VIEWPOINT: IOCs will continue to play to their strengths

摘要

TOTAL AND ENI HAVE IN RECENT MONTHS JOINED WHAT APPEARS TO BE A GROWING WAVE OF IOC INVESTMENT IN RENEWABLES, BATTERY STORAGE AND POWER GRID TECHNOLOGY. BUT SPENDING ON SUCH VENTURES REMAINS MINIMAL COMPARED TO THEIR OIL AND GAS BUDGETS - AND WITH GOOD REASON.