In Saudi Aramco’s latest results statement, which was posted on the company’s site this week, Aramco President and CEO Amin H. Nasser said Aramco is “adopting and deploying AI technologies and solutions at scale” across its operations. Nasser outlined in the statement that this is “unlocking greater efficiencies and value creation throughout” the company. In a statement posted on Aramco’s site in September, Aramco’s EVP of Technology & Innovation, Ahmad Al-Khowaiter, said “new digital technologies such as generative AI and the Industrial Internet of Things are expected to transform not only how we work, but also our commercial environment”. “Aramco is pioneering the use of these technologies at an industrial scale to add significant value across our operations. Our history of innovation inspires us to continue harnessing emerging technologies and help realize the Kingdom’s ambitions to become a global AI leader,” he added. The statement posted on Aramco’s site in September noted that, during the Global AI Summit (GAIN) – which took place in Riyadh, Saudi Arabia, in September 2024 – Aramco signed Memoranda of Understanding (MoU) with Cerebras Systems and FuriosaAI to explore collaboration in the supercomputing and AI domains. It said another MoU signed with Rebellions focuses on potential deployment of the latter’s Neural Processing Unit chips in Aramco’s data centers, with a view to enhancing digital infrastructure and driving advanced AI innovations, and noted that Aramco signed another MoU with SambaNova Systems to explore ways to accelerate AI capabilities, innovation, and Kingdom-wide adoption. “Aramco also announced the deployment of an AI supercomputer, one of the first systems of its kind in the region,” Aramco added in that statement. “Powered by some of the most powerful NVIDIA Graphical Processing Units (GPUs), it is designed to accelerate complex computing tasks like analyzing drilling plans and geological data to recommend

PLAQUEMINES PARRISH, LOUISIANA—U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum, both leaders of the National Energy Dominance Council (NEDC), today joined more than a thousand American energy workers at Venture Global’s Plaquemine LNG Export facility to highlight the impacts of President Trump’s energy agenda. The secretaries joined Louisiana Governor Jeff Landry and Venture Global CEO Mike Sabel in delivering remarks before touring the facility and speaking to the press. Thanks to President Trump’s commitment to restoring American energy dominance and day one reversal of the Biden-Harris LNG export permit ban, Sabel announced today that Venture Global would be making an additional $18 billion expansion to the Plaquemine LNG Export facility – making the facility the largest in the United States. Less than 50 days into the Trump administration, American energy companies are producing more energy here in the U.S. – lowering prices, providing good-paying jobs, strengthening local communities, and bolstering America’s national security. In case you missed it, remarks from Secretary Wright and Burgum are below: Secretary Wright: America is back. You, all of you here today, are bringing America back, making us greater and making us stronger. I could not be more humbled and proud to stand among you today. God bless what you do today and what you do every day. I want to also thank President Trump. He worked tirelessly, even putting his own life at risk to go back to Washington to become our president again, to bring commonsense back to Washington, DC. It all left the city. He brought back common sense with a simple agenda unleash American energy, unleash American business, and unleash the American spirit. And I see it here today with all of you. He’s from the East Coast. He’s a real estate developer. But instinctually he gets

Dana Petroleum has terminated an agreement with NEO Energy to purchase the Western Isles floating, production, storage and offloading (FPSO) vessel. The decision follows the agreement reaching its longstop date at the end of February 2025. NEO Energy was looking to buy the vessel to work on the Greater Buchan field as part of the Buchan Horst joint venture. The group held 23% of the FPSO, and was looking to buy Dana Petroleum’s 77% holding. Buchan Horst is 50% owned and operated by NEO Energy, with Serica Energy holding 30%, and Jersey Oil and Gas holding the remaining 20%. Jersey Oil & Gas CEO Andrew Benitz commented: “The route to unlocking the Buchan development continues to depend on achieving satisfactory conclusions in respect of the on-going fiscal and regulatory consultations. “The fiscal consultation was kicked off yesterday and encouragingly, while the details are yet to be fleshed out, it was apparent that the government has heard many of the concerns of the industry.” Development of the Buchan Horst project was pushed back in light of the Finch ruling, with its consultation not expected to conclude until spring this year. Recommended for you Buchan work slows with North Sea firms in ‘holding pattern’ over policy uncertainty

