Stories tagged “Oil And Gas.”
10 stories
UK inflation rose to 3.5% due to surging motor fuel costs, while the government approved the controversial Jackdaw gas field in the North Sea, sparking debate over energy security and climate impact.
Officials from Iran and Azerbaijan held a telephone conversation to discuss expanding bilateral relations, transit cooperation, border projects, and collaboration in the oil and gas sectors.
BLM Sets October Oil and Gas Lease Sale for Montana and Dakotas
The Bureau of Land Management (BLM) has announced an oil and gas lease sale for Montana and the Dakotas in October. The sale will offer 123 parcels of land for leasing, with a total of 1,115 wells proposed. The BLM is seeking public comments on the proposed lease sale.
BP's new boss, Meg O'Neill, is rapidly clearing the decks by selling off non-core assets, including its 60-year-old North Sea oil and gas business. She has also urged the new prime minister, Andy Burnham, to prioritize UK oil and gas production to minimize imports and boo…
US President Donald Trump has lambasted the nation's biggest oil and gas giants as Houston, Texas-based Chevron reported record earnings while consumers struggle with soaring petrol prices.
International Petroleum (IPCFF) benefits from the Blackrod Project coming online amid rising commodity prices. The company has a no-dilution policy and consistent share buybacks, increasing per-share production.
Applied Computing, a London-based startup, has raised $20 million to build a foundation AI model for the oil, gas, and petrochemical industry. The model, called Orbital, combines a time series model, a physics-based model, and a language model to predict the state of a fa…
World-First Floating Wind Technology to Help Power Oil Rigs
A world-first floating wind technology is being developed to help power oil rigs. This innovation could provide a sustainable solution for the energy needs of offshore oil and gas platforms.
The United States and Iran have been engaged in a series of attacks over the control of the Strait of Hormuz, a vital shipping lane. The U.S. has launched several waves of strikes on Iran, while Iran has retaliated by targeting countries across the Middle East. The confli…
Louisiana farmers are facing increased fuel and fertilizer costs due to the Iran war, putting them in a precarious financial position.