Robots redraw energy supply chain

Market participants are turning to artificial intelligence for cost and efficiency gains

In this article, PE looks at the impact of new technologies on the industry. Part I of II. For part II, click here. From deep-water directional drilling to the liquefaction and long-distance transport of natural gas, the energy sector has long pioneered the use of transformational technologies. Now the sector is facing another wave of change, this time from the pervasive potential of AI which enables unlimited amounts of data to be ingested, interpreted and acted upon immediately. As is already happening in financial, retail, healthcare and other sectors, this fourth industrial revolution is set to improve productivity and overhaul established working practices within the energy sector and i