PE Live: Energy transition only mildly impacted by low oil prices
While low demand and prices for oil and gas have pushed the transition down the list of priorities for many companies, the impact is likely to be only short-term
Oil and gas companies are maintaining their commitments to the energy transition during the recent period of low prices even if short-term financial pressures mean investment decisions are being delayed, a panel of expert speakers agreed on a PE Live webcast on the transition last week. Ahead of the discussion, professional services firm Deloitte conducted research into how executives regard the transition. It defined the transition as anything that moves away from hydrocarbon dependence across the economy, and for oil and gas specifically towards a greater reliance on cleaner energy sources. “Basically, a low-carbon future,” says Stanley E Porter, vice chairman, US energy, resources and in
Also in this section
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity
15 March 2024
Oil major explores potential expansion of Canadian project as investment in CCS gathers pace