Posted inNews

HSBC to stop financing new oil and gas projects

HSBC will stop financing new oil and gas fields as well as coal projects as part of its efforts to drive down global greenhouse gas emissions, the British financial services company has announced. HSBC said it would reject prospective oil and gas companies if more than 10% of their planned capital spending was dedicated to […]

Posted inExploration & Production

L&T’s hydrocarbon business secures ‘significant’ contracts

The hydrocarbon unit of L&T has secured two orders for its asset management and AdVENT business verticals. L&T Hydrocarbon, Asset Management (LTEH-AM), a new business vertical for Operations and Maintenance (O&M) and associated services in the global market, has secured its first integrated O&M contract from Vedanta Ltd, Cairn Oil & Gas division. This 5-year […]

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