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Royal Dutch Shell has announced its plans to act on global climate change by investing in natural ecosystems, including a $300m investment over the next three years to address carbon dioxide emissions.

As Shell tries to raise $15 billion in asset sales, Paul French examines the offshore activity that will help bring the company back into favour with investors The year didn't start well for Royal Dutch Shell.

The global enhanced oil recovery market size will grow to USD 59.4 billion by 2025 (forecast year) from USD 43.3 billion in 2020 (estimated year), at a CAGR of 6.5% during the forecast period. The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the enhanced oil recovery market, globally. Technological developments in advancements in shale oil & gas reserve development, production from oil sand, and deep-water drilling have led oil & gas production across regions, which creates opportunities for growth of the market.

According to the new market research report "Enhanced Oil Recovery Market by Technology (Thermal (In-Situ Combustion, Steam, Others), Chemical (Polymer, Surfactant, Alkaline Surfactant Polymer), Gas (CO2, Other Gas), Other EOR), Application (Onshore, Offshore), and Region - Global Forecast to 2025", The global enhanced oil recovery market size will grow to USD 59.4 billion by 2025 (forecast year) from USD 43.3 billion in 2020 (estimated year), at a CAGR of 6.5% during the forecast period. The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the enhanced oil recovery market, globally. Technological developments in advancements in shale oil & gas reserve development, production from oil sand, and deep-water drilling have led oil & gas production across regions, which creates opportunities for growth of the market.

The global enhanced oil recovery market size is projected to reach USD 59.4 billion by 2025 from an estimated USD 43.3 billion in 2020, at a CAGR of 6.5% during the forecast period. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the enhanced oil recovery market.

With the increasing production from mature oilfields, there are high growth prospects for the enhanced oil recovery market during the forecast period.The leading players in the enhanced oil recovery market include Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Royal Dutch Shell Plc (Netherlands), and BP Plc(UK).

Oil giant Exxon Mobil saw earnings slip on falling production, but could the earnings report show signs of a major shift for the company in the future?

As the world rapidly changes around us, some major companies have managed to continue raking in big profits by doing the same thing they've been doing for years.

Factors from the strong recent earnings report to the potential resolution of the protracted Greek crisis helped shares of major oil and gas companies to push higher today. Midcap options were largely ignored as mammoth mergers threaten to impact their strategies.

Stocks in the energy sector saw large gains despite dropping crude prices on news of major deals and better-than-expected earnings reports.