American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
IBM and Amazon Inc.'s Amazon Web Services announced on Monday, Nov. 15, that they have signed a deal to work together on helping oil and gas companies in managing different kinds of data.
According to Reuters, Amazon already worked with Royal Dutch Shell, an Anglo-Dutch multinational oil and gas firm headquartered in The Hague in the Netherlands, in 2018. Amazon's IT service management subsidiary helped Shell in creating a technology that converts data from over a hundred years of oil production into a standard format so multinational oil firms could boost efficiency across their operations.
Most of these data were recorded on paper, so a century's worth of documents is surely difficult to manage. For this, the International Business Machines Corp. and Amazon Web Services will keep the data safe and make them readily available when needed through technology.
It was said that the tool is being shared industry-wide on an open-source basis, and it only works in cloud computing data centers. IBM and Amazon said they would collaborate to help solve the issue of data storage and lack of data centers.
The team will use OpenShift, an IBM technology, where oil companies can utilize the oil business cloud data tools in their privately-owned data centers within their countries. This will hasten the reduction of data roadblocks within the industry. It was added that the IBM Open Data for trades is an open-source solution that uses the OSDU data foundation for the oil, gas, and energy industries.
"Much of the data needed to solve the complex energy challenges, such as superior subsurface decisions, already exists, yet is untapped. This is because one of the greatest values of that data is derived when it can be effectively combined, but usually, this data is locked by data residency requirements, legacy applications or proprietary data formats," Amazon's AWS' vice president of engineering, Bill Vass, said in a press release. "By collaborating with IBM and leveraging Red Hat OpenShift, we will be able to offer customers a global, seamless offering with the flexibility to run on virtually any IT infrastructure and drive longer-term digital innovation."
Finally, Manish Chawla, IBM's global managing director on energy, resources, and manufacturing, added that their team-up with AWS is tackling the need to make it easier for energy clients to access their data easily as well as provide the business with an adaptable solution to meet the challenges of today as the industry evolves.
