AI Revolution in Energy: Navigating the Future of Oil, Gas, and Beyond
Jide Tijani
In an era where technology reigns supreme, Artificial Intelligence (AI) has emerged as a transformative force, reshaping industries far and wide. The energy sector, particularly the domains of oil and natural gas, is no exception. As we witness significant shifts in global energy dynamics — from COP28 deliberations to the fluctuating landscapes of Iranian oil and Venezuelan resources, and the strategic moves of giants like Shell, BP, and Exxon — AI stands as a pivotal player in driving innovation, efficiency, and sustainability. AI in Oil and Gas: Enhancing Exploration and Production The oil and gas industry, traditionally reliant on physical labor and empirical knowledge, is undergoing a digital revolution. AI’s role in exploration and production is groundbreaking. By harnessing machine learning algorithms, companies can analyse seismic data with unprecedented precision, leading to more efficient resource discovery and extraction. AI-driven predictive maintenance can foresee equipment failures before they occur, ensuring operational safety and reducing costly downtime.