Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of US$181bn, a 70% increase over 2020, according to Rystad Energy research
Upstream M&A deals returning to pre-Covid levels
Industry
Pharos Energy signs third amendment to Egyptian concession deal
Pharos Energy has signed the third amendment to the El Fayum concession agreement with the government of Egypt
Aramco signs multiple agreements during the Saudi-Korean investment forum
The Saudi Arabian Oil Company announced the signing of one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities, in an aim to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the company
‘ExxonMobil’s scope 3 emissions to rise’
Following ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by 2050, Will Scargill, managing energy analyst at GlobalData, has highlighted his view on the company’s strategy
TotalEnergies joins Masdar and Siemens Energy for green hydrogen development
Masdar, Siemens Energy and TotalEnergies signed a collaboration agreement on the sidelines of Abu Dhabi Sustainability Week (ADSW) 2022, to act as co-developers for a demonstrator plant project, which will be established at Masdar City, Abu Dhabi’s flagship sustainable urban development
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