Finance News

Equinor has published its first Energy transition plan, which will be submitted for an advisory vote by shareholders at the company’s 2022 Annual General Meeting 11 May. The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions.

W&T Offshore, Inc. has acquired the remaining working interests in the oil and gas producing properties purchased earlier this year from an undisclosed private seller. The assets are located in Federal shallow waters in the central region of the Gulf of Mexico at Ship Shoal 230, South Marsh Island 27/Vermilion 191, and South Marsh Island 73 fields. The transaction had an effective date and closing date of April 1, 2022. Cash consideration of approximately $17.5 million was paid to the seller using cash on hand. Key highlights of the transaction are as follows:

Akselos, la eader in physics-based digital twins, announces a $16.5 million funding round, with participation from AT Capital Group, Future Energy Ventures, Japan Energy Fund and Shell Ventures.

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