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Producers must adapt as Big Oil signs up for a low-carbon future


Issue 424 - 08 Oct 2020

Announcing job losses and investment cutbacks, Big Oil’s flagship companies are emitting signals that should be heeded by those African oil-producing governments that are less inclined to believe the world is changing to their disadvantage. Dramatic announcements of changes of strategic direction by BP, Eni, Royal Dutch Shell and Total suggest most majors see their futures as diversified energy companies, rather than old-style IOCs.

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