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Energy transition is real, but oil and gas drilling to attract $1.7 trillion through 2030

From rystadenergy.com

Traditional oil and gas companies are getting all on board with the energy transition, with upstream players spreading into renewables and oilfield service companies seeking to serve a wider energy market than just oil and gas. Governments are setting ambitious targets to minimize their CO2 emissions and speed up the shift towards green energy, but that does not mean that oil and gas production will cease or lose its significance in the energy industry. In fact, while we expect tremendous growth in renewable energy, be it wind, solar, geothermal or hydrogen, oil and gas will continue to serve as a key energy source ... (full story)

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  • Category: Fundamental Analysis