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
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust