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Drillers are feeling good about higher oil prices, but only to a point.

Fresh restrictions will likely impact raw material markets globally as the EU and others attempt to squeeze the Russian economy following its invasion of Ukraine.

The organization, formerly known as the Oil and Gas Technology Centre, will run its Open Innovation Programme starting on 16 March, focusing on seven technology areas.

A new generation of detectors will be many times better at tracking discharges of the dangerous greenhouse gas.

The deal enhances the contractor’s presence in West Africa and provides for expansion in Southeast Asia.

Billed as the world’s longest AC power-from-shore project, Aker BP’s NOA Fulla field and Equinor’s Krafla field in the North Sea will be powered from the mainland by renewable hydropower.

C3 AI reported that the oil major has hit the milestone of 10,000 pieces of equipment being monitored by its predictive-maintenance artificial intelligence.

Bechtel gets the go-ahead to begin early engineering and procurement work under a limited notice to proceed.

SPE Technical Directors Silviu Livescu and David Reid talk about the intersection of AI and drilling.

Schlumberger announced that ConocoPhillips will use its DELFI platform to move its data to the cloud.

Baker Hughes will supply a plug-and play modularized liquefaction train system for the Plaquemines LNG project.

The energy transition and digitalization transition are not to be feared. While the rate of change will accelerate, very little of true value will be lost and the transitions instead offer a variety of incremental opportunities, especially for members of the production and facilities community.