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Huawei organiza una cumbre sobre energía: Energía digital, impulsar la era de bajas emisiones de carbono

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“Energy Trans-Cube”: crear nuevo valor para la industria

Después de firmar el Acuerdo de París en 2015, más países que nunca están comprometidos con la neutralidad de carbono y están tomando medidas positivas para abordar el cambio climático. Cada uno sigue un camino diferente en función de su perfil de recursos, energía y medioambiente. “A pesar de la fuerte voluntad de ser neutrales en emisiones de carbono, debemos tener en cuenta tres desafíos: el desarrollo ecológico y con bajas emisiones de carbono, el desarrollo económico, y la seguridad y la continuidad del suministro de energía. La convergencia de la transformación energética y la transformación digital allanarán el camino digital para la neutralidad de carbono”, afirmó David Sun, vicepresidente de Huawei Enterprise BG y presidente de la Unidad global de negocios de energía. Agregó: “Huawei ha desarrollado una metodología ‘transcúbica’. Sugiere que para acercarnos a un sistema de energía inteligente con cero emisiones netas de carbono y lograr el desarrollo global sin emisiones de carbono, debemos desarrollar tres capacidades fundamentales: transformación con cero emisiones netas de carbono, transformación energética y transformación digital”.

La primera capacidad (transformación con cero emisiones netas de carbono) ayudará a varias industrias a gestionar sus activos de carbono e implementar acciones de descarbonización adecuadas según sus contextos específicos. En el proceso, pasarán de bajas emisiones de carbono a casi cero emisiones y finalmente lograrán la neutralidad.

Luego, la transformación energética hará que la producción y el consumo de energía sean más confiables, seguros y eficientes, y se pasará de un solo sistema centralizado a uno diversificado, distribuido e integrado. El objetivo final es lograr la coordinación multienergética y optimizar la eficiencia.

Por último, pero no menos importante, se producirá la transformación digital. Con los datos como eje central, la transformación digital permitirá la transformación a cero emisiones netas de carbono y la transformación energética.

Publicación del informe técnico: Nuevas ideas para dirigir la industria

Según Guo Xiaobo, experto en energía de Deloitte China, lograr la neutralidad de carbono significa lograr la transformación energética y el desarrollo sin emisiones de carbono lo antes posible, utilizando más recursos renovables, cambiando la forma en que usamos la energía y utilizando nuevas tecnologías para reducir las emisiones. En función de esto, el informe técnico Transición energética global y desarrollo de carbono cero analiza los factores clave que afectan la transición energética y propone un nuevo plan para el sector energético: la creación de un sistema de energía inteligente con cero emisiones netas.

Dicho sistema se enfoca en la interconexión de sistemas de petróleo, gas, electricidad, calor e hidrógeno, y tiene como objetivo generar energía segura, confiable, eficiente, rentable y limpia. Anthony Hu, representante principal de Transición energética (Neutralidad de carbono) de la Unidad global de negocios de energía de Huawei Enterprise BG, señaló: “La arquitectura del sistema de energía inteligente con cero emisiones netas interconectará el sistema de energía, el sistema de carbono y la infraestructura de tecnología de la información y la comunicación (TIC), así como los flujos convergentes de energía, carbono, información y valor. Gradualmente, creará un sistema con datos como eje central, lo que promoverá la digitalización de la industria energética”.

Llevar los datos al barril, adoptar la inteligencia para crecer

La transformación digital y el desarrollo inteligente de la industria del petróleo y el gas aún se encuentran en sus inicios. Según Lv Gongxun, consultor sénior de Huawei y exgerente general de China National Corporation for Exploration and Development of Oil and Gas (CNODC), la transformación digital conlleva cuatro oportunidades para la industria: reconstruir e innovar modelos de negocios, transformar modelos de gestión y acelerar la transformación y el crecimiento del valor.

Lv Gongxun también analizó el valor de la nube para la industria del petróleo y el gas: “Las tecnologías de la nube permiten la planificación centralizada de los recursos de información, la gestión y el control inteligentes, el aprovisionamiento flexible, los servicios convenientes y la alta seguridad y eficiencia. Transformarán los modelos de negocios existentes”.

