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Business Guide

The Reality of Energy Transition

Why Oil & Gas Still Matter

The global energy conversation has increasingly focused on renewables, with governments and industries pledging to transition away from fossil fuels. Yet, despite technological advancements in solar, wind, geothermal, and battery storage, oil and gas remain the foundation of modern economies. Hydrocarbons are deeply embedded in the fabric of global infrastructure, from fueling transportation networks and powering heavy industries to providing critical feedstocks for petrochemicals and manufacturing.

The push for energy transition often overlooks the realities of reliability, scalability, infrastructure, and economic viability. While renewables are expanding, they cannot replace traditional energy sources at the scale required to sustain growing demand. Oil and gas continue to play a crucial role in ensuring stable energy supplies, maintaining affordability, and supporting industries that cannot quickly electrify. A practical and balanced approach to energy transition requires continued investment in responsible drilling, refining, and infrastructure expansion to support long-term sustainability.

This guide explores the evolving energy landscape, highlighting the role of oil and gas in a balanced transition and the investments needed to ensure long-term energy security.

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Business Guide - The Reality of Energy Transition
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