MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Corporate Strategies Are Dynamic Expanding Their Emphasis on Long-Life Gas Ventures

Corporate Strategies Are Dynamic Expanding Their Emphasis on Long-Life Gas Ventures

The oil and gas industries are in a state of flux. The upstream supply now has to be low cost, low risk and, importantly, lower carbon content, powered by the transition to coal. Lenders and shareholders are pursuing simple emission reduction strategies while, in the first place, expecting the returns which attracted them to oil and gas companies. Corporate strategies are now dynamic as corporations expand their emphasis on long-life gas ventures, or even begin to turn them into broad-based energy suppliers.

The European majors may be the best drivers in their response to the energy transition, but are outstripped by Repsol's commitment to net zero carbon emissions from Scope 1, 2 and 3 by 2050. The declaration did not go unnoticed in the boardrooms of Asia's national oil companies (NOCs). That's because Asian NOCs don't live in a world of fantasy. The energy transition from Tokyo to Jakarta is the contentious issue, with management well aware of having to react to what is now the single most important challenge facing their companies.The Asian NOCs understand, in general, that doing nothing is no longer an option. But the majority struggle with their response, with very few exceptions. Some organizational changes integrating companies with alternative technologies and moderate investment in renewables are underway.

YOU MAY ALSO LIKE

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...

RECOMMENDED