BP has announced that, following an in-depth review examining the alignment of the climate-related policies and activities of trade associations with BP’s positions, it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers […]
An ambitious collaborative digitalisation project which aims to help the UK oil and gas industry save millions has taken a significant step forward with the first meeting of its steering group committee in Aberdeen last […]
In a recent commentary, Sara Budinis, Energy Analyst with the International Energy Agency (IEA), defines “net zero” or “carbon neutrality” saying, “…that any CO2 released into the atmosphere from human activity is balanced by an […]
Valaris plc has issued its quarterly Fleet Status Report that provides the current status of the company’s fleet of offshore drilling rigs along with certain asset contract information. New contracts since the October 25, 2019 […]
The upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process. The acquisition of Anadarko Petroleum by Occidental […]
Day two of Baker Hughes’ annual meeting in Florence, Italy, explored a number of technologies that are already transforming how the oil and gas industry is moving into the future. First off was Tom Siebel, […]
BP has announced that Tufan Erginbilgic, chief executive of BP’s Downstream segment, has decided to leave the company at the end of March 2020. Tufan Erginbilgic has been BP’s Downstream chief executive and a member […]
Growing concerns from US and European investors and regulators over the sustainability of integrated oil and gas companies’ business models have brought forward their potential impact on the sector’s credit quality to the medium from […]
Deal activity in 2019 has largely revolved around the need to improve company finances and reduce debt. It drove multinational oil and gas companies, such as ExxonMobil, ConocoPhillips, and Chevron, to review their global operations […]
The Arctic continental shelf is estimated to hold vast deposits of hydrocarbons and rare earth minerals. Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic region. Warming temperatures […]
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