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

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.

Flexible Pipes Market size is set to grow by USD 173.3 million from 2024-2028, Rising investment in upstream oil and gas activity boost the market, Technavio

The global flexible pipes market size is estimated to grow by USD 173.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 2.8% during the forecast period. Rising investment in upstream oil and gas activity is driving market growth, with a trend towards increased use of carbon composite to increase strength. However, fluctuation in crude oil prices poses a challenge. Key market players include BRUGG GROUP AG, CGH Belgium NV, Changchun Gaoxiang Special Pipe Co. Ltd., Chevron Phillips Chemical Co. LLC, Continental AG, Davis Standard LLC, FlexSteel Pipeline Technologies Inc., General Electric Co., Hebei Heng An Tai Pipeline Co. Ltd., MAGMA GLOBAL Ltd., Mattr Corp., NOV Inc., NV Bekaert SA, Prysmian Spa, Saudi Arabian Amiantit Co., Shandong Saigao Group Corp., Shell plc, Strohm B.V., TechnipFMC plc, and Wienerberger AG.

With 4 Drill Ships Arriving Nigeria in 2025, Oil Service Firms Expect Rebound in Upstream Activities

Nigeria’s upstream oil and gas industry is set to experience a rebound in projects with potential for crude production growth and other associated values as four drill ships are expected to arrive the country by 2025, THISDAY has learnt.
Many exploration and production projects in the deepwater environment have been lined up for commencement next year, which are being promoted by the International Oil Companies (IOCs) operating in Nigeria.