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New Zealand backs gas, but results take time
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
South Korea’s transition bottlenecks keep LNG in play
The country’s new government has grand plans for renewables, but the structural changes needed for these policies will take years to carry out
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LNG gets political
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Politics
Adi Imsirovic
20 September 2024
Follow @PetroleumEcon
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Oil & gas in pursuit of the energy transition, part 2: IOCs and climate change

European oil and gas firms are taking a different approach to the transition when compared with their American cousins. The second part of the fifth chapter of our history of oil and gas examines the ocean separating IOCs

Like any transition, the energy transition will be volatile for the market and all its participants. The first companies to feel the pressure of shareholders are the large IOCs. In a study, Peter Linquiti and Nathan Cogswell of George Washington University pointed out: “In a world with a strong climate policy, the value of these [fossil fuel] resources drop to about $110t, a decrease of $185t, or 63%.”  The strategies of the oil majors in terms of focus are an ocean apart. US firms ExxonMobil and Chevron are both doubling down on oil and gas resources, while their European counterparts began a transformation towards cleaner sources some time ago, with the goal of becoming ‘energy majors’. Th

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Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
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California refiners dreaming of heyday
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US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends

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