Executive summary The ESG focus is right. Whilst many large investors are reducing their exposure to the fossil fuel industry, they also need to be mindful of the material decarbonisation opportunities that need investment within the oil and gas...
Gas flaring creates economic and environmental waste. Even though many companies and countries have committed to reducing flaring (and for many, this forms a key part of their “net zero” ambitions), the global numbers show little progress over the...
The global COVID pandemic and the oil price drop has driven an unprecedented challenge for the oil and gas industry. Whilst the crisis will inevitably change our way of life, some fundamentals - including the energy transition -...
As Egypt’s flagship Petroleum Conference has just finished it’s perhaps worth reflecting on the five themes we heard: There is a real sense of excitement in the energy sector within the region. As His Excellency the Minister of Petroleum...
Egypt has an opportunity to increase export revenues by $600 million p.a. and further decarbonise the sector by up to 90 million tonnes p.a. by tackling flaring venting and leaking
Oil and companies invest an estimated $550 billion each year to explore and develop new oil and gas resources to replace the c. 60 billion oil-equivalent barrels (i.e. oil + gas) consumed each year.
Flare...
Whilst latest UN climate discussions (COP25) closed with limited agreement, we think that flare monetisation (and addressing venting and leaking) is one of the decarbonisation levers that everyone can agree on.