Oil Majors in a Post-Covid World

Oil Majors in a Post-Covid World

The oil majors are slowly recognizing that in a decarbonized world their fundamental business is going to have to change.

So what are they thinking? Where are they deploying resources -- and not deploying resources?

Ed Crooks is the right person to ask. He’s our oil major whisperer. He Vice Chair for the Americas at Wood Mackenzie.

Last time we had him on the show was in May of 2020 when the pandemic-driven collapse of oil demand sent key oil prices negative.

Ed talks with our host Shayle Kann about the rebound since then and how oil and gas companies are using this new influx of cash.

They discuss the longstanding differences between American and European oil majors: The Europeans are more aggressive on new energy investments; the Americans are more conservative. Does this distinction still hold, even under the rising pressure of shareholders, employees and governments on these companies to take climate action?

And if they’re not going to invest directly in renewables and power, how will their business models change in a decarbonized world? Shayle and Ed talk about what it would mean to become a “carbon management company.”

They also talk about the differences between 1.5- and 2.0-degrees-celsius worlds and what each would mean for oil and gas companies.

Finally, they read the tea leaves on carbon pricing. Does the Biden administration’s aggressive stance on climate change the political chances of legislation in the U.S.?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(342)

It’s turbulent times for the wind sector in the US, but the outlook is better across the pond. What can the US learn from Europe?

It’s turbulent times for the wind sector in the US, but the outlook is better across the pond. What can the US learn from Europe?

Nearly 150 days into President Trump’s second term, the outlook for wind energy in the United States - particularly offshore wind - is increasingly bleak. Trump had pledged to end offshore wind develo...

3 Jun 202541min

$8 billion in clean energy projects were cancelled this year. Can the US clean energy market survive tariff uncertainty?

$8 billion in clean energy projects were cancelled this year. Can the US clean energy market survive tariff uncertainty?

The US is risking ceding global market share of clean energy to China, permanently.New tariffs, put in place one day then removed the next. Rising costs for everything along the supply chain. The US c...

20 Mai 202543min

What’s the biggest mistake clean energy developers make when chasing tax equity? | Sponsored content from Foss and Company

What’s the biggest mistake clean energy developers make when chasing tax equity? | Sponsored content from Foss and Company

Tax equity plays a significant role in clean energy finance, but are developers using it effectively, or are they stumbling over complexities and recent changes? Sylvia Leyva Martinez is joined by Bry...

7 Mai 202530min

An energy podcast crossover: Energy Gang and Interchange Recharged join forces to discuss flexibility on the power grid: why it is so important, and how to create it

An energy podcast crossover: Energy Gang and Interchange Recharged join forces to discuss flexibility on the power grid: why it is so important, and how to create it

They called the film Avengers: Infinity War the most ambitious crossover event in history. We can’t quite make the same claim, but at Wood Mackenzie’s 2025 Solar and Energy Storage Summit, we did reco...

30 Apr 202539min

In uncertain times, is a greater reliance on battery storage what’s needed? And how can developers better prepare for it? | Recorded live at Wood Mackenzie’s Solar & Energy Storage Summit

In uncertain times, is a greater reliance on battery storage what’s needed? And how can developers better prepare for it? | Recorded live at Wood Mackenzie’s Solar & Energy Storage Summit

Wood Mackenzie’s 18th Solar and Energy Storage summit is back, in Denver this week. If you can’t make it, don’t worry – we have all the debate and key insight you need to know here on the podcast. Rec...

25 Apr 202536min

Solar and energy storage experts debate the current market: what have we seen in the first quarter of 2025?

Solar and energy storage experts debate the current market: what have we seen in the first quarter of 2025?

Wood Mackenzie’s 18th Solar and Energy Storage summit is back, in Denver this week. If you can’t make it, don’t worry – we have all the debate and key insight you need to know here on the podcast.Reco...

24 Apr 202550min

It’s uncertain times in solar and storage. How can we use smarter grid optimisation to give developers some assurance? | Recorded live at SESS 2025

It’s uncertain times in solar and storage. How can we use smarter grid optimisation to give developers some assurance? | Recorded live at SESS 2025

Over the past couple of years unprecedented low prices for solar panels have spurred incredible growth. But there’s a big shift underway. In this special episode of the show, recorded live from the st...

24 Apr 202528min

Are current legal frameworks too restrictive for CCUS projects? What permitting and tax credit reform needs to happen to make things easier?

Are current legal frameworks too restrictive for CCUS projects? What permitting and tax credit reform needs to happen to make things easier?

“If you don't think in 15 years that we're going to value decarbonisation, or if you're worried about the 45Q, it's pretty tough to write that multi-billion dollar cheque,” says Peter Findlay, Directo...

8 Apr 202546min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
e24-podden
rss-borsmorgen-okonominyhetene
rss-penger-polser-og-politikk
pengepodden-2
tid-er-penger-en-podcast-med-peter-warren
utbytte
pengesnakk
liberal-halvtime
livet-pa-veien-med-jan-erik-larssen
lederpodden
rss-pa-konto
rss-politisk-preik
finansredaksjonen
morgenkaffen-med-finansavisen
stormkast-med-valebrokk-stordalen
rss-densannepodden
rss-impressions-2