Digital adoption could save oil and gas industry $320bn by 2030
Research from Rystad Energy highlights where the largest savings are likely to be made and how firms are seeking to overcome the challenges of implementing costly digital strategies.
Equinor identifies $130m savings in 2025 from AI use
The Norwegian energy firm said artificial intelligence had helped improve efficiency, enhanced analytical capabilities and cut costs across its operations.
Aramco CEO tells Davos meeting of growing AI benefits
Amin Nasser highlighted the tangible impacts of AI-driven technology at the world’s largest oil company, as it seeks to increase investment in the sector.
Fusion pioneers turn to AI and digital twins to speed up progress
Nuclear fusion power developers must overcome huge scientific and engineering challenges to make the technology a commercially viable form of electricity generation – digital twins are helping to make that job easier.
Qatar, Brookfield form $20bn venture to develop AI capabilities
The world’s sixth-largest gas producing country is aiming to rival Middle Eastern neighbours as an artificial intelligence hub and has launched a new company to direct its investments in the sector.
Energy sector lags other industries in attracting AI talent, IEA says
AI is making a tangible difference for energy firms, but the agency reports that concentrations of AI-skilled workers across the sector are 40% lower than others, such as technology, finance, education and media.
AI-powered study reveals upside potential for existing oilfields
Wood Mackenzie has applied AI tools to its oil industry database to show that improved production from existing fields may be able to meet global oil demand for the next 25 years.
Impact of AI on energy systems will be complex, BP says
AI is changing energy systems in myriad ways, so predicting the future scale and speed of its future impact is far from straightforward, BP says in its latest energy outlook.
Data centre builders tap into benefits of old power plant sites
Coal-fired power stations are being phased out, but their sites are proving attractive to tech firms seeking to speed up data centre construction.
UAE’s AIQ collaborates with SLB on subsurface AI
The partners will further develop AIQ’s ENERGYai platform, which aims to significantly improve speed and accuracy in subsurface operations on ADNOC’s oil and gas fields.