Baker Hughes, Repsol Collaborate on Next-Gen AI for Oil Efficiency [Yahoo! Finance]
REPSOL SA SP/ADR (REPYY)
NASDAQ:AMEX Investor Relations:
repsol.energy/en/shareholders-and-investors/index.cshtml
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Source: Yahoo! Finance
REPYY have announced a strategic partnership. The idea is to develop next-generation artificial intelligence (AI) solutions to optimize oil and gas production. This collaboration is expected to enhance the companies' ability to unlock new efficiencies in the energy sector. BKR to Leverage AI for Optimized Production Through this partnership, Baker Hughes and Repsol will focus on developing and deploying AI-driven automation workflows across the latter's global assets. This innovation is aimed at optimizing oil and gas production by improving operational efficiencies and reducing emissions. The collaboration builds on Repsol's existing use of Leucipa, an industry-leading digital production software developed by BKR, which leverages data to streamline processes and drive intelligent, efficient operations. The partnership is likely to strengthen the relationship between BKR and Repsol, with a new memorandum of understanding (MOU) signed on Oct. 11, 2024. Repsol has been an early ad
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