Daily Newsletter

24 August 2023

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Daily Newsletter

24 August 2023

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Spotlight

Russia’s Gazprom Neft announces Q2 results, net profits fall by 43%

After a year of not publishing financial results, Gazprom Neft has announced a net profit fall in its second quarter.

Latest news

Saudi Aramco formally withdraws McDermott contracts worth $1.8bn

Withdrawal from the deals stems from McDermott’s inability to provide the performance bank guarantees required by Aramco.

24 August 2023

Shell looks to divest Bukom oil refinery in Singapore

Some of the companies considering purchasing the refinery are reportedly China’s Sinopec, as well as global trading companies Vitol and Trafigura.

24 August 2023

QatarEnergy awards $560m contract to Técnicas Reunidas

Técnicas will install pipelines and other components for the LNG Offplot facilities for the North Field South Project.

24 August 2023

Equinor selects DeepOcean and Ocean Installer for work on NCS

The awards cover the Troll B platform, the Northern Lights CO₂ Pipeline, Visund, Vigdis and Åsgard fields.

24 August 2023

EQT buys upstream and midstream assets in Appalachia, US

The final deal consideration is about $2.4bn in cash and 49.6 million EQT common stock shares, after purchase price adjustments.

24 August 2023

UHL and H2i unveil hydrogen injection kits for diesel engines

H2i has manufactured ten commercially ready hydrogen injection kits, which can be used within current diesel-powered combustion engines.

24 August 2023

‘We’re a world that’s built on fossil fuels and emissions are our enemy’: Carbon Engineering talks direct air capture

As companies and governments tighten their decarbonisation strategies, how dependent might the world become on large-scale carbon removal technologies?

24 August 2023

ESG 2.0 will be less forgiving of poor ESG performers, especially on environmental issues

While ESG 1.0 was driven by voluntary corporate action, ESG 2.0 is being driven by a new wave of government policies. A host of new environmental laws are in the pipeline, relating to mandatory reporting, carbon pricing, and carbon import tariffs, as well as more state support and investment in clean energy technologies. Companies unprepared for ESG 2.0 face higher costs and lost sales.