Generative AI: The Potential and Peril for Oil and Gas' Future

There is much transformative potential and also risks of using generative AI in the oil and gas industry. AI can optimize operations, enhance decision-making, and drive efficiency gains across upstream and downstream sectors. However, there can be challenges in terms of data quality, ethical concerns, and cybersecurity risks. The industry must balance embracing these innovations with mindful governance and risk management to harness AI’s benefits without compromising safety, security, and trust.