A systemic approach to a lower carbon future
Oil and gas companies should embrace the inevitable transition away from fossils and look forward to the benefits of clean power
The oil, gas and petrochemicals industry has certainly been through some interesting years as it survived and adapted following the 2014 downturn. Some elements of the value chain, such as oil field service companies as well as engineering, procurement and construction (EPCs) ones have suffered more, with some struggling for survival. Our industry is fragile and may never again generate the high returns expected by investors. A global economic downturn, geopolitical issues and more producing countries returning to full production could all seriously affect the return on investment, and this may be happening right now with the Covid-19 crisis. In addition, growing global concerns about sustai
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