Las redes eléctricas son otra área importante de transformación energética, que evoluciona rápidamente con las nuevas tecnologías. En este contexto, Felix Chifwaila, gerente sénior de Servicios electrotécnicos de ZESCO, presentó el papel de la tecnología de video y la IA en la mejora de las capacidades de operación y mantenimiento de la red. Por ejemplo, visualizar los datos del canal genera menos riesgos operativos y hace que la inspección sea 80 veces más eficiente. La tecnología de video y la IA también ayudan a detectar fallas potenciales a tiempo, y ayudan a eliminar el 90 % de los apagones cada año. Tener una plataforma de inspección inteligente y aplicaciones conduce a una respuesta de emergencia y mantenimiento un 30 % más eficiente. El Sr.  Chifwaila señaló: “ZESCO espera seguir cooperando con Huawei, lo que ayudará a ZESCO a convertirse en un centro de energía regional para la transformación digital”.

La TIC y la TO impulsan la transformación digital energética

“Como proveedor de servicios de sistemas de tecnología de operación (TO), DFE coopera activamente con proveedores de TIC, entre ellos, Huawei, para complementar las fortalezas de cada uno, promover la transformación digital energética y desarrollar soluciones inteligentes e innovadoras”. —Fang Zhengji, gerente general de DFE. Presentó las soluciones innovadoras que DFE desarrolló con Huawei: sistema inteligente de inspección de subestaciones y sistema automático de inspección de líneas de transmisión. Con las tecnologías de DFE y Huawei, las dos soluciones ayudan a las empresas a promover su transformación digital e inteligente.

Al igual que muchas otras compañías, Huawei comenzó como una empresa nativa no digital. Esto significa que ha acumulado una vasta experiencia y lecciones aprendidas a través de proyectos internos y prácticas de la industria. Tiene una comprensión de primera mano de los desafíos que enfrentan las empresas tradicionales durante la transformación digital y ha allanado un “camino digital” para la transformación y el desarrollo de la industria energética.

Huawei organiza HUAWEI CONNECT 2021 en línea del 23 de septiembre al 31 de octubre. La temática del evento de este año es “sumergirse en lo digital”. Profundizaremos en la aplicación práctica de tecnologías como la nube, la IA y 5G en todas las industrias, y cómo pueden hacer que las organizaciones de todo tipo y tamaño sean más eficientes, más versátiles y, en última instancia, más resilientes a medida que avanzamos hacia la recuperación económica. Para obtener más información, comuníquese con nuestro equipo local o visite https://www.huawei.com/en/events/huaweiconnect

Para obtener más información sobre el informe técnico Transición energética global y desarrollo de carbono cero, haga clic en Global Energy Transition and Zero Carbon Development White Paper

Fotografía: https://mma.prnewswire.com/media/1633801/image.jpg

FUENTE Huawei

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SOURCE Huawei

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Source: https://www.prnewswire.com:443/news-releases/huawei-organiza-una-cumbre-sobre-energia-energia-digital-impulsar-la-era-de-bajas-emisiones-de-carbono-877736405.html

Energy

Desert Peak Minerals Inc. Launches Initial Public Offering

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DENVER, Oct. 28, 2021 /PRNewswire/ — Desert Peak Minerals Inc. (“Desert Peak”) announced today that it has launched an all primary initial public offering of 10,000,000 shares of its Class A common stock (“common stock”) at an anticipated initial offering price between $20.00 and $23.00 per share pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Desert Peak intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “DPM,” subject to official notice of issuance.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as lead book-running managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the preliminary prospectus may be obtained from any of the following sources:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
[email protected]

Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
6933 Louis Stephens Drive
Morrisville, NC 27560
Telephone: 1-800-221-1037
[email protected]

UBS Securities LLC
Attention: Prospectus Department
1285 Avenue of the Americas
New York, NY 10019
Telephone: (888) 827-7275
[email protected]

About Desert Peak Minerals Inc.

Desert Peak Minerals Inc. was founded by Kimmeridge to acquire, own and manage high-quality Permian Basin mineral and royalty interests with the objective of generating cash flow from operations that can be distributed as dividends and reinvested to expand its base of cash flow generating assets. Desert Peak is a leading independent Permian Basin pure-play mineral and royalty company and has accumulated over 100,000 net royalty acres (when normalized to a 1/8th royalty equivalent) through the consummation of over 175 acquisitions to date.

