ESG. It’s an acronym we are all familiar with now, but does that mean that it’s an entirely new concept? Of course not, but there’s no denying that it has moved its way up the agenda with considerable speed, particularly as the energy transition becomes a part of our daily lives.
China’s newest oil refiners are thriving by aligning themselves with President Xi Jinping’s vision, expanding even as their older rivals and several other private businesses have been reined in by Beijing.
The past 15 months or so have been difficult for many industry sectors – and energy has been no exception.
As companies across virtually all sectors try to latch on to the sustainability bandwagon, some investors are sounding the alarm.
Jack-up barges currently used in oil and gas operations could soon be refitted and deployed off the coast of Scotland to service fish farms.
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.
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.
People questioning the oil and gas industry’s sustainability is not a new phenomenon. Far from it. For years oil companies, governments, investors and other stakeholders have questioned the sustainability of the industry and the need to address environmental, social and governance issues (ESG).
Ocean Infinity Group has announced the launch of its Armada project, which aims to cut emissions for survey work through the use of unmanned vessels.