General

Oil Retreats Amid Huge Volatility After Russia Import Bans

This post was originally published on this siteMar 9, 2022 (Bloomberg) U.S crude futures fell after earlier rallying toward $127 a barrel as President Joe Biden said his nation would ban the import of Russian crude, escalating efforts to hobble the nation’s economy that will further strain global energy markets. West Texas Intermediate posted huge intraday swings …

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House Democrats Unveil Measure to Bar Russian Crude Oil Imports…in 45 Days

This post was originally published on this siteMar 9, 2022 (Bloomberg)  House Democrats unveiled legislation early Wednesday barring U.S. imports of Russian oil amid growing political pressure to punish Russia for its invasion of Ukraine.The legislation, which comes after a move Tuesday by President Joe Biden to implement a ban on Russian crude oil and other fossil …

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U.S. LNG exporters emerge as big winners of Europe natgas crisis

This post was originally published on this siteLONDON, March 9 (Reuters) – U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive month at prices that have rallied since Russia’s invasion of Ukraine. European gas prices have …

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Artificial intelligence innovation among offshore industry companies has dropped off in the last year

This post was originally published on this siteResearch and innovation in artificial intelligence (AI) in the offshore oil and gas industry operations and technologies sector has declined in the last year. The most recent figures show that the number of AI-related patent applications in the industry stood at 54 in the three months ending January – …

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