Refining in the energy transition through 2040
A report from McKinsey & Co. explains why the size of the global refining industry varies dramatically across different energy transition scenarios by 2040.
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A report from McKinsey & Co. explains why the size of the global refining industry varies dramatically across different energy transition scenarios by 2040.
Long recognized as a pillar of US energy production, deepwater Gulf of Mexico could help provide the resources the world needs during the energy transition.
One of the world’s most mature deepwater basins, the U.S. Gulf of Mexico, has a lot of production life left and could help bridge the oil supply gap
Long recognized as a pillar of U.S. energy production, deepwater Gulf of Mexico could help provide the resources the world needs during the energy transition. Restricting supplies of fossil fuels may seem like an answer. But society needs affordable energy sources until the net-zero goal is met.
Key insights from McKinsey's Global Energy Perspective 2022 1 While governments and businesses are increasingly committed to steep decarbonization targets, energy markets face extreme volatility driven by geopolitical tensions and a rebound in energy demand The conflict in Ukraine, as well as other factors, have triggered significant peaks in energy prices as uncertainties