The coronavirus pandemic will slash energy sector investment by about $400bn this year — the biggest ever annual fall — with the International Energy Agency warning that the world could grow more dependent on cheaper, dirtier fuels that undermine global climate goals.  Spending is due to plunge in every major sector, from oil, gas and coal to renewables, the Paris-based body said in a report published on Wednesday that takes into account project data and announcements from governments and companies.

Global Energy Spending to Fall $400bn Due to Coronavirus Crisis | Devamı>>>

Gas looks to have the best growth prospects among fossil fuels, a bridging fuel for the energy transition with its low-carbon intensity on combustion.

Oil and gas companies have been poised to spend heavily on new supply to meet demand growth this decade. But the gas market has turned out to be a slow-motion car crash in 2020.

I asked Kristy Kramer, Head of Global Gas Market Research, why the market has unravelled and what the prospects are for recovery.

How Will Natural Gas Navigate The Post-Coronavirus World? | Devamı>>>

Oil and gas companies are facing competition from renewable energy and electric vehicles, a global campaign against the use of plastics and increasingly stringent climate targets. In the face of these challenges, shareholders want them to prioritize returns to investors rather than endless growth.

Most oil and gas companies are jeopardizing shareholder returns  by rewarding bosses for endlessly chasing growth in a world where pressure to meet climate targets and sharp falls in renewables costs are set to eat into future demand , finds a report from The Carbon Tracker Initiative, a not-for-profit financial think tank that seeks to promote a climate-secure global energy market by aligning capital markets with climate reality.

Oil And Gas Investors Tell Producers To Focus On Returns | Devamı>>>