Kazakhstan is preparing to channel some of its national wealth into artificial intelligence infrastructure, joining a global rush where venture capital firms and energy-rich states are betting billions on the sector despite volatility and surging valuations. SourceContinue Reading
Texas Railroad Commission Chairman Wayne Christian on Friday praised a new report showing that operators in the Permian basin have reduced methane intensity by 50 percent since 2022, even as oil and natural gas production surged to historic highs. SourceContinue Reading
Wood has entered into an agreement to sell its North American Transmission & Distribution engineering business (North America T&D) to Qualus for $110 million. SourceContinue Reading
Two SLB OneSubsea™ subsea compressor stations recently came online at Ormen Lange, the second largest gas field in Norway. The subsea compressor stations will help Shell unlock 30–50 billion cubic meters of additional gas reserves for export to Europe. SourceContinue Reading
Borr Drilling has announced contract awards for two of its premium jack-up rigs to operate in the North Sea as well as offshore Congo, West Africa. The contracted work will span over 300 days and represent more than $43 million in contract revenue backlog, Borr Drilling said. SourceContinue Reading
Odfjell Technology has signed a two-year contract with Vercana GmbH, Vulcan Group’s drilling subsidiary, to provide tubular running services (TRS) to Vulcan Group’s Phase One Lionheart Project in Germany. SourceContinue Reading
Alberta is projecting a wider deficit for the current fiscal year as oil prices fall, denting a key source of revenue for Canada’s top energy-producing province. SourceContinue Reading
ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the most polluting fossil fuel. SourceContinue Reading
Oceaneering has won contracts to provide work class remotely operated vehicle (ROV) services, specialized tooling packages, and survey services onboard multiple anchor handling and ROV support vessels working on Petrobras projects offshore Brazil. SourceContinue Reading
Verlume has entered into a strategic collaboration with Kraken Robotics, marking an industry-first crossover: the introduction of military-grade battery technology into the commercial offshore energy sector for the first time. SourceContinue Reading
