Here’s why ESG investing will impact the oil and gas landscape in 2021.
Environmental, Social, and Governance (ESG) investing is rapidly becoming one of the most visible and durable megatrends in the oil and gas industry as momentum builds behind efforts to promote renewable energy, sustainability, and the energy transition. The pressure of ESG is being felt throughout the U.S. oil and gas value chain with the upstream sector facing the most scrutiny for its impacts on the environment, and the midstream for its social impact and governance structure.
Even amid the COVID-19 pandemic, which has had rattled global economics around the world in such a short time, investors are viewing the crisis as a major turning point for ESG investing in the long term alongside traditional financial metrics. In the energy industry, the perception of ESG has shifted from a nice-to-have feature to a must-have pre-requisite as it’s greatly influencing the way investors invest in the industry, which
The 2020 oil crisis has led to a crisis of confidence among the global workforce in the oil and gas industry, where 78 percent of professionals are now less secure in their jobs than they were a year ago
Women Rise Higher At Shell
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January 07, 2021
Stacie Pitts is set to become the most powerful woman in a world of men. Royal Dutch Shell, the largest global oil and gas global trader, has promoted Pitts now general manager of global gasoline to lead its crude-oil trading business. According to Bloomberg, which broke the story, Pitts will oversee buying and selling some eight million barrels of oil a day: enough to cover the entire demand of Italy, France, Spain, Germany and the UK.
Shell has elevated two other women to senior trading roles as well: Carolyn Comer, currently vice president of downstream strategy and portfolio; and Alice Acuna, who will be the new chief of liquefied natural gas trading. A fourth woman will be taking on a senior position: Karrie Trauth, as general manager for shipping and maritime technology.
Q&A: Why ESG Investing Will Impact Oil and Gas in 2021
Opportune Managing Director Amy Stutzman offers her thoughts on why ESG matters to the oil and gas industry, how mid-sized and smaller independent E&P operators can differentiate themselves from their peers and more.
Opportune LLP
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Environmental, Social, and Governance (ESG) investing is rapidly becoming one of the most visible and durable megatrends in the oil and gas industry as momentum builds behind efforts to promote renewable energy, sustainability, and the energy transition. The pressure of ESG is being felt throughout the U.S. oil and gas value chain with the upstream sector facing the most scrutiny for its impacts on the environment, and the midstream for its social impact and governance structure.
Halliburton to lay off more than 200 in Texas
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Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.Steve Gonzales, Staff / Houston Chronicle
Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.
The Houston oil-field services giant said the job cuts will take place at its Halliburton Energy Services in Carrollton, north of Dallas. The facility is expected to remain open, the company told the Texas Workforce Commission this month.
“Due to the unprecedented challenges presented by the COVID-19 pandemic and the global market impact continuing to be felt throughout the industry, [Halliburton Energy Services] continues to experience layoffs,” the company said.