HomeMagazine2020December 2020, Vol. 247, No. 12Oil Companies Ponder Ability to Mount Renewables Push

December 2020, Vol. 247, No. 12

Features

Oil Companies Ponder Ability to Mount Renewables Push

By Tsvetana Paraskova, Energy Writer   It was not that long ago that large oil companies began announcing plans to overhaul long-term strategies to soothe investor concerns about climate change and become part of the solution in the energy transition – and then came the big oil price crash of 2020.   An oil pump powered by solar panels. The crash upended the short-term plans of major oil and gas firms, which had factored in oil prices between $50 and $60 a barrel when coming up with their investment strategies.     With oil prices now in shambles, the industry is faced with a dilemma in regard to energy transition plans: Can companies afford to

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.

 

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}