Chevron has announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026. “Our 2026 capital program focuses on the highest-return
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The Global AI in Oil and Gas Market is estimated to be valued at around USD 5.29 billion in 2024 and is projected to reach approximately USD 32.98 billion by 2033, growing at a CAGR of about 22.9 percent during the forecast period. Artificial intelligence technologies are increasingly used across upstream, midstream and downstream operations
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Targa Resources announced a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Stakeholder Midstream, LLC (“Stakeholder”) for $1.25 billion in cash. Stakeholder provides natural gas gathering, treating, and processing services and crude gathering and storage services in the Permian Basin, including approximately 480 miles of natural gas pipelines, approximately 180 million cubic feet
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The 2026 agenda will feature a robust lineup of industry experts from leading organizations, providing deep dives into cutting-edge AI applications We are proud to once again host the industry’s most influential minds as they share practical strategies for leveraging AI to enhance efficiency, safety, and sustainability.” — Symon Rubens, CEO, Energy Conference Network The
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CQR, a Saudi-headquartered cybersecurity firm specializing in operational technology (OT), has unveiled FENNEC, a next-generation platform engineered to safeguard the industrial backbone of Saudi Arabia and the wider region. Designed and built locally, FENNEC is the first OT-native platform to merge full-stack visibility with embedded AI monitoring, enabling asset owners to reduce compliance workload by as
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The Smart Hazardous Gas Monitoring Market size was valued at USD 3.38 Billion in 2025E and is projected to reach USD 6.64 Billion by 2033, growing at a CAGR of 8.84% during 2026-2033. The Smart Hazardous Gas Monitoring Market analysis highlights the growing demand for advanced detection technologies that ensure workplace safety and regulatory compliance. Rising industrialization
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RWE has commissioned Stoneridge Solar, delivering homegrown energy to Milam County, Texas. The project delivers 200 MW of solar power and 100 MW (200 MWh) of battery storage, strengthening the state’s supply of reliable, cost-competitive electricity. Andrew Flanagan, CEO, RWE Clean Energy: “Stoneridge Solar is a great example of the power of local partnership and the
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Air Liquide Singapore and Aster Chemicals and Energy have signed a Memorandum of Understanding (MOU) to jointly collaborate on the development of an innovative Auto Thermal Reformer (ATR) unit for the production of hydrogen with integrated carbon capture capabilities in Singapore. This strategic partnership marks a major milestone in advancing the decarbonization of Singapore’s energy
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Competitive Power Ventures (CPV) officially broke ground today on the construction of the CPV Basin Ranch Energy Center, a 1,350-megawatt combined-cycle natural gas power plant in the Permian Basin. Company leaders, project partners, and community members gathered to celebrate the milestone. “These are the days that excite our team, seeing a project enter into construction
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The Artificial Intelligence (AI) Laboratory, Recod.ai, at the Institute of Computing (IC) of Unicamp, recently inaugurated one of the most powerful AI-focused computing infrastructures ever installed at the University. The cluster was acquired with resources from Shell Brazil from the ANP’s R&D clause, within the scope of the Center for Energy and Petroleum Studies (Cepetro/Unicamp).
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Exxon Mobil has suspended plans to build one of the world’s largest hydrogen production plants due to weak consumer demand, CEO Darren Woods told Reuters. In 2022, Exxon announced plans to build a plant at its refining and chemical complex in Baytown, Texas. The plant was expected to produce 1 billion cubic feet of “blue” hydrogen per
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First Solar has inaugurated its new fully vertically integrated manufacturing facility in Iberia Parish, Louisiana. The $1.1 billion facility, which spans approximately 2.4 million square feet and is about 11 times the size of the New Orleans Superdome, currently employs over 700 people and is expected to have 826 employees by the end of the
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