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Tariq Siddiqui's picture
COO, Upstream EP Advisors LLC

Oil & Energy | Business Development | Capital Projects | Offshore Wind -  Proven leader in offshore development and operations, with 25+ years’ expertise in managing business through cycles...

  • Member since 2021
  • 153 items added with 102,098 views
  • Mar 13, 2023


  1. Energy security has become prime, superseding sustainability
  2. Despite emission reduction promises, Oil majors, especially US oil majors have spent more money on dividends and share buyback Athen reinvesting in renewables or infrastructure?
  3. Elimination supply without eliminating demands will cause commodity price spike; undermining energy transition. 
  4. There is chronic underinvestment in oil and gas at present, that must come.
  5. US oil majors have started dabbling in CCUS and Hydrogen project, but they need regulatory support, especially for hydrogen


  • BP's Bernard Looney, who had embraced the transition enthusiastically two years ago, now admits the company's shift to renewables did not pay off as expected and says that the transition would benefit from more oil and gas investment.
  • The energy security and sustainability must be proactively balanced. The legislative support for renewables without clear policy frameworks will not eliminate uncertainties to develop credible energy strategies and may hurt return in short to medium terms.
  • Inflation Reduction Act in USA a a good example of revision of 45Q to meet CCUS challenges, similar framework are needed for other alternatives to help speed up energy transition.





    Matt Chester's picture
    Matt Chester on Mar 13, 2023

    Spending on diversifying towards net zero fuels seems to be a part of a lot of the public discussions, but of course we need to see action follow those words

    Tariq Siddiqui's picture
    Thank Tariq for the Post!
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