How majors can thrive in the age of transition – part one
Oil and gas majors need to comprehensively reimagine their futures, ending the central role played by fossil fuels and plastics in the economy globally. This first instalment introduces fundamental principles
Back in 2015, I challenged oil and gas executives to imagine what was then generally considered an unthinkable scenario: disruption of their industry. I posited in an article that trends in renewable energy, battery technology and mobility— coupled with a growing focus among consumers, investors and governments on sustainability—could end the close correlation between economic growth and oil demand growth. It would not end oil or gas demand, but it could lead to a shrinking market for these products—which would leave oil and gas companies exceptionally challenged to deliver the growth shareholders expect. My advice to oil and gas companies was, therefore, to update their strategies with a ca
Also in this section
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
