The AI-Energy Nexus: A Mapping of Trends and Applications for Oil and Gas Companies

The great transformative potential of artificial intelligence (AI) has sparked massive investments, drawn the interest of governments and enflamed global competition. As with any other technology, energy will be essential to power such developments. The AI-energy nexus is therefore quite relevant. In this picture, oil and gas companies are key players not only in providing affordable and stable energy supplies and contributing to national targets, but also as potential consumers and developers of AI. Both international and national oil companies have started to integrating AI into their operations. As of today, most of the announced applications are in line with companies’ objectives: enhance resilience and reduce costs. This paper seeks to analyse a range of applications and corporate decisions regarding AI in both national and international oil companies.