Oil and Gas
Oil and Gas Sector: The Prospects of a Transition Fuel
The oil and gas sector has a critical role to play in the energy transition. They are the most well-positioned to develop and deploy large scale renewable energy infrastructure. Asian financiers, like the ADB and AIIB, have stated that they will support this transition by no longer funding coal and oil projects. Yet, they will continue to fund natural gas, as many see it as a transition fuel while renewable energy capacity increases.
Natural Gas Outlook and Key Trends in Southeast Asia
Natural gas use in Southeast Asia will increase significantly over the next several decades. This is being fueled by governments and lenders alike. While this is a viable immediate alternative to coal and oil, it is not a long-term solution. Southeast Asian countries must continue working towards developing a robust renewable energy system.
Oil Majors Spend More on Spin, Less on “Green Hydrogen”
Several oil companies have stated goals to reduce their emissions. Often a key piece of this plan focuses on increasing natural gas production and investing in hydrogen energy. Unfortunately, there are many types of hydrogen energy and only one type is sustainable - green hydrogen. Currently, green hydrogen only accounts for a fraction of total hydrogen production.
Oil and Gas in India: What is the Way Forward?
Oil and gas play a major part of India's energy mix. Unfortunately, India remains focused on the sector, and is making substantial investment towards natural gas in the coming decades. This move remains at odds with global emissions targets and puts India at risk of missing the economic benefits of renewable energy development.
Denial by “Natural Gas Industry” and Greenwashing Practices
The oil and gas industry has been one of the most influential sectors over the past several decades, but there are signs that this may be changing. Public and private sentiment is shifting, and the spotlight is swinging towards renewables. In an attempt to slow this transition, many fossil fuel companies have increased lobbying and public outreach. Unfortunately, this has led to a rise in greenwashing. The reality is that change is happening, and it is in the best interest of these fossil fuel giants to shift with it, capitalizing on the changing market.
Investing in the Future of Hydrogen: A Path to Net Zero
Green hydrogen still accounts for a small percentage of total global hydrogen production. But it is a valuable, and necessary, energy source for the world to reach net-zero by 2050. This makes it a lucrative investment opportunity that has the potential to provide substantial returns in the coming decades.
Cheap Green Hydrogen and its Impacts on Asia’s Oil and Gas Industry
Much has been said about the trouble in decarbonising sectors like shipping and aviation, but...
Fossil Fuel Industry and the Media’s Role in Greenwashing
The fossil fuel industry has long relied on greenwashing. And in the last decade social media and increased internet use has made it much easier for this misinformation to reach consumers. Now it can be challenging to interpret true claims from greenwashed facts. It falls on the shoulders of consumers, regulators, and industry to clamp down on these tactics.
Global Methane Pledge COP26: Its Impact on Asia’s Oil and Gas Industry
In the build-up to the COP26 conference in Glasgow, all eyes were set on global leaders to make meaningful progress in addressing methane emissions, the second leading cause of climate change. While the Global Methane Pledge is a necessary first step, governments and the fossil fuel industry will have to do more if we are to remain on track to meeting the Paris Agreement goals. In the meantime, the oil and gas landscape in Asia will have to change.
Energy Transition in Oil and Gas Sector: A Dilemma
Asia will account for an estimated share of 43% of the global energy demand by 2040. Whilst fossil fuel projects are under pressure owing to climate commitments, renewables are not yet fully developed. Will the Asian countries bank upon oil and gas to fulfill the future energy demand?
The Risks of the Continued Reliance on Oil and Gas in South Korea
South Korea's green commitments are a breadth of fresh air for a world, strangled in carbon emissions. But the country still isn't ready to abandon oil and gas.
What Role Will Hydrogen Oils Play in the Low Carbon Future?
Green hydrogen is one of several types of hydrogen oils, yet it is the only renewable variety. It is produced by splitting water molecules and is emissions-free. Unfortunately, it is still costly to produce and requires unique infrastructure. As technology improves, it will play an essential role in supporting the global low carbon future.
Ending Asia’s Love Affair With Oil and Gas
Asia is still heavily reliant on oil and gas, which has been boosted by growing natural gas consumption. Several groups have stated that it will be nearly impossible to reach international climate goals unless the region reduces emissions.
Malaysian Oil and Gas Company Petronas Ventures into Renewable Energy
Petronas is one of the largest oil and gas companies in the world - controlling the fourth largest fossil fuel reserves in Asia. Yet the government owned business is aware that oil and gas is loosing traction. Since 2013 Petronas has been investing in renewable energy and currently controls over 1 GW of solar arrays. Further investment in renewable technologies is expected in the coming decades.
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