Important Information

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov under “Desert Peak Minerals Inc.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the size, timing or results of the initial public offering, represent Desert Peak’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Desert Peak’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Desert Peak does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Desert Peak to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with Desert Peak’s initial public offering. The risk factors and other factors noted in Desert Peak’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement.

Contacts

Desert Peak Minerals Inc.
Carrie Osicka
Chief Financial Officer
(720) 640-7651

SOURCE Desert Peak Minerals Inc.


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Source: https://www.prnewswire.com:443/news-releases/desert-peak-minerals-inc-launches-initial-public-offering-301410886.html

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Insights on the Memristors Global Market to 2026 – Growth of Electronics Industry Expected to Boost the Demand

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DUBLIN, Oct. 28, 2021 /PRNewswire/ — The “Memristors Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.

The memristors market was valued at US$1,126.123 million in 2019 and is expected to grow steadily during the forecast period. Memristors limit or regulate the flow of electrical current in a circuit and keep track of the amount of charge that has passed through them previously. Because their memory is non-volatile, memristors can retain information without power. The use of memristors is widespread in portable electronics, industrial robotics, supercomputers, servers, and data centres.

Memristor’s market share is dominated by the electronics and IT & telecommunication industries. In comparison with other memory elements, memristors have the key advantage of assisting electronic device manufacturers with developing devices with neural architecture. Memory memristors are being considered as a possible replacement for CMOS in storage class memories as they possess outstanding performance characteristics, such as fast writes, low energy consumption, ease of scaling, ease of integration with three dimensions, and compatibility with traditional CMOS fabrication methods.

Market growth has primarily been driven by the advantages of memristors over other memory technologies, an increase in industrial robots that require memory, the rise of smartwatches, smartphones, and other smart wearables, as well as the rise in data centres around the world. While the Internet of Things (IoT) trend grows, there are new opportunities in the market for memristor players.

Growth Factors

Growth of electronics industry expected to boost the demand

With the rise in memory density and power demands in the consumer electronics sector, there is a continuous increase in performance demands for Memristors. As the consumer electronics sector adopts memristors, the demand will be driven mainly by wearable devices and connected devices, which are expected to witness tremendous growth during the forecast period. According to new data from the International Data Corporation (IDC), global shipments of wearable technology reached 153.5 million in the fourth quarter of 2020, representing an increase of 27.2% over the same period in the previous year. IoT and AI are driving memristor’s use to an even greater extent.

An AI consortium was announced by Crossbar Inc. and Robosensing Inc. in February 2019, which could deliver a greatly accelerated, power-saving AI standard and platform that will enable new AI functions at the edge, in gateways, and across clouds and data centres. United States has the world’s largest private AI investment market, which includes start-ups and large companies. In March 2019, the government of the United States launched AI.gov to allow anyone to find out more about the government’s ongoing AI initiatives. As of September 2018, the US government has announced it will invest up to $2 billion in the future of artificial intelligence. These trends indicate that memristor adoption is likely to increase during the forecast period.

Restraints

High cost and alternatives

As a result of the high initial cost and the fact that they are still being developed, there are many threats such as error rate, reliability, programming ease, etc., which can cause the memristor market to decline. Further, companies like Rambus, Panasonic & Crossbar are also developing Resistive RAM Technologies, which can be used instead of memristors.

Covid-19 Impact

Despite the COVID-19 pandemic’s disruption of manufacturing supplies and temporary shutdowns, the effects on artificial intelligence are still looming. Wearable devices are becoming more popular as people become more health-conscious; the ever-growing AI and IoT sectors during COVID -19 have resulted in a booming market for memristors.

