Upstream | 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.

Exxon Sees Higher Oil Prices Raising Upstream Earnings

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | July 9, 2024 | Comment off

ExxonMobil expects its upstream earnings to be up to $700 million higher for the second quarter compared to the first quarter of the year, due to higher liquids prices, the U.S. supermajor said on Monday in a preview of its Q2 results.

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

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 24, 2024 | Comment off

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.

E&P activities heating up in oil and gas industry

Oil & Gas‚ Oil and Gas Industry | intent | June 18, 2024 | Comment off

A decade after its peak, the oil and gas industry is welcoming a new investment boom, with exploration and production (E&P) activities heating up globally again.

Upstream oil and gas investment needs to rise 22 percent by 2030 to meet surging demand, $4.3 trillion required: Report

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 7, 2024 | Comment off

Annual upstream oil and gas capital expenditures will need to rise by 22 percent by 2030 to ensure adequate supplies due to growing demand and cost inflation, a new report revealed.

Aethon Energy Management to acquires Tellurian’s upstream assets for $260 million

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | May 30, 2024 | Comment off

Tellurian Inc. and Aethon Energy Management LLC announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase two million tons per annum (MMtpa) of liquified natural gas (LNG) from Tellurian’s Driftwood LNG plant.

Total Energies to expand investments in upstream O&G industry, says Anwar

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | April 30, 2024 | Comment off

This follows the prime minister’s meeting with TotalEnergies CEO Patrick Pouyanne on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia.

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

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | April 16, 2024 | Comment off

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.

PetroChina Posts Higher Annual Profit on Higher Production

Oil and Gas Industry | intent | March 28, 2024 | Comment off

PetroChina Co. Ltd. has reported CNY 161.15 billion ($20.6 billion) in net income for 2023, up 8.3 percent compared to 2022 as growth in both upstream and downstream output offset weaker oil prices.

Oil Majors Set To Sanction $125 Billion Upstream Projects in 2024

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding an estimated 14 billion barrels of oil equivalent (boe) of resources.

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