Asset Manager BlackRock Cuts Stake in Occidental Petroleum

The firm has urged companies to prepare their businesses to live in a low-carbon environment by the middle of this century.

February 5, 2021

Public Capital , Investment , Completions , Logistics , Pressure Pumping

Hunting, Well Data Labs Partner to Advance Well Data Analytics for Completions

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.

February 5, 2021

Investment , Exploration & Production , Technology

Offshore EPC Investment Primed for Rapid Recovery

Offshore EPC investment primed for a rapid bounce-back in 2021, boosted by E&P projects deferred from 2020 and a resurgent Petrobras, Westwood analyst says.

February 4, 2021

Investment , Exploration & Production , Markets , Policy & Regulations

PATH FORWARD: Future of Oil and Gas Investments Under Biden’s Climate Policy

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.

February 3, 2021

Investment , Earnings , Field Development

Equinor Halts Tanzania LNG Project, Writes Off $982 Million

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.

January 29, 2021

Public Capital , Investment , Trade

Saudi Aramco Planning More Share Sales to Bolster Sovereign Wealth Fun

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.

January 28, 2021

Investment , Midstream

Buckeye Partners Invests in Hydrogen Logistics Provider

Partnership with OneH2 signals Buckeye’s commitment to next phase of energy evolution.

January 28, 2021

Investment , Emissions , Renewables

Lightsource BP Launches Texas Solar Projects Following $380 Million Financing

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. 

January 27, 2021

Public Capital , Investment , Health, Safety & Environment , Emissions , Renewables

Exxon Mobil to Boost Sustainability Investments in Response to Activist Investors: Reports

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.

January 27, 2021

Investment , Exploration & Production

Iraq Signs Pact with Total for ‘Large Projects,’ Oil Ministry Says

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. 

January 27, 2021