Energy | GUPC

NVIDIA GPUs Powering Upstream Business: SHEL, SLB, PBR Stocks to Gain

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 13, 2024 | Comment off

The demand for NVIDIA’s NVDA graphic processing units (GPUs) has surged significantly, positioning it as a leading player in the artificial intelligence (AI) revolution and one of the world’s most valuable companies. NVIDIA’s GPU-accelerated computing is transforming various industries, including oil and gas, by expediting complex calculations and enhancing data analysis. This technology improves seismic imaging, reservoir simulations and real-time data analysis, all of which are essential for locating oil and gas reserves more quickly and accurately.

US Fossil Fuel Use Has Increased — Despite Presidential Energy Goals

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 13, 2024 | Comment off

The United States is producing more oil and natural gas today than ever before, and far more than any other country. So, what roles did the Trump-Pence and Biden-Harris administrations play in this surge?

Tenaris secures 24,500-ton pipe order for North Africa gas project, boosting European supply

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 13, 2024 | Comment off

Tecnimont (MAIRE Group) has entrusted Tenaris with the supply of more than 24,500 tons of seamless pipes for a major gas project located in North Africa, designed to bolster energy security in Europe.

Petrobras Taps SBM to Grow Fleet of Production Vessels

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 13, 2024 | Comment off

SBM Offshore NV has two massive oil vessels heading to Brazil and is waiting on Petrobras to offer tenders for similar units to help accelerate growth in what is already Latin America’s biggest producing country.

IEA: Global oil demand growth continues to decelerate

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 13, 2024 | Comment off

Global oil demand growth continues to decelerate, with first-half 2024 gains of 800,000 b/d year-over-year (y-o-y) being the lowest since 2020, according to the International Energy Agency (IEA)’s September issue Oil Market Monthly Report.

PIAC, constituent groups discuss enhancement of accountability in petroleum revenue utilization

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 13, 2024 | Comment off

The Public Interest and Accountability Committee (PIAC) has engaged representatives from its 13- Constituent Bodies to discuss how to strengthen efforts to deepen public accountability in the management and use of the country’s petroleum revenues at its Annual General Assembly (AGA) in Accra.

Chevron Begins Water Injections to Boost GOM Production

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 5, 2024 | Comment off

Chevron Corporation is targeting to increase oil and natural gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico.

S&P Global: OPEC+ production increase plans come amid market oversupply concerns

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 5, 2024 | Comment off

Despite concerns about a potential market oversupply, OPEC+ is set to increase production due to a combination of foreign investor interests from without and the need for unity within, according to S&P Global Commodity Insights.

Russian oil companies receive 163.3 bln rubles from budget for fuel damper in August, 142.5 bln rubles in July

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 5, 2024 | Comment off

Russian oil companies received payments totaling 163.3 billion rubles from the budget for the fuel damper in August, the Finance Ministry said in materials on forming and utilizing additional oil and gas revenues from the federal budget, as posted on its website.

Sanctioned Russian oligarchs bag stake in UK’s biggest oil company

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 5, 2024 | Comment off

Investment firm LetterOne, owned in part by sanctioned Russian oligarchs Petr Aven and Mikhail Fridman, has acquired a minority stake (14.87%) in Harbour Energy, which is the UK’s biggest oil and gas company with operations in Norway, Southeast Asia, Germany, North Africa and Argentina.