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ADNOC, SLB roll out AI-powered tool across over 120 rigs to enhance drilling ops

United Arab Emirates-based energy heavyweight Abu Dhabi National Oil Company (ADNOC) and the U.S.-headquartered technology player SLB have deployed a platform running on artificial intelligence (AI) across a fleet of more than 120 rigs to cut downtime and improve drilling performance at onshore and offshore assets. The post ADNOC, SLB roll out AI-powered tool across over 120 rigs to enhance drilling ops appeared first on Offshore Energy.

Xodus widens its role on Australian offshore oil field decom project

Aberdeen-based energy consultancy Xodus has expanded its role on a decommissioning program in Australian waters, supporting environmental approvals for the next phases in the removal of one of the country’s largest offshore oil field developments. The post Xodus widens its role on Australian offshore oil field decom project appeared first on Offshore Energy.

SOCAR tightens its grip on Caspian Sea oil & gas project with Itochu stake buyout

The State Oil Company of the Republic of Azerbaijan (SOCAR) has strengthened its hold on a giant oilfield in the Caspian Sea by acquiring Itochu Corporation’s participating interest, increasing its ownership in the oil and gas project off the coast of Azerbaijan as the Japanese trading and investment conglomerate exits the project. The post SOCAR tightens its grip on Caspian Sea oil & gas project with Itochu stake buyout appeared first on Offshore Energy.