Cash-rich oil and gas sector eyes next investments
The industry might be poised to spend significant sums on low-carbon projects
The rest of this decade will be crucial for the oil and gas industry. Globally, the energy complex now faces looming questions around access, sustainability, security, affordability and the necessary transition to a low-carbon future. At the same, time oil and gas companies are now—after years of disruptions—seeing record cash flows that could help solve some of those problems. The experts at Deloitte, in partnership with Petroleum Economist, discussed these issues in a recent webinar, titled Striking the balance: How and where will oil and gas companies deploy their cash?, where they talked about the status of the oil and gas industry and laid out various scenarios for the sector’s next pha
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields