Jan 2021

Gas and renewables have both been resilient during the pandemic, but pressure to decarbonise will soon challenge gas and LNG

Gas and renewables have both been resilient during the pandemic, but pressure to decarbonise will soon challenge gas and LNG

Denmark will probably need CCS and hydrogen to meet its ambitious target of cutting GHG emissions by 70pc by 2030—twice the reduction it has achieved to date

The president-elect is putting together a formidable group, partly subject to Senate approval, to spearhead top-priority policy area

Canberra is providing exploration grants for Northern Territory shale play with the potential to rival the US Marcellus

Canberra is providing exploration grants for Northern Territory shale play with the potential to rival the US Marcellus

Electrification and sector coupling will be important components of the energy transition, if taxation is adjusted to create a level playing field

Wind and solar PV power will continue to grow in 2021 after increasing market share last year—but coal may be set for mini-revival

Climate funds and MDBs are providing essential investment for the continent’s energy transition, but arrangements are complicated and scale is lacking

Reducing carbon emissions is an important and necessary aim—but it should not allow us to ignore the energy needs of the billions of underprivileged people around the world

The technology to deliver net-zero carbon emissions is in place. How to fund this energy transition, however, is the next big challenge

The technology to deliver net-zero carbon emissions is in place. How to fund this energy transition, however, is the next big challenge

Ottawa has updated its climate change plan to overshoot its Paris Agreement target

While many EU energy companies have set ambitious carbon emission targets, their remuneration policies lag far behind

Thermal capacity is expected to grow threefold by 2030, helping industrial sectors to increase their use of renewable energy

Policy must keep pace with climate pledges, if governments and investors are to turn the energy transition into reality

Success in both races hands the Democrats control of the Senate and gives the president-elect much greater room to manoeuvre

The company is looking to establish a newco on the LSE, while also divesting its Tamar stake

Government and companies are working together to ‘green’ the country’s industrial base and achieve net-zero emissions by 2050

Dallas Fed finds just one-third of E&P companies in the region plan to cut carbon emissions over the next five years, with oil and gas capex set to rise

The Brazilian producer revises down its 2021 crude production forecast but still has ambitious long-term pre-salt growth plan

The business models of refining incumbents face disruption from integrated new entrants

An unwinding of some Covid-related effects might challenge VLSFO’s initial IMO 2020 win

The temporary destruction of energy demand may mean Covid-19 is the turning point for the energy transition

The Asian heavyweight looks poised to knock the US off its perch

Flows out of the Gulf Coast—and their influence on global pricing—are set to rebound further in 2021

The Democrat victories in Georgia dramatically change the political picture but do not pose an existential threat to the shale patch

Norway-focused producer’s traditional/lower-carbon balancing act fails to set it apart from its peers

Announcement of the scheme is encouraging, but it will not be effective until an absolute cap is placed on emissions

Investors are turning their attention to the banking sector, which pours billions into hydrocarbons each year despite committing to support net-zero by 2050

Important updates to the legislation that covers 45Q tax credits mean the industry can now implement plans held up by financing uncertainty

Coal-replacement has made a huge contribution to CO₂ mitigation, but LNG’s social licence will increasingly depend on reducing its carbon profile

The past offers painful warnings against the temptations that 2021 may bring

Chinese companies have strengthened their already healthy position in the Iraqi oil and gas sector as other IOCs back off

Further production cuts led by Saudi Arabia could signal the start of a US oil sector recovery, but potential headwinds remain

The major snaps up a portfolio including an asset already in production, while Equinor remains at the testing phase

The decision by Lloyd’s of London to exit coverage for the most polluting fossil fuel projects may just spur creation of underwriting capacity elsewhere

No future rounds to award new E&P licences will take place. Given recent exploration activity, it is unlikely anyone will care

The pandemic has increased government and investor focus on the fragility of the global economy and natural resources

The EU is widely expected to reduce the supply of EUAs as part of its efforts to hit net-zero by 2050, on top of recent reforms

Green bonds are set for a bumper year throughout Western Europe, and development of a UK market is not expected to be hampered by London losing its passporting rights

A Q4 M&A upswing proved there are still consolidation opportunities and the Texas/New Mexico basin will remain the hotspot

Repsol and others see synthetic fuel as the most viable long-term alternative to kerosene, but state support is vital

The French firm is hitting the road, but its European peers are sticking with the API for the time being

Equinor’s latest offshore wind power deal with New York state has been described as a momentous development for renewable energy production in the US

Significant regional changes hurried along by the pandemic will permanently alter global dynamics

If Russia can marshal allies to seize control of the producers’ group, it might respond to structural demand concerns with a volume-over-value strategy

Renewed political upheaval augurs ill for oil sector development plans

Well-intentioned policies can have profoundly damaging consequences. Hopefully, the world takes note as it seeks to meet the Paris goals

Commitment to net-zero by 2060, combined with interim targets, has bolstered confidence within the wind and solar sectors

Mainstream Renewable Power pushes ahead with global construction programme and planned IPO

Outdated energy trading models must be replaced with ones that are more competitive and suitable for renewables if the continent is to attract the investment it needs for the energy transition

Canadian midstream firm rails against federal executive order calling for Line 5 pipeline closure

An exit from the midstream gives the PetroChina subsidiary a war chest and proves the logic of the country’s gas market rationalisation

The incoming US government faces a multitude of foreign policy challenges, but will its arrival also mark reconciliation with Latin America’s largest petrostate?

