Corporate

Lenders shift towards cleaner investments to align with Paris Agreement targets

The underperformance of oil and gas stocks will lead auditors to closely examine goodwill and impairment testing calculations

Solutions such as renewable diesel can be much better for the environment than large-scale biofuels

Gulf Energy Information asked readers in the upstream, midstream and downstream to name their perceived leaders in Sustainability

Sustainability in oil and gas is becoming increasingly important to the long-term viability of the industry.

The UKCS explorer’s strong balance sheet allows it to brush off many of the challenges posed by the oil price collapse, but it is still not immune to bearish investor sentiment

US independent slices off chunk of near-term debt but ominous overhang remains an existential threat

The Denver-based shale company’s bankruptcy notice is likely to be the first of many among US producers

The Canadian firm has rebranded and joined the US shale revolution. But the oil price crisis is raising doubts about whether recent acquisitions will be economically viable

Lorenzo Simonelli has reinvigorated Baker Hughes’ oilfield business lines while positioning it to be at the forefront of the energy transition

Sagging oil prices bruise the firm’s bottom line, despite a positive quarterly upstream performance

Domestic acquisitions gain momentum after woeful performance across the first three quarters of the year

Chrysaor-Premier deal could see copycats, says consultancy, but deals will need to meet strict criteria

Several prominent deals have helped partially salvage M&A activity, but conditions still look gloomy

The private equity-backed producer accesses London market without having to attempt an IPO

Majors may want to accelerate their North Sea divestments. But they may also need to dance to acquirers’ tunes

Offloadings accelerate as many domestic oil firms struggle to stave off bankruptcy

The PE Awards will take a new approach this year, in terms of both format and the categories themselves, with awards spanning the energy industry in its entirety.

The winners of the 2019 Petroleum Economist Awards were announced in London on 19 November

Deloitte Consulting LLP

EQUATE

Sadara Chemical Company

Eni

Auctioning minority stakes in NOCs’ assets may fill short-term budget holes, but they are no guarantee of long-term change

Financial conditions may have rallied, but the long-term survival of many firms still hangs in the balance

High investor demand, especially for energy transition bonds, set to be further boosted by introduction of German 'twin bunds'

Unmanageable debt and a shortage of work is wreaking havoc on company finances. Bruising maturities starting from next year could signal even more pain

Crumbling revenues heighten concerns over looming debt maturities and the firm’s ability to avoid becoming another high-profile casualty

The company’s new strategy to retain and draw shareholders aims to shake up the shale growth model

An income squeeze is forcing upstream delays and a reappraisal of the company’s downstream portfolio

The sector’s biggest companies staunched some of their losses across the second quarter, but the results still made for depressing reading

The twin shocks of Covid-19 and the oil price collapse have severely impacted the company’s bottom line, but it is well-placed to bounce back

Profits plunged during the first quarter for a sector already struggling to contend with growing debt and a shortage of midstream takeaway

The failure of multiple projects in Africa and depressed oil prices puts the company in ‘significant doubt’

Succession of acquisitions and project ramp-ups help strengthen the company’s portfolio in a tough environment for the sector