Key Topics Covered:

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Memristors Market Analysis, By Type
5.1. Introduction
5.2. Molecular and Ionic Thin Film
5.3. Spin and Magnetic

6. Memristors Market Analysis, By Applications
6.1. Introduction
6.2. Digital memory
6.3. Logic circuits
6.4. Biological and Neuromorphic Systems
6.5. Others

7. Memristors Market Analysis, By Geography
7.1. Introduction
7.2. Americas
7.2.1. Americas Memristors Market, By Type, 2020 to 2026
7.2.2. Americas Memristors Market, By Applications, 2020 to 2026
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Others
7.3. Europe Middle East and Africa
7.3.1. Europe Middle East and Africa Memristors Market, By Type, 2020 to 2026
7.3.2. Europe Middle East and Africa Memristors Market, By Applications, 2020 to 2026
7.3.3. By Country
7.3.3.1. Germany
7.3.3.2. France
7.3.3.3. United Kingdom
7.3.3.4. Others
7.4. Asia Pacific
7.4.1. Asia Pacific Memristors Market, By Type, 2020 to 2026
7.4.2. Asia Pacific Memristors Market, By Applications, 2020 to 2026
7.4.3. By Country
7.4.3.1. China
7.4.3.2. Japan
7.4.3.3. India
7.4.3.4. Others

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles
9.1. Toshiba
9.2. Samsung
9.3. Texas Instruments
9.4. IBM
9.5. Fujitsu
9.6. Intel
9.7. Micron
9.8. Unity Semiconductor
9.9. Sony
9.10. Hewlett-Packard

For more information about this report visit https://www.researchandmarkets.com/r/jc3qc0

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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Source: https://www.prnewswire.com:443/news-releases/insights-on-the-memristors-global-market-to-2026—growth-of-electronics-industry-expected-to-boost-the-demand-301410843.html

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bp and Infosys to Develop ‘Energy as a Service’ Solution for Campuses and Cities

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Infosys and bp intend to co-develop a digital platform that can collect data from multiple energy assets and use artificial intelligence to optimize the energy supply and demand for power, heat, cooling and EV charging. The companies will pilot the digital platform at the Infosys Pune Development Center – in an environment that replicates a small city, where energy is generated, stored, and consumed at multiple points. Once the pilot is successful, they will aim to roll this model out across other Infosys campuses in India, and with some clients, to help manage energy and help reduce emissions.

In addition, the companies have agreed to collaborate on integrating solar energy production into the campus’ energy system. Energy that is generated through this integration will be monitored and optimized by the digital platform and can be stored or redirected to the building power supply, heating and cooling systems, and also to an EV charging infrastructure.

Sashi Mukundan, President, bp India and Senior Vice President, bp Group, said, “At bp, we set out to provide solutions to enable cities and hard to abate industries decarbonize. Integrating advances in energy, mobility and digital technologies and services has huge potential to accelerate the progress towards a more sustainable and resilient future. By bringing together our complementary capabilities, products, and services from bp’s different joint ventures in India, bp and Infosys can help each other – and our customers – achieve energy and sustainability goals faster.”

Pravin Rao, Chief Operating Officer, Infosys, said, “Infosys shares bp’s ambitions for a net zero carbon future. Our collaboration with bp further strengthens our long-standing commitment towards sustainability and supports our ambitious ESG goals. We will now bring together the best of digital technologies – advanced AI, connected digital systems, experience design, analytics – and decarbonization to create an integrated energy and mobility offering. Together, bp and Infosys can create compelling and sustainable value for our customers globally.”

bp in India

With a century-long business presence in India, bp is one of the largest integrated energy companies in the country. In addition to their gas value chain partnership, they have a major retail, aviation fuels and mobility alliance, Jio-bp. bp’s activities in India also include Castrol lubricants, oil and gas trading, clean energy projects through its investment in the Green Growth Equity Fund (GGEF), IT applications and delivery activities, an AI enabled new global business services center and a digital innovation hub, staffing and training for the global bp marine fleet, and the recruitment of skilled Indian employees for bp’s global businesses.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2021. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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Source: https://www.prnewswire.com:443/news-releases/bp-and-infosys-to-develop-energy-as-a-service-solution-for-campuses-and-cities-301410882.html

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Ranked: The Largest Oil and Gas Companies in the World

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The Largest Oil & Gas Companies in 2021

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

The pandemic brought strong headwinds for the oil and gas industry, and oil majors felt the blow.

Global primary energy consumption fell by 4.5% relative to 2019 and oil demand declined by 9%. For a brief period in April 2020, the price of West Texas Intermediate (WTI) crude futures went subzero, marking the largest one-day price plunge since 1983.

Some expected the demand crash to have a lasting impact on the industry, but it’s safe to say that 2021 has proved otherwise.

