Renewables are in demand
Oil and gas firms need scale to win over transition doubters
Lower rates of return and competition for assets pose challenges as producers and traders seek to scale up in renewables
Investors will not reward integrated oil and gas companies for their energy transition strategies until they start to deliver projects at the scale and pace required to achieve net zero, and with the right with rates of return, according to speakers at the FT Global Commodities Summit. Europe’s oil and gas majors have all in the last 12 months set out ambitious strategies to pivot their businesses to meet net-zero emissions targets. Share prices have shown little response— although the impact of the Covid-19 pandemic on oil demand and prices has also weighed on valuations during the last year. “You will start to see the share prices respond over time” Knipe, Oliver Wyman “At the mome
Also in this section
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
8 April 2025
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
