Oil and gas is not a sunset industry, and low oil prices are not such bad news at all, BP’s chief of upstream operations, Bernard Looney, said recently. Although Looney acknowledged that the price drop was a challenge, he noted that this challenge opened up opportunities for oil and gas companies to address issues such as waste and inflation. This is the latest such acknowledgement as the industry continues to recover from the blows it suffered since prices started falling in 2014. But Looney didn’t stop there. He also said that oil and gas still have careers to offer to young people, not least as part of their expansion into renewables, but also in their principal business, as oil and gas will continue to satisfy around 40 percent of the world’s energy needs two decades from now. It’s a rosy outlook for an industry that many are eager to […]