Equinor
Canvas Category OEM : Petroleum and Coal
We’re Equinor, an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future. We’re the leading operator on the Norwegian continental shelf and have substantial international activities. We are engaged in exploration, development and production of oil and gas, as well as wind and solar power. We sell crude oil and are a major supplier of natural gas, with activities in processing, refining, and trading. Our activities are managed through eight business areas, staffs and support divisions, and we have operations in North and South America, Africa, Asia, Europe and Oceania, and Norway.
Assembly Line
Recycling from ABB significantly increases maximum gas production
New control algorithms for the electric frequency converters have significantly increased the maximum power that can be supplied to the export compressors. It makes it possible to increase the maximum gas export out of the plant.
Upgraded control of electric frequency inverters has averted 126 stops of export compressors since October 2019. As a bonus, the available power has been significantly increased, and together with new control algorithms on the compressor side, this contributes to an increase in maximum gas exports from Kollsnes to Europe Digitalisation pilot ensures data capture and documents the improvements.
Customize large language models with oil and gas terminology using Amazon Bedrock
The Norwegian multinational energy company Equinor has made Volve dataset, a set of drilling reports available for research, study, and development purposes. (When using external data, be sure to abide by the license the data is offered under.) The dataset contains 1,759 daily drilling reports—each containing both hourly comments and a daily summary—from the Volve field in the North Sea. Drilling rig supervisors tend to use domain-specific terminology and grammar when describing operations in both the hourly comments and the daily summary. This terminology is standard in the industry, which is why fine-tuning a foundation model using these reports is likely to improve summarization accuracy by enhancing the LLM’s ability to understand jargon and speak like a drilling engineer.
Generative AI has the potential to improve efficiency by automating time-consuming tasks even in domains that require deep knowledge of industry-specific nomenclature and acronyms. Having a custom model that provides drilling engineers with a draft of daily activities has the potential to save hours of work every week. Model customization can also help energy and utilities customers in other applications that involve the generation of highly technical content, as is the case of geological analyses, maintenance reports, and shift handover reports.
Sapphire Technologies Secures $10 Million Series B Funding to Accelerate Clean Energy Solutions
Sapphire Technologies, developer and manufacturer of energy recovery systems for hydrogen and natural gas applications, announced that it closed its Series B funding round. The $10 million investment — led by Energy Capital Ventures and joined by Marathon Petroleum, Chevron Technology Ventures, Equinor Ventures and Cooper and Company — will go toward accelerating the commercialization of Sapphire Technologies’ FreeSpin® In-line Turboexpander. Powered by this funding, targeted projections show the turboexpander increasing production by 400% by the end of the year. Moreover, the $10 million will bolster resources and expertise to support Sapphire Technologies’ mission to significantly reduce global carbon emissions.
Equinor and Cognite Enter Long-term Collaboration to Further Accelerate Equinor’s Digitalization Program
Cognite, a global leader in industrial software, today announced a long-term frame agreement with Equinor (OSE: EQNR, NYSE: EQNR), a world-leading energy company. The collaboration will expand Equinor’s data capabilities and further strengthen its digital program focused on global energy security and energy transition.
The objective for the Equinor and Cognite cooperation is to support Equinor in securing faster value capture from its ambitious digitalization program, using Cognite Data Fusion® as a module in Equinor’s OMNIA data architecture. OMNIA is built on the Microsoft Azure cloud, and the Equinor and Cognite collaboration will progress the deployment of digital solutions on OMNIA.