The downturn brought by the Covid-19 pandemic and the accelerating energy transition has created a new reality for the world’s oil and gas industry, whose production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows. The five integrated supermajors – ExxonMobil, BP, Shell, Chevron and Total – …
The post Big oil incurred record loss in 2020, joint output fell by 0.9 million boepd and will peak lower in 2028 first appeared on Hellenic Shipping...