Need for Flex Drives US Permian M&A
Feb 26, 2021 11:50:am
Summary
by: Thierry Bros
As explained back in October, the on-going takeover flurry in the US Permian can be explained by major companies desperate need for flexibility in an energy transition world, where the forecasts are more and more difficult to establish. The Permian has proven to be extremely flexible with a reduction of 1.4mn barrels of oil equivalent (boe)/d, a drop of 17% in hydrocarbon production in just 2 months between March and May 2020. And now with oil prices above $60/barrel, Permian oil production should recover fast.
With a 26% production growth year .
Eni Raises its Decarbonisation Target
Feb 22, 2021 11:25:am
Summary Low-cost gas and business restructuring are on the agenda as the Italian company raises its net zero carbon ambitions.
by: William Powell
Italian energy major Eni has joined some of its European peers with the launch of its February 19 strategy that commits it to the full decarbonisation of all our products and processes by 2050. Last year the target for scope 1, 2 and 3 emissions was only 80% decarbonisation.
It said the plan, out to 2024, is concrete, detailed, economically sus.
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