Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally.

Noble Corporation plc ("Noble") announces that the business combination with The Drilling Company of 1972 A/S ("Maersk Drilling") has been successfully completed.

Pipeline Technique (PTL), a market leader in the onshore and offshore infrastructure welding, coating, and technological engineering sector, has today completed its transformational acquisition of a trio of industry-leading energy infrastructure businesses from Stanley Black & Decker. This marks the second acquisition of 2022 for PTL – in April, the company acquired Global Project Services.

Equinor delivered adjusted earnings* of USD 24.3 billion and USD 6.72 billion after tax in the third quarter of 2022. Net operating income was USD 26.1 billion and the net income was reported at USD 9.37 billion.

Today, Propeller, a climate-tech fund that invests in and builds ocean-climate companies, announced its inaugural $100 million fund to support founders looking to address the climate crisis by advancing planet-saving, ocean-based science and technology solutions.

Leading harsh environment and deepwater drilling contractor, Dolphin Drilling, has confirmed that it will be activated on the Euronext N-OTC list as of Thursday, September 15, 2022.

Iran and Russia face significant challenges in their attempt to jointly develop offshore Iranian gas fields as Western sanctions against the two countries are likely to pose problems in sourcing tubing of sufficiently high grades, according to Rystad Energy’s research.

Chevron Corporation reports earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19 per share - diluted) in third quarter 2021. Included in the current quarter were pension settlement costs of $177 million. Foreign currency effects increased earnings by $624 million.

In 2021, Equinor paid USD 8.9 billion dollars in corporate tax to authorities. Through the tax contribution report, Equinor seeks to increase transparency on tax payments and principles.

Equinor’s optimized upstream portfolio in the US is now delivering some of the highest-value production in the company with some of the lowest carbon intensities.

Getech, a geoenergy and green hydrogen company, has signed a $1.1 million multi-year contract with a major international energy company for its ‘Globe’ platform and launched the next generation of this innovative tool that models the Earth’s evolution over the last 400 million years.

Revenue was up by 17.4% on a currency comparable basis, fueled by ongoing high client demand across markets, most notably renewables, and to a lesser extent infrastructure.

Energy security is essential for social, economic and climate progress and the responsibility of the energy industry in maintaining energy security has never been clearer, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (ADNOC).

More than 1800 suppliers in over 250 business sectors in 152 Norwegian municipalities delivered goods and services to the operation of Equinor’s fields on the Norwegian continental shelf (NCS) and onshore facilities in 2021. The value of the deliveries exceeds NOK 70 billion, representing close to 60 000 man-years in Norway, according to a new report by Bodø Science Park (KPB).

With over 600 million currently living without access to electricity in Africa, significant investments are needed across the entire energy value chain in order to make energy poverty history by 2030.