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Artificial Intelligence News

 

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Dec 18, 2024

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’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Nov 13, 2024

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…

BHGE to Bring AI to Oilfield

Jun 26, 2019

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…

Current News

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

CNOOC Puts Into Production New Oil Field in South China Sea

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South Korea's LG Energy Solution withdraws from Indonesian EV battery investments
Gold soars at record high due to trade war fears and weaker dollar
Interfax reports that the Russian economy ministry has cut its Brent price forecast for 2025 by almost 17%.
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