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Latest news about Oil and gas Industries-28.11.25
On November 26, 2025 Based on a warning from Carlyle Group's Jeff Currie, the massive spending by Big Tech on artificial intelligence is being compared to the excessive investment during the shale boom, which ended in a price crash that wiped out trillions in equity. Currie notes that both energy and technology are fundamental pillars of the economy, and the current tech spending, which has reached levels similar to the energy industry at its peak, should raise significant concerns.
The investment is heavily focused on chips and data centers, with AI computing power being priced in dollars per hour, analogous to oil priced per barrel. Currie highlights that the confidence in future AI prices mirrors the overconfidence shale producers had in high oil prices, leading them to spend beyond their cash flow. The financial structures being used, including special-purpose vehicles for data centers, are reminiscent of the shale industry's playbook, pointing to a similar "land grab" mentality that preceded a major downturn.
Visit:-https://worldoil.com/news/2025/11/26/ai-spending-boom-mirrors-early-shale-era-growth-at-all-costs-says-carlyle-group/
On November 26, 2025 ADNOC Gas signed a 20-year agreement, valued between $3.5 billion and $4.2 billion, to supply lower-carbon natural gas to EMSTEEL, a major UAE steel manufacturer. Effective from January 2027, this contract secures long-term feedstock for EMSTEEL's operations while expanding ADNOC Gas's stable revenue portfolio.
The partnership reinforces both companies' roles as national champions and supports the UAE's strategic objective of strengthening domestic industrial capacity with cleaner energy. The supplied gas will enable EMSTEEL to scale its production, advance its green-steel initiatives, and improve operational efficiency, thereby boosting the country's industrial growth and economic resilience.
Visit: https://worldoil.com/news/2025/11/26/adnoc-gas-seals-4-billion-20-year-natural-gas-supply-deal-with-emsteel/
On November 25, 2025, PipeSense entered the Canadian pipeline market through an exclusive nationwide agency agreement with Monitor Emissions Inc., an Indigenous-owned inspection company. This partnership grants Monitor Emissions exclusive rights to represent PipeSense's advanced suite of leak detection, pig tracking, and hydrotesting technologies across all Canadian provinces and territories.
The agreement enables PipeSense to bring its proprietary technologies, which use ultra-high-frequency pressure sampling and AI, to address the specific challenges faced by Canadian pipeline operators. This collaboration, which also deepens Monitor Emissions' existing work with Sundown Oilfield Services, aims to modernize emissions oversight and enhance efficiency across Canada's pipeline infrastructure.
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