European governments have ambitiously raised targets for the energy transition, aiming for a net-zero carbon economy by 2050. In turn, there has been a significant push towards renewables and other low-carbon energy solutions. As Pierre Georges, Sector Lead for EMEA Utilities at S&P Global Ratings, explains, utilities that are aligned with these objectives are set to perform better over the coming decade
US oil majors ExxonMobil, Chevron and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
S&P Global Ratings has downgraded its outlook for a number of energy majors, driven by concerns around the energy transition and pressure on profitability.
Natural gas demand fell only 3% in 2020 as a result of COVID-19 but its future is looking bleaker, a new report from S&P Global has warned.
Jobs are under threat at Aberdeenshire-based energy service firm Proserv, it has emerged.
North-east energy service Proserv has highlighted “proactive measures” to protect the business amid challenging trading conditions after a leading credit ratings agency delivered a grave assessment of its future prospects.
America’s withdrawal from the Paris Climate Agreement at the insistence of President Trump should not hugely impact future clean energy initiatives, claim S&P Global Ratings, Chatham House and Sund Energy.
A global credit ratings agency said yesterday that its outlook remained negative for Total following the French oil and gas major’s full year results.
A global credit ratings agency today revised its outlook on Shell to positive after the oil major outstripped expectations for 2016.