In comparison to the total emissions level, CCUS capacity is relatively insignificant and requires a collective effort from global government and industry leaders
COMMENT
Posted inExploration & Production
Next commodities supercycle will be driven by global energy transition: WoodMac
China’s dominance of renewables value chains will be key
Posted inExploration & Production
Middle East to lead global gas processing capacity growth through 2025
The Middle East will account for around 37% of global gas processing capacity growth by 2025
Posted inExploration & Production
Oil dips on China’s lower crude imports
Oil prices fell today as traders see first signs from China’s import data that crude may be getting too expensive for the buy-side
Posted inExploration & Production
Oil rises on crude stocks draw expectation, sidelining OPEC+ and Covid concerns
Oil prices rose today as market expectations for a draw in US crude inventories are sidelining concerns over the future of the OPEC+ deal and the expansion of Delta variant, for now
Posted inExploration & Production
World’s recoverable oil now 9% slimmer: Rystad Energy
Saudi Arabia still sits on the largest volumes of recoverable oil resources, followed by the US and Russia, according to a Rystad Energy assessment
Posted inExploration & Production
Oil falls on OPEC+ confusion and Covid-19’s spread
Oil prices fell today as the market priced in worries over the spread of the Covid-19 pandemic and some lack of confidence over OPEC+ maintaining output restrictions
Posted inExploration & Production
High prices tempt US shale but tapping OPEC+ inaction would take months
While US shale could try to take advantage of the OPEC+ deadlock, its monthly output is not expected to match the record achieved in 2019
Posted inExploration & Production
High prices tempt US shale but tapping OPEC+ inaction would take months
While US shale could try to take advantage of the OPEC+ deadlock, its monthly output is not expected to match the record achieved in 2019
Posted inExploration & Production
TotalEnergies looks to oil growth amid conflicting energy transformation strategy
Despite its rebranding, TotalEnergies has suggested that it does not intend to reduce its scope 1 and 2 emissions in the short-term at least