Darren Woods at the APEC summit in November
ExxonMobil charts own course on transition
The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries
Oil company executives find themselves on the receiving end of no shortage of sage advice about how they should proceed to cut their emissions and rebalance their new project investments amid the energy transition. From politicians to academics, media pundits, activists and consulting firms of all shapes and sizes, it seems everyone is trying to get in on this influence game. Much of this prevailing wisdom advises firms to simply go out and invest in big wind, solar and stationary battery projects as a main means of signalling their green virtues. It is a plan of action some major companies have attempted to follow with mixed results, as evidenced by recent major write-downs of offshore wind
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LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
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The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
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The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
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The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
