Idle time for a drilling rig costs about $250,000 an hour. AI is being embraced across the industry to ensure it doesn’t happen.A while back, an energy major had an unfathomable, intermittent problem with its drilling operations. It was beginning to cost big money, and experts from IBM were called in. After an extensive AI and human examination of historical sensor data, the problem was determined to be caused by whale song during the mating season which was reverberating in the drill pipe…
Beam, a provider of high-technology offshore wind services, has unveiled Scout, an autonomous underwater vehicle (AUV) driven by artificial intelligence (AI).Scout, a concept expected to enter the market in 2025, will put the power of subsea inspection directly in the hands of wind farm operators…
Energy technology company Baker Hughes and oil and gas major Repsol have signed an agreement to collaboratively develop and deploy next-generation artificial intelligence (AI) tool to optimize processes and workflows for oil and gas production…
Beam, a company created by the recent merger of Rovco and Vaarst, has deployed ‘the world’s first’ autonomous underwater vehicle (AUV) driven by artificial intelligence (AI) at Seagreen offshore wind farm in Scotland.The AI-driven AUV has been used to inspect jacket structures on Seagreen wind farm…
SLB and NVIDIA have expanded their long-standing collaboration to accelerate and scale up the development of generative artificial intelligence (AI) solutions for the energy industry.The collaboration accelerates the development and deployment…
SLB has launched the Lumi™ data and AI platform which integrates advanced AI capabilities with workflows across the energy value chain.The open, secure and modular platform allows access to high-quality data across subsurface, surface, planning and operations…
Renewable energy industry supplier Ocean Geophysics has introduced an AI-driven boulder identification tool, which is expected to reduce development risk, time and cost for developers of offshore wind farms.Large, individual boulders as well as boulder fields with thousands…
SLB has announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed artificial intelligence (AI) model builder for oil and gas operations.The Geminus model…
China’s first smart FPSO Hai Yang Shi You 123 has been delivered to CNOOC in Nantong, Jiangsu.Hai Yang Shi You 123 is the first FPSO in China that integrates digital technologies including cloud computing, big data, internet of things, artificial intelligence and edge computing…
A new study led by the Massachusetts Institute of Technology (MIT) and supported by ABS, offshore industry leaders and MathWorks has expanded the use of artificial intelligence (AI) tools and machine learning methodologies to better predict riser motion…
Tech company Kinemagic, focused on developing augmented reality solutions for heavy industrial companies, has recently launched Stratus, a 3D VR/XR software solution that the company promises will shake up the digital twin industry. Stratus…
With a goal of creating more artificial intelligence (AI) led solutions for the oil and gas sector, Abu Dhabi National Oil Company (ADNOC) has signed a deal with compatriot technology company Group 42 (G42) to create a new joint venture.The…
TGS and Quantico Energy Solutions announced a technology collaboration to leverage their respective offerings in seismic data, AI-based well logs, and artificial intelligence (AI)-based seismic inversion.TGS is a provider of multi-client geoscience…
Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider C3.ai to accelerate the digital transformation in the oil and gas industry.'AI…
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