NOCs are central for the economies of oil-producing nations
NOCs must straddle two worlds
Oil producers have to untangle the increasingly complicated relationship with their natural resources
Oil executives at Houston’s CERAWeek conference in March were patting themselves on the backs for excellent financial results and their mutual agreement that producing more fossil fuels is what the world needs. “We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately,” said the CEO of Saudi NOC Aramco, Amin Nasser. Around the same time, UN agency the World Meteorological Organization issued a report stating that: “Climate change indicators reached record levels in 2023.” In fact, these levels were far higher than what models predicted, making Gavin Schmidt, a climatologist and director of NASA’s Goddard Institute for Space Studies, admit that: “Climate
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20 April 2026
The region’s gas producers are investing heavily in the fuel in order to satisfy burgeoning demand resulting from economic growth and a shift to cleaner fuels
20 April 2026
The continent is home to mega-scale projects on both its east and west coasts as its growing economies see rising demand for gas
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
