The Energy Transition is upon us and one of the key challenges facing today’s oil and gas companies is: how do they address the fundamental changes that are needed in their business to adapt to, take part in and thrive in this radically new environment for energy companies? Governments and increasing numbers of shareholders areContinue reading “Big Oil and the Energy Transition: Out of their comfort zone?”
Monthly Archives: June 2020
Oil demand weak into next year…at least
The collapse in global oil demand looks set to continue into 2021 according to the International Energy Agency’s latest analysis. They conclude that demand won’t rise above the 2019 level of 99.8 mbd before 2022 or even 2023 depending on the path the coronavirus takes. If there is a second wave – as many fearContinue reading “Oil demand weak into next year…at least”
OPEC+ extends output cuts for a month
Prices rising but a challenge from compliance and a threat from the shale recovery Late last Friday night I was asked to comment by a well-known journal on what OPEC+ might do about oil production, given that their next meeting was fast approaching. I said I thought they would extend their 9.7 mbd cut fromContinue reading “OPEC+ extends output cuts for a month”
Capex challenges for the oil and gas sector
Negative outlook for US domestic production and its energy strategyEarlier this week I realised that output levels, and the profitability of production at these depressed price levels, was an interesting topic to look into since current oil prices appear too low to enable most producing countries and companies to operate profitably. Capital expenditure features heavilyContinue reading “Capex challenges for the oil and gas sector”
Global Energy Comment 