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Dec 13, 20241 min read

Fossil fuels initially needed for AI boom, Tepco adviser says

The rise of artificial intelligence will drive a surge in electricity demand that’ll initially be met by fossil fuels...

Dec 11, 20241 min read

Home of Canada’s Oil Sands Chases $71 Billion Data Center Opportunity

The Canadian province of Alberta, home to the world’s third-largest crude reserves, is making a push to become a hub for artificial...

Dec 9, 20241 min read

As Upstream M&A Settles, Oilfield Services Gear Up for More Deals

Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte. . Read...

Dec 4, 20241 min read

Automation and control: How IoT optimizes oil and gas operations

use IoT and cellular technology to remotely monitor and optimize reservoir, well and facility performance — all while minimizing the need...

Dec 2, 20241 min read

Lime Petroleum Strengthens Its Norwegian Oil and Gas Portfolio

Rex International’s subsidiary Lime Petroleum and its partners have secured new license for the exploration of Sognefjord East area with...

Nov 29, 20241 min read

Eni Acquires Four New Blocks Offshore Côte d’Ivoire

Eni and the Ministry of Mines, Oil and Energy of Côte d’Ivoire have signed the contracts for the acquisition of four new offshore...

Nov 27, 20241 min read

AI Could Lift the Oil Industry’s Profits. It’s Happening in the Permian Basin.

Oil drillers are becoming increasingly efficient as new technology takes hold . . Read More: https://www.barrons.com/articles/ai-oil-ind...

Nov 25, 20241 min read

ConocoPhillips closes $22.5 billion deal for Marathon Oil

U.S. shale oil producer ConocoPhillips (COP.N), said on Friday it has completed the $22.5 billion deal to acquire smaller peer Marathon...