Surging Covid cases are not the only challenges facing Kazakhstan’s largest oil and gas developments

Synthetic kerosene prices will fall as production capacity increases and renewable electricity costs decline—but low-margins mean the aviation industry requires help to go green

Standalone system will be just 10pc as large as its EU equivalent, and important details have not been announced

Total’s exit from the influential US oil and gas lobby will not spark an immediate exodus by its peers

Tackling the emissions associated with upstream facilities requires attention across working practices, facility design and technology

Previous anxieties over lack of infrastructure have been replaced with fears of looming overcapacity

Distributed ledgers can bring many benefits to energy markets and solve some of the most difficult problems associated with the transition

The government may have been forced to scale back its upstream ambitions. But even the revised targets might be too much, too soon

Completion of Article 6 arrangements for emissions trading is the central challenge

At a time when many IOCs are shunning large-scale investments in oil extraction, Russia’s biggest oil producer is pressing ahead with perhaps its largest ever undertaking

Unilateral production cuts and reconciliation with Qatar may look like a full retreat from longstanding policy positions. But they may yet prove smart tactical moves

Voluntary carbon offsets permanently retire allowances and therefore verifiably lock in climate benefits

The South African company—which makes synthetic fuels from coal—is struggling to survive in a low-carbon world

Despite huge potential for every major form of green power, the government is increasingly reluctant to phase out coal

The ‘other 75pc’ of the global economy needs to help the world get to net-zero, and the financial sector should help facilitate progress

The Australian producer has upped its stake in the Senegal oil development in two deals, but plans to shed some of that equity this year

The importance of energy efficiency is overlooked but is crucial to tackling climate change, according to Luxembourg’s energy minister

The new president’s green agenda will help restore the US as a global force for climate change leadership

Spain’s leading refiner sees low-carbon fuel manufacturing as key to achieving its emissions targets

After years of drilling letdowns, the small Latin American nation is finally starting to prove its offshore potential

The sultanate’s long-term oil ambitions are modest, but the urgent appetite for fresh gas supply remains

Saudi sacrifice shows greater appetite for compromise in a price environment that is not win-win for the two Opec+ heavyweights

The Canadian oilsands industry should now be clear where it stands and plan accordingly

Energy supply is still missing its nuclear ‘third leg’ and a huge expansion of renewables is urgently needed

Venezuelan government makes moves to liberalise oil sector as economic sanctions push production to 50-year low

The Singaporean firm is laying the foundations for when carbon-neutral LNG will be a requirement

The Singaporean firm is laying the foundations for when carbon-neutral LNG will be a requirement

More cordial Saudi-Qatar relations raise hopes for economic and energy investment progress in other GCC allies. But serious challenges remain

New US Gulf Coast gas contract highlights the sector’s changing buyer-seller dynamic and increasing demand for pricing flexibility

The EU Council intensifies diplomatic efforts on energy pursuant to the EU’s rising global climate ambitions

S&P has placed 13 IOCs, including ExxonMobil and Shell, on negative watch, while investment giant BlackRock warns of ‘tectonic shift’

Fossil fuels will play a major part in global energy supplies for decades to come, meaning the industry and policymakers must focus on how to encourage the lowest-carbon intensive sources

Fossil fuels will play a major part in global energy supplies for decades to come, meaning the industry and policymakers must focus on how to encourage the lowest-carbon intensive sources

The president has signed a series of executive orders to advance his climate policies, but Senate Republicans remain an obstacle

Rather than treating CO₂ as a waste biproduct, the CEO of C4X Technologies says converting CO₂ into valuable products could dramatically reduce the timeline to net-zero

Even though the carbon capture sector is only just taking off, those thinking about getting involved need to consider the costs of decommissioning

Even though the carbon capture sector is only just taking off, those thinking about getting involved need to consider the costs of decommissioning

Strategic M&A deals are always fraught with risk, and there will be too many oil and gas companies chasing too few transition-focused targets

Strategic M&A deals are always fraught with risk, and there will be too many oil and gas companies chasing too few transition-focused targets

The company reports a remarkable shift in its oil/gas mix in the North Dakota shale play

A push for more domestic production to buttress supply security and Beijing’s ambitious drive to decarbonise its economy will both supercharge the sector

Greater GCC harmony might offer an opportunity to untangle some of the Middle East’s notoriously illogical gas dynamics, but LNG looks more promising than pipelines

A growing number of companies and business associations have expressed support

The national government presented its new three-phase strategy in December that will build on its strengths in hydrocarbons and renewables

The national government presented its new three-phase strategy in December that will build on its strengths in hydrocarbons and renewables

Hydrogen projects need bankable offtake schemes, with ammonia, refining and mobility projects offering the most promise

Hydrogen projects need bankable offtake schemes, with ammonia, refining and mobility projects offering the most promise

DNV GL – Energy CEO foresees offshore wind boom, with improving electricity storage helping renewables claim bigger share of the energy mix