You are currently viewing: News



24-06-2019

Baker Hughes, a GE company and C3.ai announce JV to deliver AI solutions

Baker Hughes, a GE company and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry.

AI in the oil and gas segment helps improve overall performance by ingesting massive quantities of data, becoming intelligent about specific operational environments and predicting problems before they occur so that operators can improve planning, staffing, sourcing and safety. This joint venture combines BHGE’s extensive oil and gas technology domain expertise with C3.ai’s unique AI software suite and solutions, creating new opportunities for the sector.

“The oil and gas industry is rapidly evolving, and digital technology is critical to achieving increased levels of productivity, efficiency and safety for ourselves and for our customers,” said Lorenzo Simonelli, BHGE chairman and CEO. “This agreement is a mutual recognition of the technology leadership we each bring to the table and a willingness to work in new ways that deliver the best possible outcomes for our customers. Integrating our strong digital capabilities and oil and gas industry expertise with C3.ai’s unique AI solutions, we will accelerate the overall digital transformation of this industry.”

“The oil and gas sector is undergoing a digital transformation to improve efficiencies and increase safety, while simultaneously reducing environmental impact,” said Thomas M. Siebel, CEO, C3.ai. “These changes will be driven through advanced AI use cases deployed across the entire oil and gas value chain. BHGE is a technology-first company with deep expertise, a global footprint and strong relationships across the industry. Combining its strengths with the unique industrial AI capability of C3.ai, we will deliver transformative change to one of the world’s most important industry sectors.”

The companies will immediately market and deploy C3.ai’s AI technology, including the C3 AI Suite and applications, into oil and gas businesses. BHGE and C3.ai will also leverage BHGE’s existing digital portfolio to collaborate on new integrated AI applications specific to oil and gas, and offer combined teams of oilfield and AI expertise deployed directly into customer environments to deliver AI solutions that meet specific business needs. Simplifying the approach to AI with this combined offering will help customers focus on what matters most – running their oil and gas business safely and efficiently.

“Shell utilizes the C3.ai platform to accelerate digital transformation across our business, focusing on using AI and machine learning to improve overall operations starting with predictive maintenance,” said Shell Group CIO Jay Crotts. “Shell also has a long-standing relationship with BHGE in oilfield services and software development. There is real potential in exploring the fusion of existing oilfield technology and emerging digital technology, in this case combining C3.ai’s capabilities with BHGE’s domain expertise to create new solutions that truly address oil and gas specific challenges with powerful advanced analytics technology.”

Under the terms of the agreement, BHGE has taken a minority equity position in C3.ai and will have a seat on C3.ai’s board of directors. BHGE will also accelerate its own use of AI, deploying the C3 AI Suite across its business to enable new BHGE AI applications that improve core operations and better serve customers with AI-enabled products and services.
Sponsor : 

Other News Items

Yokogawa releases CENTUM VP R6.07

Electric Corporation announces the July 18 release of CENTUM™ VP R6.07. CENTUM VP is the core product in the OpreX™ Control and Safety System family of solutions.   CENTUM ...

16-07-2019

Emerson announces enhanced Rosemountā„¢ 5300 guided wave radar level transmitter

Emerson announced today that it has enhanced its Rosemount™ 5300 Guided Wave Radar Level Transmitter to optimise separation process performance and prevent costly ...

15-07-2019

OMV continues to expand petrochemicals business

OMV, the international, integrated oil and gas company headquartered in Vienna, has made the decision to invest EUR 64 mn in the construction of an ISO C4 plant – ...

15-07-2019

Uniseal cryogenic stainless-steel pipe coupling from CPC-Cryolab for extreme low temperatures

CPC-Cryolab, a CIRCOR International brand, announces the Uniseal Cryogenic Stainless-Steel Pipe Coupling for the industrial gas, cryogenic, and space industries. Featuring ...

10-07-2019

Air Liquide signs long-term supply agreement with GCGV and build new ASU in Texas

Air Liquide has signed a long-term agreement with Gulf Coast Growth Ventures (GCGV), a 50/50 joint venture between ExxonMobil and SABIC, to supply oxygen and nitrogen ...

10-07-2019

Yokogawa to establish open process automation test bed for ExxonMobil

Yokogawa Electric Corporation announces that it has been selected by ExxonMobil to be the Open Process Automation (OPA) system integrator responsible for establishing ...

09-07-2019

Nuberg EPC signs contract to deliver Chlor-Alkali Plant in Morocco

Global EPC and turnkey management company Nuberg EPC has been selected by SCE Chemicals, Morocco as the EPC lump sum contractor to establish a new Chlor-Alkali plant. ...

09-07-2019

Software upgrades speed predictive maintenance response

Emerson has improved its AMS Machinery Manager predictive maintenance and analysis software with new visibility tools and mobile access to help users more quickly identify ...

09-07-2019

Total and IFPEN to accelerate carbon reduction R&D

IFP Energies Nouvelles (IFPEN) and Total announce that they signed a strategic R&D partnership yesterday, that includes an agreement to endow a chair at the IFP School, ...

09-07-2019

Emerson releases two new Rosemountā„¢ 628 universal gas sensors

Emerson has introduced two new Rosemount™ 628 Universal Gas Sensors to measure carbon monoxide and oxygen depletion in addition to the existing capability to monitor ...

08-07-2019