Asset Management
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
The deepwater infill project is Esso Nigeria's first drilling campaign in a decade and is expected to boost Usan's production by up to 40,000 B/D.
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With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. -
A new licensing round will open up 136 blocks in the Arctic Barents Sea.
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The $20.7-billion agreement is the single-largest energy infrastructure investment in the region.
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COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic.
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For successful development and execution, renewables—as with other capital projects —require diligent opportunity shaping. Five key steps for shaping renewable energy projects are discussed.
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US oil and gas job losses due to pandemic-related demand destruction amount to 84,000—that’s 105,000 jobs year to date.
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Potential suitors to acquire Chevron’s stake in the LNG project include co-owner and operator Woodside.
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Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs.
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Aramco’s acquisition of SABIC positions the company as a major global petrochemical player.
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A new idea from Equinor calls for autonomous submarines to transport CO2 from the surface to the seabed. The Norwegian operator says the shuttles could also carry oil and water for injection.
