Home » Business » The Role of Artificial Intelligence in the Energy Industry: Advancements and Key Players

The Role of Artificial Intelligence in the Energy Industry: Advancements and Key Players

Artificial intelligence technologies and solutions have continued to enhance their role and broad presence in the energy industry, due to their great ability to manage demand analysis processes, adjust operating efficiency, reduce waste, study renewable sources and business operations, and pricing trends and risks related to the industry, according to an analytical study prepared by the “Interregional Center for Strategic Analysis.” in Abu Dhabi.

Interregional confirmed that the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), which was hosted by the Abu Dhabi National Oil Company (ADNOC), reviewed the broad interest of energy companies in employing technology in the energy industry, by revealing the latest innovations and partnerships, and reviewing digital transformation efforts to support… The sector’s journey towards achieving climate neutrality, including carbon capture, utilization and storage technology, as well as green systems for hydrogen electrolysis, employing renewable energy in electricity production, and leveraging the potential of artificial intelligence and the Internet of Things in the manufacturing sector.

A range of digital solutions support energy companies, including digital twins, cyber vision, smart refining and primary performance packages designed to improve uptime and process performance, and ADNOC’s digital transformation process, as part of a 10-year predictive maintenance agreement with Honeywell ( Honeywell) Middle East and North Africa, to help ADNOC enhance operations, efficiency, predictability and improve operations performance.

Artificial intelligence has recently been able to play pivotal roles in the energy sector, as it has a great ability to process data and analyze performance from sensors. Energy companies use artificial intelligence in predictive maintenance of machines and reduce ongoing expenses, such as detecting potential malfunctions and treating them early, and providing a working environment. It is safer for workers in hazardous environments, such as working on offshore drilling platforms or high-voltage power lines, which enables energy companies to benefit from artificial intelligence in creating digital twins, which are interactive models that allow better planning and design of facilities and machines, as well as waste storage and disposal. .

“Interregional” explained that, within the framework of the many roles played by artificial intelligence in the energy industry, many world-famous energy companies are keen to integrate these technologies into their operations, such as companies (Shell, Chevron, Saudi Aramco, Kraken), and others, which It provides it with great global momentum in the energy industry.

2023-10-07 22:05:29
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