Business

How AI and big data could save oil and gas companies from crises

RUDN University economist and colleagues analyzed data from the largest oil and gas companies in Russia during the economic crises of 2020 and 2022 and proposed an algorithm that would increase the sustainability of the industry. ...

Business

Honeywell to pay $160 mn to settle US, Brazil bribe case

US industrial giant Honeywell will pay $160 million to settle criminal and civil probes in Brazil and the United States over bribes in order to win business from two national oil companies, the government said Monday.

Business

Incentives not a guarantee of more US-made semiconductors

A $52 billion federal package to incentivize U.S. production of semiconductor chips has energized the high-tech sector, but operations experts aren't convinced it will be the end to dramatic shortages that have created pain ...

Security

Saudi Aramco facing $50M cyber extortion over leaked data

Saudi Arabia's state oil giant acknowledged Wednesday that leaked data from the company—files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand—likely came from one of its contractors.

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