DSDE: In the Industry

The new AIQ ownership structure will see Presight acquire 51% shareholding, with ADNOC retaining 49% and receiving a 4% stake in Presight. AIQ will continue to operate as a standalone company.

The combined effort aims to reduce the time necessary for and increase the detail and accuracy of seismic interpretation, including for carbon sequestration studies.

The 2023 Offshore Energy Digital and Data Maturity Survey report aims to deepen understanding of how organizations are applying data and digital technologies to help transform the UK energy system to achieve net zero targets.

Stakeholders in the UK offshore sector will be asked to commit to a set of principles to help the sector achieve the energy transition through digitalization.

The company says it has used more than 30 AI tools to unlocked significant value across its full value chain.

Devon Energy along with petroleum engineering consulting and software firm Whitson and cloud computing company Snowflake developed a system to monitor the dynamics of 5,000 wells.

The Taiwanese company is upgrading its ships in an effort to improve its ability to work with companies pursuing offshore renewable energy.

The companies have integrated their platforms in an effort to increase flexibility and interoperability.

As part of a 10-day inspection campaign, the companies inspected subsea trees and other infrastructure at the Alvheim field on the Norwegian continental shelf.

The two companies have agreed to consider working together on digital assets and semiconductors.