Baker Hughes Co. continued to solidify its new identity as an energy technology company with a new alliance that it said will accelerate the digital transformation of the energy industry.
On Nov. 19, Baker Hughes, C3.ai and Microsoft Corp. jointly announced the formation of an alliance to bring enterprise artificial intelligence (AI) solutions to the energy industry on Microsoft Azure, an industry-leading cloud computing platform.
The alliance expects to streamline the adoption of scalable AI solutions for the oil and gas industry at a time when “forward-thinking” companies are exploring ways to make their operations cleaner, safer and more efficient, said Judson Althoff, executive vice president of worldwide commercial business at Microsoft.
“By bringing together the domain expertise of Baker Hughes and the AI strengths of C3.ai to run on Microsoft’s Azure cloud platform, customers can achieve new levels of digital transformation while advancing their sustainability commitments,” Althoff said in a statement.
The solutions will simplify the process of adopting AI capabilities for energy companies, starting with the shift of data management, storage and compute onto Azure, through the development and enterprise-wide deployment of domain-specific AI applications built on the BHC3 AI Suite.
“With a singular offering that can accelerate digital transformation across the sector, energy businesses can now draw on the power of Microsoft’s cloud, C3.ai’s leading AI capabilities, and Baker Hughes’s expertise in the energy industry,” Baker Hughes CEO Lorenzo Simonelli said in a statement.
The alliance, which is supported by Royal Dutch Shell Plc, said its AI-enabled products and services will be tailored to address challenges across the entire value chain, from inventory optimization and energy management to predictive maintenance and process and equipment reliability.
“Shell supports the aim of this strategic alliance to improve efficiencies, increase safety and reduce environmental impact through digital transformation, aligning seamlessly with our goals and ambitions. ... The new technologies being developed will be critical as we all need to work together to reduce the net carbon footprint of the products and solutions that we put into society,” said Jay Crotts, Shell Group Chief Information Officer, in a statement.
Recommended Reading
NatGas Rally Reaches 2024 Peak, Highest Price in Two Years
2024-12-19 - Analysts say the gas market remains volatile as prices surpass $3.50/MMbtu at the Henry Hub for the first time in about two years.
US Natgas Prices Hold Near 1-week Low Ahead of Hurricane Milton
2024-10-08 - Lower output and higher demand forecasts offset expectations Hurricane Milton could cause millions of homes and businesses to lose power in Florida later this week.
US NatGas Prices Jump 7% to 1-Yr High on Surprise Storage Draw, Colder Forecasts
2024-11-21 - The U.S. Energy Information Administration said utilities pulled 3 Bcf of gas from storage during the week ended Nov. 15.
US NatGas Prices Slide 2% as Mild Weather Keeps Storage Injections High
2024-11-07 - U.S. natural gas futures have fallen on forecasts for weather to remain mild through late November.
Baker Hughes: US Drillers Cut Oil, Gas Rigs for First Time in Four Weeks
2024-11-15 - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks.