Next-generation technologies need clear data
Collaborative data key to decarbonisation shift
Hydrocarbons sector is embracing digital technologies to stay financially competitive, but innovation will also ease the transition to low-carbon energy
Things are looking up for low-carbon energy. In the last year, China announced a 2060 deadline for carbon-neutrality, the EU Parliament backed a binding target of 2050 for the same landmark, and the US re-entered the Paris Agreement. Today, all eyes are on wind and solar to deliver the change that governments and industry globally recognise as essential. Of course, that change cannot happen overnight. If we want to maximise our progress we must manage not just what we are moving towards, but also what we are moving away from. As well as looking up at the blue skies of new energy we need to look down at the reality on the ground, at the oil and gas which still power the modern world, and thin
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
