TotalEnergies records a 22% decline in Q1 2024 adjusted net income In its 2024 first-quarter (Q1) results, TotalEnergies announced a 22% decline in adjusted net income to $5.1bn (€4.75bn). French energy company TotalEnergies reported a... (photo: AP / Michel Spingler) Offshore Technology France Oil Photos TotalEnergies |
“A bumpy ride” for cybersecurity as AI poses new threats – GlobalData report AI-driven cyberattacks are changing the cybersecurity needs of businesses, with the majority facing increasing talent shortages. AI-led attacks mean that the... (photo: European Community / Xavier Lejeune) Offshore Technology AI Cybersecurity Photos Technology |
Boeing sustainability chief says SAFs are unlikely to fall as low as jet fuel The use of sustainable aviation fuels (SAFs) is being encouraged by governments as a replacement for kerosene type fuels, to decarbonise the industry. Boeing’s... (photo: Creative Commons / Liam Allport) Offshore Technology Energy Oil Photos Sustainable aviation fuels |
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... (photo: AP / Hussein Malla) Offshore Technology Global Trading Inflation Oil Photos |
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... (photo: AI) Offshore Technology Business Digital twin market Global Trading Photos |
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... (photo: AP / Amr Nabil, File) Offshore Technology Energy Oil Photos Saudi Arabia |
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... (photo: AP / Charlie Riedel, File) Offshore Technology Business Emissions Environment Photos |
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) Offshore Technology Energy Iraq Oil Photos |
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) Offshore Technology Gas Global Trading Oil Photos |
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) Offshore Technology Gas Oil Photos |
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) Offshore Technology Energy Hydrogen Oil Photos |
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) Offshore Technology Energy Gas Global Trading Photos |
Venezuela to strengthen Iran oil pact The South American nation has struggled to pay off its debts to Tehran. Venezuela is looking to forge a stronger oil alliance with Iran, as the South American nation... (photo: AP / Vahid Salemi) Offshore Technology Iran Oil Photos Venezuela |
US leads global oil production for sixth year in a row – EIA Last year, the US, Russia and Saudi Arabia accounted for 40%, or approximately 32.8mbpd, of global oil production. Crude oil production in the US has topped global... (photo: AP / Gregory Bull, File) Offshore Technology Energy Global Trading Oil Photos |
EXCLUSIVE – Azerbaijan oil and gas extraction plans are equivalent to an entire year of EU emissions The oil and gas extraction plans of the COP29 host fuel concerns that another petrostate will dampen forthcoming climate negotiations. The recent decision to allow a... (photo: Creative Commons / Adam Jones from Kelowna, BC, Canada https://www.flickr.com/people/41000732@N04) Offshore Technology Azerbaijan Climate change Oil Photos |
MethaneSat will remind the oil and gas sector “to get back to work” Measuring methane concentrations as low as three parts per billion, MethaneSat will hold oil and gas firms accountable for emissions. MethaneSat – a satellite measuring... (photo: AP / Martin Meissner) Offshore Technology Climate change Emissions Environment Photos |
OPEC to cut 2.2 million barrels per day for another three months OPEC+ members, led by Saudi Arabia and Russia, have extended production cuts to stabilise the oil market. OPEC+ members, led by Saudi Arabia and Russia, have announced... (photo: AP / Lisa Leutner, file) Offshore Technology Global Trading OPEC Oil Photos |
Weekly data: US LNG export capacity expected to be 76% higher than EU demand Analysis from the Institute for Energy Economics and Financial Analysis (IEEFA) raises concern that the US is headed for a liquefied natural gas (LNG) supply glut.... (photo: AP / Martin Meissner, File) Offshore Technology Energy Gas Global Trading Photos |
Explainer: the Venezuela and Guyana oil dispute Guyana's economic development is at risk due to Venezuela's interference with its oil exploration and discoveries. Smruthi Nadig investigates. On 3 December 2023, the... (photo: AP / Ernesto Vargas) Offshore Technology Guyana Oil Photos Venezuela |
North Sea oil and gas assets a risky bet for private equity, think tank warns Think tank Carbon Tracker argues that private equity-backed companies operating in the North Sea could see cash flows decline by more than 60% in a 'moderate' net-zero... (photo: Creative Commons / Berardo62 https://commons.wikimedia.org//www.flickr.com/people/92819961@N04) Offshore Technology Gas Global Trading Oil Photos |