Optimizing EPC Efficiency Across Cross Value Chain with Artificial Intelligence
Mintmesh Corporation
Creator of Rudy, a Digital Platform for the Technical Bid Evaluation Process and Knowledge Management powered by AI
Industry specialists are increasingly focusing on value optimization across their sectors, and the idea of cross-value chain solutions is emerging prominently. These solutions form ecosystems that include diverse industries, participants, providers, beneficiaries, and users, all deriving mutual benefits.
For example, a value chain for heavy industrial capital acquisition might involve owners/operators, EPC (Engineering, Procurement, and Construction) firms, and suppliers. It's vital for stakeholders in the dynamic EPC industries to stay informed about the latest developments.
A key factor driving the growth of Artificial Intelligence in EPC is Industry 4.0 – the foundation of modern industry – that requires embracing automation, real-time data exchange, and smart manufacturing processes. AI-powered solutions leverage data digitization and analytics to improve automation, optimize operations, and build productivity in increasingly digitized EPC setups. These will play a crucial role in the journey towards Industry 4.0 by driving efficiency, innovation, and sustainability across various aspects of day to day operations.
Generative AI: The Key to Unleashing Innovation and Elevating Efficiency in Engineering Projects
How important digital transformation is for EPC industries?
This on-demand webinar focuses on a transformative journey, showing cutting-edge technology prepared to elevate your projects with precision and efficiency. Elevate your approach and set new standards in project accuracy and workflow.
Explore real-world applications and hear firsthand from experts who've integrated generative AI into their engineering processes, seeing significant reductions in errors and improvements in project timelines.
Imagine being able to enhance your project’s precision and manage resources like never before. Plus, we tackled those implementation challenges head-on, so you can stride past the buzzwords straight into actual, actionable results.
AI in Equipment Management: Revolutionizing Selection, Maintenance and Lifecycle Optimization
A must-read for EPC engineers looking to harness Artificial Intelligence (AI) to improve equipment management and predictive maintenance. It thoroughly explores how AI and Machine Learning (ML) are transforming equipment management, shifting from traditional reactive maintenance to a more proactive, predictive model.
Why EPC Engineers Should Download the eBook:
Predictive Analytics and Artificial Intelligence: A Match Made in EPC Heaven
The ebook, “Predictive Analytics and AI: A Match Made in EPC Heaven,” explores the profound impact of predictive analytics and artificial intelligence (AI) on the Engineering, Procurement, and Construction (EPC) sector. It highlights how these advanced technologies enable EPC firms to base decisions on data, optimize project workflows, and secure a market advantage.
In simpler terms, the book discusses leveraging advanced technology to enhance efficiency and effectiveness in EPC projects.
Why Grab a Copy?
Navigating the Future of EPC: A Digital Transformation Roadmap
We present to you “Navigating the Future of EPC: A Digital Transformation Roadmap,” a webinar tailored for EPC professionals across cross value chain.
This session provided deep insights and strategies to help attendees master the digital transformation in the EPC sector.
The webinar focused on the essence of EPC, discussing both the challenges and opportunities present today. Attendees acquired a thorough understanding of digital transformation and its critical impact on reshaping EPC work processes. We explored how technology integration not only optimizes existing operations but also introduces new opportunities, improving efficiency and productivity.
Come See RUDY: Unified Engineering Suite in Action in San Diego
Innovation showcase 2024 organized by CII (Construction Industry Institute) brings together latest technology, methods, and tools that will elevate the efficiency of EPC, across value chain.
The Innovation Showcase will advance demonstrations of the newest solutions from owners, solution providers, and consultants to separate hype from reality and promote conversations.
Learn from your peers in industry on the following R&D topics:
Recommended by LinkedIn
Book a time slot for 29th, 30th or 31st July, as per your feasibility. A must attend event if you are an EPC Professional.
