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OMV reports a 25% boost in project value through a groundbreaking AI partnership with Stanford and TerraAI. Focused on optimizing Carbon Capture and Storage (CCS) in Norway, the analytical AI tool allows engineers to explore millions of geological scenarios in real-time, drastically reducing development timelines and subsurface risks.
Eni has agreed to divest a 49.99% interest in Eni CCUS Holding to Global Infrastructure Partners, a subsidiary of BlackRock. Upon completion of the transaction, pending regulatory approvals, both companies will share control of the business.