Corporate week in brief

Table of contents

• Harbour and Talos in merger discussions. A Lens snapshot
• ConocoPhillips exercises pre-emption rights at Surmont
• Petrobras begins its strategic pivot
• ONGC launches decarbonisation strategy and sets 2038 net zero goal
• Equinor delays Bay du Nord sanction, again
• TotalEnergies strikes e-NG partnership with Tree Energy Solutions
• SSE sees profits surge, upgrades growth targets
• Carbon removal projects get a boost from advance purchase agreements
• Tullow’s partners exit South Lokichar in Kenya
• Chevron acquires PDC Energy for US$7.6 billion
• BNP Paribas to cease financing of new gas field developments
• ONEOK acquires Magellan Midstream in US$18.8 billion deal
• US Independents – Q1 results round-up
• Petrobras’ strategic shift comes to light in its Q1 earnings
• RWE and ENGIE make impressive start to 2023
• Equinor sanctions BM-C-33 in deepwater Brazil
• Saudi Aramco increases dividend despite fall in Q1 profits
• Shell formally announces exit from Cambo
• Chinese NOCs grow production, reduce costs in 2023 Q1
• US independents Q1 results – week two summary
• Hydro recovery boosts EDP
• BP, Equinor and Shell Q1 results
• Ørsted reports good start to 2023
• Shell sells stake in Browse to BP
• TotalEnergies exits Canada with oil sands sale to Suncor
• Earnings still strong at TotalEnergies, Repsol and Eni
• Chevron and ExxonMobil reported mixed Q1 results
• US independent Q1 results – week one summary
• Vattenfall reports return to stability
• EDF sales rise on higher prices
• Devon announces strategic investment in geothermal
• Strong Q1 for Iberdrola as renewables and hydro normalise
• The Majors’ Q1 2023 results preview
• US Independents' Q1 2023 results preview
• NOCs: strategies for the energy transition in 2023
• Rising cost of debt – implications for Lower 48 E&Ps
• Webinar: Oil & Gas Corporate Strategic Briefing - April 2023
• Back in Beijing: how will China’s NOCs address the energy transition?
• EDF and CEIC plan China energy island
• First Chinese company to enter giant North Field East
• ConocoPhillips' 2023 Analyst & Investor Day
• BP partners with Harbour Energy in Viking CCS
• Considering an ExxonMobil-Pioneer Natural Resources tie-up
• Iberdrola agrees to sell CCGTs in Mexico for US$6 billion
• TotalEnergies’ Iraq Gas Growth Integrated Project (GGIP) is back on track
• ExxonMobil’s Low Carbon Solutions Spotlight
• Ovintiv buys three EnCap companies in Permian, sells Bakken assets
• Glencore's Teck merger: a path to a clean break from coal
• Chinese NOCs report mixed year-end results and outline plans for 2023
• Chinese NOCs put a damper on upstream investment
• Energy Transfer to Acquire Lotus Midstream
• Saudi Aramco strengthens its position as a key supplier to China
• BP and ADNOC offer to buy 50% of Israel's NewMed Energy
• EIG & Brookfield confirm Origin offer; ConocoPhillips joins party
• Rosneft FY 2022 results: sanctions start to bite
• Eni announces 2 GW Italian offshore wind developments
• RWE posts impressive FY 2022 results
• TotalEnergies upgrades its emissions reduction targets
• TotalEnergies strikes European retail deal with Canadian convenience store leader
• ExxonMobil starts up its 250 kb/d Beaumont refinery expansion
• Saudi Aramco reports record 2022, accelerates ambitious growth plan
• Ørsted expands its Irish solar portfolio
• TotalEnergies adds plastic recycling opportunity in France
• ConocoPhillips' Willow project finally approved
• PETRONAS set to spend on back of strong 2022 results
• International E&Ps annual results round-up
• Bayou Bend CCS expands into US onshore
• EDP puts renewables growth at heart of updated strategy
• TotalEnergies expands biogas portfolio with Polish acquisition
• US independents Q4 results round-up
• Equinor doubles down on pre-FID oil
• Latam NOCs post strong Q4 earnings
• OMV puts Asia-Pacific assets up for sale
• TotalEnergies acquires CEPSA’s UAE assets
• Chevron provides clarity but no big changes at 2023 Investor Day
• BP announces plan for green hydrogen project in Spain
