Even though oil and gas companies are increasingly focusing on reducing the environmental impact of their operations with aggressive efforts centered on the narrative of energy transition, they aren’t going to move away from fossil fuels, at least over the next few decades, according to Dr. Jerry Bailey, director of Petroteq Energy and former president of Exxon Arabian Gulf.

“Oil companies are not going to move from oil, that’s what got them where they are,” Bailey said, in a recent interview with Hart Energy’s Faiza Rizvi.

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