Although national oil companies will work on decarbonisation goals, higher investment to ramp up oil and gas production will take centre stage for national oil companies.
NOCs
Posted inNews
Opinion: How Middle East oil companies should respond to higher oil prices
The recent surge in the oil price is an opportunity for National Oil Companies (NOCs) in the Middle East to reinforce their commitment to transformation. For the moment, profits are plentiful and providing ample funding to their host governments’ budgets. However, the long term pressure on the oil price remains significant and there are no […]
Posted inEnergy Transition
How the oil and gas industry can turn climate-change ambition into action
As the stewards of GCC economies, NOCs have a great responsibility to help turn climate change ambitions set by governments into action
National oil companies (NOCs) in the GCC have started to articulate ambitious plans to reduce the greenhouse-gas (GHG) emissions from their operations, which are also part of national agendas against climate change. These goals are challenging, and require NOCs to turn these ambitions into actions. At the same time, NOCs must manage perceptional and commercial […]
Posted inEnergy Transition
GCC producers may be better placed than oil and gas majors during energy transition
NOCs and other government-owned players could have an easier time navigating the energy transition, S&P Global Ratings says
S&P Global Ratings thinks the Middle East’s national oil companies (NOCs) and state-owned players in the energy sector are better placed than most global peers to weather the increasing and accelerating impact of the energy transition, according to a new report. “Notably, we believe regional shareholder structures, benefiting from government ownership and the expectation of […]