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Artificial Intelligence (AI)

Artificial Intelligence (AI) in the Oil Industry

Greeneum is a decentralized network that aims to encourage the production and consumption of clean and sustainable energy. Using advanced technologies including blockchain, smart contracts and artificial intelligence. Recently the company publicly announced the creation of “...the world’s first blockchain-powered sustainable, scalable and secure energy and data trading platform…” It is...
Tranzmeo, has secured an undisclosed pre-seed round funding from Hindustan Petroleum Corporation Limited , India (HPCL) for its AI-powered product, T-connect OneView. This marks the only AI start-up in the Kerala to get PSU investment from a Fortune500. The start-up will be utilizing the funds to accelerate research and development of its advanced,...
Kellton Tech is pleased to announce the successful implementation of its Cloud based AI-enabled IoT platform, Optima, for one of its customer in the Oil and Gas industry. Kellton Tech’s proprietary IoT Edge device Envision, a remote communication modular gateway was used for this implementation. The customizable IoT platform, Optima, connects multiple...
OKLAHOMA CITY, Dec. 4, 2018 /PRNewswire/ -- Oseberg, a leading SaaS and data intelligence company in the oil and gas industry, announced today the creation of a new consulting practice dedicated to delivering actionable data intelligence from physical and scanned documents. Dean Williams, a former IHS Markit executive with over...
GLENDALE, Calif., Nov. 20, 2018 /PRNewswire/ -- Beyond Limits, a leading developer of advanced artificial intelligence (AI) solutions, today announced the company's upcoming participation in the Oil & Gas Council's World Energy Capital Assembly (WECA). Since its inaugural assembly in 2008, the event has attracted executives, financiers, and investors from...
BAAR, Switzerland, Nov. 11, 2018 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) is introducing Vero automated connection integrity, which applies artificial intelligence to minimize safety risks and validate well integrity with absolute certainty. Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8413151-weatherford-introduces-vero-automated-technology-adipec-2018/ In applications ranging from conventional land to complex deep water, the Vero solution...
- Midstream, downstream and chemicals sectors exude confidence in continued recovery - Upstream executives seem less certain about the sustainability of the recovery - Cost management and reductions remain a top concern for all sectors - Digital holding more transformative potential for chemicals; more tactical cost control and near-term efficiency applications for...
SINGAPORE, Oct. 29, 2018 /PRNewswire/ -- The "Digital Oilfield" has been one of the most discussed topics in the oil and gas industry in the past few decades. Whether oil prices soar or crash, digital technologies are often touted for finding more oil, extracting it more efficiently, and most importantly, keeping...