AI and digital tech could add $500bn in value for upstream players
Rystad Energy says digitalisation and artificial intelligence could create massive benefits for E&P firms by 2030 in terms of efficiency improvements and reduced costs, with growth likely to accelerate in the following decade.
Petronas launches digital hub for partners
The Digital Intelligence Centre will connect Petronas’ upstream arm with
national and international partners to consolidate workflows, data and intelligence in a single environment, allowing faster, more informed decision-making.
Oilfield services firms build up AI-enhanced operations
Oilfield services firms such as SLB are reporting increased take up for their AI-driven and other digital offerings, as their customers in the energy sector experience the benefits, notably in achieving efficiency gains.
Momentum gathers behind physical AI applications
There may be caution in some parts of the energy industry over the widespread deployment of autonomous robots, given safety, reliability and cost issues, but the use of physical AI is set to grow, according to recent research.
Digital twin helps gas infrastructure firm to meet AI-driven energy demand
Digital twins are proving their worth across the energy industry, as the adoption of Kongsberg Digital’s technology by energy infrastructure firm Williams demonstrates.
Risk assurance for AI systems can build on proven foundations
AI creates new challenges for risk management in safety-critical industries, due to its constant evolution and unpredictability. But DNV says the obstacles can be overcome through adaptation of existing approaches.
India lays down challenge to tech giants at AI summit
India is playing catch-up in the global race to commercialise artificial intelligence (AI), but heavy investment in infrastructure, showcased at the India AI Impact Summit, could help close the gap.
Saudi Arabia, Aramco and Microsoft expand AI collaboration
The partners will explore ways to enhance AI deployment and training at Aramco and more widely in the country.
AI impacting energy jobs outlook, survey finds
Energy professionals are taking advantage of AI to achieve better work outcomes and further their careers, but they are also feeling uncertain about its impact on job security, according to a new survey.
Petronas builds AI capabilities with global tech firms
Malaysia’s national oil company is working with the world’s leading AI technology developers to build on its position as a major upstream force.