Related Articles
Forward article link
Share PDF with colleagues

Equinor backs oil and gas for longer

The Norwegian heavyweight is more optimistic about hydrocarbons than BP. But that may be driven by circumstance

Equinor released its annual long-term global energy scenarios in November, just weeks after counterpart BP. The two firms’ outlooks appear to be driving their corporate strategies—but it is also perhaps the case that the latter is impacting the former. Both companies are shifting gears to accommodate the transition to lower-carbon energy, as reflected at least to some degree in all six of their energy scenarios. But BP is planning to upgrade renewables in its energy portfolio, and downgrade oil and gas, much quicker than Equinor, reflecting relative respective optimism and pessimism across its three scenarios. According to Spencer Dale, chief economist of BP, when releasing Energy Outlook

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
North Sea independents aim to reap carbon footprint benefits
3 December 2021
Two of the basin’s larger producers consider ways to cash in on relatively greener production
Southeast Asian NOCs take different paths
3 December 2021
Petronas, PTT and Pertamina are pursuing divergent strategies after coming to dominate the region’s upstream in recent years
Aramco back to petchems drawing board
3 December 2021
The Saudi heavyweight’s international downstream expansion strategy will need another reboot
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video