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Vår Energi ASA has entered a series of transactions on the Norwegian Continental Shelf, including acquisition of Pandion Energy AS’s holdings, a swap with DNO Norge AS, and divestments in Goliat and Fenja fields. All transactions are expected to close in second-half 2026, subject to regulatory approvals. Pandion acquisition anchors
Vår Energi ASA has sanctioned the Balder Next New Wells project in the Central North Sea on the Norwegian Continental Shelf in about 125 m of water. The project comprises a first-phase development of seven new wells tied back to the Jotun FPSO, with expected start-up in fourth quarter 2027.
Equinor and its partners have agreed on the concept for Ringvei Vest, a large subsea development project linked to the Troll B platform in the Norwegian North Sea. Ringvei Vest is one of the largest early-phase projects on the Norwegian Continental Shelf. Discoveries included in the project are Grosbeak, Swisher,
The agreements involve significant investments, exploration activities, and operational renewals, aiming to boost Egypt’s oil and gas production and attract further investments in the sector. <!–> June 18, 2026 –> Key Highlights EGAS and Harbour Energy signed an agreement for the Disouq Onshore Concession in the Nile Delta. EGPC and
BW Offshore completed the Interim Performance Test (IPT) for the BW Opal floating production, storage, and offloading vessel (FPSO) as part of the commissioning program for the Santos Ltd.-operated Barossa LNG project about 285 km offshore from Darwin in the Northern Territory of Australia. The milestone is part of early-stage technical
Equinor Energy AS is considering further development of the Johan Sverdrup area resources in the North Sea. Production from discoveries in Tonjer west and east and Geitungen would form the basis for the maturation of a potential phase 4 development in the northern part of the field. The volumes would be
Beacon Offshore Energy LLC is advancing two deepwater Gulf of Mexico developments, having drilled the first development well at Monument field and brought a second production well online at Zephyrus field. At Monument in Walker Ridge Block 315, the first development well reached a total depth of 32,250 ft and
Greece approved Chevron Corp.’s farm-in to offshore Block 10, clearing the way for the US major to complete its acquisition of a 70% interest and operatorship from HELLENiQ Energy. Greece’s Ministry of Environment and Energy and the Hellenic Hydrocarbon and Energy Resources Management Co. (HHRE) said June 15 that all
Power failures continue to dominate data center outage causes, accounting for 45% of impactful outages in Uptime Institute’s recently released 2026 Annual Outage Analysis report. While that figure declined from the previous year, it remains significantly higher than any other category. Within power-related incidents, UPS failures, transfer switch failures, and generator
Building an enterprise AI factory is a complex endeavor that few organizations can tackle alone. The solution requires infrastructure capable of managing massive compute workloads generated by AI training and inferencing, high-capacity/low-latency networking within data centers and to the edge, and security to mitigate the risks that AI introduces. Abhinav
The 100 kW rack figure places MSI’s offering squarely in the world of AI-era rack densities, where conventional air cooling becomes increasingly difficult or inefficient. The announcement also suggests that MSI is aligning with hyperscale and large cloud design principles, particularly through ORv3 and 48V power distribution. The company is
BUFFALO, N.Y. — In the race to build AI infrastructure, the industry often focuses on GPUs, power availability, and the massive capital investments reshaping the digital infrastructure landscape. But a walk through Motivair’s manufacturing facility in Buffalo, as provided on the eve of the Motivair-Schneider Electric Global Press Event’s tour
And Microsoft isn’t the only one that is ramping up its investments into AI-enabled data centers. Rival cloud service providers are all investing in either upgrading or opening new data centers to capture a larger chunk of business from developers and users of large language models (LLMs). In a report
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Self-driving tractors might be the path to self-driving cars. John Deere has revealed a new line of autonomous machines and tech across agriculture, construction and commercial landscaping. The Moline, Illinois-based John Deere
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More 2025 is poised to be a pivotal year for enterprise AI. The past year has seen rapid innovation, and this year will see the same. This has made it more critical
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More OpenAI has taken a more aggressive approach to red teaming than its AI competitors, demonstrating its security teams’ advanced capabilities in two areas: multi-step reinforcement and external red teaming. OpenAI recently
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. A
EXECUTIVE SUMMARY Miami-based AI startup Subquadratic came out of stealth mode last month with a huge claim. It announced that it had solved a mathematical
There are plenty of useful things a metric can reveal. There are even more it can obscure or corrupt. It took me well over a
EXECUTIVE SUMMARY This week, I covered the story of Casey Harrell—a man with ALS who is “the first power user” of a brain implant, according
