Alongside making an equity investment in McPhy, TechnipFMC signed a memorandum of understanding to jointly work with the company on green hydrogen technology development and project implementation.
ConocoPhillips and Concho Resources may announce a deal in a few weeks, a report said, adding that no final decision has been made and talks could fall through.
Ring Energy agreed in April to divest the Delaware Basin position comprising nearly 20,000 acres in Culberson and Reeves counties, Texas, to an undisclosed buyer for about $31.5 million.
“Although I am stepping away from the day-to-day management of our business, I will continue to be intimately involved in the strategic growth of Energy Transfer,” Kelcy Warren said in a statement on Oct. 8.
The study by the Transition Pathway Initiative comes as shares of European energy companies including BP and Shell have struggled amid concerns over their ability to successfully shift away from oil and gas.
"We remain optimistic about the improving natural gas supply and demand outlook heading into 2021," Cabot Oil & Gas CEO Dan Dinges says.
“These management changes enhance Pioneer’s ability to execute our plan, driving value for shareholders,” Pioneer Natural Resources CEO Scott D. Sheffield says.
K. Scott Roy, senior vice president of Range Resources, recently joined Hart Energy to discuss the U.S. shale producer’s net-zero ambitions and its outlook on natural gas in the energy transition.
Exxon Mobil has lost more than half of it market value in 2020 as the U.S. oil major struggles to cope with the effects of a pandemic-driven downturn in the energy industry.