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Shell, C3 AI, Baker Hughes, and Microsoft launch the Open AI Energy Initiative, an ecosystem of AI solutions to help transform the energy industry
Feb. 2, 2021
Source: World oil

Shell, C3 AI, Baker Hughes, and Microsoft launch the Open AI Energy Initiative, an ecosystem of AI solutions to help transform the energy industry

OAI provides framework for energy operators, service providers, equipment providers, and independent software vendors for energy services to offer interoperable solutions, including AI and physics-based models, monitoring, diagnostics, prescriptive actions, powered by BHC3™ AI Suite and Microsoft Azure. First set is provided by Shell and Baker Hughes focus on reliability and designed to improve uptime and performance of energy assets/processes.

Halliburton enters into an agreement with Microsoft and Accenture
July 18, 2020
Source: World Oil

Halliburton enters into an agreement with Microsoft and Accenture

Halliburton, Microsoft and Accenture entered into a five-year strategic agreement to advance Halliburton’s digital capabilities in Microsoft Azure. Under the agreement, Halliburton will move to cloud-based digital platforms and strengthen its customer offerings by, Enhancing real-time platforms for remote operations, Improving analytics capability with the Halliburton Data Lake utilizing ML & AI, and Accelerating the deployment of new technology and applications, including SOC2 compliance, for Halliburton’s system reliability and security.

Houston firm lands artificial intelligence deal with bp
June 3, 2020

Houston firm lands artificial intelligence deal with bp

Bluware has landed an AI deal with British oil major bp. Bluware had entered into an agreement with bp to improve its ability to interpret seismic data. Financial terms remain undisclosed. Large seismic data sets are difficult to move and use in workflows. The interpretation of these data sets is also time-consuming. Using this tool, geoscientists can interactively train and correct deep learning results, thereby, improving structural interpretation workflows.

Honeywell buys out Rebellion Photonics
Dec. 17, 2019

Honeywell buys out Rebellion Photonics

American conglomerate, Honeywell has purchased Rebellion Photonics, a Houston-based provider of innovative, intelligent, visual gas monitoring solutions. Rebellion Photonics’ real-time monitoring platform allows plant operators to visually identify and quantify gas releases. Rebellion will become acquired into Honeywell’s Safety and Productivity Solutions business, which offers an array of gas detection technologies, safety gear, mobility solutions and software to ensure worker's safety and productivity.

Digital collaboration underway as Baker Hughes, C3.ai and Microsoft join hands
Nov. 20, 2019

Digital collaboration underway as Baker Hughes, C3.ai and Microsoft join hands

In a major step towards the deployment of Artificial Intelligence in the energy industry, Baker Hughes, C3.ai and Microsoft have come together to deliver enterprise AI solutions to the energy industry. The alliance will allow clients to leverage the energy technology expertise of Baker Hughes, C3.ai’s proven AI platform and applications, and the Microsoft Azure cloud computing platform. The solutions are custom-designed to tackle challenges across the entire value chain.

Total to set up a digital factory
April 22, 2019
Source: World Oil

Total to set up a digital factory

Last year, Total signed an agreement with Alphabet Inc.’s Google to work on developing AI solutions for the subsurface data analysis. Working on the same lines, Arnaud Breuillac, Total's head of E&P, recently informed in a conference about the digital factory to be set up by the company. This factory will employ 200 to 300 engineers in order to build the North sea project successfully using AI.

BP spends £3.8m on AI technology
Jan. 29, 2019
Source: Energy Voice

BP spends £3.8m on AI technology

Houston-based start-up Belmont Technology has received an investment of £3.8 million from oil supermajor, BP Plc. Belmont has developed a cloud-based geoscience platform using AI, which links geology, geophysics, reservoir and project information. The platform will enabled BP to gain a clearer understanding of its subsurface assets. Belmont’s technology aims at a 90% time-reduction in data collection, interpretation and simulation.

Shell and Microsoft join forces
Sept. 25, 2018
Source: CNET

Shell and Microsoft join forces

Tech giant, Microsoft and oil major, Shell are coming together to run a pilot project on the integration of AI tools into gas stations, with initial implementation in Singapore and Thailand. Microsoft is deploying its proprietary Azure IoT Edge to find people smoking cigarettes at the station, considering the serious safety risks posed by smoking. The firms are also working on efficient drilling using AI and better communication between employees.

Rise of the Fourth Industrial Revolution
June 17, 2018
Source: Oil Price

Rise of the Fourth Industrial Revolution

The 4th Industrial Revolution, on the back of Artificial Intelligence, 5G, the Internet of Things (IoT) and Augmented Reality, has started to appear on the horizon. A whole new world is under construction and the foundation to this world is Data, being collected from every aspect of our lives. While concerns over data protection has been voiced many times, the new Blockchain Technology has now emerged as a viable compromise.

Chiyoda and ADNOC LNG sign MOU for digital technology
May 7, 2018

Chiyoda and ADNOC LNG sign MOU for digital technology

Chiyoda Corporation, the Japanese engineering major, has concluded a Memorandum of Understanding (MOU) with Abu Dhabi Gas Liquefaction Company Limited (ADNOC LNG) to provide state-of-the-art digital technologies, including artificial intelligence and big data analytics, on ADNOC LNG’s facilities. Chiyoda is striving to achieve the objective of ‘technology and business innovation (developing a new business model for a digital society)’.

Total to develop AI solutions with Google Cloud
April 25, 2018

Total to develop AI solutions with Google Cloud

Total and Google Cloud have collaborated to jointly develop artificial intelligence (AI) solutions for oil and gas exploration and production aimed at subsurface data analysis. These programs will allow Total’s geologists, geophysicists, reservoir and geo-information engineers to explore and assess oil and gas fields faster and more effectively.

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