How majors can thrive in the age of transition – part four
Oil and gas majors need to comprehensively reimagine their future, ending the central role played by fossil fuels and plastics in the economy globally. This installment examines the long-term evolution of organisations
This series of articles explains how the majors with an interest in longevity should respond if they want to meet the various, often conflicting, demands from their stakeholders. A comprehensive energy transition strategy would enable the majors to manage these financial and non-financial demands, and thereby ensure their continued success during the age of the third energy transition. In a world that has the objective of ending the central role played by fossil fuels and plastics in the economy, decarbonising and waste management protect the oil and gas industry’s licence to operate in the short term. Broadening the product portfolio gives majors the ability to offset projected declines in
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV