trends

(Bloomberg) – 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 […]

Texas Railroad Commission Chairman Wayne Christian 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 […]

Wood has entered into an agreement to sell its North American Transmission & Distribution engineering business (North America T&D) to Qualus.  North America T&D is a provider of comprehensive power infrastructure engineering for […]

(Bloomberg) – 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 […]

Oceaneering’s Brazilian subsidiary, Marine Production Systems (MPS), has secured multiple subsea robotics contracts with Petrobras. The anticipated revenue of the contracts is approximately $180 million.  Oceaneering will provide work class remotely operated vehicle […]

EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle East operator with crane maintenance services across its offshore assets.   Originally awarded in 2022, Dubai Petroleum has automatically […]

EnQuest along with its joint venture partners and the Government of Indonesia have signed Production Sharing Contracts (PSCs) for the Gaea and Gaea II exploration blocks, located in Papua Barat, Indonesia.  Fig. 1 […]

SLB announced today that its OneSubsea™ joint venture has been awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway.  […]

Crescent Energy today announced a definitive agreement to acquire shale rival Vital Energy in an all-stock transaction valued at approximately $3.1 billion. The merger positions Crescent as a top 10 independent producer, with a scaled […]