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From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board. AI-powered predictive maintenance analyzes vast amounts of operational data in real time to detect early warning signs of potential failures.
A recent survey by McKinsey and Aviation Week of more than 135 companies found that broader commercial-aviation supplychain respondents were less confident about the business case for a next-generation single-aisle (NGSA) aircraft. Half of those surveyed anticipate EIS by 2034 or later.
From predictive maintenance and real-time data analysis to neural search and AI data extraction for back-office processes, AI is revolutionizing how we explore, extract and manage our oil and gas resources. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector.
From predictive maintenance and real-time data analysis to neural search and AI data extraction for back-office processes, AI is revolutionizing how we explore, extract and manage our oil and gas resources. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector.
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âmainly in the fields of marketing (powering capabilities such as personalized email targeting and customer segmentation), sales (lead scoring), and supplychain (inventory optimization and demand forecasting). Yet AI was largely the domain of experts. As a result, adoption across the rank and file tended to be slow.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supplychain pressures, and the growing influence of gas and LNG markets. TWh , the same as Q1 2024. million boe/day 2.16 million boe/day $2.63 billion $4.97
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