The oil and gas sector is joining the energy transition, with net-zero pledges from the big oil and gas names already widely familiar. While its move towards the fully green and clean side of things is being done slowly and safely, the industry has encountered a push or two from the circumstances arising in its realm over the past couple of years.
The Paris Agreement, the COVID-19 pandemic and its impact on the oil prices, and the growing global ambition to have zero emissions by 2050 are now at the forefront of big plans for the future of the oil and gas majors.
Offshore Energy’s Fossil Energy Editor, Nermina Kulović, has given an overview of what is going on in the sector, as well as what we can expect to see in the near future.