Perhaps nothing in the last 40 years of upstream technology and innovation can rival the impact that Artificial Intelligence is having on the global oil and gas industry. Many operators and service companies, alike, are looking at ways that A.I. can generate greater productivity and financial gains. A.I. translates massive volumes of geological, drilling and production data […]
The alliance brings together SLB’s digital and domain expertise in subsurface, subsea, surface production and recovery with SBM Offshore’s digital and full FPSO lifecycle capabilities. The companies will leverage their respective digital capabilities to create an AI-powered digital ecosystem that enhances FPSO digital asset management – improving uptime performance and reducing total cost of ownership for offshore operators.
“This partnership reflects Petronas’ firm commitment to collaborate for a future-ready Upstream digital and technology ecosystem. By integrating advanced AI and data-driven solutions across the value chain, Petronas is reinforcing our position as a resilient and adaptive upstream player”, Mohd Jukris Abdul Wahab, Petronas Executive Vice President and Chief Executive Officer of Upstream, said.
Amazon is partnering with Talen Energy, a former power utility-turned-nuclear innovator, which will supply the cloud giant with electricity from its Susquehanna nuclear power station, located in Luzerne County. Talen previously spun off its nuclear arm into Cumulus Data, which is developing a 475 MW data center campus adjacent to the power plant. That infrastructure will now be part of Amazon’s AI backbone.
Europe’s oil and gas industry is increasingly leveraging AI to optimize operations across its value chain as the region faces growing energy security concerns, according to a new research report published by Information Services Group (ISG), a global technology research and advisory firm.
BP Plc anticipates strong growth in the U.S. as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.
Players in the Oil and Gas Industry say Artificial intelligence (AI), has the potential to revolutionise Africa’s oil and gas sector by driving innovation across various aspects of the industry.
Global Data: Aramco is leading oil companies in AI investment.
Saudi Aramco spent $3.5 billion on research and development last year.
As for AI itself, the technology was deployed in areas such as oil exploration, fault monitoring, and cyber threat detection.
Artificial Intelligence (AI) has already begun saving oil and gas companies millions of dollars a year by improving operational efficiency, the Al-Attiyah Foundation has stated in its latest Energy Industry report.