• Record 2022 results for Australia's Santos and Woodside
• Eni posts record results and updates distribution policy
• L48 earnings solidify a 13% raise in E&P investments
• US independents – peak week for Q4 results
• Denbury – leading carbon-management-as-a-service
• Chesapeake sells second Eagle Ford package for US$1.4 billion
• EDF slumps to record loss
• BP strategy update – leaning back from transition
• BP acquires TravelCenters of America
• New leadership and shifting strategies for Cenovus and Suncor in Q4 2022
• US independents Q4 results - some early takeaways
• Repsol boosts 2023 budget by 20%
• Eni enters joint venture for new biorefinery
• Capricorn and NewMed terminate merger
• US Independents results preview – fashionably late to the Q4 reporting party
• Chevron announces exit from Myanmar
• The Majors’ Q4 results update
• BP strategy update: a pivot towards more oil and gas production this decade
• Capital budgets: tamer by the day
• PETRONAS sells stake in Engen downstream and retail business
• ExxonMobil and Shell Q4 2022 results
• PETRONAS set to add Australian solar to renewables portfolio
• TotalEnergies flips French renewable power assets
• ConocoPhillips' Q4 2022 results and 2023 outlook
• INPEX’s Eagle Ford project flies over to Repsol
• Global upstream M&A: 2022 review
• Eni sanctions US$8 billion gas development offshore Libya
• Chevron reports drop in Q4 earnings but outlook remains strong
• Activists successful in overhauling Capricorn board
• ExxonMobil and partners make another discovery in Guyana
• Hess posts strong Q4 results including new discovery in Guyana
• Ørsted 2022 prelims include material impairment on US offshore wind project
• Wintershall Dea to exit Russia
• Chesapeake’s return to a gas-only portfolioalmost complete
• The Majors’ Q4 results preview
• Saudi Aramco acquires Motiva Trading
• Capricorn merger with NewMed set for shareholder vote
• Gas success for Chevron and Eni offshore Egypt
• Ørsted ups its stake in Ocean Wind 1 in the US to 100%
• 2023 guidance: upstream budgets up 15% year-on-year
• LUKOIL exits Italian refinery
• Talos Energy gaining dominance in the US GoM
• Ørsted takes FID on its largest solar project to date
• ExxonMobil continues downstream rationalization with Thai sale
• 2023 guidance: upstream capital budgets and production targets
• Traders exit Rosneft’s Vostok project
• Equinor and RWE form hydrogen partnership
• ExxonMobil to sell its Italian downstream business
• ADNOC acquires stake in OMV from Mubadala
• Chevron leads investment in Svante’s Series E funding round
• Ørsted takes FID on Swedish e-methanol power-to-x project
• Repsol acquires Asterion Energies to add 7.7 GW of renewables capacity
• Chevron forms JV with Baseload Capital to explore geothermal
• Shell wins tender to develop fourth Netherlands offshore wind project
• Saudi Aramco and TotalEnergies green light world-scale petrochemicals expansion
• PETRONAS to exit South Sudan
• Shell sells Sarawak Shell stakes to Sarawak State
• Denbury business outlook - a template for first mover advantage in CCUS
• Corporate oil and gas: 5 things to look for in 2023
• ADNOC leaning in to the energy transition
• Vanguard withdraws from net zero climate alliance
• Rosneft reports 9M 2022 results as EU oil embargo and G7 price cap kicks-in
• ExxonMobil’s 2022 Corporate Plan
• PERTAMINA targeting double IPO in 2023, in talks to acquire Masela stake
• TotalEnergies takes another step closer to exiting the Russian upstream
• Europeans dominate US floating offshore wind lease auction
• Chevron releases 2023 capex guidance of US$17 billion
• Eni boosts Italian renewables portfolio
• Eni reportedly eyeing up Neptune Energy
• Petrobras unveils its 2023-2027 plan
• TotalEnergies sells its Dunga oil field stake in Kazakhstan and advances large onshore wind deal
• Woodside Energy fails to excite with 2022 investor update
• CCUS partnership to develop third party verification framework
• Oxy to work with Enbridge to develop CO 2 transport and storage facilities
• PETRONAS sanctions Kasawari CCS
• Shell to acquire Nature Energy for US$2 billion
• Enel sharpens strategic and financial focus
• TotalEnergies and Air Liquide get creative in low emissions fuels strategy
• Saudi Aramco continues downstream investment push
• SSE profits surge, sticks to strategy, faces UK windfall tax
• Gorgon CO 2 injections continue to fall short of nameplate capacity
• Shell starts up flagship Pennsylvania development
• Diamondback Energy acquires Lario Permian LLC for US$1.55 billion
• Chevron and QatarEnergy announce FID on petrochemical facility at US Gulf Coast
• Strategy update: Santos 2022 Investor Briefing
• Ithaca Energy completes London IPO
• Equinor delays Wisting
• Iberdrola’s CMD 2022 shifts emphasis towards regulated assets
• ExxonMobil’s 2022 Corporate Plan
• Brookfield and EIG propose US$12 billion Origin Energy takeover
• Chevron to explore hydrogen opportunities in US and Asia Pacific
• CNOOC-ConocoPhillips dip toes in water with floating wind pilot
• ExxonMobil reopens Kizomba treasure chest
• US Independent earnings week 2 (out of 3)
• Ørsted Q3 earnings buoyed by conventional assets
• Marathon buys Ensign Eagle Ford assets
• Oxy acquires land and pore space for CO 2 capture and storage
• Aramco posts record cash flow from higher prices and volumes
• Equinor expands in European solar with BeGreen acquisition
• BP Q3 reported results
• Brazil’s president-elect to shake things up in Petrobras
• Euro Majors Q3 2022 results round-up
• CNOOC shines on upstream, PetroChina and Sinopec held back by downstream
• Chevron and ExxonMobil set quarterly cash flow records
• US Independent Earnings - Week 1 recap
• Ørsted and CIP form powerhouse offshore wind partnership in Denmark
• TotalEnergies goes big on Brazilian renewables
• Wintershall Dea acquires stake in offshore Mexico field
• The Majors’ Q3 results preview
• US Independents' Q3 2022 earnings preview
• Material M&A to continue after bumper end to Q3?
• Chevron joins partners to pursue hydrogen project at US Gulf Coast
• BP accelerates biogas expansion with US$4.1 billion US acquisition
• Continental Resources agrees to Hamm family take-private offer
• Diamondback rattles the M&A trend with FireBird purchase
• ExxonMobil strikes landmark carbon storage partnership
• Third time's the charm for EIG's Australia LNG ambitions
• How will companies get to net zero Scope 3 emissions?
• Russia takes first step towards Sakhalin-1 expropriation from ExxonMobil and partners
• OMV to invest in four solar parks in Romania
• Wintershall Dea wins carbon storage license
• Oxy investigating CCUS opportunities with Western Midstream
• Ørsted decides not to bid in latest Taiwan auction
• US acquisition a big deal for RWE
• Repsol outlines its vision for 2050
• Capricorn enters merger agreement with NewMed Energy
• TotalEnergies unveils a new capital allocation framework at its Investor Day
• Chevron signs geothermal collaboration agreement
• Santos sells down stake in PNG LNG
• TotalEnergies moves first to expand its LNG portfolio in Qatar
• Eni's Plenitude enters new partnership to develop solar and wind projects
• South32 halts greenfield coal to set Scope 3 net zero goal
• Petrobras cancels yet another upstream sale
• Gazprom and CNPC agreed payments using Russian roubles and Chinese renminbi
• BLM approves Wyoming CCS storage
• Eni to acquire BP’s Algerian assets
• Tullow and Capricorn merger hangs in the balance
• EQT executes US$5.2 billion bolt-on acquisition
• Repsol announces landmark sell-down of its upstream business
• Equinor advances European CCS
• Malaysia taps bank of PETRONAS to support economic recovery
• Woodside reports first post-merger financials
• TotalEnergies to sell its stake in Russia’s Termokarstovoye gas condensate field
• PetroChina and CNOOC Ltd. post record profits, Sinopec Corp held back by downstream
• Eni and TotalEnergies strike gas offshore Cyprus
• FERC allows Berkshire to increase its stake in Occidental
• How is inflation impacting upstream budgets globally?
• Santos releases record 2022 half-year results
• Aramco posts biggest quarterly profit of any listed company
• PetroChina, Sinopec to voluntarily delist from NYSE
• Chevron rumoured to be entering offshore Namibia block
• Ørsted raises FY 2022 guidance but expectations for offshore wind fall
• Shell and Ecopetrol confirm Colombian offshore gas province
• Devon Energy rings the bolt-on bell again
• Record-breaking quarter for L48 E&Ps could mark a peak
• Accelerating corporate decarbonisation through the Inflation Reduction Act
• Sval acquires Suncor's Norway portfolio
• APA Corporation acquires Permian acreage for US$555 million
• Saudi Aramco to acquire Valvoline lubricants business
• BP earnings soar but guidance holds
• Euromajors Q2 results round-up
• Chevron and ExxonMobil earnings smash previous records
• US Independents Earnings – Week 1
• Eni adds more volumes in Côte d’Ivoire and Abu Dhabi
• Seven discoveries so far in 2022 on Guyana’s Stabroek block
• US Independents Q2 2022 earnings preview
• Shell and ConocoPhillips reportedly eyeing GoM disposals
• NNPC begins life as a commercial entity
• Expanded coverage...Corporate Resilience and Sustainability Indices (CoRSI)
• Aker BP sets out decarbonisation plans and growth outlook
• The Majors' Q2 results preview: a record-breaking quarter
• Offshore wind will deliver 25% higher cash margins than upstream
  • ConocoPhillips partners with Sempra on US LNG
• The wheels of Willow start turning
• Petrobras signs its first sustainability-linked loan
• TotalEnergies to exit Kharyaga oil project in Russia
• ExxonMobil, Shell preview soaring earnings in Q2 2022
• Berkshire Hathaway’s big bet on Occidental
• Shell takes FID on Holland Hydrogen I
• Shell joins Qatar’s giant North Field East LNG project
• XTO Canada sold to Whitecap Resources for US$1.3 billion
• Oxy’s low carbon subsidiary acquires pore space for sequestration hub
• CNOOC, ExxonMobil and Shell sign CCUS MoU as NOC accelerates net-zero targets
• Eni's Vårgrønn gets Dogger Bank, expands scope and ambition
• Equinor and SSE acquire Triton Power, stepping up UK hydrogen ambitions
• Shell acquires operated stake in Gulf of Mexico oil development
• US shareholder returns continue to climb
• Eni postpones Plenitude IPO
• Chevron signs US LNG offtake agreements
• ExxonMobil and ConocoPhillips selected as partners for Qatar North Field East LNG
• Eni joins TotalEnergies in Qatar’s giant North Field East LNG project
• Continental Resources founder offers to take the company private
• BP takes 40.5% operated stake in the Asian Renewable Energy Hub
• TotalEnergies initiates new Indian hydrogen drive with Adani
• Trade sale failure drives BHP to accelerate thermal coal mine closure
• Cenovus and BP swap oil sands for offshore
• TotalEnergies secures a stake in Qatar’s giant North Field East LNG project
• PetroChina charts course to a National Energy Company
• Record downstream results expected in Q2, as refining margins soar and volatility boosts trading
• Devon Energy adds bolt-on in the Bakken
• Repsol unlocks ‘see through value’ for its renewables business
• Chevron advances low carbon opportunities
• Repsol reportedly in talks to sell 25% in its E&P unit
• US Independents: cash flow framework
• Tullow and Capricorn to merge
• Cenovus and Suncor re-sanction the West White Rose project
• Shell sanctions Crux to backfill Prelude FLNG
• UK government introduces windfall tax; operators complain
• Chevron announces new leadership structure
• TotalEnergies makes its largest US renewables acquisition to date
• Petrobras loses another CEO
• Woodside shareholders approve BHP Petroleum merger
• Chevron announces CCS project in California
• ExxonMobil to sell its Barnett shale portfolio for US$750 million
• Sinopec moves forward on green hydrogen
• Oxy’s momentum continues
• TotalEnergies expands US Offshore wind portfolio
• Expanded coverage... Corporate Resilience and Sustainability Indices (CoRSI)
• BP announces plans for Texas Gulf Coast CCS project
• Aramco delivers record quarterly results
• Shell announces first Russia disposal
• 2022 AGM shareholder resolution votes on a different track than last year
• Equinor sells US$1 billion Norway asset package
• Canada oil sands Q1 recap - earnings top Cdn$9 billion; Suncor responds to Elliott
• PetroChina Q1 earnings restrained due to price subsidies
• US independents Q1 results week 2: budget bumps and climbing cash
• BP, Equinor and Shell round out the Majors’ Q1 reporting season
• Chevron announces proposed JV at US Gulf Coast CCS project
• ExxonMobil exits Romania
• Shell makes US$1.55 billion renewables acquisition
• Buybacks increased as Majors’ earnings soar
• US Independents Q1 Earnings: gas producers focused on supplying LNG expansion
• Activist investor comes at Suncor
• Strong Q1 for CNOOC Ltd., Sinopec Corp subdued due to downstream
• ExxonMobil upgrades Stabroekreserves to 11 billion boe
• Petrobras sells Albacora Leste to PetroRio for US$2.2 billion
• CNRL hits Cdn$100 billion market valuation milestone
• CNOOC triggers upper circuit breaker on Shanghai market debut
• Offshore wind: Europe’s leading companies
• Alekperov steps down from LUKOIL
• Santos outlines new capital management framework
• US Independents' earnings preview
• The Majors’ Q1 results preview – a record quarter for free cash flow?
• CNOOC homeward-bound with Shanghai IPO
• LUKOIL CEO sanctioned by the UK
• Upstream mergers and acquisitions activity slows in Q1
• Excelerate Energy IPO debut highlights US LNG momentum
• Murphy Oil reaches first oil at King’s Quay
• Equinor adds to resource base in Norway heartlands
• Euro Majors form new offshore floating wind partnerships
• Suncor's wind stops blowing but 2050 net zero on track
• Capital budgets for 2022 to grow 18%
• EQT upgraded back to investment grade
• Chevron enters carbon offsets markets
• TotalEnergies and Sempra expand North American strategic alliance
• Cepsa outlines ‘Positive Motion’ strategy to transform its downstream business
• Chinese NOCs report a strong 2021, energy security dominates 2022 outlook
• PTTEP latest NOC to join net zero club
  • Ørsted boosts IRRs through farm-down of 50% stake in giant 1.3 GW Hornsea 2
• SEC proposes mandatory climate-related disclosures
• TotalEnergies outlines its vision for 2050
• Storm damage at CPC Black Sea oil terminal highlights risk for Majors in Kazakhstan
• Oxy Low Carbon Ventures Investor Day
• TotalEnergies outlines new steps in Russia
• Eni boosting gas, reducing emissions, increasing distributions
• Aramco's earnings more than double
• OMV announces new net-zero target and plan to transition away from oil & gas
• Eni and BP finalise new Angolan JV
• Eni targets energy transition with green SPAC
• OGCI expands partnership to eliminate methane emissions by 2030
• Shell announces its complete withdrawal from Russia
• Continental Resources invests in carbon capture
• Wintershall Dea responds to Russia-Ukraine conflict
• ExxonMobil’s 2022 Analyst Day
• Chevron’s 2022 Investor Day recap
• Capital budgets solidify growth in 2022
• ExxonMobil to exit Sakhalin-1 in Russia
• PETRONAS back in black, going green
• Record bids in US offshore wind lease sale
• Chevron agrees to acquire Renewable Energy Group for US$3.15 billion
• BP to exit Rosneft shareholding
• What next for oil and gas companies present in Russia?
• US Independent results advance shareholder returns
• ExxonMobil high-grades in Nigeria with a US$1.6 billion deal
• TotalEnergies announces a giant oil discovery offshore Namibia
• TotalEnergies announces fifth oil strike offshore Suriname
• Tullow contingent payments: nothing gained, nothing lost?
• US Independents' Q4 results – week 1
• Eni floats Var Energi and reports soaring earnings
• Repsol finishes the year on a high
• TotalEnergies delivers record cash flow
• TotalEnergies walks away from the North Platte project
• World first for Santos, includes CO 2 storage in 2021 reserves statement
• Equinor Q4 results: buyback boost
• INPEX returns to profit in 2021, updates transition strategy
• TotalEnergies adds to its US renewables business
• BP Q4 results: soaring earnings, strategy update and guidance to 2030
• Pioneer reinforces fortress balance sheet commitment
• Low-carbon and hydrogen industrial hub alliance
• 2022 capital budgets strengthen uptrend
• Shell makes huge oil discovery offshore Namibia
• Shell Q4 2021 results: back on the front foot
• ConocoPhillips Q4 2021 results: VROC and roll
• ExxonMobilQ4 2021 results: roaring back
• Ørsted delivers 2021 earnings in line with guidance but offshore wind struggles
• ExxonMobil unveils corporate restructuring
• TotalEnergies sanctions Uganda’s Lake Albert oil development
• Petrobras sells Potiguar cluster for US$1.38 billion
• Chevron reports best year of free cash flow in its history
• Hess beats Q4 earnings expectations and raises ’22 budget 42%
• Chesapeake Energy acquires Chief Oil and Gas for US$2.6 billion
• US independents' Q4 results preview
• The Majors’ Q4 results preview
• Woodside and Santos ride LNG spot wave
• Adapt to the energy transition or go out of business
• ExxonMobil announces net zero ambition
• Euro Majors boost UK wind portfolios
• Woodside moves closer to first hydrogen project
• TotalEnergies and INPEX high-grade in Angola
• Equinor downgrades reserves at Mariner
• Enterprise acquires Navitas Midstream in US$3.25 billion deal
• CNOOC Ltd 2022 Strategy Preview: Roaring into the year of the tiger
• ExxonMobil strikes European biofuels deal
• Pioneer Natural Resources sends bullish price signal
• Repsol beefs up its Marcellus gas portfolio
• Two new discoveries at the Stabroek Block
• Expectations for Chevron and ExxonMobil to ramp Permian
• Aker BP buys Lundin Energy to create 'super' Norwegian independent
• Rosneft targets net zero by 2050 and outlines strategy out to 2030
• Majors and NOCs beef up their Brazilian pre-salt portfolios
• Budgets seeing a massive uptick
• Shell boosts solar business with acquisition of Savion
• Suncor and Cenovus budgets rise in 2022, both expect modest growth
• ExxonMobil and PETRONAS exit Chad and Cameroon
• EQT joins the US Independent buyback party
• Woodside 2021 investor update: strategic refresh after transitional year
• Shell makes another Perdido discovery, deepwater GoM
• Santos and Oil Search complete merger
• Equinor buys into battery storage
• INPEX acquires stakes in Dutch offshore wind projects
• Harbour Energy introduces dividend
• ExxonMobil fills in more blanks on its low carbon strategy
• Aramco agrees US$15.5 billion gas pipeline monetisation
• ConocoPhillips' 2022 budget and outlook
• Introducing Corporate Resilience and Sustainability Indices (CoRSI)
• Shell walks away from Cambo
• Petrobras unveils 2022-2026 strategy plan
• Chevron increases buyback programme and releases 2022 capital budget
• Lundin Energy rumoured to be considering a sale
• Equinor exits Ireland
• BP planning green hydrogen project in the UK
• Exploration success for Russians
• ExxonMobil sets its sights on scaling up sustainable algae biofuels production
• Eni names retail and renewables business "Pl eni tude" ahead of 2022 IPO
• ConocoPhillips and TotalEnergies acquire Hess' stake in Libya's Waha concessions
• Woodside green lights Scarborough LNG
• COP26 turns up the heat on corporates
• Euro Majors and utilities look to floating offshore wind
• TotalEnergies and Apache deliver mixed E&A results in Suriname
• ExxonMobil boosts GOM shelf acreage in a potential CCS-linked move
• Cairn begins share buyback
• Woodside brings GIP aboard Pluto Train 2
• Aker and BP sell 5% in Aker BP through private placement
• Tullow increases Ghana interest
• ExxonMobil sanctions Chinese petrochemicals investment
• Sinopec chooses hydrogen to decarbonise transport
• TotalEnergies and Daimler Truck ink decarbonisation agreement
• US EPA methane regulation proposal
• Repsol sells down its first operational onshore wind project
• YPF and Ecopetrol unveil upbeat results
• Australia CCS activity building as Santos, Woodside unveil plans
• US independents Q3 results recap
• Shell Ventures announces US$1.4 billion fund for investment in transition
• CNRL, Cenovus and Suncor deleveraging
• Eni buys another stake in UK offshore wind farm from Equinor and SSE
• ExxonMobil exits Romania
• Continental Resources enters the Permian Basin
• BP Q3 2021 results
• ConocoPhillips Q3 2021 results
• Majors' results round-up - Q3 2021
• Shell facing pressure from activist hedge fund to abandon transition strategy
• Aramco's earnings soar
• Q3 Results: CNOOC and PetroChina rally on higher prices, Sinopec faces headwinds
• Midstream consolidation: are private equity companies ready for the next pivot?
