How majors can thrive in the age of transition – part four
Oil and gas majors need to comprehensively reimagine their future, ending the central role played by fossil fuels and plastics in the economy globally. This installment examines the long-term evolution of organisations
This series of articles explains how the majors with an interest in longevity should respond if they want to meet the various, often conflicting, demands from their stakeholders. A comprehensive energy transition strategy would enable the majors to manage these financial and non-financial demands, and thereby ensure their continued success during the age of the third energy transition. In a world that has the objective of ending the central role played by fossil fuels and plastics in the economy, decarbonising and waste management protect the oil and gas industry’s licence to operate in the short term. Broadening the product portfolio gives majors the ability to offset projected declines in
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
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