Lundin Energy sells first ‘certified carbon neutrally produced oil’ product
Independent exploration and production company Lundin Energy claims to have sold the ‘world’s first certified carbon neutrally produced oil’ product.
Independent exploration and production company Lundin Energy claims to have sold the ‘world’s first certified carbon neutrally produced oil’ product.
International Petroleum Industry Environmental Conservation (IPIECA), in collaboration with the World Business Council for Sustainable...
The Snorre is a giant oil and gas field located in blocks 34 / 4 and 34 / 7, approximately...
Holidays, commutes, and even short-distance journeys would contribute to oil product consumption, so all arms of the industry hope for...
A new global report from the International SOS Foundation and Affinity Health at Work has unveiled the impacts of the...
Companies in the oil and gas sector with the largest completed acquisitions in the last year
| Acquisition | Deal value ($bn) |
|---|---|
| ConocoPhillips acquired Concho Resources Inc on 19/10/2020 | 13.3 |
| Chevron Corp acquired Noble Energy Inc on 20/07/2020 | 13.0 |
| Brookfield Asset Management Inc acquired ADNOC Gas Pipeline Assets LLC on 23/06/2020 | 10.1 |
Oman’s state-owned energy company OQ SAOC is reportedly planning to sell its assets to finance its $7.9bn investment plan over…
Aker BP has posted a net profit of $127m for the first quarter of 2021 compared with a net loss…
Saudi Aramco has reportedly revived negotiations to acquire 20% stake in India-based Reliance Industries Limited's (RIL) oil refining and petrochemical…
Seadrill has received a new four-year contract for the West Saturn drillship from Equinor Brasil Energia for work on the…
The European Union (EU) plans to revise their energy taxation rules by Summer 2021 to achieve net zero emissions by 2050.
The US was among the 196 signatory countries of the Paris Climate Agreement in 2015. However, in 2017 Donald Trump, the former President of the...
Upstream oil and gas companies are responsible for significant Greenhouse Gas (GHG) emissions and are some of the largest carbon-emitting companies globally.
There has been a strong start for carbon pricing initiatives in 2021. These include developments in major carbon-emitting countries such as China and some producers...
Surviving the current downturn will require oil and gas companies to adapt. While the pandemic will relent, sustainability pressures will not.
Within the different components of the energy transition, the replacement of internal combustion engine cars by alternative-fuel vehicles appears to be inevitable.
Information analytics company Elsevier has announced the integration of MapStand data layers and news into Geofacets, its information solution for geoscience professionals in the oil...
The Baker Hughes Annual Meeting brought together industry leaders to look at innovations of the past year and their future potential.
Expert Commentary & Analysis
View MoreBW Offshore secures EPCI and operation contract for Barossa FPSO in Australia
Oil and gas contract activity in Q1 2021 witnessed a decrease in the number of contracts while the contract value has seen an increase. The notable contracts include BW Offshore’s…
Russia and China lead global small-scale LNG liquefaction capacity additions by 2025
GlobalData’s latest report, “Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook, 2021–2025 – Russia and China Lead Global Capacity Additions” indicates that global small-scale liquefied natural gas (LNG) liquefaction…
Chinese firm to develop Iraq gas field
Beijing-based China Petroleum & Chemical Corporation (Sinopec) has won a contract to develop Iraq's Mansuriya gas field near the Iranian border, according to a statement from the country’s Oil Ministry.…
GlobalData poll shows divided response on EU’s carbon border tax move
On March 10, 2021, the European Parliament passed a resolution with an overwhelming majority for creating a carbon border tax, with 444 votes in favor, and 70 votes against it.…