Fitch warns states will shoulder future decom burden
It cited analysis by Boston Consulting Group stating that by 2038 there would be 1,000 offshore structures in the Arabian Gulf that would no longer be economically viable.
It cited analysis by Boston Consulting Group stating that by 2038 there would be 1,000 offshore structures in the Arabian Gulf that would no longer be economically viable.
Posco International is one of the last foreign companies with a significant stake in Myanmarโs oil and gas sector, despite the industryโs ties to a military regime that has been widely condemned for violations of human rights.
The North Sea oil and gas sector needs investment to fund its transition. Having ESG reporting in order is a crucial part to attract financing โ Joanne Edgeler, head of licensee governance and ESG at the North Sea Transition Authority (NSTA), explains why.
Major European banks must do more to tackle the climate crisis, cut emissions and safeguard the world's vital natural systems, campaigners have warned.
Failing to meet diversity and inclusion (D&I) targets could see oil firmsโ access to funding being cut, the North Seaโs largest producer has warned.
Companies active in the energy sector would not be blamed for losing sight of their ESG strategy in 2022; the energy industryโs pre-COP 26 focus on climate-change action has been somewhat superseded by the race to balance the energy transition with security and affordability of supply.
Should ESG investors give the oil and gas sector a second look? Thatโs certainly the opinion of a panel at this weekโs Energy Intelligence Forum.
The steady flow of financing to fossil-fuel companies is posing increasing risks for banks around the world.
Climate change and energy transition, shifting from a linear to a circular economy, rising inequality, balancing economic needs with those of society โ these are the unprecedented global challenges we all face. Investors, banks, regulators, as well as consumers and employees, are scrutinising businesses like never before and demanding that we address these challenges.
Investment group EIG is buying a 25% stake in Repsolโs upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
Oil companies and environmentalist activists see the same world in wholly differing ways. Rarely is this divide as stark as in discussions around the East African Crude Oil Pipeline (EACOP).
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
An investor in Capricorn Energy has expressed its opposition to the companyโs merger plan, describing it as one sided in favour of Tullow Oil.
Neptune Energy has been named in the top 5% of 95,000 companies globally for its ESG performance.
It is a strange time for the oil and gas sector. On the one hand, after years of price weakness, the money is rolling in again as the war in Ukraine and post-Covid disruptions keep prices high.
Indonesiaโs Medco Energi (IDX:MEDC) is on the lookout for more merger and acquisition (M&A) opportunities in Southeast Asia after successfully buying ConocoPhillips Indonesian assets in a $1.355 billion deal struck last year.
More merger and acquisition (M&A) opportunities are expected to hit the market in Asia Pacific, as international oil companies (IOCs) continue to rationalise their portfolios, and ESG concerns trigger further divestments. This will help to unlock the deal flow in APAC, but potential acquirers could struggle to secure necessary finance without a strong ESG narrative.
There are several hubs around the North Sea which will still be producing in a decadeโs time โ but 12 of these will be โkeyโ thanks to their production upsides and emissions intensity, according to new research.
Ask an oil company what the problem with the industry is these days and high up on the list will be complaints about a shortage of financing. People point the finger of blame at a variety of related factors such as a new craze for ESG, environmentalists, the government and the left.
โWhat keeps you up at night?โ is the question that North Sea veteran Ray Riddoch recalls being asked by industry regulators.
North Sea operator Neptune Energy has received recognition for its strong environmental, social and governance (ESG) performance and strategy.
High energy prices have revived interest in Africaโs oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
Following a tumultuous two years since the first Covid-19 lockdown in the UK, the now much-changed energy sector remains an attractive proposition for both global investors and trade players. Many of these are looking to get ahead of the curve of the much publicised transition to sustainable energy sources.
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russiaโs invasion of Ukraine, nowhere more so than in the energy sector, where companies have been forced by events to exit Russia abruptly and energy prices have soared to record levels.
Total Eren and Chariot have signed a memorandum of understanding (MoU) to provide solar power to the Tharisa mine.