Fossil-fuel financing poses growing risks to biggest banks
The steady flow of financing to fossil-fuel companies is posing increasing risks for banks around the world.
ESG
ESG: delivering ‘proper and measurable stewardship’
Climate change and energy transition, shifting from a linear to a circular economy, rising inequality, balancing economic needs with those of society – 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.
EIG buys into Repsol Upstream for $5bn
Investment group EIG is buying a 25% stake in Repsol’s upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
Emissions versus development debate threatens EACOP
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).
Japan signals African energy support at Tunis meeting
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
Capricorn investor slates Tullow merger plan
An investor in Capricorn Energy has expressed its opposition to the company’s merger plan, describing it as one sided in favour of Tullow Oil.
Neptune Energy wins ‘gold medal’ in ESG rankings
Neptune Energy has been named in the top 5% of 95,000 companies globally for its ESG performance.
Inflated expectations? Investors unwind ESG hype cycle
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.
Medco Energi eyes more acquisitions in Southeast Asia, ESG in focus
Indonesia’s 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 M&A in APAC: ESG worries and Woodside-BHP deal see more assets up for sale
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.
The Not-So-Dirty Dozen: Key North Sea hubs still producing in 2032
There are several hubs around the North Sea which will still be producing in a decade’s time – but 12 of these will be “key” thanks to their production upsides and emissions intensity, according to new research.
US states take aim at “woke” financing
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.
Riddoch stands Sentinel on environmental protection
“What keeps you up at night?” is the question that North Sea veteran Ray Riddoch recalls being asked by industry regulators.
Neptune Energy commended for ESG efforts
North Sea operator Neptune Energy has received recognition for its strong environmental, social and governance (ESG) performance and strategy.
ESG uncertainty continues to disrupt industry M&A
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
Picking and choosing investment opportunities
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.
How ESG, and the wider energy industry, is being challenged by Russia’s invasion of Ukraine
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russia’s 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.
Chariot, Total Eren team up on solar power in South Africa
Total Eren and Chariot have signed a memorandum of understanding (MoU) to provide solar power to the Tharisa mine.
Three-quarters of energy firms looking to make a deal in 2022
A new report from law firm CMS finds that 75% of energy companies are considering an acquisition and/or divestment this year, as European energy M&A sees its strongest performance in 15 years.
Tech-enabled finance and HR solutions in demand in the energy sector
For many, the Covid pandemic has been a catalyst to press re-set on everything from our social values to health, well-being and sustainability.
What is the ideal low carbon energy mix? More questions than answers
Every country is trying to figure out how to create a secure, clean and affordable energy system. So what’s the ideal low carbon energy mix for the UK?
Europe seeks green label for certain gas and nuclear projects
The European Union is planning to allow some natural-gas and nuclear energy projects to be classified as sustainable investments in a proposal that sparked immediate criticism from the Greens.
Time to detox?
So, unlike the majority of turkeys, you’ve survived another Christmas of excess; and thoughts are probably returning to those same old clichés and noble ideals.
Reporting ESG Goals: Affordable, Clean Energy – Your Quick Reference eGuide
Now more than ever – in terms of cost and the impact on the environment and ESG reporting – energy management is important to your organisation.
Frontier calls for energy progression, over energy transition
A blanket policy of renewables at the expense of hydrocarbons is “holding back Africa’s development potential”, a white paper from Frontier has warned.