How Multibillion Dollar Investments In AI Are Driving Oil And Gas Sector Innovation

We are unquestionably in the midst of a global public debate about artificial intelligence (AI) and machine learning. The discussion often involves two alternate and somewhat extreme realities – a dystopian vision wherein advanced digital minds and machines would have grave consequences for humanity, and a utopian one that sees AI driving progress, efficiencies and economic growth in a futuristic setting. What ultimately unfolds will likely be a more balanced and process oriented deployment of AI.

As the commercial and industrial world makes its own mind up whilst grappling with the political classes, one segment of the global economy is clearly voting in favour of process oriented AI – the oil and gas sector. Quite used to cyclical volatility and economic downturns impacting their fortunes, hydrocarbon extractors are finding an ally in AI to facilitate operational predictability as well as assistance in meeting their carbon emissions targets.