Years of under-investment in new oil and gas reserves has created an investment deficit
Oil companies focusing on being oil companies
Persistent demand and the importance of the bottom line bring hydrocarbon investment back into focus
From its earliest days in the mid-19th century, oil and gas has always been an industry of trends. Most often, the trends develop due to new resource discoveries, technological advancement or, as we have seen in 2023, in response to evolving market pressures. One of the most remarkable takeaways from this year’s Ceraweek conference was a shifting trend in the messaging by industry senior executives who spoke at the event, which took place in Houston in early March. The messages from big company execs in previous years had gone out of their way to focus on ESG scores, emissions reduction and allocating more capital to investments in green projects outside of their firms’ core competencies. Ho
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
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
