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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
Independent producers’ scope three dilemma
Is it enough for pureplay upstream firms to concentrate solely on emissions within their control?
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
Funding sources for new oil and gas projects are increasingly constrained
Outlook 2022
Net zero Energy transition Project finance
Niels Kirk
Martin Copeland
23 November 2021
Follow @PetroleumEcon
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Outlook 2022: Mind the financing gap

Sources of capital for supply to meet future oil and gas demand are evolving

The headline-grabbing conclusion of the IEA’s 2021 World Energy Outlook was that “no new oil and gas fields are required” in their Net Zero Emissions scenario. This scenario sees global oil demand decreasing by over 40pc, to c.60mn bl/d, as soon as 2030. Even if the IEA was only drawing an axiomatic conclusion from its modelling, it was spun to the media as an IEA ‘call’ for no new oil and gas projects. This headline has certainly been latched onto by climate activists campaigning for no new project approvals. However, a less publicised—but equally important—conclusion from the same IEA report was that the only aspect of the net-zero pathway on which the world is currently on track is in the

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With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections

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