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Saudi Aramco’s venture capital arm allocates $100m to invest in AI start-ups

Saudi Aramco's venture capital arm Waed Ventures has earmarked $100 million to invest in early-stage artificial intelligence start-ups as...

Oct 28, 20241 min read

Nuclear-Powered AI: Big Tech’s Bold Solution or a Pipedream?

The tech industry is enamored with nuclear power, but the projects are years away and rely on unproven technology. For now it will lean...

Oct 25, 20241 min read

Wedgemount Resources revitalizes neglected Permian Basin wells with innovation and efficiency

Imagine this transformation: once-neglected Permian Basin wells, corroded and weather-beaten, now revitalized into peak-efficiency...

Oct 23, 20241 min read

Shelf Drilling Scoops $234M in West Africa Drilling Contracts

Offshore drilling firm Shelf Drilling has secured $234 million in contracts and extensions for two of its jack-up drilling rigs - Shelf...

Oct 21, 20241 min read

Kuwait to open bidding for oil field development projects

The Kuwait Oil Company, responsible for the country’s upstream oil activities, has already conducted 3-D seismic surveys of the field in...

Oct 16, 20241 min read

Aramco: Energy companies must continue to evolve in a fast-changing world

Aramco’s Upstream President Nasir K. Al-Naimi explains how the company is positioning itself to be an energy provider for the future Read...

Oct 14, 20241 min read

Can AI really compete with human data scientists? OpenAI’s new benchmark puts it to the test

OpenAI has introduced a new tool to measure artificial intelligence capabilities in machine learning engineering. The benchmark, called...

Oct 11, 20241 min read

Kuwait Oil Company awards $140 million EPC contract for major flowline expansion

Kuwait, which holds the world’s seventh-largest oil reserves, also aims to increase natural gas output by 79 percent to 930 million cubic...

Oct 9, 20241 min read