The firm has urged companies to prepare their businesses to live in a low-carbon environment by the middle of this century.
Hunting Plc, the international energy services group, has agreed to provide Well Data Labs (WDL) with $2.5 million in convertible capital financing on Feb. 4 to support WDL significant growth ambitions in the onshore technical well data analytics market.
U.S. needs substantial investments in production to maintain current oil consumption, says Paul Goydan, Houston-based head of Boston Consulting Group’s North American energy practice.
Norwegian energy company Equinor is shelving plans for a LNG development in Tanzania, arguing it would not be sufficiently profitable, but could revive the project at a later date, it said on Jan. 29.
Saudi Aramco, the world's biggest oil company, completed the world's largest IPO in late 2019, raising $25.6 billion and later selling more shares to raise the total to $29.4 billion.
Partnership with OneH2 signals Buckeye’s commitment to next phase of energy evolution.
Lightsource BP closed on a $380 million financing package comprised of equity and debt to support the development of its Texas solar projects, both located south of Dallas.
The pressure from investors follows years of decline in Exxon Mobil's stock, which has underperformed its closest U.S. rival, Chevron Corp., by a long margin in the last five years.
The agreement to execute “large and promising projects” was signed during a visit by Total CEO Patrick Pouyanne, the oil ministry of Iraq said in a statement.