Equinor and Shell Collaborative Partnership
Equinor and Shell joint venture Equinor and Shell have unveiled plans to form a JV that will combine their UK offshore oil and gas assets. According to Equinor, the new JV will be the UK North Sea’s “largest independent oil and gas producer”. The venture, equally owned by both companies, will aim to ensure the […]
Examining Oil and Gas Advertisements: How Accurate Are They?
Drilling into oil and gas ads — how accurate are they? You may have noticed a lot of oil and gas advertising recently, mainly driven by the Government of Alberta and Cenovus Energy. In October, Alberta launched its $7-million “Scrap the Cap” campaign in five provinces opposing the federal government’s emissions cap on oil and gas. Cenovus […]
Fifth Third’s CIO focuses on buying rather than building tech to stay competitive against banking giants
Why Fifth Third’s CIO mostly buys rather than builds tech in the race to compete against banking giants Fifth Third Bancorp ranks No. 17 among the top 20 U.S. banks, with operations stretching from the upper Midwest to the lower Southeast. But even with that reach, the company must carefully consider its technology spending to […]
Indonesia Signs Contract for Central Andaman Block
Indonesia inks Central Andaman block contract Indonesia’s Ministry of Energy has confirmed the signing of a contract with units of Harbour Energy and Mubadala Energy for the development of the Central Andaman oil and gas block, reported Reuters. This marks the first utilisation of a new gross split scheme, simplifying the contracting process for energy […]
Whistleblower at Super Micro stands firm on allegations of being terminated for raising concerns about accounting practices at the tech giant valued at $20 billion
Super Micro whistleblower doubles down on claim he was fired for complaining about accounting practices at the $20 billion tech giant A former Super Micro Computer strategy director is pressing ahead with allegations the hardware manufacturer retaliated and ultimately fired him for reporting what he believed to be accounting improprieties and Securities and Exchange Commission […]
Challenging Setbacks and a Proposed Emissions Cap Raise Concerns for Newfoundland and Labrador’s Oil Industry
Sobering setbacks and a proposed emissions cap raising concerns for N.L.’s oil sector The win column is starting to look a little bare for Newfoundland and Labrador’s oil and gas industry, and now the sector is facing more uncertainty as Ottawa proposes an emissions cap on production. “It’s getting more difficult to attract the attention […]
Getty Images CEO: Upholding fair use regulations will not hinder AI in finding a cure for cancer
Getty Images CEO: Respecting fair use rules won’t prevent AI from curing cancer There is a lot of debate on whether freely training artificial intelligence (AI) models on copyrighted materials is permissible under the law. This debate escalates to court cases filed across varied jurisdictions and companies challenging companies that train their generative AI models […]
Production Commences at Huizhou 26-6 Oilfield
Huizhou 26-6 oilfield production started China National Offshore Oil Corporation (CNOOC) has commenced production at the Huizhou 26-6 oilfield development project. The project, entirely operated and owned by CNOOC, is located in the Pearl River Mouth Basin at an average water depth of approximately 110m. It represents CNOOC’s first deep buried-hill reservoir development project in the South […]
Future of Budget Flights According to Booking Holdings CEO
Booking Holdings CEO on the future of cheap flights Despite a difference of opinion with his Gen Z son, Glenn Fogel insists on leaving hours early for the airport. That way he will never miss a flight. It’s one of many mantras that the Booking Holdings CEO adheres to. Fogel presides over all of the […]
Biden’s $6.6 Billion Loan to Rivian Criticized by Elon Musk’s DOGE Partner Vivek Ramaswamy
Elon Musk’s DOGE partner Vivek Ramaswamy blasts $6.6 billion Biden loan to Tesla rival Rivian Donald Trump’s designated government efficiency co-czar, Vivek Ramaswamy, signaled his intention to scrutinize a loan granted by the Biden administration to EV manufacturer Rivian, a rival of Tesla. Ramaswamy, the founder of several biotech firms collectively known as the “Vants,” […]