OPEC misses oil production targets once again
OPEC has come up short on its oil production targets, adding to uncertainties over the market’s stability ahead of OPEC+ talks this week.
Iran’s oil production set to increase amidst talks of nuclear deal
Iran has announced its intention to boost oil production, regardless of the outcome of ongoing...
US to release 50 million barrels of oil in bid to ease prices
The US is to release 50 million barrels of oil from its reserves, in a move that has been met with criticism as nations battle against rising energy prices.
China’s environment ministry puts methane emissions under scrutiny
China’s environment ministry is set to examine methane emissions from key industries, including coal mining and petroleum.
Yahsat and Ericsson announce deal to boost industry technology services
The agreement will boost telecommunications, automation, and IoT services across the oil and gas, mining, and ports industries.
Latest Deals
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EquinorMergers & Acquisitions $434M
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EniMergers & Acquisitions $435M
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NEO EnergyMergers & Acquisitions $1.65BN
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Vivo EnergyMergers & Acquisitions $2.3BN
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EquinorMergers & Acquisitions $434M
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EniMergers & Acquisitions $435M
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NEO EnergyMergers & Acquisitions $1.65BN
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Vivo EnergyMergers & Acquisitions $2.3BN
Top companies for AI patents in offshore oil and gas industry operations and technologies in the three months to September
| Company | Number of patents |
|---|---|
| Honeywell International Inc | 63 |
| Schlumberger Ltd | 32 |
| 3M Co | 26 |
| Saudi Arabian Oil Co | 26 |
| Halliburton Co | 23 |
| Exxon Mobil Corp | 8 |
| BP Plc | 3 |
| CGG SA | 3 |
| Chevron Corp | 3 |
| Mitsui & Co Ltd | 3 |
Latest News
Shell looks to re-enter Libya’s oil and gas sector
The firm is considering developing new oil and gas fields offshore the Cyrenaica basin, and onshore the Sirte and Ghadames basins.
Mexico’s Pemex launches new subsidiary to sell petrochemical products
The new subsidiary will focus on gaining larger shares of the domestic oil, gas and petrochemical markets for Pemex.
Petronas and PTTEP make another gas discovery offshore Malaysia
The discovery of contaminant-free gas in the Nangka-1 well marks the second gas discovery within the Baram Province this year.
Seplat Energy considers acquisition of Exxon’s Nigerian offshore assets
Exxon intends to shift its primary focus towards profitable projects by selling its assets in Nigeria.
Latest Themes
Europe is seeing a hiring boom in offshore industry big data roles
Europe was the fastest growing region for big data hiring among offshore industry companies in the three months ending September.
Filings buzz in oil and gas industry: 32% increase in cybersecurity mentions since Q2 of 2020
Mentions of cybersecurity within the filings of companies in the oil and gas industry rose 25% between the first and second quarters of 2021.
BYJU’s, India’s most valuable unicorn, is giving the UK an education in AI technology
Byju’s expansion comes to the UK with an innovation hub exploring AI technology in education.
North America is seeing a hiring boom in offshore industry robotics roles
North America extentended its dominance for robotics hiring among offshore industry companies in the three months ending September.
Industrial automation hiring levels in the offshore industry rose in October 2021
The proportion of offshore oil and gas industry operations and technologies companies hiring for industrial automation related positions rose in October 2021
North America is seeing a hiring boom in offshore industry cybersecurity roles
North America was the fastest growing region for cybersecurity hiring among offshore industry companies in the three months ending September.
Cold Wars in the AI Summer: Automation is heating up cyber defence
AI can help forces in the defence of their systems – and offense upon others. But how far ahead are Russia and China?
ESG in Oil and Gas: Technology Trends
Oil and gas companies will need effective governance to deal with the existential disruption that is likely to occur over the next three or four decades.
Expert Commentary & Analysis
View MoreOil & Gas operators adopting digital oilfield technologies for process optimisation
Digital oilfields enable oil and gas companies and oilfield service providers to remotely monitor and...
European energy crisis triggers need for political concessions towards gas supply
Russia has already tried to leverage the current energy crisis to achieve a quick regulatory...
Digital technologies to enhance robotics functionalities in oil & gas industry
Robotics technology offers the ideal solution to fulfilling tasks in the labour-intensive oil and gas...
Q3 2021 oil & gas contracts relatively stable with improved prices and energy demand
A fall in contract numbers and a rise in contract value have been observed in...