AIQ has entered a Strategic Collaboration Agreement with Gulf Energy Information (Gulf) to enhance the development of ENERGYai by integrating Gulf’s vast energy sector data assets with AIQ’s advanced AI capabilities.
The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that the National Iranian Oil Company will invest $800 million to purchase 15 onshore drilling rigs this year. An additional $200 to $300 million from the company’s foreign exchange (FOREX) reserves will be allocated for ancillary equipment, such as cementing pumps and nitrogen units.
Shell company announces its results for Q4 2024, and its Q1 2025 outlook.
The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (b/d), equivalent to three monthly increments, in May 2025.
President Donald J. Trump announced the impose of several new tariffs to strengthen the international economic position of the US and protect American workers excluding the energy and certain mineral goods that are not available in the country
Baker Hughes announced that it won a multi-year contract from Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company’s Margham Gas storage project.
DNV has released DNV-RP-0670 Asset information modelling framework to improve asset information management in the energy sector. This recommended practice (RP) addresses challenges in engineering assets by enhancing information flow among organizations, individuals, and IT applications. It tackles issues caused by the lack of standardization and reliance on documents for information exchange.
bp announced that it has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq.
Kent announced that it has been awarded a place on the UK government’s Department for Energy Security & Net Zero (DESNZ) ENZPS Framework to provide strategic advisory and engineering services. The framework, valued at up to £250 million, will run for an initial two-year term, with an option to extend for a further two years.
Shell announced new strategies to deliver more value with less emissions.
