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The Louisiana contractor is buying Kystdesign for an undisclosed sum, expanding its underwater vehicle business.

The technology, which uses Industrial Internet of Things components, aims to reduce the costs and improve the safety of drilling operations.

The agreement aims to bring the efforts of both companies together to advance digital-enabled carbon-free floating power generation.

Although 92% of energy companies say they plan on digital technology investments, only 27% currently retrain and reskill existing employees to meet the upcoming demand, according to a recent survey from Ernst & Young.

The move by the US Congress and the White House is part of a broader effort to overturn the Inflation Reduction Act passed in 2022.

The supermajor believes oil and gas will continue to play a major role in the global energy mix over the next 25 years.

The Halten East project in the Norwegian Sea involves fields that if developed independently would be considered too marginal to be economically attractive.

A roundtable discussion during CERAWeek pointed to the necessity of a mindset shift for the oil and gas industry to tap into AI’s true potential.

The acquisition of the imaging company gives Kraken offices in Colorado and Texas.

The production unit for the Balder field in the North Sea is expected to go on-stream in the second quarter of 2025 following the staged tow-out of the FPSO.

Industry leaders say they believe oil and gas will continue to play a pivotal role in the energy mix in the lengthening energy transition timeline.

This paper presents the application of a new automatic geosteering method that combines probabilistic interpretation with artificial intelligence for look-ahead decision-making, representing an innovative advancement in automated geosteering frameworks.