MOSCOW (MRC) -- FogHorn announced that Aramco, one of the world’s leading integrated energy and chemicals companies, has deployed edge-powered computer vision solutions built on the FogHorn Lightning Edge AI platform at multiple sites to enhance safety, provide proactive monitoring for equipment failure, and enable automation of drilling equipment and processes, said Hydrocarbonprocessing.
Aramco selected the FogHorn Lightning Edge AI Platform to build an efficient infrastructure for future automation, digitalization, and standardization projects across various facilities. Video cameras are powerful sensors that observe a multitude of processes and can be leveraged to improve operations, production, and worker safety by providing insights that other sensors and control data do not capture. However, edge computing is required to cost-effectively process and infer data from these types of high-bandwidth sensors, especially in remote areas where little to no connectivity is available, such as oil and gas facilities.
The FogHorn Lightning Edge AI platform addresses these challenges by embedding intelligence locally, at or near the source of streaming sensor, video and control data, providing unprecedented low latency for onsite image processing and analysis. While video cameras were previously used to acquire images and videos, edge computing makes it possible for them to be “conscious” and “intelligent”, and play a critical role in automation, digitalization and remote management of operations.
Nabil Al Nuaim, Aramco’s Chief Digital officer, said: “Technologies like these help us to reach a successful digital transformation for Aramco and the regions it operates in.” He added that “Aramco’s investments in this field aim to increase accessibility of new digital technologies and create awareness of the benefits these novel technologies can have in areas such as health, safety, security and the environment. A perfect example of this is how FogHorn’s software could help strengthen Aramco’s leadership in flare minimization."
“Camera-based edge analytics enables automation of remote energy facilities and support our IoT edge infrastructure. Edge analytics streamline operations and provide staff with mission critical information to make time-sensitive decisions,” said Mahdi Adel, CEO of Aramco Ventures. “The Lightning Edge AI Platform facilitates the integration of new sensors and collects, validates, and enriches sensor data to identify patterns and create models that predict and mitigate problems, leading to more efficient operations. Our FogHorn-powered solutions enable real-time responses and help optimize production and safety at our facilities."
Aramco utilized the Lightning Edge AI platform to develop and deploy effective camera-based monitoring solutions across multiple plant and rig locations to increase operational safety and efficiency, particularly in the following use cases.
As per MRC, Saudi Aramco is in advanced talks to acquire a roughly 20% stake in Reliance Industries Ltd's oil refining and chemicals business for about USD20 billion to USD25 billion in Aramco's shares. An agreement could be reached as soon as the coming weeks, according to the report, which cited people with knowledge of the matter. Aramco and Reliance declined to comment.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 953,400 tonnes in the first five months of 2021, which virtually corresponded to the same figure a year earlier. High denisty polyethylene (HDPE) shipments decreased. At the same time, PP shipments to the Russian market were 607,8900 tonnes in January-May 2021, up by 33% year on year. Shipments of homopolymer PP and PP block copolymers increased, whereas deliveries of PP random copolymers decreased.
Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national oil and natural gas company based in Dhahran, Saudi Arabia. Saudi Aramco's value has been estimated at up to USD10 trillion in the Financial Times, making it the world"s most valuable company. Saudi Aramco has both the largest proven crude oil reserves, at more than 260 billion barrels, and largest daily oil production.
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