Oil Resurfaces as Energy Crisis Deepens

The world is facing a shortage of energy, and peak winter is yet to hit most parts of the globe.

Pandemic-induced supply restraints from producers, in addition to rising energy demand from recovering economies, have sent nations scrambling for petroleum products. Consequently, oil prices are resurfacing to pre-pandemic levels.

As of today, prices of WTI crude futures are at their highest levels in the last five years at over $80 per barrel. Furthermore, U.S. natural gas prices hit a 7-year high of $6.5 per million British thermal units (BTU) earlier this month. Elsewhere, European benchmark natural gas futures have surged 1,300% since May 2020.

Of course, the largest oil and gas companies are riding this wave of resurgence. Using data from CompaniesMarketCap.com, the above infographic ranks the top 20 oil and gas companies by market cap as of October 7, 2021.

Big Oil: The Largest Oil and Gas Companies by Market Cap

Given that we often see their logos at gas stations, the largest oil and gas companies are generally quite well-known. Here’s how they stack up by market cap:

Rank Company Market Cap* (US$, billions) Country
1 Saudi Aramco $1,979 Saudi Arabia 🇸🇦
2 ExxonMobil $257.30 U.S. 🇺🇸
3 Chevron $205.29 U.S. 🇺🇸
4 Shell $175.28 Netherlands 🇳🇱
5 PetroChina $162.55 China 🇨🇳
6 TotalEnergies $130.56 France 🇫🇷
7 Gazprom $121.77 Russia 🇷🇺
8 ConocoPhillips $95.93 U.S. 🇺🇸
9 BP $93.97 U.K. 🇬🇧
10 Rosneft $84.07 Russia 🇷🇺
11 Equinor $83.60 Norway 🇳🇴
12 Enbridge $82.82 Canada 🇨🇦
13 Sinopec $80.48 China 🇨🇳
14 Novatek $79.18 Russia 🇷🇺
15 Duke Energy $78.08 U.S. 🇺🇸
16 Petrobras $69.91 Brazil 🇧🇷
17 Southern Company $66.64 U.S. 🇺🇸
18 Lukoil $64.70 Russia 🇷🇺
19 CNOOC $52.04 China 🇨🇳
20 Enterprise Products $50.37 U.S. 🇺🇸

*As of October 7, 2021.

Saudi Aramco is one of the five companies in the trillion-dollar club as the world’s third-largest company by market cap. Its market cap is nearly equivalent to the combined valuation of the other 19 companies on the list. But what makes this figure even more astounding is the fact that the company went public less than two years ago in December 2019.

However, the oil giant’s valuation doesn’t come out of the blue. Aramco was the world’s most profitable company in 2019, raking in $88 billion in net income. Apple took this title in 2020, but high oil prices could propel Aramco back to the top in 2021.

Although Standard Oil was split up a century ago, its legacy lives on today in the form of Big Oil. ExxonMobil and Chevron—the second and third-largest companies on the list—are direct descendants of Standard Oil. Furthermore, Shell and BP both acquired assets from Standard Oil’s original portfolio on the road to becoming global oil giants.

The geographical distribution of the largest oil and gas companies shows how global the industry is. The top 20 oil and gas companies come from 10 different countries. The U.S. hosts six of them, while four are headquartered in Russia. The other 10 are located in one of China, Brazil, Saudi Arabia, or Europe.

Big Oil, Bigger Emissions

Due to the nature of fossil fuels, the biggest oil and gas companies are also among the biggest greenhouse gas (GHG) emitters.

In fact, Saudi Aramco is the world’s largest corporate GHG emitter and accounts for over 4% of the entire world’s emissions since 1965. Chevron, Gazprom, ExxonMobil, BP, and several other oil giants join Aramco on the list of top 20 GHG emitters between 1965 and 2017.

Shifting towards a low-carbon future will undoubtedly require the world to rely less on fossil fuels. But completely shunning the oil and gas industry isn’t possible at the moment, as shown by the global energy crisis.

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Source: https://www.visualcapitalist.com/ranked-the-largest-oil-and-gas-companies-in-the-world/?utm_source=rss&utm_medium=rss&utm_campaign=ranked-the-largest-oil-and-gas-companies-in-the-world

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