Climate change challenges and the rise of renewable energy sources are increasing the social and environmental pressure on oil companies to re-position themselves in the societies in which they operate. They have been doing this in a variety of different ways.

Firstly, some oil companies have continued with business as usual and are strengthening their current strategies of oil extraction to maximise profits. Secondly, other oil companies have switched to low carbon sources, such as natural gas, blue hydrogen and biofuels.

International Oil Companies and the Energy Transition | Devamı>>>

Gathering momentum for the energy transition has sparked debate on what the energy map will look like in 30 years. For more than half a century now, access to oil and natural gas has been at the heart of the geopolitics of energy; but with renewable technologies set to dominate energy supply systems, relations between states will change, while economies and societies will undergo structural transformations.

This issue of the Oxford Energy Forum discusses the drivers and main features of the ‘old’ and ‘new’ geopolitics of energy.

The Geopolitics of Energy: Out with the Old and in with the New? | Devamı>>>

For years, interest in the energy transition, the sector’s transformation from fossil-based to zero-carbon systems, has been building. Such an enormous shift takes time, of course, but the pandemic has given the world an opportunity to accelerate it – if we make the right choices.

According to estimates from the World Meteorological Organization, CO2 emissions worldwide are projected to be 4 to 7 percent lower for 2020 compared to a year earlier, due to restrictions in travel and other activities put in place to stave off the coronavirus.

Accelerating These 3 Trends Would Reshape The Energy Industry | Devamı>>>

New figures from BloombergNEF (BNEF) show that corporations bought a record amount of 13.4GW of clean energy through power purchase agreements (PPAs) in 2018, well over double the previous record of 6.1GW set in 2017.

The research firm’s latest Corporate Energy Market Outlook, reveals that 121 companies in 21 different countries signed up to buy renewable energy last year. More than 60% of those purchases were in the US, where PPAs to buy 8.5GW of power were signed, almost three times 2017’s figure.

Companies Become a Major Force In The Clean Energy As Purchases Double | Devamı>>>