Alaeddine Karim, Microsoft’s country general manager in Kuwait, talks to The Energy Year about deploying a regional data centre and AI cluster in Kuwait and the company’s partnership with the Kuwaiti government for digital transformation. Microsoft creates platforms and tools powered by AI to deliver innovative solutions.
The US International Development Finance Corporation (DFC) and Abu Dhabi sovereign investment fund ADQ have joined the newly formed Orion Critical Mineral Consortium (Orion CMC) for investments in critical mineral resources and supply chains, the parties announced on Thursday.
Strong demand for LNG-related services drove Baker Hughes’ third-quarter financial performance above expectations, with the company reporting a 23% annual increase in orders despite a dip in net profits of 20% on the year.
The Salamanca Floating Production Unit (FPU) recently began producing from the Leon and Castile fields in Keathley Canyon, utilizing the refurbished Independence Hub—a previously decommissioned platform modernized to support long-term deepwater operations. Tampnet’s new connectivity system will provide real-time collaboration, remote monitoring, and data-driven operations across the field, reducing offshore exposure and improving efficiency.
The NOIA ESG Excellence Award highlights companies that demonstrate outstanding performance in environmental stewardship, social responsibility, and governance. Baker Hughes was honored for its data-driven approach to reducing emissions, expanding remote operations, and integrating sustainability across its global offshore operations.
Saudi Arabia’s crude oil exports surged by 413,000 barrels per day (bpd) in August, to the highest level in six months, as the world’s top crude exporter and the OPEC+ group accelerated the reversal of the production cuts.
Mergers and acquisitions in the U.S. upstream oil and gas sector fell for a third straight quarter, marking an end to blockbuster takeovers seen in recent years amid persistently low energy prices. According to Enverus Intelligence Research, deals worth $9.7 billion were closed in the third quarter, marking a 28% drop from the second quarter and putting the current year far below the record $192 billion recorded in 2023
The European Union adopted a new package of sanctions targeting Russia’s energy infrastructure, joining a new US push to chip away at Moscow’s ability to wage its war against Ukraine.
FlowHeat enables heating cables to be installed after pipeline laying or within reeled pipelines, offering up to 35% cost reductions and 30% lower emissions compared to conventional systems.
Under the agreement, Williams will contribute approximately USD 1.9 billion in capital expenditure towards the LNG facility and pipeline, reducing Woodside’s total expected capital expenditure for the Louisiana LNG project to an estimated USD 9.9 billion. With the deal, Williams also assumes offtake obligations for 10% of the produced LNG volumes, equivalent to 1.6 million tonnes per year (tpy).