November 15, 2023
(Bloomberg) — ExxonMobil Corp. cautioned that branding the oil industry as “villains” and attempting to limit the supply of fossil fuels will impede progress toward achieving net zero emissions, potentially perpetuating poverty for millions in the developing world.
Petronas, PetroVietnam to collaborate on upstream, renewable energy, and decarbonization initiatives
November 15, 2023
(WO) — Petronas has signed an agreement with Vietnam Oil and Gas Group (PetroVietnam) to explore potential collaboration opportunities in the upstream, renewable energy, gas, and downstream sectors in Vietnam.
Texas launches investigation into big banks over potential violations of state oil, gas anti-boycott laws
October 18, 2023
Texas Attorney General Ken Paxton’s office said it’s reviewing whether 10 financial companies, including Bank of America Corp. and JPMorgan Chase & Co., violate a Republican-backed state law that punishes firms for restricting their work with the oil and gas industry because of climate change concerns.
October 09, 2023
Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian basin.
October 05, 2023
Sawan, who took over as CEO from Ben van Beurden earlier this year, has said that Shell must undergo a “fundamental culture shift” to regain investor confidence. He has also stated that the company needs a “ruthless” focus on capital allocation and should only invest in low-carbon operations that have a clear pathway to profitability.
The extension of the operational lives of deepwater SCRs offers significant benefits in terms of increased production, cost-effectiveness and alignment with ESG principles.
Deepwater technology: No fatigue life remaining: Novel approaches for deepwater steel catenary production riser life extension to benefit ESG
August 31, 2023
Since first installed on Shell's Auger platform in 1994, deepwater steel catenary production risers (SCRs) have been an integral part of offshore oil and gas production facilities. In nearly three decades, hundreds of SCRs have been deployed throughout the industry, as they have proved to be cost-effective and highly reliable.
August 30, 2023
The platinum medal award – the highest rating available from EcoVadis – follows Neptune’s best ESG rating by Sustainalytics in April this year.
July 19, 2023
Nasser has led the world’s biggest oil producer since 2015, including overseeing its public listing, and provides BlackRock with “a unique perspective” on key issues facing the company and its clients, CEO Larry Fink said Monday in an emailed statement.
May 11, 2023
According to a co-published report, the stand-out consideration within the awkward ESG troika is governance (G). ‘E’ and ‘S’ create both risks and opportunities for organizations and those that invest in, or work for, them, while ‘G’ issues get to the heart of how opportunities are identified and risks are managed.
May 09, 2023
Neptune’s industry-leading rating of 21.4 was awarded in recognition of its enhanced disclosure and performance across a range of areas including greenhouse gas risk management, equality, diversity and inclusion and community involvement.
April 06, 2023
According to a recent study by Inmarsat, a world leader in global, mobile satellite communications, 35% of oil and gas firms are currently using internal environmental, social and governance-focused data to proactively engage with investors on the topic of sustainability.
March 01, 2023
Neptune Energy has signed up for the Extractive Industries Transparency Initiative, which is designed to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources.
In its study of ESG disclosures released in mid-December, the UK North Sea Transition Authority finds that reporting by companies is on a positive trajectory, with continued focus on the ‘E’ of ESG. However, data remain scattered and often difficult to find across several reports issued by each company.
February 24, 2023
Three separate fires at Petroleos Mexicanos facilities on Thursday left at least eight people injured and several missing, putting the Mexican state oil company’s safety record under scrutiny ahead of its earnings call on Monday.
February 13, 2023
Global investments in the clean energy transition hit $1.1 trillion in 2022, equaling for the first time the amount invested in fossil fuel production. The shift is raising alarm among top tier oil executives, who’ve rushed in recent weeks to argue that more should be invested in fossil fuels because they’ll be needed for years to come.