oil and gas
Oil Market Forecast 2023: Oil To Peak and Renewables To Accelerate
While the oil market for combustion purposes is likely to peak by 2028, according to the IEA, the Asia-Pacific region will continue to push global oil demand. But, with oil demand declining, will developing Asia continue to lock itself into a carbon-intensive future?
Top 10 Oil And Gas Companies In Singapore [2023]
Oil and gas companies have long been a significant economic pillar in Singapore's economy. The country is the major thoroughfare and hub of fossil fuels in Asia. Most of the largest international fossil fuel companies have offices in Singapore, but there are also several major local companies. How will these businesses fare now that the energy transition is underway?
Will Oil-Producing Countries Remain Stable in a Decarbonising World
Fossil fuel-dependent countries should be actively looking to balance the trade-off between transitioning to a renewable energy-dominated power system and maintaining a stable economy without putting pressure on society. While the goal is challenging, it is possible.
Oil and Gas in Asia – Current State and What Lies Ahead for the Industry
The oil and gas industry outlook in Asia is set to rise, yet as clean energy demand rises, oil and gas look set to follow coal's demise.
The Reality of Oil and Gas Industry’s Net-Zero Commitments
There has been an increase in oil and gas firms committing to achieve net zero by 2050. However, with rising CO2 emissions, the current scenario demands immediate action. Experts stress the need to set an interim target with clear timelines.
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.
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...
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?
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