Microsoft

The memorandum of understanding aims to improve digital work flows in the emerging carbon capture and storage industry.

The company has announced that it will be expanding the use of generative AI to assist its employees.

The partnership plans to develop an overlying software suite, Data Mesh, to consolidate data from various sources and increase data-access efficiency.

With so much volatility in the sector, acutely felt by many western consumers, how are intelligent work flows enabling the shift toward alternatives?

Among other things, Microsoft is making it possible for Exxon to analyze reams of oilfield data. Amazon is helping drillers run simulations to maximize how much oil they can pump from existing wells.

The company said it plans to increase its use of Microsoft’s Azure cloud service to streamline its data.

Chevron is partnering with Microsoft, oilfield services firm Schlumberger, and privately held Clean Energy Systems to build a carbon capture plant in California, as the US oil major expands investments in renewable technology.

Shell, C3 AI, Baker Hughes, and Microsoft have teamed up to launch the Open AI Energy Initiative platform that is designed to present AI-based reliability applications to improve operational efficiency.

The memorandum of understanding with Microsoft follows a conditional investment decision in May that Equinor, Shell, and Total made for the carbon capture and storage project.

The memorandum of understanding with Microsoft follows a conditional investment decision made in May by Equinor, Shell, and Total. Pending Norwegian government approval, the final investment decision for the project is expected in late 2020 with startup expected in 2024.