Renewable energy, also known as clean energy, is produced from natural resources that are generated and replenished faster than they are consumed—such as the sun, water and wind. Most renewable energy sources produce zero carbon emissions and minimal air pollutants. Fossil fuels (oil, coal and natural gas) on the other hand, are finite resources and release harmful greenhouse gas emissions (GHGs), including carbon dioxide (CO2) and methane, when burned. They are widely considered to be the main causes of climate change and specifically, global warming.  Understanding the types of renewabl ..read more

The oil and gas industries have been the backbone of the global economy for decades. However, market volatility, environmental concerns and operational inefficiencies have also challenged these industries to adapt and innovate. The use of digital twins is one such innovation. In the era of digital transformation, digital twins are emerging as a potent solution to energy production challenges. Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performanc ..read more

Renewable Energy 100 (RE100) is a global corporate renewable energy initiative led by the Climate Group in partnership with CDP aimed at getting the world’s most influential businesses, specifically those with annual electricity demand over 100 GWh, to commit to 100% renewable electricity and reach this target by 2050. In order to achieve 100% renewable electricity, companies must match 100% of the electricity used across their global operations with electricity produced from renewable sources. Renewable electricity can be sourced from the market or self-produced and can in ..read more

“What’s measured or rewarded gets done.” This is a fitting approach for organizations on the path to net zero, a commitment to reduce net emissions to zero in order to stabilize global temperatures. As stakeholders, consumers and investors increasingly demand that companies take action, industries must respond and show progress on meaningful efforts to transform their approach to climate change. Consumers demand change to mitigate greenhouse gas emissions A recent UN report shows that more than 130 countries have committed to net zero emissions by mid-century and an up to 45% reduction in ..read more

The oil and gas (O&G) industry has a history of boom and bust, and 2020 was no different. With a dramatic decrease in demand brought on by COVID-induced shutdowns, the industry began laying off employees and consolidating. While challenges are not new to O&G companies, they found themselves having to adapt with even greater speed and agility to address the current landscape and prepare for a new market reality. Dave Turner is the IBM Global Industry Leader for Oil and Gas for Asset Management. He thrives on working closely with system architects, designers and product managers to ensur ..read more

The use of commercial drones to conduct inspections can significantly improve business operations across industries. These inspections increase precision, provide safer options for the workforce and drive efficiency. According to Quadintel, the global drone inspection and monitoring market was $7.47 billion in 2021 and will grow to $35.15 billion by 2030. This blog examines five industries that benefit from the fast-growing technology of commercial drone usage. 1. Infrastructure and construction Infrastructure is critical for a society and an economy, but some of the world’s most industrialize ..read more

Recent political and climate-related environmental events have impacted energy sourcing, supply and costs. The resulting energy crisis impacts all countries, industries, sectors and societies across Europe. Combined with imminent reporting requirements from the European Commission, saving and securing energy sustainably and moving to renewable energy sources equitably is imperative. The immediate energy crisis coincides with the equally crucial long-term journey to sustainability. A traditional management mindset could see this imperative as an onerous obligation that could cut into profitabil ..read more

Resource optimization is the key challenge facing oil and gas companies today. During exploration and other upstream activities, optimizing resources depends on accurate models that illuminate the subsurface potential. At Galp, geoscientists create such models by analyzing 3D seismic echoes, notes from scientists, technical reports and academic papers. Time is critical, but because the data is terabyte-class and the insights hidden in unstructured documents, the analysis is complex and time consuming. Plus, the results can be inconsistent due to the scientists’ inevitable subjectivity. AI powe ..read more

Continued socio-economic challenges and record-setting extreme weather events are now constant reminders that the health of our people, our global economy and the environment are inextricably linked. Sustainability is now a strategic business imperative, critical to creating new levels of resiliency and responsible practices that preserve our planet for future generations. Consider that 59% of investors choose companies that are environmentally sustainable. Leaders in enterprise sustainability are applying digital technologies like AI, IoT, blockchain, geospatial analytics and hybrid cloud to ..read more

The Paris Agreement sets out a global framework to avoid dangerous climate change by limiting global warming to well below 2°C (3.6°F) and pursuing efforts to limit it to 1.5°C (2.5°F). It also aims to strengthen countries’ ability to deal with the impacts of climate change and support them in their efforts. More organizations are becoming increasingly aware of the sustainable business strategies and aligning their various business units towards the above goal. IBM has stated for more than a decade that climate change is a serious concern that warrants meaningful action on a global basis. Cur ..read more