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.
January 18, 2023
Harbour Energy, the North Sea's biggest oil and gas producer, has told staff it plans job cuts, linked to the windfall tax imposed on the UK sector last year. The jobs would be cut in Harbour Energy's headquarters in Aberdeen.
Texas Public Policy Foundation praises Kentucky Treasurer for fighting against discriminatory investing
January 09, 2023
By pulling state funds from investment funds that boycott fossil fuel companies at the expense of investors, Kentucky joins other states which are standing up to "woke" investment strategies.
December 16, 2022
Texas is leading the fight to halt ESG practices, a “woke” investment strategy that places a priority on subjective environmental and social metrics instead of financial metrics that ensure quality returns for investors.
December 16, 2022
Along with several measures to increase efficiency and recovery, these development projects will enable Aker BP's oil and gas production to grow from around 400,000bpd in 2022 to around 525,000bbl in 2028.
Strohm enhances Thermoplastic Composite Pipe operations with $30.86 million funding round with investors
December 15, 2022
The investment includes a $10.64 million commitment made by ING Corporate Investments. The deal also includes a further $5.32 million co-investment from existing shareholders Shell Ventures, Chevron Technology Ventures, Evonik Venture Capital and HydrogenOne Capital Growth Plc (HydrogenOne).
December 12, 2022
Siemens Energy improved in almost all areas of sustainability this past year, as reflected in its fiscal year 2022 Sustainability Report.
December 08, 2022
The US oil operator said Wednesday it will spend $17 billion in 2023 with the Permian Basin accounting for $4 billion of the total spend. This decision comes after U.S. President Joe Biden called on the US energy industry to reinvest more profits in production.
IA helps by driving innovation, filling some skills gaps for engineers, and enhancing data usage and operational efficiency.
The issue today is not so much the what, but who controls energy, and who benefits from energy policy. The battle in the fossil fuel industry is not technical nor resource-bound, but about dominating ideology.
November 14, 2022
Chevron Corp. company sees potential for geological formations such as those at its Gorgon liquefied natural gas facility in Western Australia to be used for storage of third-party emissions from Asia.
October 06, 2022
The National Ocean Industries Association has named Vallourec as the winner of the inaugural NOIA Environmental, Social, & Governance Excellence Award.
October 05, 2022
Speaking at the Energy Intelligence Forum, ADNOC CEO H.E. Dr. Al Jaber said market sentiment does not reflect the real underlying fundamentals, tight spare capacity and long-term demand growth.
Ways to Increase ESG through new Flaring and Fracturing Technology
October 13, 2022
SICK, Catalyst Energy Services and GD Energy Products
During this 60-minutes workshop, we will discuss the following: 1) "Everything You Need to Know about Flaring in 2022", presented by TJ McIntrye, Upstream Account Director and Irvin Schwartzenburg, Applications Engineer for Flow Products from SICK. 2) "Eco-Conscious Hydraulic Fracturing Has Arrived", presented by Seth Moore, Co-founder, Executive Vice President & Chief Operating Officer from Catalyst Energy Services and Tony McLain, Vice President of Sales from GD Energy Products.
September 21, 2022
In what appeared to be a very deliberate attempt to inject some reality into the headlong rush toward renewables, Saudi Aramco President and CEO Amin Nasser cautioned the energy industry about making bad choices.
September 19, 2022
Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs Group Inc, HSBC Holdings Plc and SNB Capital to manage its IPO in Riyadh, seeking to join a steady stream of Gulf firms tapping equity markets.
ESG initiatives are firmly entrenched in the industry because shareholders, regulators and investors are making them nearly mandatory for oil and gas operations. How companies view shifting environmental expectations, and how they respond to regulatory requirements, will have a major impact on their future success.