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SLB Partners With Geminus AI for Oil & Gas Hybrid Models
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SLB (SLB - Free Report) entered an investment and technology partnership with Geminus AI, marking a significant leap in the realm of artificial intelligence (AI) applications for oil and gas operations.
Per the terms of the alliance, SLB, a prominent player in the energy sector, gains exclusive rights to leverage Geminus AI’s innovative model builder. The unique feature of the Geminus model builder is that it combines physics-based methods with process data to create accurate AI models.
What makes these models special is that they can be used widely, making them a quicker and more cost-effective option than usual AI methods. This breakthrough in technology is promising for making the industry more cost-effective and efficient.
SLB’s investment in working with Geminus AI is ready to bring about a significant improvement in how operations perform in different areas, from pipelines to facilities.
This feature allows customers to make hybrid models of their operating assets and optimize them in real-time for various results. The models can be adjusted in real-time, providing solutions to reduce costs, increase productivity and minimize carbon emissions.
With this partnership, SLB is set to introduce the first-ever AI model builder for oil and gas operations that is informed by physics. The main goal of this partnership has many aspects. SLB wants to improve how operations work, make economic processes more efficient, and enhance the overall effectiveness of oil and gas facilities.
Geminus AI’s platform is a forward-looking method, guiding the industry into a future marked by innovation and increased efficiency. As the energy sector embraces the possibilities of AI and physics-based modeling, this collaboration puts SLB at the forefront of significant advancements in oil and gas operations. The partnership is anticipated to greatly improve how SLB’s customers operate.
TechnipFMC plc (FTI - Free Report) is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. FTI has witnessed upward earnings estimate revisions for 2023 and 2024 in the past seven days.
TechnipFMC has brought down its long-term debt from $1.73 billion in the year ended 31 Dec 2021 to just $933.5 million in the third quarter, with a cash balance of $690.9 million.
The Williams Companies, Inc. (WMB - Free Report) is a premier energy infrastructure provider in North America. WMB has witnessed upward earnings estimate revisions for 2023 and 2024 in the past 60 days.
Williams Companies’ debt maturity profile is in good shape, with its $4.5-billion revolver maturing in 2023. WMB is also paying its shareholders an attractive dividend yielding around 5%. Beside these, the company has a share repurchase program worth $1.5 billion, highlighting its commitment to shareholders.
Enbridge Inc. (ENB - Free Report) has the longest and most advanced crude and liquid pipeline system in the world. ENB has witnessed upward earnings estimate revisions for 2023 and 2024 in the past 60 days.
Enbridge has a strong commitment to returning capital to shareholders. The company consistently outperforms the composite stocks within the oil energy sector by offering higher dividends. Over the majority of the last five years, ENB consistently yielded higher dividends than its sector counterparts.
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SLB Partners With Geminus AI for Oil & Gas Hybrid Models
SLB (SLB - Free Report) entered an investment and technology partnership with Geminus AI, marking a significant leap in the realm of artificial intelligence (AI) applications for oil and gas operations.
Per the terms of the alliance, SLB, a prominent player in the energy sector, gains exclusive rights to leverage Geminus AI’s innovative model builder. The unique feature of the Geminus model builder is that it combines physics-based methods with process data to create accurate AI models.
What makes these models special is that they can be used widely, making them a quicker and more cost-effective option than usual AI methods. This breakthrough in technology is promising for making the industry more cost-effective and efficient.
SLB’s investment in working with Geminus AI is ready to bring about a significant improvement in how operations perform in different areas, from pipelines to facilities.
This feature allows customers to make hybrid models of their operating assets and optimize them in real-time for various results. The models can be adjusted in real-time, providing solutions to reduce costs, increase productivity and minimize carbon emissions.
With this partnership, SLB is set to introduce the first-ever AI model builder for oil and gas operations that is informed by physics. The main goal of this partnership has many aspects. SLB wants to improve how operations work, make economic processes more efficient, and enhance the overall effectiveness of oil and gas facilities.
Geminus AI’s platform is a forward-looking method, guiding the industry into a future marked by innovation and increased efficiency. As the energy sector embraces the possibilities of AI and physics-based modeling, this collaboration puts SLB at the forefront of significant advancements in oil and gas operations. The partnership is anticipated to greatly improve how SLB’s customers operate.
Zacks Rank & Stocks to Consider
SLB currently carries a Zack Rank #3 (Hold).
Investors interested in the energy sector might look at the following companies that presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TechnipFMC plc (FTI - Free Report) is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. FTI has witnessed upward earnings estimate revisions for 2023 and 2024 in the past seven days.
TechnipFMC has brought down its long-term debt from $1.73 billion in the year ended 31 Dec 2021 to just $933.5 million in the third quarter, with a cash balance of $690.9 million.
The Williams Companies, Inc. (WMB - Free Report) is a premier energy infrastructure provider in North America. WMB has witnessed upward earnings estimate revisions for 2023 and 2024 in the past 60 days.
Williams Companies’ debt maturity profile is in good shape, with its $4.5-billion revolver maturing in 2023. WMB is also paying its shareholders an attractive dividend yielding around 5%. Beside these, the company has a share repurchase program worth $1.5 billion, highlighting its commitment to shareholders.
Enbridge Inc. (ENB - Free Report) has the longest and most advanced crude and liquid pipeline system in the world. ENB has witnessed upward earnings estimate revisions for 2023 and 2024 in the past 60 days.
Enbridge has a strong commitment to returning capital to shareholders. The company consistently outperforms the composite stocks within the oil energy sector by offering higher dividends. Over the majority of the last five years, ENB consistently yielded higher dividends than its sector counterparts.