BP Strikes Oil and Gas Reserves in the Mediterranean Sea
BP hits oil & gas pay in Mediterranean Sea UK-headquartered energy giant BP has found more oil and gas in the northern Mediterranean within the Egyptian Exclusive Economic Zone (EEZ). The announcement of BP’s new oil and gas discovery in King Mariout was made by Dr. Mostafa Madbouly, Egypt’s Prime Minister, during a press conference on February 6, […]
Equinor Announces $5 Billion Share Buyback and Cuts Renewables Investment Amid Rising Oil and Gas Production – Equinor (NYSE: EQNR)
Equinor Unveils $5 Billion Buyback, Trims Renewables Spending As Oil & Gas Output Rises – Equinor (NYSE:EQNR) Equinor ASA EQNR shares are trading lower after the company reported fourth-quarter FY24 results. Revenue and other income fell 5% year-over-year (Y/Y) to $27.654 billion and adjusted revenue declined 7% Y/Y to $26.418 billion. The consensus estimate stood at $25.973 billion. Total […]
Exclusive: BP Set to Invest Up to $25 Billion in Kirkuk’s Oil and Gas Sector in Iraq
Exclusive-BP poised to invest up to $25 billion in Iraq’s Kirkuk oil and gas By Aref Mohammed and Ahmed Rasheed BAGHDAD (Reuters) – Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, […]
Multi-Billion Dollar Ventures at Risk: UK’s Largest Untapped Oil & Gas Partners Face Setback, Yet Shell, Equinor, and Ithaca Stay Optimistic
Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat In the wake of a new court ruling, the development of two hydrocarbon projects – said to be the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) – has […]
Proximity to Active Oil and Gas Wells May Elevate COVID-19 Mortality Risk
Living Near Active Oil and Gas Wells May Have Increased Risk of Dying from COVID-19 On Feb. 6, 2020, a week after the World Health Organization declared the global coronavirus outbreak a public health emergency, the first Californian died of COVID-19 in San Jose. The next month, cases ballooned around the San Francisco Bay Area, […]
Kuva Systems Secures $5 Million Contract from DOE for Emissions Technology
Kuva Systems wins $5M DOE contract for emissions tech Work continues on advancing the technology needed to monitor for and repair emissions leaks in oil and gas facilities. Much of that work is supported by the government, which has just awarded a $5 million contract to Kuva Systems under the U.S. Department of Energy’s Methane […]
TriMas Finalizes Sale of Arrow Engine to IES, Exits Oil and Gas Sector
TriMas Completes Arrow Engine Sale to IES, Exits Oil & Gas Market 01/31/2025 – 08:45 AM BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)– TriMas (NASDAQ: TRS) today announced the successful completion of the previously announced sale of its Arrow Engine business, thereby exiting its direct presence in the oil and gas market sector. The sale was finalized with […]
Offshore Oil & Gas Paints and Coatings Market Analysis Reveals Significant Growth Potential
Offshore Oil & Gas Paints and Coatings Market Analysis Shows Sky Offshore Oil & Gas Paints and Coatings Market The global offshore oil and gas paints and coatings market generated $537.6 million in 2020, and is expected to reach $764.9 million by 2030, witnessing a CAGR of 3.7% from 2021 to 2030. According to the report published […]
U.S. Upstream Oil and Gas: Dealmaking Reaches $105 Billion in 2024 – Insights and Data
U.S. Upstream Oil and Gas: Dealmaking Hits $105 Billion in 2024 – News and Statistics Jan 29, 2025 The U.S. upstream oil and gas sector witnessed remarkable dealmaking activities amounting to $105 billion in 2024, ranking as the third highest annual total recorded. According to a report by consultancy Enverus, the industry’s momentum decelerated in […]
AI and ML in the Oil and Gas Market Projected to Exceed $4.9 Billion by 2034, According to Global Market Insights Inc.
AI & ML in Oil & Gas Market to cross $4.9 Bn by 2034, Says Global Market Insights Inc. Global Market Insights Inc. Major AI & ML in oil & gas market participants include ABB, Baker Hughes, C3.ai, Halliburton, IBM, Intel, Palantir, Schlumberger, Siemens Energy, Yokogawa Electric. Selbyville, Delaware, Jan. 28, 2025 (GLOBE NEWSWIRE) — […]