Artificial Intelligence (AI)

Weatherford, AIQ partner to integrate AI-driven systems for oil and gas operators

April 22, 2025

(World Oil) – Weatherford has signed a strategic Memorandum of Understanding (MOU) with AIQ, the Abu Dhabi-based artificial intelligence (AI) company developing innovative solutions for the energy sector. This partnership is set to bring transformative efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology. The collaboration aims to integrate Weatherford’s world-class software and hardware

Miros strengthens oil spill detection system with cloud-enabled capabilities

April 10, 2025

(World Oil) – Miros, an industry leader in real-time ocean insights for maritime and offshore operations, has made a significant update to its Oil Spill Detection (OSD) system. The latest version of the Miros OSD now features cloud-enabled capabilities, a natural product evolution that further distinguishes it from other oil spill detection solutions on the market while aligning seamlessly with

Global energy demand rises as power consumption jumps

March 24, 2025

(Oil Price) – Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. Record-high temperatures, higher demand from industry and for electrification, and AI and data centers contributed to a 4.3% rise in global power consumption last year, the IEA said

Big Tech’s data center boom poses new risk to US grid operators

March 19, 2025

(Yahoo News) – BOSTON – Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of them – suddenly dropped off the grid one day last summer and switched to on-site generators.

Aramco’s venture arm invests in Telefonica-backed AI startup

February 17, 2025

(World Oil) – (Bloomberg) – Saudi Aramco’s venture arm has invested in an AI cloud startup backed by Spanish telecom giant Telefonica SA as it seeks to drive the kingdom’s push to become an artificial intelligence hub. The deal with UK-based Ori will see the company establish a regional subsidiary in Riyadh to develop talents and advance technologies in the local

U.S. grid investments jump as AI leads power demand surge

January 28, 2025

(Oil Price) – A number of grid operators and utilities in the United States are planning billions of U.S. dollars worth of investments in power transmission lines and networks as American electricity demand rises after two decades of stagnation. The advancements in AI and the surge in electricity demand for powering and cooling data centers have prompted the utilities sector to

Kodiak, Atlas Energy deploy RoboTrucks for driverless proppant transport in Permian

January 27, 2025

(World Oil) – Atlas Energy Solutions has completed the delivery of 100 loads of proppant with its two RoboTrucks, semi-trucks equipped with the Kodiak Driver, Kodiak Robotics’ self-driving system. This milestone marks the first time ever that a customer has taken ownership of a RoboTruck and launched driverless commercial semi-trucking operations. The initial driverless operations, which were announced in July

AI, carbon reduction, and M&A are top oil and gas trends to watch in 2025, new report says

January 14, 2025

(World Oil) – According to a new report from national law firm Lathrop GPM, oil and gas (O&G) decision makers are grappling with carbon reduction initiatives and artificial intelligence (AI) readiness—as well as continuing to evaluate potential mergers and acquisitions (M&A) to drive new efficiencies—amid ongoing economic, geopolitical and regulatory uncertainty. This year’s annual report, “2025 Oil and Gas Outlook

SLB awarded multi-region contracts by Shell to deploy AI-enhanced deepwater drilling

January 9, 2025

(World Oil) – SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others. The projects, which will be delivered over a three-year timeframe, will combine SLB’s AI-enabled digital drilling capabilities with its expertise in

Geothermal energy could help power AI data centers

December 23, 2024

(World Oil) – Technology giants are partnering with geothermal start-ups as they seek to power their energy-intensive data centers with clean but reliable power sources. Several deals have been struck over the past year as Big Tech is looking to boast low-emission profiles of its energy use. The other 24/7 low-carbon energy comes from nuclear power generation, and deals have been

Data centers are eating the grid alive

December 20, 2024

(Oil Price) – The future of data centers is about to make a huge draw on the power grid. According to a DOE-backed report from Lawrence Berkeley National Lab, U.S. data center energy use could nearly triple by 2028, eating up as much as 12% of the country’s electricity. Why? Blame AI and its insatiable hunger for powerful chips and energy-guzzling

US utilities boosting capex plans to meet demand from power-guzzling sectors

November 22, 2024

(BOE Report) – Major U.S. utilities are expected to spend heavily on upgrading their electric lines and grids over the next five years to cater to power-hungry sectors, although experts worry that their plans to raise rates sharply to offset higher costs may face regulatory hurdles. In the past few weeks, about nine utilities had raised their capital expenditure forecast by

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