Posted inNewsEnergy Transition

Global oil and gas investments to grow $26 billion in 2022: Report

In 2021, global oil and gas investments hit $602 billion, but in 2022 investments will rise to $628 billion

Oil and gas investments around the world are set to increase by $26 billion this year, a four percent increase from last year, as the industry continues its recovery from an unprecedented downturn caused by the Covid-19 pandemic, according to Rystad Energy. In 2021, global oil and gas investments hit $602 billion, but in 2022 […]

Posted inEnergy Transition

Energy industry needs COP26 ‘post-mortem’: OPEC’s Barkindo

The energy transition must take place at a reasonable pace, and investments are still needed in the sector, according to a ministerial panel at ADIPEC

OPEC Secretary General Mohammad Barkindo has warned that the energy sector must “take stock” and perform a “holistic post-mortem” following the COP26 climate conference. During a panel at ADIPEC in Abu Dhabi, he said that the oil and gas sector was “targeted” during COP26, and that it was “clearly stated that this industry has no […]

Posted inNewsADIPECEnergy Transition

“No light switch” for turning off hydrocarbons: BP CEO

Goals need to be clearly defined for energy transition, Looney said.

The transition away from hydrocarbons towards more climate-friendly alternatives is a long-term approach that requires clear goals in order for success, the CEO of British oil and gas giant BP said on Monday. Governments around the world have begun to speed up policy reforms in line with climate challenge objectives. The global narrative, however, has […]

Posted inEnergy Transition

Editor’s letter: Climate change is a human issue

We can invest as much as we want in technology, but people will have to take action to combat climate change

We need to invest in technology, and it’s one of the most powerful tools in our arsenal as we take strategic action to combat climate change, but it is just that, a tool. If our technology transforms but our people and our mindset do not, well, we’re right back at square one. This was one […]

Posted inEnergy Transition

The energy transition must place people at the strategic centre

The energy transition will be powered not only by technology, but through cultural shifts, partnerships, and strategic investments, says Christian Cravedi, ABB SVP and hub manager for Energy Industries, India, Middle East, and Africa Region

The energy transition question is no longer about “if” the oil and gas sector should drive change, but “how” it will do so. As companies consider the energy mix of the future, they need partners to enable their transition. The efficiency question “Through the energy transition, we will have multiple sources of energy that must […]

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