(WO) — A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming a major boon for the fossil fuel industry. SourceContinue Reading

This is the final article in our three-part series exploring the American Petroleum Institute’s (API’s) standards development process. In this final article, we turn our attention to the final stages of this process: the approval, publication and ongoing maintenance of a standard. SourceContinue Reading

(WO) — Israel refrained from striking Iran’s energy infrastructure in its long-awaited bombardment of the OPEC nation over the weekend, sending crude prices crashing, and turning many traders’ options bets worthless SourceContinue Reading

(WO) — The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries. SourceContinue Reading

(WO) — TotalEnergies announces that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea. SourceContinue Reading

(WO) — SLB today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. SourceContinue Reading

(WO) — WPC Energy, the World Forum for Energy Transformation, has announced the appointment of Burcu Canci Gunal as Director General (CEO), effective January 1, 2025 SourceContinue Reading

(WO) — National oil companies tend to be more bloated and less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its state-owned peers.  SourceContinue Reading

(WO) — Cnooc Ltd. posted a rise in Q3 profit after the company offset lower crude oil prices with increased output. The state-owned firm has a prominent role in raising output to meet targets for energy security, a task that has greater importance as the geopolitical landscape becomes more uncertain. SourceContinue Reading

(WO) — Vantage Drilling International announces the first day of trading its shares on Euronext Growth Oslo. The listing follows a series of value accretive transactions, including the previously announced MoU with TotalEnergies. SourceContinue Reading