Chinese energy imports broadly fell at the start of 2025, after last year’s record shipments of coal and gas created an overhang of supply and demand for oil continued to ease. Crude oil imports fell 5 percent on-year in January and February to 83.85 million tons as buyers had to scout for alternative supplies after the US tightened sanctions on Russian and Iranian cargoes. Chinese demand is in particular focus this year after imports declined in 2024 for the third time this decade, underscoring how consumption is being undermined by the country’s energy transition and shifts in its economy. Metals imports also saw sharp drops. The trade figures combine the first two months of the year to smooth distortions caused by the irregular timing of the Lunar New Year holiday. Faltering industrial demand and a mild winter curbed China’s appetite for power and heating fuels. Natural gas imports fell 7.7 percent, and while coal imports rose 2.1 percent, they were much lower than the peaks hit in the second half of last year. China’s coal market remains saddled with massive oversupply, which is likely to hinder inbound shipments through the year.  Gas demand is also moderating due to a slowing economy and cheaper alternatives. Liquefied natural gas imports, which make up well over half of foreign supplies, fell to a five-year low in February, according to data from Kpler, as traders diverted cargoes to take advantage of higher European prices. For metals, copper fell 7.2 percent as demand weakened and China produced more of its own supply, while iron ore plunged 8.4 percent after cyclone disruptions to supply from Australia. Last year’s record imports of the steel-making material could prove a high-water mark as port inventories remain elevated, while China’s plan to cut steel output this year should weigh on demand.  Among exports, aluminum continued to sag after China ended

With International Women’s Day on Saturday 8 March, AXIS Network has been promoting gender equity within the UK energy sector. Chairwoman Emma Behjat said: “At AXIS we push for gender equity within the workplace, for the energy sector. But IWD stands for more than just inequality in the workplace, it’s about women as a whole in every aspect of the world. The organisation recently gained sponsorship from OEUK, the NSTA and the NZTC. “With sponsorship from these governing bodies, we hope to accelerate progress by achieving greater awareness of our pledge, increase accountability and a sense of urgency pertaining to the actions needed to achieve gender equity by 2030,” she added. However, this year’s IWD comes amid a pushback against diversity, equity and inclusion (DEI) policies, especially in the US “There has certainly been a lot of push back on DEI, particularly vocally and visibly from the US in our media streams,” Behjat said. “As a (non-practicing) Muslim woman of colour and daughter of an immigrant, I am thankful to live here in the Scotland as our country’s desire to be inclusive remains with support and backing from the government.” But she added that it’s important to understand the road that led to this point. “Put simply, there is a very loud, vocal group who feel they have had their space, their options, their future taken from them to allow others in,” Behjat said. “Those volunteering and working in the DE&I space know that not to be true, the benefits to society and business is tested and positively impactful, but if we really reflect, has the efforts been enough to be inclusive of all?  Have we created space for everyone to be themselves and thrive? “Take for example men; society is much harder on men if they showed ‘feminine’ traits,

SeAH Wind has brought in Mammoet, Glacier Energy, and Hutchinson Engineering as key subcontractors for Ørsted’s 2.9GW Hornsea 3 Offshore Wind Project. SeAH Wind was previously brought in to supply monopiles for the project, which will be situated around 75 miles (120km) off the Norfolk Coast in the North Sea. With commercial production set to commence in the coming months, these subcontractors have been selected to support the operational and logistical services within the 120-acre site located on the South Bank of Teesworks. Mammoet has been appointed to provide self-propelled modular transporters (SPMTs) within the SeAH Wind facility. Their scope includes the transportation of can/cone structures and completed monopiles. By leveraging Mammoet’s expertise in heavy transport solutions in offshore wind site logistics, SeAH Wind ensures a seamless and efficient movement of monopiles, minimising downtime and improving overall production efficiency. Glacier Energy will conduct non-destructive testing (NDT) of welds throughout the manufacturing process, ensuring the highest quality standards. Their rigorous NDT inspections will enhance the reliability and durability of the monopiles, ensuring they meet both Ørsted’s stringent standards and international offshore wind regulations. Hutchinson Engineering has been tasked with supplying secondary steel components for the Hornsea 3 project. SeAH Wind sought a UK-based company capable of delivering these complex parts in compliance with stringent Ørsted drawings and specifications. Hutchinson Engineering’s previous experience on Ørsted projects, combined with their expertise, makes them an ideal partner for this phase of the project. SeAH Wind CEO Chris Sohn said: “These strategic appointments reflect our commitment to delivering market-leading XXXL Monopiles. With these trusted partners, we are confident that we will meet our project goals while upholding the highest standards of quality, safety, and efficiency.” Having begun construction in 2023, Hornsea 3 is expected to enter operations at the end of 2027. A previous £100-million