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TECH 18 Oct 2016 | 12:00 AM

Oil majors experiment with technology to weather crisis

Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn.

TECH 04 May 2018 | 7:14 AM

In US Gulf, robots, drones take on dangerous offshore oil work

At BP's massive Thunder Horse oil platform in the US Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor.

TECH 05 Aug 2016 | 9:19 AM

As Yahoo Messenger shuts down, oil traders bid a fond farewell

As European and American markets open on Aug 5, oil traders face a new era with Yahoo Messenger, the main tool used by traders to communicate since the late 1990s, shutting down.

TECH 07 Nov 2016 | 10:22 AM

Big Oil pledges US$1bil for gas technologies to fight climate change

Some of the world's biggest oil companies, including Saudi Aramco and Royal Dutch Shell, pledged to invest US$1bil (RM4.21bil) to develop climate-friendly technologies as a global deal to wean the world off oil came into force.

TECH 28 Jul 2016 | 6:30 AM

Bytes and barrels: the origins of oil traders' love of Yahoo

For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for US$4.8bil (RM19.44bil) does not matter all that much.

TECH 01 Jun 2016 | 4:32 AM

Dismay in oil Twitterverse upon popular US crude trader's exit

Oil traders keep a low profile. So when one of the most widely followed oil traders on Twitter abruptly closed his account last week, the outpouring of dismay among his thousands of followers was rare for the secretive multi-trillion-dollar industry.

Uber 14 Aug 2018 | 8:30 AM

Saudi puts is money on tech as it prepares for life after oil

The world’s biggest crude exporter is future-proofing itself against oil’s decline by investing in futuristic technologies.

TECH 20 May 2015 | 7:30 AM

Cyberattacks targeting oil sector: researchers

A series of cyberattacks has been targeting the oil and gas sector in what appears to be an effective variant of the so-called Nigerian e-mail scam, security researchers said.

TECH 29 Dec 2017 | 7:09 AM

Venezuela oil-backed cryptocurrency to launch in days

Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth US$267bil (RMtril), in a bid to offset a deep financial crisis, the socialist government said.