The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight as companies position to build scale and strengthen sustainability through the energy transition. Growth will make a comeback. But companies will not put their financial strength at risk in what threatens to be a turbulent year. COP28 has placed greater emphasis on sustainability plans. The knock-on effect for some NOCs – a peer group that produces half of the world's oil and gas – will be bigger ambitions in low carbon and emissions abatement, particularly for those signed up to the Oil and Gas Decarbonisation Charter (OGDC). But most NOCs are still in the business of growing upstream capacity. It is a strategy that has been

Published: May 12, 2025

Length: 3 pages