Investment

Investment , Energy Transition

MacArthur Foundation Joins Investment Shift Away Fossil Fuels

MacArthur President John Palfrey said it would switch its equity exposure to indexes that exclude companies with fossil fuel reserves.

September 23, 2021

Investment , Energy Transition

Several Major Companies Join Bill Gates-backed Clean Energy Program

American Airlines said in a statement it has invested $100 million. The program will initially focus on four key areas: direct air capture, green hydrogen, long-duration energy storage and sustainable aviation fuel.

September 21, 2021

Investment , Emissions , Energy Transition , Technology

Exxon Mobil’s Carbon Capture Megaproject in Houston Draws Support from Chevron, Others

Exxon Mobil unveiled that a slew of companies including Chevron, NRG Energy, Phillips 66 and more have all began discussing plans to support its carbon capture and storage plans in Houston.

September 17, 2021

Investment , Energy Transition

Where is the Money? Climate Finance Shortfall Threatens Global Warming Goals

With budgets worldwide squeezed by the COVID-19 crisis, national pledges to cut emissions so far are inadequate.

September 17, 2021

Investment , Acquisitions & Divestitures

New Oil and Gas Royalties Firm Forms with $500 Million Commitment

Sierra Energy, a new mineral and royalty acquisitions company formed through a partnership between Providence Energy and Oaktree Capital Management, will target opportunities throughout the continental U.S.

September 14, 2021

Public Capital , Private Equity , Investment , Shale Plays

As Oil-Well Backlog Shrinks, US Shale May Upset Investors and Drill More

U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging.

September 14, 2021

Investment , Markets

Vaccines Set to Unleash Pent-up Oil Demand, IEA Says

The IEA forecast a robust rebound in the market from the fourth quarter of the year citing "strong pent-up demand and continued progress in vaccination programs."

September 14, 2021

Investment , Policy & Regulations , Energy Transition

Harvard University Pledges to End Investment in Fossil Fuels

Harvard President Lawrence Bacow said the school’s endowment had no direct investments in fossil fuel exploration or development companies as of June and will not make such investments in the future.

September 10, 2021

Investment , Drilling , Transactions

US Driller Helmerich & Payne to Invest in ADNOC Drilling IPO

Additionally, ADNOC Drilling will acquire eight land rigs from Helmerich & Payne as part of the strategic alliance.

September 8, 2021

Investment , Exploration & Production

Total Signs $27 Billion Deal with Iraq for Energy Projects

Iraqi oil minister Ihsan Abdul Jabbar said the first phase will include a $3 billion investment by Total in a project to inject seawater into oil fields to enhance crude recovery.

September 7, 2021