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Profitability remains a prerequisite for a credible energy transition—Repsol
Insisting that profitability must be maintained as energy companies transition from fossil fuels to clean fuels has enabled Repsol to ratchet up its climate neutrality ambitions, making the company an industry leader.
Outlook 2023: The role for oil and gas in the energy transition
Upstream M&A activity is not being deterred by the move towards decarbonisation
Outlook 2023: Financing oil and gas in the energy transition
The energy transition creates an enormous opportunity for oilfield services because of the critical role oil and gas still needs to play and because of the sector’s ability to act as lead innovator
Outlook 2023: Building the path to a just energy transition
With the right policies, security of supply should not be an opposing force to decarbonisation
Outlook 2023: Balancing the social and environmental impacts of the energy transition
The current supply crunch has brought concerns of a mismanaged energy transition to the fore for both the developing world and Western nations
No investor punishment for TotalEnergies loosening the purse strings
The European major’s upping of capex forecasts is not ringing alarm bells despite wider shareholder desire for discipline
Letter from South Africa: States and industry eye opportunities
Governments and private firms came together at Africa Oil Week to discuss how to ensure the continent’s hydrocarbons resources do not stay in the ground
Does Repsol point the way again for European peers?
The Spanish firm has form for leading where other firms swiftly follow
China’s energy demand faces headwinds
Economic difficulties mean the outlook for H2 remains highly uncertain despite planned stimulus measures
Europe must think outside the box on energy independence
Unquestionably, Europe is in a bind. And it may need to be a lot more innovative than its previous blinkered approach to achieve the necessary short-term wins
Fossil fuels remain an important player in Europe’s power mix
Outlook 2022
Electricity Energy transition
Phil Hewitt
29 November 2021
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Outlook 2022: Fossil fuels still have generation role to play

Extreme price volatility as electricity systems adapt to greater intermittent renewable penetration serves as a reminder of the role legacy assets still have to play

We have experienced a year of great change and volatility in global energy markets, as the world has gradually recovered from the Covid-19 pandemic. Power generation from renewable sources took on greater importance as countries looked to meet their net zero requirements, coal plants were phased out and many countries relied on gas-fired generation as a transitional resource when the wind did not blow or the sun did not shine. Soaring gas prices—due mainly to reduced supplies and higher demand as the world came out of the pandemic—regularly put electricity systems under pressure. The wholesale price of gas in December 2021 was approximately five times that of December 2020. Are these trends

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