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Nov 15, 20241 min read

Malaysian Billionaire Ananda Krishnan’s Bumi Armada In Merger Talks With MISC OffShore

Bumi Armada —an oil field services company backed by Malaysian tycoon Ananda Krishan —is exploring a potential merger with state-owned...

Nov 13, 20241 min read

ExxonMobil to Sell Older Permian Assets to Hilcorp in $1B Deal

Exxon Mobil Corp. has reached an agreement to sell its conventional oil drilling assets in the Permian Basin of Texas and New Mexico to...

Nov 11, 20241 min read

Abu Dhabi Works With Microsoft on AI Push Into Energy Industry

Abu Dhabi National Oil Co. will for the first time use agentic AI — developed by AIQ in collaboration with Microsoft Corp. and G42 — to...

Nov 8, 20241 min read

Oil bosses have big hopes for the AI boom

This week 180,000 people descended on Abu Dhabi to attend adipec, the global oil-and-gas industry’s biggest annual gathering. This year’s...

Nov 6, 20241 min read

AI could save billions in decommissioning costs

Breakthrough technology could see artificial intelligence save taxpayers and the oil and gas industry £10 billion in decommissioning...

Nov 1, 20241 min read

UAE'S ADNOC to deploy autonomous AI in the energy sector for the first time

UAE energy giant ADNOC will apply highly autonomous agentic artificial intelligence in the energy industry for the first time, in...

Oct 30, 20241 min read

Colonial Pipeline Considering $10B Sale

Colonial owns a 5,500-mile pipeline network which carries more than 100,000 gallons of fuel to an area stretching from Houston to New...

Oct 28, 20241 min read

Saudi Aramco’s venture capital arm allocates $100m to invest in AI start-ups

Saudi Aramco's venture capital arm Waed Ventures has earmarked $100 million to invest in early-stage artificial intelligence start-ups as...