Global Data has reported that Aramco, a leading oil company, is the largest investor in artificial intelligence (AI) in the oil industry, having spent $3.5 billion on research and development last year.
In 2023, China's clean energy exports surged by nearly a fifth compared to the previous year, exceeding $150 billion.
The Authority for Energy and Water Services Regulatory (EWURA), has received the second winner award in the Best Management of Indigenous Participation in Strategic Projects in the Country.
Aramco is expanding its investment focus to include new energy sources and technologies beyond Saudi Arabia. The company has doubled its venture capital fund to $7 billion, aiming to support innovative startups and disruptive technologies.
The British oil company BP has halted oil production from a platform at a significant oil field in Azerbaijan, shortly after commencing production at a new offshore rig. The suspension is part of a scheduled maintenance plan, with operations expected to resume on May 10, 2024.
Four expatriate workers lost their lives, and two others were injured in a recent drone attack on the Khor Mor gas field in Iraq's Kurdistan region. This attack, reported by an advisor to the Iraqi Kurdish Prime Minister and a senior Kurdish political source, has also led to the suspension of production at the site.