News
COP28 Boss Says 2050 Net Zero Goal Has Oil Firms Support
Recently, Sultan al-Jaber, the president of COP28, stated that over 20 oil and gas companies are rallying around his efforts...
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The UK Rethinking Oil Vs. Green Energy For Energy Security
In spite of their commitment to achieving net-zero targets, the UK government, led by Prime Minister Rishi Sunak, has given...
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Offshore Oil Lease Plan By Biden Sparks Climate Concerns
The Biden administration has recently unveiled a plan to sell up to three offshore oil and gas leases over the...
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Saudi Arabia To Ease Production Cuts To Avoid Oil Price Hike
Rapidan Energy Group suggests that Saudi Arabia might start reducing its production cuts earlier than many oil market participants anticipate....
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SLB, Aker Solutions, Subsea7 to drive subsea production innovation with joint venture closure
SLB, Aker Solutions and Subsea7 announced the final closing of their previously announced joint venture. The new business, which will...
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Halliburton introduces first-of-its-kind autonomous device to enhance oil, gas recovery
Halliburton Company introduced the EquiFlow Density autonomous inflow control device (AICD). This first-of-its-kind device addresses reservoir fluid uncertainties and allows...
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North Sea oil, gas industry to reach significant milestones due to investment increases, exploration, production success
Norway and the UK have overcome recent challenges and are on course to achieve significant milestones due to notable increases...
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Oceaneering introduces new USV service for remote survey work at Offshore Europe 2023
Oceaneering International announced at Offshore Europe that its Subsea Robotics group is introducing a new uncrewed surface vessel (USV) service...
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Oceaneering wins two contracts totaling over $100 million for work offshore Angola, Guyana
Oceaneering International, Inc. announced that its Offshore Projects Group (OPG) segment has been awarded two international contracts, with a combined...
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Anticipated $4.21 Billion Growth In AI Adoption In Oil & Gas
By the year 2028, the utilization of artificial intelligence (AI) in the oil and gas industry is projected to reach...
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