Majors mull power puzzle
Financial and regulatory challenges are curbing the ambitions of major oil companies' ambitions to invest in the electricity supply sector
Industry and political posturing over the direction and speed of the global energy transition, which many hope will limit climate change and encourage carbon-neutral energy consumption, is pitting oil and gas firms against the electricity supply industry. Each sector seems to be encroaching on the other: some major oil companies are taking steps to enter the power sector, while utilities are taking aim at the transport fuels business. But underlying the rhetoric is the reality that these steps are so far largely marginal; enormous technical, and commercial challenges face each sector as companies migrate from their traditional sectors. For the oil industry, the challenges are further complic
Also in this section
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
