Published:
March 03, 2020
Last Updated:
February 22, 2021
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Further Reading
PTT invests $10 billion in electric vehicles, renewable energy, and petrochemicals in three-month span
News Commentary | August 16, 2021
In June, PTT formed a joint venture with Foxconn to manufacture electric vehicles in Thailand, which now appears to be a $2 billion venture. In addition, PTT subsidiary Global Power Synergy is investing $950 million in renewable energy projects in India and Taiwan. Despite the push toward zero‑... Not part of subscription
Woodside acquires BHP's oil and gas business
News Commentary | August 27, 2021
The merger of Woodside and BHP's petroleum division reportedly involves $14.7 billion. The transaction will be executed through the distribution of Woodside shares to BHP shareholders: Existing Woodside shareholders will own 52% of the expanded company, while BHP shareholders will own 48%. This news... Not part of subscription
Banpu invests $582 million in greener power generation assets in U.S., Australia, and Japan
News Commentary | August 27, 2021
In a bid to expand its power generation capacity from 3,300 MW to 6,600 MW by 2025, the largest coal producer in Thailand is on a buying spree. In 2021, the company has agreed to buy a combined cycle gas‑fired power plant in Texas for $430 million, two solar farms of 166.8 MW in Australia for $72 ... Not part of subscription
by Holly Havel
Eni has released its long-term plans to reduce its GHG emissions by 80% by 2050 following similar announcements from Repsol, Equinor, and BP in recent months. While Eni's strategy does involve renewables and alternative fuels, the Italian supermajor will focus on natural gas as a major driver of the energy transition, with plans to grow its gas portfolio to make up 85% of production by 2050. As these European majors set the stage for the industry, clients can expect to see players across the supply chain start to roll out decarbonization strategies and prepare for a future that is less dependent on fossil fuels. We are already beginning to see signs of this with recent commitments from Cenovus and Schlumberger.
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