From talking the talk to walking the walk

The oil and gas industry is generally of little interest to an outsider, other than for its impact on the environment and prices at the pump.

But the industry itself often wants the outsider — from an ordinary consumer to a potential investor or a government official — to understand the language it speaks, because it’s their behaviour that, in various ways, will determine the trajectory of the industry in its transition towards a lower-carbon future.

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Go on, treat yourself!

After being a pair of Scrooges for the past two years, oil and gas majors BP and Total have rediscovered the joys of treating themselves to shiny expensive presents this holiday season. The gloss comes from access to new low-cost production now and in the future — gifts that keep on giving.

When oil prices started sliding in mid-2014, most oil and gas firms had little choice but to tighten their belts, postponing and cancelling projects, reducing headcount and focusing on efficiency. Two years on, this disciplined approach to spending has made them leaner and, as a result, more confident in their ability to weather the storm of oil prices staying lower for longer.  Continue reading