The most bullish scenario it outlined still saw demand remain “broadly flat” in the next two decades as the world moves towards lower-carbon energy.
energy transition
Posted inProducts & Services
COVID-19 accelerates the energy transition: Adapt or perish
Trillions of dollars expected to flow through economic relief packages into deployment of low- and zero-carbon infrastructure
Posted inDRILLING & PRODUCTION
Lowering oil & gas price assumptions an important lever towards cleaner investment for BP
BP announced that it is revising its long-term price assumptions
Posted inProducts & Services
ESG Viewpoint: The move towards energy transition in the GCC
Simon Redmond, Senior Director, S&P Global Ratings, shares his view on the regional energy transition and the future for oil in the GCC
Posted inProducts & Services
DNV GL launches venture fund inspired by the “decade of transformations”
The venture fund will respond to the energy transition and fourth industrial revolution
Posted inProducts & Services
Xodus Group reveals new analysis showing need for rapid pivot to gas
Xodus predicts that crude oil and coal will decline to 1,500 Mtoe per year and 1,200 Mtoe per year respectively by 2040
Posted inDRILLING & PRODUCTION
BP exits three trade organisations on climate disagreements
The UK oil major reviewed its alignment with trade associations, and has decided to leave three US-based organisations
Posted inDRILLING & PRODUCTION
ADNOC plans to be one of the least carbon-intensive oil and gas producers
ADNOC CEO Dr. Sultan Al Jaber commented during the International Carbon Capture Utilisation and Storage conference in Saudi Arabia
Posted inDRILLING & PRODUCTION
BP sets ambition for net zero by 2050, fundamentally reorganises company
BP intends to host a capital markets day in September at which the leadership team will set out more information on BP’s strategy and near-term plans