Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

‘We’ll cross that bridge when we come to it’, ET EnergyWorld

July 4, 2025

India conveys concerns to US Senator on Russian oil ‘tariff’, Energy News, ET EnergyWorld

July 4, 2025

How Traders Capitalized on Oil’s Extreme Price Swings

July 4, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » What Are the Latest AI Developments Oil and Gas Needs to be Aware Of?
Middle East

What Are the Latest AI Developments Oil and Gas Needs to be Aware Of?

omc_adminBy omc_adminApril 28, 2025No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


What are the latest artificial intelligence (AI) developments the oil and gas sector needs to be aware of?

That was the question Rigzone posed to Toni Fadnes, the Chief Transformation Officer (CTO) of eDrilling, which describes itself on its website as a technology company with an AI and software portfolio designed to drive the sustainable transformation of the energy industry.

Responding to Rigzone, Fadnes said “agentic AI is what will help us (finally) transform our industry, and what everybody across all the workflows, should be aware of”. 

“Building upon the previous to technology eras, PC and SaaS, Agentic AI – systems capable of advanced reasoning and task execution – is already revolutionizing the way organizations operate,” Fadnes added.

“In short Agentic, or as I like to call them, AI-powered engineers, autonomously execute complex, goal-oriented tasks with a high degree of predictability. They act as productivity accelerators by incorporating human input through multi-modal interfaces,” he continued.

Fadnes went on to state that AI-powered engineers operate with minimal supervision, make decisions based on contextual data, and dynamically replan in response to real-time changes in the environment or objectives.

“Why you should care, and act, right now? Two-fold,” Fadnes emphasized. 

“AI-powered engineers offer significant value right out of the gate. By solving the decades-long data universe value dilemma, which engineers often spend 40 to 70 percent of their time on, human engineers are freed up to focus entirely on their actual job, or in other words, freeing engineers up to do what they were meant to do. From day one,” he added.

“Secondly, by deploying AI-powered engineers now, it will start building the trust with your organization to do the more complex stuff,” he continued.

“Just like you would not ask your rookie engineer to autonomously drill your next deepwater HPHT wildcat, the same, I think, applies to AI-powered engineers. Even if it was able to,” Fadnes went on to state.

Rigzone has contacted the International Association of Oil & Gas Producers (IOGP), which describes itself on its site as the global voice of its industry, for comment on Fadnes’ statement. At the time of writing, the IOGP has not responded to Rigzone’s request with a comment.

Fadnes has previously served as eDrilling’s executive chairman and CEO, and joined the company, which is based in Norway, back in 2015.

On its site, eDrilling describes AI as a “megatrend” and highlights that it has built three “AI powered engineers”. These comprise Ida, which is described on the company’s site as an AI powered drilling engineer, Nora, which is described on the site as an AI-powered well design and planning engineer, and Marie.

The eDrilling site has little information about Marie, but a statement sent to Rigzone by Fadnes last month introducing the creation described Marie as an “Agentic AI powered data management engineer”. 

“Marie automates data exchange between different software, she unifies and interconnects all data needed, and consolidates multiple workflows. In addition, she writes reports and takes care of documentation,” the statement noted.

On its site, eDrilling notes that it “pioneer[ed].. AI long before it became vogue” and says it “continue[s] to invest in research and development to explore innovative technologies and solutions that can facilitate the industry’s transition to a low-carbon future”. 

“This involves collaborations with research institutions, energy companies, service companies, OEMs, ISVs, startups, and other stakeholders – to provide all these actors with the technology and digital tools needed to succeed,” the site adds.

To contact the author, email andreas.exarheas@rigzone.com

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 94 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Crude’s Drop, Strong Ruble Cut Russian Oil Revenue to 2-Year Low

July 3, 2025

Oil Slips as US Plans Iran Talks

July 3, 2025

USA Crude Oil Inventories Rise by Almost 4MM Barrels WoW

July 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20254 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

EnerMech lands multi-year contract for Triton FPSO in North Sea

By omc_adminJuly 3, 2025

EnerMech has been awarded a three-year fixed term contract with a further two by two-year…

PETRONAS signs 20-year LNG purchase deal with Venture Global

July 3, 2025

Seatrium secures FSRU conversion contract with Kinetics

July 3, 2025

Perenco Vietnam signs new production sharing contract for Block 15-1

July 3, 2025
Top Trending

Extreme heatwaves may cause global decline in dairy production, scientists warn | Extreme heat

By omc_adminJuly 3, 2025

Impact Investor responsAbility Appoints Nadia Nikolova as New CEO

By omc_adminJuly 3, 2025

ISSB Kicks Off Update of Sector-Focused SASB Sustainability Reporting Standards

By omc_adminJuly 3, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

The 5 Best 65-Inch TVs of 2025

July 3, 20250 Views
Our Picks

Trump’s ‘One Big Beautiful Bill’ will strengthen U.S. offshore industry, says NOIA

July 3, 2025

Crude’s Drop, Strong Ruble Cut Russian Oil Revenue to 2-Year Low

July 3, 2025

Oil Slips as US Plans Iran Talks

July 3, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.