UK North Sea Regulator Proposes Principles For Data Sharing
The draft principles call for firms in the UK offshore energy sector to collaborate more closely to strengthen predictive models such as digital twins, optimise operations and facilitate net-zero objectives.
Saudi Arabia Mulls Huge Investments In Artificial Intelligence
The oil producer is keen to become a major player in the sector, as it seeks to broaden its economic base away from energy exports.
Global Tech Giants Make Big AI Investments In Southeast Asia
Indonesia, Malaysia, Thailand and Singapore are among countries to attract sizeable AI-related investments from global tech companies, including Microsoft and Amazon.
UK Announces £37.6m Digital Twin Centre In Northern Ireland
The facility in central Belfast adds to a network of existing centres, designed to foster collaboration, innovation and provide training as part of the UK’s push for leadership in AI-related technology.
Supporting Cash-Strapped AI Developers With Free Computing Power
Machine learning platform Hugging Face is providing $10m-worth of free computing power to fledgling artificial intelligence developers facing huge bills.
Digital Twin Network Needed To Support UK Energy Transition, DNV Says
A report from DNV investigates the benefits and challenges of developing a network of interconnected digital twins, as part of the UK’s efforts to introduce the low-carbon technologies required to hit its net-zero targets.
Corporate TAX Revamp May Be Needed To Counter Jobs Impact Of AI, Says IMF
Generative AI is already changing the jobs market, requiring a range of new skills, but it is also making a lot of traditional roles obsolete. A new report from the financial institution stresses that managing this labour transition fairly won’t come cheap.
SLB and TotalEnergies Team Up On Digital Solutions Development
The energy sector giants say they will pool resources to develop subsurface digital solutions and AI-based tools to reduce the carbon intensity of oil and gas fields, as well as advancing carbon capture and storage.
ADNOC Rolls Out AI-Powered Technology For Offshore Wells
The UAE-based company is striving to become a global leader in the application of AI tools in the oil and gas sector. As part of that push, it is rolling out some smart technology in its Persian Gulf fields.
Jury Still Out On Extent Of Power Demand Impact From Data Centres
The IEA says more reliable data and better stocktaking measures are required before a clear picture can emerge of how the AI revolution will affect electricity requirements.