-- New Energy Cloud Collaboration Facilitates
Artificial Intelligence and Machine Learning Tools through S&P
Global Data and Software --
NEW
YORK, March 26, 2024 /PRNewswire/ -- S&P
Global Commodity Insights, the leading independent provider of
information, data, analysis, benchmark prices and workflow
solutions for the commodities, energy, metals and energy transition
markets, today announced it will work with Amazon Web Services
(AWS), an Amazon Inc. company (NASDAQ: AMZN), to provide access to
a holistic set of upstream data for the energy industry. Making
this data available will help energy companies accelerate their
digital transformation and facilitate S&P Global Commodity
Insights development of cloud-based AI and machine learning tools
in the oil and gas industry.
Under this new agreement, AWS Data Exchange (ADX) will feature a
comprehensive data offering from S&P Global Commodity Insights'
Upstream Solutions that includes information on more than seven
million oil and gas wells, putting trusted data within speedy reach
of decision-makers and paving the way for cloud access to specific
S&P Global Commodity Insights software that aids geoscientists
and upstream operators.
S&P Global Commodity Insights'
OSDU®-Data-Platform-compatible* upstream data is now available to
energy companies and others on AWS in a way that decouples data
from application-specific formats and allows for cross-application
plug-and-play -- putting data how and where needed. The cloud
access facilitates high-quality data, seamless data
interoperability, and easy integration solutions. It allows a
company to integrate S&P Global Commodity Insights Upstream
content easily with its own proprietary data and/or 3rd party
proprietary data on one platform, making an entire company catalog
available across the organization to power workflows in compatible
applications.
Joerg Gerth, Vice President,
Channel Partners, S&P Global Commodity Insights, said:
"We're proud to be offering another avenue by which we meet our
customers where they are. By leveraging the power of S&P Global
Commodity Insights trusted data and tools and enhanced with
scalability and reliability of the AWS cloud, this solution enables
companies to make faster, more informed decisions, driving
efficiency, collaboration, and adaptability."
The new access to S&P Global Commodity Insights' world-class
OSDU®-Data-Platform-compatible global upstream data that's loaded
into Energy Data Insights on AWS for the OSDU® Data Platform will
benefit the oil and gas industry in a number of ways, including
further facilitation of generative AI and energy transition
by:
- Providing cloud access to S&P Global Commodity Insights
data for machine learning
- By having the best, most comprehensive data curated in one
place, it supports accuracy and faster analysis
- Aiding energy transition workflows through broad coverage of
subsurface and commercial upstream content
In addition, AWS and S&P Global Commodity Insights will
provide access to S&P Global Commodity Insights' Kingdom™
Geoscience Software that enables geoscientists, for example, to
easily execute compute-intensive subsurface interpretation
workflows like geophysical and geological analyses, automated fault
interpretations, advanced data analytics, and machine learning
applications.
Howard Gefen, General Manager
of Energy & Utilities at AWS, said: "Our collaboration
with S&P Global Commodity Insights will unlock innovative,
data-driven possibilities for our joint customers. By integrating
with AWS's Energy Data Insights solution, based on AWS's cloud
technologies, we will together act as a catalyst for global energy
companies' decision-making and elevate their analytical
capabilities, enabling informed, strategic investment decisions for
sustainable energy sector growth."
Amazon Web Services (AWS) is a world-leading cloud computing
layer that offers a wide range of services to help organizations
accelerate their digital transformation efforts. With a highly
scalable, reliable, and secure cloud infrastructure, AWS empowers
businesses to build, deploy, and manage applications and services
with ease.
Leanne Todd, Head of Upstream
Solutions, S&P Global Commodity Insights, said: "By
harnessing the scalable computing power of the AWS cloud, we are
seamlessly connecting people, data, and software to increase
efficiency and productivity of their operations. Accessing S&P
Global Commodity Insights' rich Upstream data, the OSDU Data
Platform Layer, and Kingdom Geoscience Software, we're effectively
turbocharging geoscientists workflows. This not only facilitates
faster subsurface interpretations but also unlocks invaluable
insights, fostering enhanced performance and seamless collaboration
across exploration, exploitation, and energy transition
projects."
S&P Global Commodity Insights has worked with AWS to make at
least 30 datasets available through the cloud, including
such as S&P Global Commodity Insights' Platts Market
Data packages for energy transition, shipping, nuclear, metals,
power and gas, LNG, petrochemicals, agriculture, oil and refined
products, as well as other supply, demand, arbitrage, forward
curve, outages and other data.
Today's collaboration agreement builds on a long-time
relationship between S&P Global (NYSE: SPGI) and AWS on
strategic initiatives, such as the collaboration with S&P
Global's Enterprise Data Management solution (EDM) and exploring
new areas for collaboration on integrated go-to-market approaches,
product development and channel distribution. The relationship
between the companies was extended last year by advancing secure,
cloud-based services to more than 100,000 of S&P Global's
government and enterprise customers in 43 countries around the
world.
*The OSDU® Forum created a universal schema that
simplifies and standardizes data for access through the OSDU® Data
Platform. Such collation and standardization historically have been
labor-intensive processes for upstream
operators
Media Contacts:
Americas: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
About S&P Global Commodity Insights
At
S&P Global Commodity Insights, our complete view of global
energy and commodity markets enables our customers to make
decisions with conviction and create long-term, sustainable
value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition. Platts®
products and services, including leading benchmark price
assessments in the physical commodity markets, are offered through
S&P Global Commodity Insights. S&P Global Commodity
Insights maintains clear structural and operational separation
between its price assessment activities and the other activities
carried out by S&P Global Commodity Insights and the other
business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodityinsights.
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SOURCE S&P Global Commodity Insights