ESG/Investment

News
September 21, 2022
In what appeared to be a very deliberate attempt to inject some reality into the headlong rush toward renewables, Saudi Aramco President and CEO Amin Nasser cautioned the energy industry about making bad choices.
News
September 19, 2022
Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs Group Inc, HSBC Holdings Plc and SNB Capital to manage its IPO in Riyadh, seeking to join a steady stream of Gulf firms tapping equity markets.
Article
September 2022
ESG initiatives are firmly entrenched in the industry because shareholders, regulators and investors are making them nearly mandatory for oil and gas operations. How companies view shifting environmental expectations, and how they respond to regulatory requirements, will have a major impact on their future success.
News
August 29, 2022
Major economies sharply increased support for the production and consumption of coal, oil and natural gas, according to analysis released by the Organisation for Economic Co-operation and Development and the International Energy Agency.
News
August 04, 2022
Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of continuous record-breaking tax revenues from the industry.
News
December 31, 2019
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
News
December 20, 2019
The emissions-reduction commitment is part of the company’s thought leadership and focus on environmental and social sustainability through its Global Stewardship program.
News
December 19, 2019
“This is an exciting step towards a circular economy for the polyester industry,” said Rita Griffin, COO of petrochemicals for BP. “But we know we cannot create circularity on our own.”
News
December 19, 2019
Jerusalem’s district court ruled late Tuesday that the firms developing Leviathan are barred from pollutive activity until further notice, in effect halting operations.
News
December 18, 2019
Historic rules to clean up pollution in the shipping industry are two weeks from taking effect, but there are signs that enforcing the new legislation will prove tricky.
News
December 17, 2019
Methane-emissions intensity in the Permian Basin plunged 64% in the past seven years, even as crude production surged, according to a report by Texans for Natural Gas, the Permian Basin Petroleum Association and the New Mexico Oil and Gas Association.
News
December 17, 2019
The leading representative body for the UK’s offshore oil and gas industry has underlined its commitment to developing the technical solutions required to help meet the UK and Scotland’s net zero ambitions.
News
December 16, 2019
The international effort to rein in fossil fuel pollution took a step backward this weekend after envoys at a marathon round of United Nations talks watered down language on issues they had agreed on in previous years.
News
December 16, 2019
The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe to take action on climate change has set its sights on the U.S.
News
December 13, 2019
Morten Baltzersen, the head of the Financial Supervisory Authority in Norway, says the rush to plow funds into investments that fulfill environmental, social and governance (ESG) standards has opened the door to a new risk.
News
December 12, 2019
The American Petroleum Institute today welcomed two new reports by the National Petroleum Council that demonstrate how the United States can address the dual challenge of providing affordable, reliable energy while addressing the risks of climate change.
News
December 10, 2019
Exxon Mobil won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years.
News
December 06, 2019
“Developing countries are not responsible for climate change,” Brazil Environment Minister Ricardo Salles said in an interview in Madrid. “Responsible is mainly the rich world that engaged in industrial activity for a very long time.”
News
December 05, 2019
“Infinitum’s mission aligns well with our goals for the Future Energy Fund,” said Barbara Burger, President, Chevron Technology Ventures.
News
December 05, 2019
Royal Dutch Shell won a UK ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill half a century ago.
News
December 04, 2019
Repsol’s announcement this week that it will eliminate emissions from its business by 2050 throws down the gauntlet to competitors as large oil companies face mounting investor pressure to clean up their act.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.