Robots redraw energy supply chain
Market participants are turning to artificial intelligence for cost and efficiency gains
In this article, PE looks at the impact of new technologies on the industry. Part I of II. For part II, click here. From deep-water directional drilling to the liquefaction and long-distance transport of natural gas, the energy sector has long pioneered the use of transformational technologies. Now the sector is facing another wave of change, this time from the pervasive potential of AI which enables unlimited amounts of data to be ingested, interpreted and acted upon immediately. As is already happening in financial, retail, healthcare and other sectors, this fourth industrial revolution is set to improve productivity and overhaul established working practices within the energy sector and i
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised