Business and Finance

  • TotalEnergies signs agreements for development of Iraq's natural resources

    PROJECTS

    TotalEnergies sells its non-operated interest in block 14 in Angola

    TotalEnergies has signed an agreement together with Inpex to sell the company Angola Block 14 B.V. to the Angolan company Somoil, with the transaction subject to the approval of Angolan authorities. Angola B... more

  • bp and NYK Line to collaborate on solutions to help decarbonise shipping sector

    PROJECTS

    bp and NYK Line to collaborate on solutions to help decarbonise shipping sector

    bp and Japanese shipping company NYK Line have signed a memorandum of understanding (MoU) to collaborate on future fuels and transportation solutions to help industrial sectors, including shipping, decarbonise.... more

  • Empowering and advocating for culturally diverse women in the workplace

    PROJECTS

    Empowering and advocating for culturally diverse women in the workplace

    A new executive program targeting women from culturally and linguistically diverse (CALD) backgrounds, is aiming to break down barriers and address inequalities experienced by women in the workplace. Monash ... more

  • PROJECTS

    IOG inks gas sales agreement with GM&T

    IOG plc has announced the execution of a gas sales agreement (GSA) with Gazprom Marketing & Trading Limited (GM&T). The news follows a competitive offtake process involving more than 10 bidders over rec... more

  • TotalEnergies sells its non-operated interest in block 14 in Angola
    24 Jan, 2022
  • bp and NYK Line to collaborate on solutions to help decarbonise shipping sector
    15 Sep, 2021
  • Empowering and advocating for culturally diverse women in the workplace
    13 Aug, 2021
  • IOG inks gas sales agreement with GM&T
    30 Jul, 2021
POSCO

Report identifies top oil and gas M&A financial advisers for Q1 2021

28 Apr, 2021
A total of 352 mergers and acquisitions (M&A) deals were announced in the oil and gas sector during Q1 2021, according to a new report by GlobalData. Deal value for the sector also increased by 66.7 per cent from US$39 billion in Q1 2020 to US$65 billion in Q1 2021. GlobalData’s report, ‘Oil & Gas and Sector M&A Report Financial Adviser League Tables Q1 2021’ further outlines that JP Morgan and Citi were the top M&A financial advisers in the sector for Q1 2021 by value and volume, respectively. JP Morgan advised on six deals worth US$19.8 billion, which was…

Sacgasco signs agreement with Blue Sky Resources

28 Apr, 2021
Perth-based energy company, Sacgasco Limited (Sacgasco or the Company), has signed an agreement with Blue Sky Resources Ltd to acquire 25 per cent of Blue Sky’s Working Interest (WI) in oil and gas producing assets in Alberta and British Columbia, Canada (the ABC Assets). The ABC Assets consist of non-operated WI and Royalty Interests in 31 gas and oil fields and associated infrastructure. The acquisition by SGC is subject to due diligence, regulatory approvals, and related completion of the acquisition of the ABC Assets by the vendor Blue Sky Resources Limited. Sacgasco’s asset purchase price is AUD$1.03 million plus the…

ExxonMobil expands renewable fuels agreement with Global Clean Energy

23 Apr, 2021
ExxonMobil and Global Clean Energy Holdings have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel up to 5 million barrels per year.  ExxonMobil will be the exclusive buyer of renewable diesel from Global Clean Energy’s biorefinery in Bakersfield, California, which is on schedule to begin production in early 2022. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions. “Our expanded agreement with Global Clean Energy reinforces ExxonMobil’s longstanding efforts to support society’s ambitions for lower-emission fuels,” said Ian Carr, president of ExxonMobil Fuels and Lubricants Company. “Through our…

Rainmaker reveals Australia’s most ESG superannuation funds

23 Apr, 2021
Superannuation funds that follow environmental, social and governance (ESG) principles collectively manage over $1.6 trillion. This is equivalent to 71 per cent of the superannuation savings overseen by the superannuation regulator, APRA. This makes Australia’s ESG superannuation coverage ratio among the highest in the world. In recognising the growing commitment towards ESG investing by super funds, which may also be referred to as sustainable, responsible, or ethical investing, Rainmaker Information has released the findings of its inaugural ESG Superannuation Taxonomy Study as part of its latest Superannuation Benchmarking Report. “The purpose of the study was to explore what it actually…

Has the Australian economy shaken off the COVID-19 blues?

21 Apr, 2021
Powering out of a once-in-a-generation recession with a V-shaped recovery, the Australian economy has certainly emerged from the COVID-19 pandemic better than its peers. Thanks to the country’s early success in curbing the virus spread and dedicated fiscal and monetary support, the nation has managed to withstand the disruptions of the pandemic stronger than anticipated. Although Australia is well on its way to “winning the COVID-19 war”, the path to a sustainable economic recovery appears bumpy and uneven. Reduced efficacy of existing vaccines, along with a delay in vaccination rollout, continues to pose risks to the pace of economic recovery.…

Worley wins North Sea contract extension with CNOOC Europe

15 Apr, 2021
Worley has been awarded a two-year contract extension to provide engineering, procurement and construction (EPC) services to CNOOC Petroleum Europe Limited’s three operated assets in the North Sea. The contract involves over 200 personnel, including the onshore and offshore teams, that provide EPC services for the Golden Eagle, Scott and Buzzard platforms from FEED through to commissioning. Worley completed construction of the greenfield module for the Buzzard Phase II development in early 2020. Weighing 474-tonnes, it will be installed on the south-west corner of the Buzzard ‘P’ platform. The module was designed and engineered by Worley’s project office in Aberdeen,…

Total partners with Siemens Energy to reduce LNG related emissions

14 Apr, 2021
Total and energy technology company, Siemens Energy, have signed a Technical Collaboration Agreement to study sustainable solutions for carbon dioxide emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation.  Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such as combustion of clean hydrogen in gas turbines, competitive all-electrical liquefaction, optimised power generation, the integration of renewable energy in liquefaction plants’ power system and their efficiency enhancement. President of Exploration and Production at Total, Arnaud Breuillac, said that this collaboration with Siemens Energy, a major player in…