ARC Resources and Tourmaline Oil among Canadian gas producers to post spending records
Canada’s gas producers posted five-year highs in capital spending in Q1 2023, according to new analysis using Evaluate Energy’s ...
BP Scope 3 Emissions Grow For First Time In Three Years
BP plc is one of the few oil majors to set an absolute Scope 3 emissions reduction target — meaning it has ...
Sinopec investing heavily in hydrogen and CCUS technologies
Chinese oil and petrochemicals product supplier Sinopec made progress towards its goal of creating a full value-chain for hydrogen during 2022, ...
PetroChina makes progress on methane emissions, hazardous waste production
PetroChina, the largest oil and gas producer in China, saw a 6.35 per cent year-on-year decrease in methane emissions from 2021 to 2022, ...
$53 billion in North American buybacks – What does this mean for upstream shareholders?
Share buybacks are having a major impact on investors in upstream North American oil and gas companies – and Evaluate Energy’...
Upstream capex hits five-year high despite significant cuts to cash flow in U.S. and Canada
North America’s oil and gas capital expenditure is at a five-year high despite significant cuts to operating cash flow ...
ExxonMobil increasing CCS, hydrogen and biofuels investments
ExxonMobil Corporation is prioritizing carbon capture and storage (CCS), hydrogen, and low emission fuels rather than renewable energy like solar ...
Pemex in fight to curb emissions amid rising output
Pemex is facing a critical period ahead as it seeks to reduce emissions at a time when production is climbing. ...
M&A Q2 spending significantly higher than five-year average in upstream sector
Total upstream oil and gas M&A spending during the second quarter was 13.5% higher than the five-year quarterly average, ...
$1 billion-plus cash-based mergers increasingly common in upstream sector
High value corporate mergers in the global upstream sector are becoming increasingly cash based. Based on 2023 merger deals valued at ...
Woodside sees emissions climb due to BHP purchase
Australia major Woodside Energy Group’s net equity Scope 1 emissions rose sharply in 2022 to 5.3 million tonnes CO2e from 3.5 million ...
Southwestern Energy battling emissions after M&A spree scales up production
Southwestern Energy Company is looking to rein in emissions from its dual-basin U.S. unconventional gas portfolio after its business ...
Chevron executing on emissions reduction plan
Chevron Corporation reduced its Scope 1 operated greenhouse gas emissions to an all-time low of 52 million tonnes of CO2e in 2022, ...
Q4: Private company deals continue to dominate upstream M&A in North America
Private companies’ predominance in North American upstream M&A continued in Q4 2022 based on Evaluate Energy’s latest deal ...