Following an unpredictable and shocking 2020, stability and sustainability are set to be the two major themes in the oil and gas industry this year.
Companies in the sector will continue prioritizing financial resilience to boosting upstream investments, as global oil demand, although higher than in 2020, will still be below the pre-crisis levels.
In addition, more and more oil and gas firms will include sustainability, the energy transition, and Environmental, Social, and Corporate Governance (ESG) considerations in their strategic and investment plans, Wood Mackenzie said in its first look into the biggest themes in oil and gas this year. Read more…..
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OPEC and non-OPEC allies such as Russia will resume talks on Thursday to iron out oil production policy for next year, seeking to build consensus over how to tackle weak demand amid a new wave of coronavirus cases.