Baker Hughes Co. and C3 AI unveiled a new partnership earlier this month with global oil major Royal Dutch Shell Plc and U.S. tech giant Microsoft for the launch of a “first-of-its-kind” open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.
Following the announcement, Dan Brennan, vice president of BakerHughesC3.ai at Baker Hughes, and Ed Abbo, president and CTO at C3 AI, joined Hart Energy’s Jessica Morales for a look behind the launch of the Open AI Energy Initiative.
The Open AI Energy Initiative provides a framework for energy operators, service providers, equipment providers and independent software vendors for energy services to offer interoperable solutions, including AI and physics-based models, monitoring, diagnostics, prescriptive actions, and services, powered by the BHC3 AI Suite and Microsoft Azure.
In this video, Brennan and Abbo describe how the network of data works akin to an ecosystem and say there is hope this will help the industry’s quest for cleaner, safer energy.
But, in that quest will the energy workforce need to adjust to these AI solutions? For the answer to this question and more, watch the full video or jump to a specific topic using the timecodes below.
Jump to a topic:
- Why extend this into an ecosystem (0:40)
- The scope and focus of this initiative (3:04)
- The quest for cleaner, safer energy (6:11)
- Contributing to a more open, digital industry (9:18)
- Energy workforce adjustment (11:46)
- Working with existing software (14:28)
- Industry’s path forward (17:43)
Recommended Reading
Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely
2024-10-10 - Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.
Exclusive: How E&Ps Yearning Capital can Stand Out to Family Offices
2024-10-15 - 3P Energy Capital’s Founder and Managing Partner Christina Kitchens shares insight on the “educational process” of operators looking at opportunities in the U.S. and how E&Ps looking for capital can interest family offices, in this Hart Energy Exclusive interview.
Cibolo Energy Closes Fund Aimed at Upstream, Midstream Growth
2024-09-10 - Cibolo Energy Management LLC closed its second fund, Cibolo Energy Partners II LP, meant to boost middle market upstream and midstream companies’ growth with development capital.
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
After BKV’s IPO, Is Market Open to More Public SMID Caps?
2024-10-03 - The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.