Europe sees greater societal pressure for greener policies than the US
Outlook 2022: European IOCs lead decarbonisation race
The region’s foremost operators are frontrunners in the global shift to lower-carbon energy
Corporate environmental policies have never faced such scrutiny before. Global net-zero carbon commitments are on the rise and pandemic-hit nations are putting environmental impact and low-carbon strategies at the heart of their recovery plans. The long-awaited Cop26 climate conference is only adding to this ESG pressure. When it comes to decarbonisation and transitioning into integrated energy companies (IECs), European oil majors are undoubtedly setting the pace among global competitors. BP aims to increase its annual low-carbon investment tenfold, to around $5bn/yr, by 2030. Not far behind, Shell will increase its investments to a more modest $2-3bn in the near future. BP is taking the mo
Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
