Executives from major oil companies clashed over the prospects of oil and gas for the future at the first virtual edition of the CERAWeek conference in Houston. While BP’s Bernard Looney and Shell’s Ben van Beurden boasted about their shift away from their core business and into renewable energy, Baker Hughes, Hess Corp., and Spain’s Repsol were among those believing that fossil fuels have yet to leave the scene for good, the Houston Chronicle’s Paul Takahashi reports . “We’ve been an oil and gas company for 112 years, and I think this is a moment where we do have to reinvent the company,” BP’s Looney said. “We decided to really embrace that energy transition, more as a massive opportunity and not look at it as some sort of threat to our core business.” “Hydrocarbons are still going to be essential for providing energy to the world, especially in the […]