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Total unveils carbon strategy

As European majors look to a lower carbon future, Total has underlined its continued commitment to Africa as part of its strategy for carbon neutrality by 2050. On 30 September, the French major outlined global plans to transform itself from an oil and gas company into a broader energy company by focusing on LNG and electricity. Total aims to increase energy production by a third in the next decade, roughly from 3m to 4m boe/d, with half of the expansion coming from LNG and half from electricity, mainly from renewables.

Issue 424 - 08 October 2020

PinGas, Upstream, Downstream

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

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.

Issue 424 - 08 October 2020

PinGas, Downstream, Upstream

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08-10-2020

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