Sunday, May 11, 2025
Pandemic's 'great reset' pushes energy firms toward renewables, hydrogen: executives- oil and gas 360

Pandemic’s ‘great reset’ pushes energy firms toward renewables, hydrogen: executives

Reuters SINGAPORE – The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen and other low carbon alternatives, but fossil fuels will be their dominant business for the foreseeable future, industry executives said. Reeling from the onset of the pandemic, global oil consumption shrank by more than 20% in the second quarter

Energy transitions, job losses and political reactions: John Kemp- oil and gas 360

Energy transitions, job losses and political reactions: John Kemp

Reuters LONDON – Like other technology shifts, energy transitions provoke strong responses because they involve changes in lives and livelihoods, that go far beyond narrow technical questions about the source and delivery of energy. Transitions disrupt employment and incomes, imposing substantial and concentrated costs on particular households, industries and communities. They create big losers as well as winners. And because

Oil industry paints grimmer picture of pandemic's harm to demand- oil and gas 360

Oil industry paints grimmer picture of pandemic’s harm to demand

Reuters SINGAPORE/LONDON/NEW YORK  – Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic’s ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption rebounded in the summer,