Economic case for a major energy transition is clear
Oil and gas must face climate change head on
Pushing for more fossil fuels is counter-productive to hydrocarbons’ important long-term role
The IEA has faced an onslaught of criticism from both the left and the right of the political spectrum since the publication of its Net Zero by 2050: A Roadmap for the Global Energy Sector report in May 2021. However, the fiercest criticism has come—directly or indirectly—from some quarters of the oil and gas industry itself: from Saudi oil minister Prince Abdulaziz bin Salman calling it “La La Land” to the report by the Energy Policy Research Foundation (EPRF) labelling it as a “seal of approval… to block investment in oil and gas production by Western companies”. The EPRF describes itself as a “not-for-profit organization that studies energy economics and policy issues with special emphasi
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The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
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E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
