Transition is amid pressure for less new E&P investment ‘No way near ready to carry big load’: Nasser But energy transition promises higher E&P returns Even as climate change initiatives are developing rapidly, they are in the early stages and industry is still too optimistic on how long the ongoing energy transition will take, Saudi Aramco President and CEO Amin Nasser said at a major global petroleum conference Dec. 6. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Alternative energies are “no way near ready to carry a big enough load,” Nasser said during the World Petroleum Congress in Houston. And, there are still viable alternative fuels to complete in aviation, shipping and even trucking, he said. Even in chemical feedstocks and lubricants, even the most aggressive transition plans offer still few alternatives. “Right now, the world is facing a ever more […]