Related Articles
The role of NOCs in the energy transition is often overlooked
Outlook 2022
Forward article link
Share PDF with colleagues

Outlook 2022: NOCs face difficult transition

State-sponsored oil companies will either sink or swim as the energy transition gathers pace

NOCs account for about half of global oil and gas production, but their role in the energy transition is often overlooked. NOCs are complex institutions with different strengths and burdens than private companies. And as the world gradually shifts away from fossil fuels, they will follow different trajectories. Some have the cash and technical skills to increase output, but many are already struggling and will be crippled by the energy transition. It is dangerous to generalise about NOCs. Companies such as Saudi Aramco are among the world’s most sophisticated oil and gas operators, with a combination of industry-leading technology, engineering capacity and strong balance sheets. But other N



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US renewables sector faces near-term challenges
26 January 2022
Supply-chain issues and rising costs present short-term difficulties for sector poised for rapid growth
INOC sets the stage for oil uptick
26 January 2022
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
TotalEnergies quits Myanmar
25 January 2022
The French major is transferring its stake in the Yadana gas field to its partners
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video