Artificial Intelligence Innovation Award 2024
Mintmesh is incredibly proud to announce that we have been honored with the prestigious Artificial Intelligence Innovation Award 2024 presented by The New World Report. This award celebrates the forefront of technological advancement, recognizing the ground-breaking use of AI to drive industry-wide innovation.
It stands as a testament to a company's commitment to pushing the boundaries of what's possible with AI, and earning this accolade signifies leadership and excellence in leveraging AI to transform industries. For any company dedicated to pioneering innovative solutions, this award is an invaluable honor.
We are proud to get recognition from leading publications and organizations worldwide, affirming our commitment to excellence in the engineering, procurement, and construction (EPC) sector. We extend our heartfelt gratitude to our partners, stakeholders, and the entire Mintmesh family for their unwavering support.
Your trust in our capabilities has been instrumental in our success. Work, Grow, and Thrive with Mintmesh.
AI and Robotics Unlock Sustainable Efficiency in the Oil and Gas Sector
According to GlobalData, artificial intelligence and robotics are leading the transformative changes in the oil and gas sector, accelerating advancements in operational efficiency, safety, and environmental sustainability.
AI technologies are reshaping how the sector approaches exploration, production, refining, and logistics, instituting a new era of innovations for heightened productivity, efficiency, sustainability, and safety.
Saurabh Daga, Project Manager for Disruptive Tech at GlobalData:
AI and robotics are bringing far and wide changes in the oil and gas sector, fundamentally redefining what is possible. These technologies help us overcome challenges, from cost reduction to enhanced safety and sustainability, setting new benchmarks for efficiency and innovation. From autonomous operations, drilling optimization, plant inspections, to fleet optimization, they are transforming upstream, midstream, and downstream operations and pushing the envelope of efficiency and innovation.
GlobalData’s “Cognitive Energy: Transforming Oil & Gas with AI and Robotics” report features 50+ real-world innovations of AI and robotics in the sector. It categorizes these by their impact on sector use cases, demonstrating potential sector-wide transformation. The report also explores emerging areas like generative AI and pipeline inspection robotics with practical industry examples.
ADNOC to run 300 oil and gas wells using AI
ADNOC Group and AIQ will use the latter’s RoboWell artificial intelligence (AI) autonomous well-control solution across 10 wells at its Nasr offshore field, with additional deployments at over 300 offshore and onshore wells planned for later this year, according to reports.
RoboWell technology uses AI algorithms to independently operate wells, maximizing efficiency and minimizing emissions, according to an official press statement. It was first deployed in 2023 at the onshore North East Bab (NEB) field, ADNOC’s first smart field.
RoboWell was developed by AIQ and ADNOC’s Thamama Excellence Center, a state-of-the-art hub that leverages big data, digitalization and smart analytics to help access oil and gas resources and unlock greater value from existing reservoirs.
RoboWell was first deployed in 2023 at the onshore NEB field, ADNOC’s first “smart field,” which has pioneered the implementation of industry-leading AI-enabled advanced technologies.
Saipem awarded $500M in Saudi Arabia offshore projects
Saipem has secured two offshore projects worth $500 million in Saudi Arabia, under an existing long-term agreement with Saudi state-owned oil giant Aramco.
The scope of work in the initial project comprises the provision of engineering, procurement, construction and installation (EPCI) services for a crude trunkline of approximately 50 km with a diameter of 42′ for the Abu Safa Field, according to reports.
Egypt approves energy exploration projects worth $200m
Egypt’s Cabinet has approved several petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international and national companies, with investments totalling $200 million.
The government highlighted these approvals as part of its intensified efforts to address the ongoing electricity shortage crisis, which has led to daily power cuts of up to three hours.
The deals include a commitment to explore and exploit natural gas and crude oil in the North Port Fouad offshore area in the Mediterranean Sea and cover similar projects in the South Nour offshore area in the Mediterranean and the North El-Khatatba onshore area in the Nile Delta.