Cloudera and Aramco have signed a Memorandum of Understanding to leverage AI-powered solutions for the digital oil and gas sector in Saudi Arabia, focusing on local talent upskilling and data-driven growth.
Norway’s energy sector delivered a crucial boost to Europe’s fragile energy landscape as the country’s oil and gas production for June outperformed expectations, despite modest declines compared to last year. With gas output averaging 292.3 million cubic meters per day and crude oil at 1.68 million barrels per day, Norway has once again proven itself as Europe’s most reliable energy partner. These figures not only support Norway’s own economic resilience by securing vital export revenues but also play a strategic geopolitical role in reducing the continent’s dependency on Russian energy. As the EU accelerates its diversification away from Russian gas, Norway’s consistent output reinforces its position as a key stabilizer in global energy markets, offering both security of supply and fiscal strength amid an era of heightened uncertainty.
Kenya will list its state-owned pipeline firm, Kenya Pipeline Company (KPC), on the Nairobi Securities Exchange before September, President William Ruto announced. The move is part of a broader plan to privatize key state enterprises and attract private investment.
OPEC forecasts global oil demand to rise steadily from ~103.7 mb/d in 2024 to about 122.9–123 mb/d by 2050, affirming that there’s no imminent peak in oil consumption.
The United Arab Emirates (UAE) continues to make remarkable progress in the nuclear energy sector, drawing on its experience from developing and operating the Barakah Nuclear Power Plant — the first of its kind in the Middle East.
TotalEnergies is preparing to restart its $20 billion Mozambique LNG project by the end of September 2025, after years of suspension due to insurgent violence in the Cabo Delgado region.