Over the past couple of years, venture capitalists, PE firms and LPs have given the oil and gas sector a wide berth thanks to years of poor returns, chronic underperformance compared to sectors like tech and, lately, ESG concerns and the energy transition. But the ongoing oil price boom driven by high energy demand, supply bottlenecks and the Ukraine war has made the sector attractive again, and deep-pocketed investors are not immune to its charms. READ MORE
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