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Breaking News Fri, 19 Apr 2024
FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya.
Global Trading   Inflation   Oil   Photos
 Offshore Technology 
IMF warns tensions in Middle East could cause sharp increase in oil prices
The International Monetary Fund (IMF) has warned the escalating tensions in the Middle East could lead to an increase in oil prices and inflation. The IMF has warned that the Middle East tensions... (photo: AP / Hussein Malla)
A digital twin is a virtual model of a physical object. It spans the object's lifecycle and uses real-time data sent from sensors on the object to simulate the behavior and monitor operations.
Business   Digital twin market   Global Trading   Photos
 Offshore Technology 
Digital twin market to surpass $150bn by 2030, impacting many industries
GlobalData’s Digital Twins report examines growth and users across many industries including power, healthcare and sport. The digital twin market will be worth $154bn by 2030 having expanded at a... (photo: AI)
FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021.  Offshore Technology 
Saudi Arabia considers May oil price hike
The world’s largest oil producer set the trend for prices in Iran, Kuwait and Iraq. The world’s largest oil exporter, Saudi Arabia, may increase the official selling price (OSP) for its flagship Arab... (photo: AP / Amr Nabil, File)
Energy   Oil   Photos   Saudi Arabia
FILE - In this Sept. 18, 2021 photo, emissions rise from the smokestacks at the Jeffrey Energy Center coal power plant as the suns sets, near Emmett, Kans.  Offshore Technology 
Most companies are aligned with national net-zero targets, as per GlobalData poll
Just over 40% of respondents said that their company’s emission reduction targets complemented their country’s net-zero plans. Post the Paris Accord of 2015, the global community has increased its... (photo: AP / Charlie Riedel, File)
Business   Emissions   Environment   Photos
Top Stories
FILE - In this Dec. 13, 2009 file photo, men work at the Rumaila oil refinery, near the Iraqi city of Basra. Iraq is rich in oil, but protesters say they don’t see the fruits of this wealth. Offshore Technology
Iraq blames foreign companies for ongoing closure of oil pipeline
The Iraqi oil ministry said companies operating in the Kurdistan region have failed to submit contracts for revision. Iraq’s oil ministry has blamed foreign oil companies... (photo: AP / Nabil al-Jurani, File)
Energy   Iraq   Oil   Photos
FILE - Exxon Mobil Billings Refinery sits in Billings, Mont. Exxon Mobil’s scientists were remarkably accurate in their predictions about global warming, even as the company made public statements that contradicted its own scientists' conclusions, a new study says Offshore Technology
Exxon ahead of LNG expansion targets
The oil and gas giant will focus on producing its own liquefied natural gas (LNG) rather that trading that of third parties. US oil and gas company Exxon Mobil is ahead... (photo: AP / Matthew Brown, File)
Gas   Global Trading   Oil   Photos
Blockchain network concept Offshore Technology
Rapid digitalisation enabling blockchain adoption in oil and gas industry
The potential of blockchain in the oil and gas sector is poised for substantial growth as companies increasingly recognise its full capabilities. Blockchain is emerging... (photo: Creative Commons)
Gas   Oil   Photos
Kevin Baker, a maintenance technician, refuels a hydrogen fuel cell bus, Tuesday, March 16, 2021, in Canton, Ohio. Offshore Technology
Hydrogen uptake will cost Europe and US more than $1trn, Mitsubishi says
A successful commercial move to hydrogen will only be possible if new demand emerges, executive says. Widescale adoption of hydrogen in Europe and the US will cost more... (photo: AP / Tony Dejak)
Energy   Hydrogen   Oil   Photos
Morning light lights the landfall facility of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL gas pipeline, the Baltic Sea Pipeline Link, in Lubmin, Germany, Thursday, July 21, 2022. The operator of the major pipeline from Russia to Europe says natural gas has started flowing again after a 10-day shutdown for maintenance. (AP Photo/Markus Schreiber) Offshore Technology
Global natural gas demand set to rise 34% by 2050
The report predicts rises in demand and production as well as market shifts in production dominance. A predicts that global demand for natural gas will rise 34% by 2050.... (photo: AP / Markus Schreiber)
Energy   Gas   Global Trading   Photos
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