The week in energy: The climate crisis for oil and gas | Financial Times:
This has been the week of CERAWeek, IHS Market’s mammoth conference in Houston, described by Neil Chatterjee, chairman of the US Federal Energy Regulatory Commission, as “the Super Bowl of energy”. It was an appropriate analogy, given that the dominant theme of the week was competition, and in particular the potential for increasingly intense rivalry between oil and gas companies in a world of tightening constraints on greenhouse gas emissions. Wael Sawan, Royal Dutch Shell’s new head of exploration and production, told the Financial Times that when world oil production starts to decline, “we need to be able to be the last ones standing”.
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