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Aug 28
1 min

Exxon forecasts 2050 oil demand to match today's, 25% above BP estimate

Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today's...

Aug 23
1 min

Top US oilfield firm Halliburton hit by cyberattack, source says

U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter....

Aug 19
1 min

New drilling technology to put billions of barrels of oil in reach, analysts say

An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of...

Aug 16
1 min

Digital Twin ‘Safeguards’ AI Value in Engineering and Operations

ITCAN Solutions, established in 2016, provides digital transformation services to large complex and data-intensive industries enabling...

Aug 14
1 min

Altman-Backed Startup Opens Largest US Facility to Pull Carbon From Air

Heimdal’s facility in Oklahoma can capture 5,000 tons of CO2 annually, which is being used to extract more oil. Read More:...

Aug 12
1 min

Is AI About to Run Out of Data? The History of Oil Says No

Is the AI bubble about to burst? Every day that the stock prices of semiconductor champion Nvidia and the so-called “Fab Five” tech...

Aug 9
1 min

Petrobras secures environmental clearance to expand production at offshore fields

The licences will facilitate an increase in oil output at the Mero and Buzios fields, both located in the Santos Basin of the Atlantic...

Aug 7
1 min

Diamondback Energy raises 2024 oil production target as U.S. shale drillers lift forecasts

Diamondback, one of the largest independent operators in the oil-rich Permian basin of West Texas and New Mexico, expects to pumps as...