AI companies race to lock down oil clients
Tech companies are pitching bespoke, AI-driven tools to help operate drilling rigs, refineries, and other oil assets.
AI companies are racing to secure deals with oil industry clients, with OpenAI's recent partnership with ADNOC serving as a prime example. This push follows ADIPEC, where numerous tech firms are showcasing their AI-driven solutions to optimize oil rigs, refineries, and other assets. Dan Jeavons, president of UK-based Applied Computing, asserts that the rapid advancements in AI models have propelled the technology to a point where it can significantly impact operating processes within the sector.
Applied Computing leverages AI to analyze millions of data points from sensors embedded in oil infrastructure, enhancing efficiency, accelerating malfunction detection, and reducing emissions. The competition in this field has intensified, with Honeywell Technologies announcing the launch of an AI platform at the newly established Dangote refinery in Nigeria.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
