Author: Rigs & Barge World
If you’ve used a recent large language model (LLM) like ChatGPT-5, you might have noticed some frustrating issues. Beyond their well-known flaws, these models are taking an unexpectedly long time to answer even simple questions. What’s behind this delay?The simple answer is that they’ve become overly cautious to minimize errors and avoid embarrassing mistakes. I experienced this first-hand when I gave an LLM a straightforward fill-in-the-blanks task:” _ _, the British Prime Minister, _ the cabinet yesterday.”The initial response was: “Liz Truss, the British Prime Minister, appointed the cabinet yesterday.”When I pointed out that Liz Truss is no longer the…
Halliburton, a leading service provider to the oil and gas sector, has introduced the Turing® control system, an upgrade to its SmartWell® technology. This new system helps save time as it manages oil and gas flow more efficiently, allowing companies to get more from each reservoir while drilling fewer wells. The new system uses built-in sensors to quickly and accurately adjust well performance. It is designed to reduce setup time, lower risks, and help avoid delays—making operations smoother and more cost-effective. When integrated with the Clariti® digital reservoir management suite, the Turing electro-hydraulic control system delivers enhanced insights and real-time…
On the sidelines of the Gastech 2025 Exhibition and Conference in Milan, Karim Badawi, the Minister of Petroleum and Mineral Resources, held meetings with the top executives of a number of international oil and Gas companies to discuss investment opportunities in Egypt. Badawi discussed with Freeman Shaheen, President of Chevron Global Gas, means of enhancing cooperation in natural gas exploration and production in the Mediterranean Sea, as well as reducing carbon emissions. Badawi also reviewed ongoing collaborative projects with Chevron in upstream activities in the Mediterranean, particularly in the Nargis offshore and North El-Dabaa areas, in addition to the Lotus…
Media release: North West Shelf extension approval will ensure long-term gas supply for WA | Australian Energy Producers Skip to content Source link
At the Gastech Exhibition and Conference in Milan, Baker Hughes unveiled a plan to allocate around €300 million over the next five years to upgrading and expanding its facilities and plants in Italy. The initiative is intended to address the growing global demand for the company’s technology solutions that promote safe, reliable, and sustainable energy production. This commitment represents one of Baker Hughes’ most significant recent investments in Italy. It is designed to reinforce production infrastructure, boost overall manufacturing capacity, and speed up the development of advanced technologies, including turbine compressors for use in data centers, liquified natural gas (LNG),…
The Egyptian Natural Gas Holding Company (EGAS) awarded nine new natural gas exploration blocks and finalized six new agreements with total investments of approximately $479 million during fiscal year (FY) 2024/25, according to the company’s chairman and Managing Director, Mahmoud Abdelhamid. He revealed these figures during the EGAS general assembly meeting, chaired by Karim Badawi, the Minister of Petroleum and Mineral Resources. The chairman pointed out that several seismic survey programs have been completed in various exploration and prospecting areas by the company. Badawi emphasized the importance of these surveys, which serve as an incentive for companies interested in working in…
Representing Egypt’s petroleum sector at the Global African Hydrogen Summit in Namibia, Yasseen Mohamed, First Undersecretary of the Ministry of Petroleum and Mineral Resources, said in a panel discussion that Egypt is committed to supporting green hydrogen initiatives as a cornerstone of its energy transition strategy and climate change mitigation efforts. He pointed out that the country’s geographical location, infrastructure, and expertise make it a pivotal partner in the efforts to transition to clean energy. Mohamed also presented Egypt’s vision on Africa’s Green Hydrogen potential, adding that regional integration and international cooperation are both crucial for strengthening Africa’s position as…
The International Energy Agency (IEA) forecasted a rise in global oil production by 2.7 million barrels per day (mmbl/d), to record 105.8 mmbl/d in 2025, as a reflection of the OPEC+ decision to ease back its earlier oil production cuts. According to report, IEA also expects production to rise by 2.1 mmbl/d, reaching 107.9 mm/d in 2026. It noted that the supply in August moved up slightly to 106.9 mmbl/d. Additionally, the report anticipated an increase in global demand by 740,000 barrels per day (bbl/d) in 2025. IEA stated that refinery crude output increased by 400,000 bbl/d to reach 85.1…
On the sidelines of the Gastech Exhibition and Conference 2025 in Milan, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings with the heads of major international energy companies. The discussions were part of Egypt’s efforts to support its position as a regional energy hub and attract more foreign investment. The Minister met with Patrick Pouyanné, Chairman and CEO of TotalEnergies to discuss cooperation in exploration and production projects in natural gas and new energy activities. They also explored opportunities for injecting new investments to leverage Egypt’s advanced energy infrastructure. The Minister further met with Musabbeh…
Woodside Energy Trading Singapore Ltd and PETRONAS LNG, a subsidiary of Petroliam Nasional Berhad (PETRONAS), have signed a fully termed sale and purchase agreement (SPA) for the delivery of 1 million tons per annum (Mtpa) of liquified natural gas (LNG) to Malaysia starting in 2028, for 15 years. The agreement converts the non-binding Heads of Agreement (HOA) reached in June 2025 into a binding contract, highlighting both companies’ commitment to strengthening collaboration across the LNG value chain. Based upon the agreement, LNG will be supplied from Woodside’s global portfolio, potentially including volumes from its newly sanctioned Louisiana LNG project in…