Financing oil and gas projects has become the industry’s Achilles’ heel
Energy Council sees worsening underinvestment in oil and gas
But CEO Miller says surge in Middle East and Asia funding, creative solutions and ‘nuanced’ approach to transition offer hope
Financing oil and gas projects has become the industry’s Achilles’ heel, leading to chronic underinvestment. Speaking to Petroleum Economist, Energy Council CEO Amy Miller warned that, while the trend is likely to worsen, a surge in funding from the Middle East and Asia, creative solutions, and tying projects to energy transition goals all provide pathways to success. Miller talked up the crucial role that gas will play in the long run, not just in terms of a stable and secure supply but also in meeting decarbonisation goals. The Energy Council, which connects executives to finance energy investments and hosts the World Energy Capital Assembly in November, sees a huge role for the oil and ga
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
