Devsort’s Post

AI has the potential to improve efficiency, safety, and predictive maintenance in oil and gas! It can automate seismic interpretation, reservoir modeling, and machinery upkeep, which can significantly reduce operational downtime. As AI technology matures, oil and gas firms that do embrace it very well may benefit from faster, more accurate processes and even better asset management. #AI #OilAndGas #Oil #Gas

“We are a long way from that of course but the advances in large language models have the ability to make our industry more intuitive, which will in turn increase efficiency of our operations,” Knott added. Check out our CEO, Vicki Knott, P.Eng's article with Oil & Gas Jobs by Rigzone about Machine Learning and AI Adoption:

Artificial Intelligence (AI) is the key to opening numerous opportunities and benefits across the oil and gas landscape. AI has the potential to transform every process through its diverse applications, steering the way to a new era of efficiency and innovation for upstream, midstream, and downstream sectors. Let us take a closer look at the top AI applications in the oil and gas industry: #artificialintelligence #oilandgasindustry #softwaredevelopmentcompany #machinelearning #bacancy

How is the oil and gas sector being affected by AI? 🛢 From supporting oil exploration to empowering predictive maintenance, the need for AI in the oil and gas space is quickly growing 📈 Texas, the largest oil-producing state, has seen a big increase in the need for data and AI professionals and graduates 🗣 “Across all industries locally, everyone’s making an AI play. We’re noticing a huge need for talent in and around Texas and Arizona as companies look to scale the tech side of their business, particularly when it comes to data science and machine learning” - Kyle Anzalone Read more on Harnham ⤵ --- 💪 Looking to grow your AI team? Get in touch: https://lnkd.in/eAeviCgZ #artificialintelligence #ai #aijobs #data #harnham

Companies are increasingly adopting #AI #technologies to enhance operational efficiency, streamline processes, and optimize decision-making. As global sustainability becomes a critical focus, AI is anticipated to play a pivotal role in helping the players in the oil and gas sector meet #environmental goals. We recently published a #blogpost on AI in the Oil and Gas Industry. Dive into our latest #blogpost where we explore how AI is revolutionizing this critical sector! Read the blog to learn more about the #industry! #OilAndGas #Innovation #EnergySector #MarketTrends #FutureOfEnergy

AI is transforming industries across the globe in remarkable ways. In the oil and gas sector, it's driving efficiencies, cutting costs, and finding new reserves. This surge in AI adoption across diverse fields shows its growing value and potential. Exciting to see how technology continues to reshape our world! #AI #Innovation #DigitalTransformation

3-08-24 1.Adoption of AI in the Oil & Gas Industry The oil and gas industry, traditionally focused on engineering, is increasingly adopting artificial intelligence (AI) and generative AI (GenAI) to optimize operations across the value chain, from exploration to refining. AI tools are being integrated to enhance efficiency, reduce emissions, and manage operations through real-time data and insights. 2.Applications of AI in the Oil & Gas Sector AI is being used in various applications such as pinpointing exploration sites, subsurface engineering, drilling operations, predictive maintenance, fluid flow prediction, and emission reduction. AI is helping to improve safety, reduce costs, and increase efficiency across upstream, midstream, and downstream segments by automating processes and analyzing data. 3. AI's Role in Operational Efficiency and Maintenance Companies are leveraging AI and machine learning (ML) to detect anomalies and predict equipment failures, optimizing maintenance schedules and reducing downtime. AI is also applied in the Internet of Things (IoT) for predicting machinery breakdowns, and sensors combined with AI/ML determine the likelihood of equipment failures, enhancing operational efficiency and safety. 4.AI's Impact on Decision Making and Cost Reduction. AI more accurate and efficient analysis of data used in supply chain mgt improving product substitutions, and supporting regulatory and environmental compliance. Firms using AI have reported significant cost savings and reduction in emissions, for example, a refinery that achieved a 36% reduction in capital expenditure through AI deployment. 5.AI's Role in Emission Reduction AI tools are being utilized to optimize energy use, reduce emissions, and enable cleaner production processes. This has become increasingly important as companies face stringent regulatory and environmental standards. 6.Growth in AI-Related Roles in the Industry I)The demand for roles in AI-related areas within the oil and gas industry is expected to grow by 2030. ii)Key roles include: Data Scientists & Engineers: Expected demand increase of 55% with 5-12 years of experience. AI Solution Architects: Demand expected to grow by 47% with 8+ years of experience. Geoscientists & Reservoir Engineers with AI Skills: Demand increase of 22% with 5-10 years of experience. AI Ethicists and Policy Analysts, AI Project Managers, AI Consultants, and Advisors are also expected to see an increase in demand. 7.Challenges and Future Prospects The industry faces challenges such as ensuring data quality, integrating AI across complex systems, and managing the human-AI interface. 8. AI Market Projections in the Oil & Gas Sector To grow at a compound annual growth rate (CAGR) of 16.17% by 2028. Asia-Pacific is expected to account for more than 50% of growth on technology.

Embark on a journey of digital transformation in the Oil and Gas industry and discover the groundbreaking impact of artificial intelligence! Dive deep into the realm of AI applications in Oil and Gas, from reservoir management to supply chain optimization, and uncover the innovative solutions reshaping the sector.Learn about the tangible business benefits of AI integration in Oil and Gas, including improved operational efficiency, enhanced safety measures, and optimized resource utilization. Explore the challenges inherent in adopting AI technologies and discover how our expertise can help navigate these obstacles for seamless integration and implementation.Ready to unlock the full potential of AI in Oil and Gas? Let's leverage these transformative technologies to drive sustainable growth and innovation: https://lnkd.in/dtVZxGBw #AIOilandGas #ArtificialIntelligence #OilandGasIndustry #TechInnovation #DigitalTransformation #BacancyTechnology

Discover 5 key ways AI is revolutionizing the oil and gas industry. 🤖 Explore advancements, efficiency improvements, and how technology is shaping the sector's future. ? #AIInOilAndGas #IndustryInnovation