AI – Page 2 – Oil & Gas 360

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

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

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

APA, Palantir expand partnership to leverage AI across oil and gas operations

September 27, 2024

(World Oil) – Palantir Technologies Inc. and APA Corporation announced a multi-year, multi-million-dollar extension to their enterprise agreement originally signed in 2021. The agreement builds on the work deployed across APA’s global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir’s Artificial Intelligence Platform (AIP) software. Over the past three years, Palantir has partnered with

SLB expands collaboration with NVIDIA to develop AI-powered solutions for energy industry

September 23, 2024

World Oil (WO) — Global energy technology company SLB is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry. The collaboration accelerates the development and deployment of industry-specific generative AI foundation models across SLB’s global platforms, including its Delfi digital platform and Lumi data and AI platform, by leveraging NVIDIA NeMo, part of

McKinsey and Company warns on warming path

September 19, 2024

(Oil & Gas 360) – According to McKinsey and Company’s 2024 Global Energy Perspective, released earlier this week, the world is failing to reach the CO2 reduction targets outlined in the Paris Agreement nine years ago. The study examines the financial, policy, technological, and infrastructure progress on the “1.5 Degree Pathway,” which outlines steps to limit global warming to

Decarbonization sensation- Houston hosts huge climate tech conference this week

September 18, 2024

(Oil & Gas 360) – Houston assumes its familiar role as global energy leader for four days this week for The Gastech Climatetech & AI Conference Sept. 17-20. About 50,000 attendees and 800 companies from 125 countries are expected to hear about progress on the group’s mission to “foster the development of green molecules and electrons within a new energy

AI’s race for US energy butts up against bitcoin mining

August 28, 2024

U.S News U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centers. Those data centers are driving the fastest U.S. power demand growth since the start of the millennium, outpacing grid expansions and leaving giant technology companies, like

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