eight-Years.html Gazprom Hits Maximum Capacity of Pipeline […]

Transcript

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0:00.0

You're listening to the oil and gas this week podcast with Mark LeCore and Paige Wilson.

0:14.5

This is the show for busy oil pros who quickly want to keep their finger on the pulse of the industry.

0:24.2

You're listening in the Oil and Gas This Week podcast brought to by Cognine, the global

0:27.7

leader in AI for the industry.

0:29.6

This is a show for busy oil pros who want to quickly keep their finger on the pulse of the industry.

0:33.8

Thank you for joining us for episode 362.

0:37.0

And we have a special guest today. And it actually truly is a special guest, not unlike other podcasters that call every guest a special guest because we never have guests on the show. But today's a special day. We're announcing that oil and gas this week has a new sponsor for the year, 2025. It's Cognite. We have Bill sitting here from Cognite. Bill, real quick,

0:54.5

introduce yourself. Yeah, Bill Hendricks. I'm the president of Cognite Americas. Yeah. And Bill, thank you, number one, for wanting to work with us. But why? Why does Cognite see interest in working with Olling Ness's week? Why would you like to pay my bills? Yeah. Well, we like you, page. So yes. And, um, sorry, Mark. Well, we like you, Paige. Oh, thank you. So, yes.

1:11.6

Sorry, Mark.

1:12.6

Well, we really appreciate the work that you guys do to bring information and insights into

1:18.1

the industry.

1:19.1

And we want to support that and the positive light that you put the oil and gas industry in.

1:24.0

And then we also see it as a great way to get our message out to the constituencies that are

1:28.0

interested in improving their operations. Awesome. And it's beautiful. And we've known Cognite for a long time, work with you for years. Really a long time. You all have grown tremendously. And if I'm not mistaken, you're moving your headquarters, aren't you? Yes. We have been headquartered in Oslo, Norway. That's where we were founded. and we're pivoting to focus in the U.S. market.

1:46.3

And our headquarters are moving Oslo, Norway. That's where we were founded. And we're pivoting to focus in the U.S. market.

1:46.3

And our headquarters are moving to Phoenix, Arizona. Ooh, I like Phoenix. They have the best buffet ever there. That's for the different podcast. I'm sorry. So, Bill, once again, I know you got stuff to do. I know you got to get out here. But we just want to thank you personally and thank the entire Cognite team.

2:00.4

Big shout out to Gabe, put this together.

2:02.3

We really look forward to working with y'all.

2:04.4

2025. to get out here, but we just want to thank you personally and the entire Cognite team. Big shout out to Gabe, put this together. We really look forward to working with y'all. 2025s will be a great year for both of our companies. And we really looking forward to helping your message out there to the people that Cognite can actually help. Oh, yes. Cognite was founded about eight years ago. We were working with Acker BP, so really focused on the upstream oil and gas area.

2:19.1

And what we discovered was that the complex data that our customers work with make it difficult to make fast and timely decisions.

2:28.8

What Cognite endeavors to do is create simple access to that complex industrial data so that you can use algorithms, including generative AI, in order to scale that decision-making process and accelerate your value of the data that you have. Yeah, absolutely. And we're going to have much more of Codnight and education on our other podcasts. Right now that we probably need to get into news, but before we get to news, we got a review page. Oh, yeah, we do have a review. Oh, it's a five-star. Great podcast. Right now, though, we probably need to get into news. But before we get to news, we got a review page. Oh, yeah, we do have a review. Oh, it's a five-star. Great podcast. Hey,

2:55.4

guys. I love the show. I'm a second-year finance student at the University of Calgary over in Canada.

...

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