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Aker Solutions to support the industrial transformation of Mongstad

Aker Solutions has been awarded a contract by Equinor to carry out a feasibility study for its Mongstad Industrial Transformation project in Vestland county on the west coast of Norway. The study aims to identify solutions to significantly reduce CO2 emissions from the existing refinery and transform the site into a new low-carbon industry cluster

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New generative artificial intelligence functionality for Siemens’ predictive maintenance solution

Siemens is releasing a new generative artificial intelligence (AI) functionality into its predictive maintenance solution – Senseye Predictive Maintenance. This advance makes predictive maintenance more conversational and intuitive. Through this new release of Senseye Predictive Maintenance with generative AI functionality, Siemens will make human-machine interactions and predictive maintenance faster and more efficient by enhancing proven

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Sunoco to Acquire NuStar Energy in Transaction Valued at $7.3 Billion

Sunoco and NuStar Energy announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. Under the terms of the agreement, NuStar common unitholders will receive 0.400 Sunoco common units for each NuStar common unit, implying a 24% premium based on the 30-day VWAP’s of

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New Petrobras CEO Says to Drive Energy Shift While Expanding Oil and Gas

A major oil and gas provider in South America is establishing itself as a leader in the future of energy in Brazil. According to Reuters, the new chief executive of Petrobras informed employees that the oil company would drive Brazil’s evolution to renewable energy while keeping its oil and gas expansion on track. In a

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Four EU Nations Call for Zero Emissions Target for Trucks And Buses

A European nation is leading the way toward zero emissions for one transportation sector. According to Bloomberg (via Rigzone), the Netherlands is leading calls for the European Union to target zero emissions from heavy-duty vehicles to bring the polluting sector in line with its climate neutrality goals. The European Commission should set a goal of

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Indonesia Approves Over $3 Billion in Revised Development Plan for Eni’s Merakes Fields

A Southeast Asian country is making a major expansion in its gas fields. According to Reuters, Indonesia’s upstream oil and gas regulator said the country had approved a revised development plan for its Merakes and Merakes East gas fields with a total investment of $3.35 billion. The project, operated by the local unit of Italian

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Norway’s $30 Billion of Projects to Sustain Gas Flow to 2026

Norway will be able to sustain gas production at last year’s elevated level until at least 2026 thanks to 300 billion Norwegian kroner ($30 billion) of investment in new offshore fields. “Only rarely have we seen so much oil and gas produced on the Norwegian shelf as was the case last year – and only

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SLB Opens Innovation Center in Abu Dhabi

An oilfield services company is making a major push toward innovation in the Middle East. According to the publication Oil and Gas Middle East, SLB, formerly Schlumberger, has expanded its “Innovation Factori” network by inaugurating a new center in Abu Dhabi. According to the company, the center will accelerate the development and deployment of enterprise-scale

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Robotics to Play Larger Role in Oil and Gas Industry, Says Data and Analytics Company

There’s a new influential force coming to the oil and gas industry. According to data and analytics company GlobalData (via RigZone), robots will be the oil and gas industry’s growth engine moving forward. “The volume of robotics use cases in the oil and gas industry is expected to grow rapidly, in tow with digitalization,” Anson

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Annual Methane Intensity Report Finds Significant Reductions in Permian Basin

Rural West Texas is taking a major step toward decarbonization. According to a news release from Texans for Natural Gas (TNG) (via RigZone), a Texas Independent Producers and Royalty Owners Association (TIPRO) project, the annual methane emissions intensity analysis shows that the Permian Basin’s rate has dropped by more than 76 percent from 2011 to

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Aker BP, Partners to Invest $20.5 Billion in New Oil, Gas Projects Off Norway

A Scandinavian oil firm is investing in developing new oil and gas fields. According to Reuters, the company said that Norwegian oil firm Aker BP and its partners would invest more than $20.5 billion to develop several oil and gas fields off Norway in the coming years. Several oil firms, including Aker BP, working off

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The Evolving Role of Oil and Gas in the Future of Energy with Russell Whitney

Russell Whitney began his career believing he would work in automotive manufacturing. But after graduating from the University of Oklahoma during the Great Recession, Whitney said he watched as executives from the automotive industry were chastised before Congress after receiving government bailouts. “I remember watching them all get chewed out for taking private jets to

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