Oil companies suffered massive losses in 2020. Can they build back better?

Out of the largest oil & gas companies, five have already published their 2020 results. Figures are staggering. Combined, their losses are reaching over USD 77bn (vs 48bn profit in 2019), net sales dropped 38% and market capitalization plummeted by 32%. They are facing a mix of challenges, some related to an unprecedented health crisis, others coming from the growing…

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Towards “green” hydrogen

With the growing awareness that electrification alone won’t be enough to decarbonize some sectors, hydrogen – more especially green hydrogen – has become a trendy topic. Several governments have announced ambitious roadmaps for its development, key industrial players are either starting pilot projects or setting up coalitions. Tens of GW of capacity and tens of billions euros of investments are…

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Transition to green investments

We are in the early stages of a long transition to sustainable investing. With a growing awareness of climate change and appetence for sustainability, investment flows have started changing course. Green bonds are on the rise and investors start shifting away from companies focusing on fossil fuels and carbon intensive assets. The incumbents are challenged not only on the products…

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The service station of the future is being built by a bakery

Oil & Gas companies, having in-depth know-how of petrol stations, or Utilities, with their expertise of electricity, would have seem more likely candidates in designing the most innovative service station.   The development of electric vehicles (EV) – 50 to 80 million EVs in stock by 2025 (worldwide) forecasted by the International Energy Agency (IEA) – will drive a drastic…

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