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Oil and gas-funded renewable projects at risk

THE oil price crash is causing the oil and gas sector to question if it can afford to boost investment in renewables while oil remains at around US$30 per barrel, cutting all but the most resilient budgets to the quick and jeopardising large scale investment in both exploration and new technology.

Equinor CEO Eldar Sætre

Equinor CEO Eldar Sætre

The focus so far on the oil price doldrums caused by coronavirus COVID19 and the OPEC+ production increase has been on what oilers may do with their capital expenditure and exploration budgets but...

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