The world’s largest oil companies are ramping up drilling operations despite recent net-zero pledges WoodMac VP for exploration: The majors are still exploring and say much less about it than they used to With or without the IEA’s roadmap to net zero, this year could see an uptick in new drilling The International Energy Agency’s Net Zero by 2050 roadmap, issued last year, has become something of a textbook example of bad timing. Just four months later, the agency said the world needs more investment in oil exploration because of dwindling OPEC spare production capacity. Besides these mixed signals, the agency also lashed out at OPEC+ last year, accusing it of keeping the global oil supply artificially tight to keep prices high. At first glance, one might think the world’s most influential energy body, per the FT’s Tom Wilson, does not really know what it’s talking about. Yet Big […]