AI integration is reshaping the oil and gas industry, driving efficiency, safety, and profitability, with a projected market worth of $4.21 billion by 2028.
Due to production cuts by OPEC, there has been a considerable price rise and as demand rises, a minimum of $12 trillion funding is needed to slash the rates.
The offshore oil and gas lease plan by the Biden administration draws criticism for its environmental impact, despite claims of aligning with climate goals.
Oil and gas projects in the UK risk energy security, and hinder green growth, alongside damaging its climate reputation, as the world shifts towards renewables.
COP28 president has confirmed that over 20 companies from oil and gas have shown support to his efforts so as to curb carbon emissions ahead of the summit.