• Pemex and Petrobras continue recovery in Q3
• US independents Q3 results – week 1
• Eni considering IPO of Vår Energi
• Aramco announces net zero ambition
• US Independents - Q3 results preview
• ExxonMobil eyes up US CCS Expansion
• COP26: the impact on oil and gas companies’ strategies
• The Majors’ Q3 results preview
• UK government announces first two CCS clusters to receive funding
• Russia closer to net zero commitment
• CNOOC Ltd’s first attempt at floating wind
• Oxy sells Ghana assets for US$750 million
• Qatar Petroleum rebrands as QatarEnergy
• Chevron sets net zero ambition
• ExxonMobil starts to scale up its advanced recycling operations
• PETRONAS sells Shah Deniz stake to LUKOIL for US$2.25 billion
• Eni launches renewables IPO process
• ExxonMobil upgrades Guyana resources to 10 billion boe
• Saudi Aramco puts timeline on oil capacity expansion
• TotalEnergies an anchor investor in the world’s largest clean hydrogen infrastructure fund
• TotalEnergies’ 2021 Strategy and Outlook
• CNOOC doubles down on the world’s largest deepwater field
• Rosneft to collaborate with Majors on carbon reduction
• Shell sells ‘core’ Permian position to ConocoPhillips for US$9.5 billion
• CNOOC to raise capital in Mainland China
• OGCI group targets net zero
• Vattenfall boosts energy transition goals
• CCS in the Houston Area gains early momentum
• Stakeholders lay out net zero standards for oil and gas
• Tullow’s last hope in Kenya?
• BP to partner ADNOC and Masdar on clean energy initiatives
• BP brings in renewables big hitter to lead gas and low carbon energy business
• US Independents delivering on debt reduction
• Chevron increases commitment to new energies
• Guyana resources edge closer to 10 billion boe with latest strike
• Chevron makes multiple announcements ahead of energy transition call
• ExxonMobil to certify Permian natural gas
• TotalEnergies strikes major cross-commodity deal in Iraq
• Beneficiaries of gas price rally separated by hedge books
• CNOOC announces first offshore CCS project
• Eni discovers a whale offshore Cote d'Ivoire
• Shell announces big expansion of ubitricity EV charging network
• Sinopec Corp’s first half profits soar, bets big on hydrogen
• PetroChina hits record earnings on price and demand recovery
• Heavy derivative losses continue for US producers
• Chevron, BP and Imperial Oil accelerate renewable fuels investments
• CNOOC Ltd’s profits soar on higher oil price
• Alaska court blocks ConocoPhillips' Willow project
• Woodside and BHP agree to merge oil and gas businesses
• Ecopetrol buys stake in ISA for US$3.6 billion
• Chesapeake acquires Vine Energy
• Saudi Aramco profits surge
• Santos and Oil Search merge to create Australia's new leading E&P
• US independents Q2 results, week 2: hedging headwinds, but cash still delivered
• Record Q2 profitability for Latam NOCs
• Raízen IPO puts a US$6 billion value on Shell’s Brazilian biofuels business
• ConocoPhillips Q2 results: post-Concho earnings soar
• BP rounds out positive Q2 earnings season for the Majors
• Majors’ Q2 results
• US Independents Q2 results, week 1
• Oil Search accepts Santos' revised merger proposal
• TotalEnergies and Equinor withdraw from Venezuelan extra-heavy oil project
• Pemex’s improved earnings still far from ideal
• US Independents' Q2 2021 results preview
• Motiva suspends US$6.6 billion petrochemical expansion
• Santos proposes Oil Search merger
• The Majors’ Q2 2021 results preview
• Majors submit bids for Scottish offshore wind leases
• ExxonMobil and Shell sign CCUS MoUs in the UK
• First term contract for carbon-neutral LNG signed by PetroChina and Shell
• New large scale carbon capture facility announced by Shell
• TotalEnergies signs US$750m GLNG infrastructure agreement with GIP
• TotalEnergies and ExxonMobil join forces with industry to evaluate a French decarbonisation project
• More exploration success in Ghana for Eni
• Eni continues new energies diversification
• Sinopec announces first Carbon Capture and Utilisation project
• LUKOIL acquires in Mexico in the country’s largest upstream deal
• Global M&A: H1 2021 highlights
• Equinor signs blue hydrogen MoU with US Steel
• Shell, EDF and Ørsted awarded New Jersey wind contracts
• Sinopec divests mature, non-core Argentine assets
• CNOOC Ltd’s deepwater gas drive
• Petrobras exits Brazilian retail for US$2.3 billion
• ExxonMobil rationalises its petrochemicals business
• EQT raises the bar on ESG strategy

Tables and charts

This report includes 125 images and tables including:

• NOCs’ energy transition investment guidance*

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• Corporate week in brief

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