Venezuela's oil production peaked in 1970 when the country produced nearly 3.8 million bpd. The country nationalized its oil and gas operations and established Petróleos de Venezuela SA as a state-owned oil and gas company in 1976. Later in 1997, it invited foreign companies to invest in its...
A year ago the conversation around the need for oil and gas companies to incorporate ESG principles into their business strategies was postulated as a good idea but not necessarily an immediate directive. A year later, it is a fast-growing and forceful mandate. Why does it matter? Because mor...
Discourse analysis of motivations for Thailand's oil and gas companies to invest in renewable energy the study provides policy recommendations on how Thai authorities can take a proactive role in helping O&G companies' transition towards a low-carbon energy... W Chaiyapa,M Esteban,Y Kameyama - ...
Oil majors have also slashed upstream spending significantly. While part of this would reflect the low-price environment seen over 2020, there is again a structural change. ESG is becoming an increasingly important factor for the oil & gas industry, both to meet internal climate policies and fr...
This trend is expected to continue during the forecast period to increase natural gas demand in the international market due to its lower carbon emission property. Further, in September 2021, the Iranian government planned to invest nearly USD 145 billion over the next eight years. Such ...
2,” McKinsey, June 4, 2021. Decarbonization solutions. Pressure on oil and gas companies to decarbonize has pushed them to develop technical solutions and know-how that can be relevant to other industries. Oil and gas companies can leverage these to offer ...
Today, raising money for traditional oil and gas companies is full of holes and public markets need a big repair with some kind of Spackle. Likewise, the ability of former Wall Street darlings, the energy infrastructure companies (pipelines, gas processing plants, midstream in general) to raise...
However, Wall Street is now assessing whether those gains are sustainable as Democrats commit to speeding the shift away from fossil fuels. Companies that extract gas and oil from shale rock using a process known as fracking are already under pressure to reduce spending rather than invest in prod...
A cap on emisisons from the fossil fuel sector had been promised by the Liberals since the 2021 election, but the announcement Thursday spelled out exactly how much the government will ask the industry to cut. By 2030, conventional oil companies, oilsands producers and nat...
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