Oil & Gas Industry News

Prime Minister Mark Carney lost a cabinet minister over his oil pipeline agreement with Alberta.

Oil posted a fourth monthly loss.

Two ocean-going tankers that are heavily sanctioned for carrying Russian oil suffered near-simultaneous blasts off Turkey's Black Sea coast.

Pions, previously named eDrilling, announced that it was 'taking another big step on the path toward Artificial Engineering Intelligence (AEI)'.

Trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault.

'Throughout history, from the Manhattan Project to the Apollo mission, our nation's brightest minds and industries have answered the call when their nation needed them', U.S. Energy Secretary Chris Wright said.

The IEA described U.S. data center electricity demand as the closest proxy available for the energy consumption of artificial intelligence.

'This is not over. We will keep pressing for change', OEUK Chief Executive David Whitehouse said.

The eye-popping amounts Big Tech is shelling out on artificial intelligence resembles shale's golden age of spending before a price crash wiped out $2.6 trillion in equity, Carlyle Group Inc.'s Jeff Currie says.

Oil crept higher alongside global equities, bouncing off a one-month low.