World Oil (Bloomberg) – From a dark Houston control room, Rafael Guedes watched on a monitor as a robot took charge of a drilling rig in a North Dakota oil field, locking out the human operator. Glowing red boxes lit up the screen as an artificial intelligence program took over the distant Nabors Industries Ltd. rig, beaming instructions by satellite
Urbint New York – March 4, 2021 – Urbint, the leading AI platform preventing threats to infrastructure and workers in the field, received a strategic investment from Blue Bear Capital, which invests in high-growth technology companies across the energy, infrastructure, and climate sectors. Urbint will use the investment to meet rapidly growing demand for its technology. Blue Bear Capital will
CNBC Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The pledge came after a Greenpeace report on Tuesday highlighted how Google, Microsoft, and Amazon use AI and warehouse servers to help the likes of Shell, BP, and ExxonMobil to locate and retrieve oil and gas deposits from the earth. A Google spokesperson confirmed to CNBC
Houston Chronicle Microsoft on Thursday announced plans to remove more carbon than it emits by the end of the decade, a pledge that addresses the climate change crisis more aggressively than many of its tech rivals. The software giant, which announced the initiative at a news conference at its Redmond, Washington, headquarters, also plans to remove all the carbon emissions
BP BP Ventures has invested in energy management specialist R&B, BP’s first venture into artificial intelligence (AI) technology in China. R&B’s energy management systems are designed to predict, control and improve a building’s energy use, supporting BP Alternative Energy’s focus on low-carbon power, storage, digital energy value chain and wider Energy as a Service (EaaS) offers. Buildings currently account for one
Houston Chronicle Houston oilfield service company Baker Hughes has entered into a three-way agreement and partnership to boost the adoption of artificial intelligence technology in the oil and natural gas industry. Baker Hughes, tech giant Microsoft and Silicon Valley artificial intelligence company C3.ai have signed an agreement to work together to develop and deploy the cost-cutting technology for industry customers across
From the American Journal of Transportation Capacity crunch continues in 2019 Over the last decade, trucking capacity has continued to tighten, making it increasingly difficult for shippers to find trucks to transport their bulk products. In 2019, many ocean carriers will be forced to sit longer at port waiting for trucks to pick up the cargo, which will prompt some
Delivering more cost savings for the offshore oil and gas industry From WorkBoat – Dr. William J. Pike In recent years, the oil and gas industry has changed rapidly in response to low oil prices. Among the most significant changes is a move toward using automation and artificial intelligence (AI) in operations that should significantly lower costs. It has worked
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