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Smart pipelines: Can AI protect the world’s energy lifelines?
As ageing pipelines face growing risks, the energy industry is increasingly turning to AI and smart monitoring systems to improve their safety and efficiency. Around 500,000 kilometres of oil and gas pipelines worldwide need to be renovated, rebuilt or upgraded, while leaks, ruptures and incidents already cost the sector more than $7 billion (€6bn) a year — and roughly 40% of failures go undetected in the first 24 hours, according to industry experts speaking at the Baku Energy Forum. The...