Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Shell makes Malaysian FID
Peak production on the Timi gas development is forecast at 50,000bl/d oe
Malaysia awards another offshore block to Shell
The major has been awarded another block by NOC Petronas, but government involvement remains vital
Shell greenlights Whale venture
Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable
Malaysian indie Hibiscus eyes regional growth
The company’s expansion will not end with its recent acquisition of Repsol assets in Southeast Asia, says managing director Kenneth Pereira
Iraq and IOCs: A complex web
Baghdad needs to improve its relationship with international partners. But beware assuming there are easy answers
Letter from Africa: Upstream opportunities abound as majors step back
There are plenty of large sellers and smaller buyers, but there may be a medium-size missing piece
Indonesia’s upstream shifts as IOCs exit
State-owned Pertamina may see further expansion of its role if more international firms exit without finding alternative buyers
Letter from London: How will scope three emissions work in practice?
Carbon intensity of upstream production could become a mere sideshow as and when decisions are made over the allocation of a barrel of oil’s carbon footprint across the value chain
Malaysia sweetens upstream deals
The country is taking measures to encourage IOC interest in its latest licensing round
US oil sector champions methane controls
Biden administration hopes to fast-track emission restrictions, a popular measure among many large-cap operators
Shell Covid-19
Alex Forbes
Gastech Virtual Summit
14 September 2020
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Covid-19 a ‘dress rehearsal for peak oil and gas’ – Shell

The impacts of the coronavirus on energy consumption and prices hold crucial lessons for when oil and gas demand peak, says Maarten Wetselaar

Last week’s Gastech Virtual Summit was an opportunity to take the pulse of the natural gas industry at a time when decarbonisation is high on the political agenda. One clear message from Shell is that the Covid-19 pandemic has hardened its determination to accelerate its transition to a net-zero carbon company by 2050 – and preferably sooner. “If you look at what has happened, you could say it is a dress rehearsal for the moment that oil and gas demand really peak,” says Maarten Wetselaar, Shell’s director of integrated gas and new energies. He believes that peak oil and gas demand are still some way off, with demand for both commodities staging a recovery before reaching their respective pe

Also in this section
Gas pricing finds a new norm
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
Major upstream decline threatens Mexico’s energy security
27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
Namibia eyes diversifying energy mix as oil stalls
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
Offshore industry overcoming arch foes
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search