Tag: NoC
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2026 Budget Aims to Reverse Oil Production Slide with $3.5B in New Investments
Overview: A clear pivot to revive oil output The government has outlined a proactive budget plan designed to halt a half-decade decline in the country’s oil production. Central to the strategy is more than US$3.5 billion in fresh investment commitments, aimed at accelerating exploration, development, and offshore drilling through the national oil company (NOC). Officials…
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Budget 2026: Gov’t Moves to Reverse Oil Slide with $3.5B in New Investments
Overview The government’s 2026 Budget signals a decisive pivot in the country’s oil strategy as officials unveil more than US$3.5 billion in new investment commitments. This push aims to arrest a near five-year slide in oil production and lay the groundwork for a renewed trajectory of stability and growth in the sector. With the national…
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2026 Budget: Reversing Oil Decline with $3.5B Investment
Overview: A Budget Aimed at Reversing a Long Oil Slide The 2026 budget marks a decisive shift in energy policy as the government earmarks more than USD 3.5 billion in new investments to halt the country’s multi-year decline in oil production. With the national oil company (NOC) positioned to kick off offshore drilling later this…
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The AI Boom Drives a Breakneck Push in Chip Networking
AI’s Demand Powers a Breakneck Race in Chip Networking The race to build faster, more energy-efficient AI data centers is reshaping the backbone of modern tech: chip networking. As artificial intelligence models grow in size and complexity, the demand for rapid, reliable data movement between processors, memory, and accelerators has never been higher. The result…