DNG launches LNG fuel trial in South Africa
DNG Energy will work with Imperial Logistics to examine the use of LNG as a diesel alternative in South Africa.
ESG
Reuters Events: Commodities Trading 2021
Covid 19 has led to unprecedented market volatility and changing consumer demands. This coupled with digital transformation, energy transition and an intense geopolitical landscape. 2021 changed the face of the industry forever
Seplat appoints ex-Puma CEO to board amid power move
Seplat Energy has appointed Emma FitzGerald as a non-executive director, who has previously worked at Shell and Puma Energy.
ExxonMobil: Wealth manager ‘sceptical’ on crediting Engine No.1 for oil giant’s performance
A wealth management firm has said it is “sceptical” that Engine No.1 can take “all of the credit” for the share price performance of ExxonMobil.
Petronas regrets exclusion from JPMorgan’s ESG indices
Petronas said yesterday that JPMorgan’s decision to exclude the Malaysian national oil company from its ESG Emerging Market Bond Index and ESG Asia Credit Index at the end of June 2021 is regrettable.
JPMorgan to exclude Petronas, Pertamina from bond index on ESG worries
Malaysian national energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s emerging market bond index (EMBI) on environmental social governance (ESG) concerns, reported Reuters, citing a statement from the bank.
African financing faces mounting challenges
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing with an eye on filling this gap.
McDade launches Afentra with eye on African acquisitions
Former Tullow Oil executives have launched their Afentra venture, focused on production up and down West Africa.
The emerging threat of securities litigation against energy companies
Securities litigation, long a prominent – and expensive – feature of jurisdictions such as the US, is increasingly emerging as a threat within the English litigation landscape.
Wentworth ups dividend, seeks new opportunities
AIM-listed Wentworth Resources’ production dipped in 2020, but revenue was largely flat and the company has upped its dividend.
Energean targets two years to transformation
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
Vitol sees shift from oil to power
Trader Vitol sees its future in lying in the power sector, in a marked shift away from its oil roots.
Neptune Energy among the best for ESG and credit ratings, according to research body
Neptune Energy has been ranked among the best exploration and production (E&P) firms for environment, social and governance (ESG) and credit ratings.
Climate crisis: Investors weigh up impact on oil and gas
As oil and gas faces a rise in climate activism, ESG concerns, and the need to raise its own profile as a pillar of the energy transition, investors are weighing the impact.
Now more than ever, business leaders must get ESG reporting right
Recently I was briefing one of my fellow colleagues at KPMG ahead of a meeting with a Government Minister. He asked me about ESG reporting and as I marshalled my thoughts it came home to me just how critical reporting really is to progressing this agenda.
Energy transition must be equitable for Africa
Tackling Africa’s energy access problems requires those involved to think of the entire system, rather than focusing simply on renewables.
Big oil’s ‘problematic’ ESG claims alienate some investors
As companies across virtually all sectors try to latch on to the sustainability bandwagon, some investors are sounding the alarm.
NOCs talk up ESG, attractiveness amid industry pressure
NOCs are not immune from the challenges posed by changing attitudes to energy, driving shifts to enter new business areas and operate more efficiently.
BlackRock takes GasLog off the market
BlackRock’s Global Energy & Power Infrastructure (GEPIF) will acquire all publically held shares of GasLog, taking the LNG carrier private.
2020 a most productive and unusual year for electrolyser maker ITM
Concerns about the UK’s ability to make the most of the energy transition’s enormous economic opportunities are well founded.
ESG as differentiator for SDX, rather than greenwash
SDX Energy is working on the implementation of an ESG strategy, which can do good while also acting as a differentiator from its peers.
Wood hires ‘sustainable development powerhouse’ behind UN initiative
Aberdeen-headquartered Wood has announced the hire of “sustainable development powerhouse” Ann Rosenberg to help the firm drive its environmental ambitions.
Russian sustainability scores rise, but climate goal still lags
A disconnect between Russia’s climate policies and the sustainability ratings of some of its biggest companies highlights the challenges investors face in assessing environmental, social and governance performance.
Norway considers taking more activist role in future of Equinor
The largest political party in Norway is arguing that the state should take a more activist role in Equinor, sparking debate on how it will use its two-thirds stake in the oil giant going forward.
Britain’s business chiefs can lead from the front on climate change and sustainability
As the UK prepares for a potential second national lockdown, it’s forgivable that some people might argue ‘now is not the time’ to address climate change and the wider ESG agenda. In my view, the challenges we’ve all faced over the last year reinforce the need for the business community to take action right now and lead from the front.