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.