The energy transition opens up opportunities
Outlook 2022: Profiting from the transition
The shift to lower-carbon energy may disrupt legacy business models but will also present major opportunities for many oil and gas companies
The energy world is in transition. Following the Cop26 climate conference, it seems the industry is bending the emissions curve, with an average global warming of less than 2°C by 2100 in sight. There are, however, two particular aspects emerging from the debate that seem contradictory at first sight: the impossibility of full electrification of our economy; and the imperative to decarbonise our energy system. The first point means oil and gas is not going away anytime soon. The coronavirus-induced demand collapse is almost over, with global oil demand surpassing 100mn bl/d. Note that this is a full recovery, even without jet fuel demand returning to 2019 levels. The IEA provides a range of
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
