Investment , Energy Transition

Report Debunks Five ‘Myths’ of Portfolio Transformation

Deloitte's Amy Chronis details the perceived myths of oil’s demise, while also explaining how companies can better position themselves for a future in which more energy sources will be needed.

August 10, 2021

Investment , Digital Oilfield , Logistics

Phillips 66 Invests in Advanced Analytics Software Developer ‘Seeq’

The investment is through the Altira Group, a venture capital firm that counts Seeq as one of its portfolio companies.

August 9, 2021

Investment , Emissions

Exxon Considers Pledging Net-Zero Carbon Emissions by 2050

Exxon Mobil Corp. is considering a pledge to reduce its net carbon emissions to zero by 2050, the Wall Street Journal reported on Aug. 5, citing people familiar with the matter.

August 5, 2021

Investment , Health, Safety & Environment , Energy Transition

PATH FORWARD: Industry Not Moving Away from Oil Anytime Soon

Oil and gas companies are progressing toward “eco-friendly” operations, but there is no reason for them to transition away from fossil fuels, says industry veteran Dr. Jerry Bailey, director of Petroteq Energy and former president of Exxon Arabian Gulf.

August 5, 2021

Investment , Energy Transition

Ørsted Completes Largest Onshore Wind Project To Date in Texas

The wind project is also located on the Waggoner Ranch, a historic North Texas ranch established in 1849 and currently owned by billionaire businessman Stan Kroenke.

August 4, 2021

Private Equity , Investment , Natural Gas , Shale Plays , Gathering & Processing , Construction

In Midland Basin, it’s Growth O’clock

Pinnacle Midstream II LLC’s Dos Picos processing plant will respond to increased gas production in the short term, but the world is expected to demand even more over the long term.

August 3, 2021

Investment , Energy Transition

Entergy to Build New Texas Power Plant Using Natural Gas, Hydrogen

The proposed power plant to be located near the close to the Gulf Coast near the Texas-Louisiana border is just one of several hydrogen projects that U.S. utilities are developing. 

August 2, 2021

Public Capital , Investment , Energy Transition

Chevron Launches ‘New Energies’ Unit Led by Former US Shale Head

The dedication of resources in the new organization will accelerate growth in multiple business lines that Chevron expects to be part of a lower-carbon energy system, says CEO Mike Wirth.

July 29, 2021

Investment , Digital Oilfield , Completions , Logistics , Pressure Pumping

Cold Bore Technology Closes $14 Million Financing

Along with this investment from bp ventures, bp will be deploying Cold Bore’s SmartPAD in bpx energy’s U.S. onshore operations.

July 29, 2021

Public Capital , Investment , Earnings , Energy Transition

Big Oil Back to Boom after Pandemic Bust, Aiding Climate Push

Europe's top energy companies signaled confidence in a lasting recovery from the pandemic impact on July 29 by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.

July 29, 2021