Energy transition
Ir Mohd Yusri Mohamed Yusof spoke with JPT about the national oil company’s carbon capture and storage efforts, the value of cross-border cooperation, and his expectations for OTC Asia, to be held 31 March–2 April 2026 in Kuala Lumpur.
The US Department of Energy said it is making available $171.5 million to support field-scale tests for geothermal electricity generation and exploration drilling.
The organization has launched Industrial Services in an effort to support growing energy and infrastructure markets.
-
Hydrogen from fossil fuels is not only an easier way to pivot to clean energy than going full-on renewables; it could also establish new businesses and generate tremendous revenue by leveraging the oil and gas industry’s existing knowledge and expertise. -
IHS Markit says the industry’s “striking pace of growth” and a dynamic commercial environment are fueling the movement to zero-carbon sources.
-
Technology innovation, job creation, inclusive and equitable recoveries, and sustainable electricity headline discussions at high-level summit.
-
Exploration is widely perceived as discretionary, even unwarranted. A report from Wood Mackenzie, however, presented a different scene. Only about half the supply needed to reach 2040 is guaranteed from fields already on stream, it said. The rest requires new capital investment and is up for grabs.
-
Approaches to carbon abatement using petroleum are discussed that have a strong chance to succeed in fulfilling technological and economic goals in reducing carbon.
-
World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions.
-
COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic.
-
The company is creating two new business groups: Natural Resources, focused on developing the upstream oil and gas portfolio sustainably, and Energy Evolution, dedicated to supporting the evolution of the company’s power generation, product transformation, and marketing.
-
Environment/social/governance (ESG) represents the integration of human values into the financial value of investments. The energy industry that emerges from the COVID-19 pandemic will be different from the one that entered it.
-
When considering the energy markets and climate risks, the debate around the energy transition has shifted from when it will happen to what it will look like.
