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Onshore wind

11/2/2026 News

Newport blade factory saved as European assets change hands

Government support for onshore wind has protected manufacturing jobs in the UK while Ørsted pulls out of onshore renewables in the UK and Europe.

Offshore oil and gas

Shearwater Platform with walkway leading to wellhead jacket. Off the coast of Aberdeen, Scotland, 2014.

11/12/2024 News

Shell and Equinor form largest UK North Sea oil and gas joint venture

Oil major Shell and Norway’s Equinor have announced plans to merge their UK North Sea assets to form the ageing basin’s largest oil and gas company.

Unconventionals

Aerial overview of unconventional drilling operations in flat, scrubby landscape

5/6/2024 News

Mega mergers continue in US unconventionals sector

US energy giant ConocoPhillips has bought Marathon Oil in a deal valued at $22bn, including $5.4bn in debt.

Carbon capture and storage

Graphic of a hand touching a dial with a CO2 sign

19/7/2023 News

ExxonMobil to secure tax break following Denbury CCUS deal

ExxonMobil is to acquire Denbury, a US carbon capture, utilisation and storage (CCUS) solutions and enhanced oil recovery (EOR) specialist, for $4.9bn. The oil major is expected to receive a tax break via the US Inflation Reduction Act (IRA) as a result.

Unconventionals

18/10/2023 News

ExxonMobil plans largest takeover in more than two decades, reinforcing its commitment to fossil fuels

ExxonMobil has unveiled plans to buy Pioneer Natural Resources in an all-stock transaction valued at some $60bn that would more than double ExxonMobil’s Permian Basin footprint and see the company dominating the US shale oil market. However, the deal is expected to face tough antitrust investigation by the Federal Trade Commission.

Offshore wind

19/11/2025 News

Shell leads wave of offshore wind portfolio shake-ups

A series of portfolio changes by leading developers including Shell, Qair and Ørsted signal a strategic shift across the global offshore wind sector, as companies adjust to changing market conditions and refocus their investment priorities.

Mergers and acquisitions

1/11/2023 News

Chevron to acquire Hess in $60bn deal

The acquisition of US independent operator Hess by California-based supermajor Chevron in a $60bn deal, inclusive of debt, is being touted by some industry observers as accelerating the trend of consolidation and big-money deals in the international oil and gas arena.

Mergers and acquisitions

Head and shoulders photo of Niall Henderson set again grey backdrop

6/8/2025 Comment / Niall Henderson

Recognising a key attribute of successful energy entrepreneurs

How do large energy corporates approach a new business relationship with small tech start-ups or technology developers? Here, Niall Henderson FEI, Global Head of Gas and Low Carbon M&A at BP, offers advice from his experience.

Oil and gas

Two men in hard hats and boiler suits standing amidst lots of large pipework, turning a large circular handle

EI Member only

1/4/2026 Feature / Brian Davis

IOCs to NOCs: the big trend of the last 75 years

Over the last 75 years since the first Statistical Review of World Energy was published, the biggest trend in the oil and gas sector has been the emergence of a profusion of nationalisation initiatives and the growth of state-owned national oil companies (NOCs), as the major independent oil companies (IOCs) – commonly known as the ‘Seven Sisters’ – lost control of much of the world’s fossil fuel resources, writes Brian Davis.