Artificial Intelligence (AI) Archives

ADNOC and AIQ launch agentic AI solution for global energy transformation

November 4, 2024

(World Oil) – ADNOC and AIQ announced today at ADIPEC the launch of ENERGYai, the world’s first-of-its-kind custom-built agentic artificial intelligence (AI) solution for the global energy transformation. ENERGYai will combine large language model technology with cutting-edge ‘agentic’ AI – AI ‘agents’ that are trained in specific tasks across ADNOC’s value chain. These specialized AI agents bring a new level

How to prepare the “Largest machine in the world” for AI

October 28, 2024

(Oil & Gas 360) – As Artificial Intelligence (AI) expands to potentially revolutionize every aspect of human existence, the expected electrical demands required by the power devouring technology in its earliest stages present a formidable planning and financing challenge for utilities and other power plant developers. The so-called electrical boom, the result of everything from growing economies and populations, cloud computing

Aramco’s venture capital fund allocates $100 million for AI investments

October 28, 2024

(World Oil) – Saudi Aramco’s venture arm has earmarked $100 million to invest in artificial intelligence startups as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI. Wa’ed Ventures has appointed an advisory board made up of former employees from companies including Meta Platforms Inc. and Amazon.com Inc. to explore early-stage investments in

ADNOC and AIQ to deploy AI solution that will boost upstream operations

October 18, 2024

(World Oil) – ADNOC announced today the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s successful initial deployment in early 2024 on two ADNOC reservoirs at Bab and Umm Shaif fields. Developed by AIQ with SLB as part of ENERGYai, ADNOC’s artificial intelligence and digital technology strategy, AR360

The double-edged sword of AI in the Energy sector

October 14, 2024

(Oil Price) – AI could cause a catastrophic collapse of under-prepared electric grids and walk back advancements in the decarbonization of the tech industry – or, it could be the sector’s saving grace. Artificial Intelligence requires a stunning amount of energy to train and power its complex computations. As the sector explodes, the computational power necessary to sustain its growth is doubling

Upstream Energy Sector Increasingly Turns to Artificial Intelligence and Advanced Analytics to Navigate Energy Transition and Accelerate Carbon Reduction Efforts

December 18, 2023

Upstream Energy Sector Increasingly Turns to Artificial Intelligence and Advanced Analytics to Na…

Amazon Web Services unveils five artificial intelligence innovations for oil, gas industry

September 29, 2023

World Oil (WO) – Amazon Web Services, Inc. (AWS) announced five generative artificial intelligence (AI) innovations, so oil and gas organizations of all sizes can build new generative AI applications, enhance employee productivity, and transform their businesses. The announcement includes the general availability of Amazon Bedrock, a fully managed service that makes foundation models (FMs) from leading AI companies available

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