The oil and gas industry is integrating generative artificial intelligence (AI) to improve operational efficiency, regulatory compliance and carbon footprint reduction.
The oil and gas industry is integrating generative artificial intelligence (AI) to improve operational efficiency, regulatory compliance and carbon footprint reduction.
Global oil production could exceed demand by 8 million barrels per day by 2030, according to the IEA. This situation is attributed to a combination of rising production and energy transition, which poses challenges for the oil industry.
Global oil production could exceed demand by 8 million barrels per day by 2030, according to the IEA. This situation is attributed to a combination of rising production and energy transition, which poses challenges for the oil industry.
Baker Hughes will provide integrated solutions in Brazil's offshore pre-salt and post-salt fields for Petrobras, marking a significant step forward in optimizing performance and localizing operations.
Baker Hughes will provide integrated solutions in Brazil's offshore pre-salt and post-salt fields for Petrobras, marking a significant step forward in optimizing performance and localizing operations.
Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
Azerbaijan and Kazakhstan are discussing a significant increase in the transit of Kazakh oil via Azerbaijan, aiming to reach 7 million tonnes. This initiative aims to diversify Kazakhstan's oil export routes, thereby reducing its dependence on Russia.
Azerbaijan and Kazakhstan are discussing a significant increase in the transit of Kazakh oil via Azerbaijan, aiming to reach 7 million tonnes. This initiative aims to diversify Kazakhstan's oil export routes, thereby reducing its dependence on Russia.
OPEC+ is maintaining its production cuts until September, causing fluctuations in crude prices and increased demand for VLCC carriers, according to experts.
OPEC+ is maintaining its production cuts until September, causing fluctuations in crude prices and increased demand for VLCC carriers, according to experts.
British oil and energy services group Petrofac has seen a spectacular jump in its share price after its suspension from listing was lifted, despite a heavier annual net loss.
British oil and energy services group Petrofac has seen a spectacular jump in its share price after its suspension from listing was lifted, despite a heavier annual net loss.
OPEC+ agrees to increase the United Arab Emirates' oil production quota, allowing them to pump an additional 300,000 barrels per day from January 2025.
OPEC+ agrees to increase the United Arab Emirates' oil production quota, allowing them to pump an additional 300,000 barrels per day from January 2025.
The South African Court of Appeal overturns an earlier decision, allowing Shell and other oil companies to resume offshore exploration on the Wild Coast, subject to further public consultation.
The South African Court of Appeal overturns an earlier decision, allowing Shell and other oil companies to resume offshore exploration on the Wild Coast, subject to further public consultation.
Chinese refiner Rongsheng Petrochemical has acquired its first cargo of Canadian crude oil via the recently extended Trans Mountain pipeline, marking a strategic turning point in its energy supplies.
Chinese refiner Rongsheng Petrochemical has acquired its first cargo of Canadian crude oil via the recently extended Trans Mountain pipeline, marking a strategic turning point in its energy supplies.
Saudi oil giant Aramco is putting $10-12 billion worth of shares up for sale, aimed at financing its Vision 2030 program and diversifying the kingdom's economy.
Saudi oil giant Aramco is putting $10-12 billion worth of shares up for sale, aimed at financing its Vision 2030 program and diversifying the kingdom's economy.
Subsea7 wins a 50-150 million contract with Serica Energy for the development of the Belinda field in the North Sea, including project management, engineering, procurement, construction and installation.
Subsea7 wins a 50-150 million contract with Serica Energy for the development of the Belinda field in the North Sea, including project management, engineering, procurement, construction and installation.
The new president of Petrobras, Magda Chambriard, announces an acceleration of oil exploration despite environmental tensions, particularly in the Amazon.
The new president of Petrobras, Magda Chambriard, announces an acceleration of oil exploration despite environmental tensions, particularly in the Amazon.
