Led by PPG Industries’ $1.52bn acquisition of Tikkurila, Europe’s oil & gas industry saw a rise of 23.73% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 73 cross border deals worth $7.58bn were announced for the region during Q4 2020, against the last four-quarter average of 59 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 69, representing an 94.5% share for...
Natural gas has a very important role to play in the energy transition and in meeting the world’s climate goals, the Secretary General of the International Energy Forum, HE Joseph McMonigle, said.
Speaking at the inaugural GECF Gas Lecture of 2021, entitled ‘The Role of Gas in Clean, Reliable, and Sustainable Growth’, HE McMonigle said that the success of the energy transition rests “on the use of natural gas technologies and their capacity to accelerate fuel-switching and create...
Will Beacham, of ICIS Chemical Business, says the US polar storm shut down 90% of US polypropylene (PP) capacity, 67% of ethylene and devastated other important products, sending ripples around global chemical markets and prices soaring.
More chemical plants and refineries across the Gulf Coast region have been hit by prolonged power and feedstock outages caused by freezing weather, snow and ice which have also halted logistics networks. More bad weather, forecast for later in the week,...
APPEA has congratulated Madeleine King and Chris Bowen on their recent appointments as part of the Federal Opposition’s ministerial reshuffle.
APPEA Chief Executive Andrew McConville said the industry looked forward to continuing to work collaboratively with the shadow ministers and the Opposition to ensure the safe and sustainable development of Australia’s oil and gas resources.
The appointment of Ms King to the important resources portfolio, in addition to her existing role as...
Dr Hussein Moghaddam, Senior Energy Forecast Analyst Energy Economics and Forecasting Department, says demand for Green LNG is growing and has the potential to preserve natural gas as a crucial part of the energy mix.
According to the latest, 2020 edition of the GECF Global Gas Outlook 2050, the demand for natural gas is expected to rise by 50% from 3,950 billion cubic metres (bcm) in 2019 to 5,920 bcm in 2050, as gas remains the cleanest-burning hydrocarbon.
In spite of that,...
The Australian Government should embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia, according to APPEA’s 2021-22 pre-Budget submission.
Acknowledging the Government’s actions taken during 2020 and as part of the previous Federal Budget, APPEA has made a number of recommendations to the Government that build on the success of these reforms.
APPEA’s five key recommendations will help to create certainty for...
The release of the Graeme Samuel review of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC) assessing Australia’s environmental regulatory framework has been welcomed by the oil and gas industry.
The review makes several recommendations to the Australian Government around the reform and modernisation of Australia’s environmental legislative framework.
The focus on improving environmental, heritage and biodiversity conservation outcomes, while delivering...
Australia’s geoscientists benefitted from a sharp increase in employment opportunities in the final quarter of 2020 according to the latest AIG Australian geoscientist employment survey.
Unemployment amongst professional geoscientists (geologists, geophysicists and allied Earth scientists) recommenced a downward trend after improvement in employment prospects stalled throughout the previous three quarters of the year.
AIG President, Mr Andrew Waltho, welcomed the results. “It’s...
Total has withdrawn from the American Petroleum Institute (API), citing differences over API’s position on climate change.
The French energy giant said this followed a detailed analysis of API’s climate change position, whereafter it decided not to renew its membership for 2021.
Total said it assesses all industry associations it is a member of each year to ensure they are aligned with the group’s climate change position.
The six key points it uses to test this alignment...
Chevron has announced a Series C investment in San Jose-based Blue Planet Systems Corporation, a start-up that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations.
The San Ramon headquartered company said: “Chevron Technology Ventures’ ongoing investment in carbon capture and utilization technologies supports Chevron’s focus on a diverse portfolio of lower-carbon solutions."
In connection...