Stay up to date with the latest news and updates from the oil industry.
Electricity demand growth is surging as data centres are becoming the new 'industrial load' of the artificial intelligence (AI) economy, and their electricity consumption is projected to double to 800 - 1000 TWh by 2030.
CNR International fined £250 000 for excessive venting; NEO fined £100 000 for attempting well abandonment without consent.
Marine seismic innovations business PXGEO has strengthened its senior leadership team with two key appointments to drive operational excellence across its global operations.
Equinor has been awarded 35 new production licenses by the Ministry of Energy in this year's APA, Awards in Predefined Areas.
Purpose-built for customers: FARO CREAFORM, turning portable and automated dimensional measurement into strategic advantage for manufacturers, and FARO INSIGHT, transforming captured reality into trusted insight for construction, public safety, and geospatial professionals.
His addition to the Board strengthens Sentinel’s strategic leadership as the company continues its global expansion.
This contract marks fifth pre-commissioning scope for offshore Guyana.
Exploration spending faces pressure as industry pivots to strategic acreage deals, giant field redevelopment, and next-generation geothermal commercialisation.
By revitalising existing seismic and well data, this project will advance the understanding and promotion of Malta’s offshore petroleum potential in the Central Mediterranean.
Mitchell Wallace, Managing Partner at StreamLynk Partners, a partner of Vroozi, suggests that while procurement perfects compliance metrics, operations burns millions waiting on materials.
TotalEnergies (35%, operator) and its partners Eni (35%) and QatarEnergy (30%) have signed an agreement with the Lebanese government to enter Block 8 exploration permit offshore Lebanon.
The report identifies five key themes that will shape the upstream sector in 2026 as operators balance capital discipline with strategic portfolio positioning for the 2030s.