Markets

Baker Hughes and Repsol have entered a partnership aimed at advancing artificial intelligence (AI) capabilities through the Leucipa™ automated field production solution.

Electrifying upstream oil and gas production facilities offers a potential reduction in emissions by over 80%, providing a crucial pathway for decarbonization in the sector.

Italian energy major Eni S.p.A. has undertaken a significant restructuring of its organizational framework aimed at enhancing the integration of its energy businesses while advancing its decarbonization initiatives.

In recent years, regional banks in North America have notably increased their lending to the fossil fuel sector, diverging from the trend among European banks, which have either reduced their financing or committed to lowering their exposure to oil, natural gas, and coal.

At the APPEC 2024 conference, Asian upstream players expressed a strategic focus on acquiring oil and gas-producing assets due to the evolving dynamics of the global energy transition.

The transition from fossil fuels to renewable energy, while advancing, has not yet significantly diminished the critical role of crude oil in the global energy mix.

The UK government is set to introduce new environmental guidance for oil and gas companies operating in the North Sea.

Recent developments in North Sea exploration and Norwegian oil production highlight critical shifts in the energy landscape with significant implications for global markets.

The sale of Shell and ExxonMobil’s UK North Sea assets to Viaro Energy is a significant move that highlights several strategic shifts within the oil and gas sector amid the energy transition.

Canadian oil executives from companies like Cenovus Energy, Enbridge, Imperial Oil, Shell, and Suncor have strongly criticized a proposed cap on carbon dioxide emissions from the country's oil and gas production.