Letter from Rotterdam: Oil and gas go AWOL
With just a small presence from the oil and gas industry, the World Energy Council’s biennial congress gave a stark reminder of Europe’s energy priorities
The World Energy Council held its 26th congress in April this year in Rotterdam, almost a hundred years after the organisation convened its first conference. However, some very prominent oil and gas companies were conspicuous in their absence this year. All the energy doublespeak was focused on emissions abatement and carbon neutrality goals. There was little or no acknowledgement of the energy shocks of the last few years, even though the last Congress—the 25th—had been scheduled for St Petersburg in 2022, before being cancelled in the fallout from the Ukraine invasion. Sustainability not security was top of the agenda. Indeed, the panel session speakers seemed to comprise more NGOs than CE
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised