Table of Content



1. OVERVIEW
1.1. Catalyst
1.2. Summary

2. IOCS HAVE FEWER REASONS TO DELAY THEIR OWN TRANSITIONS
2.1. IOCs’ business models were already shifting slowly towards transition, but slowly
2.2. IOCs’ fossil fuel assets have become less profitable during the pandemic

3. THE DEVALUATION OF OIL AND GAS COMPANIES’ ASSETS COULD BE PERMANENT
3.1. The drop in demand will be long-term
3.2. Debt will become an even greaterissue

4. THE LONG-TERM VIABILITY OF RENEWABLES WILL BECOME THEIR MAIN ADVANTAGE OVER FOSSIL
4.1. Renewables will continue to lead growth in the power sector
4.1.1. Renewables are leading deals activity while oil and gas majors amass more debt
4.1.2. Renewables are beating fossil fuels on cost-effectiveness
4.2. Transport is becoming more important to oil and gas, making EVs a growing threat
4.2.1. Purchase incentives will only increase after COVID-19
4.2.2. Manufacturers were already looking to turn away from oil and gas in 2020

5. APPENDIX
5.1. Abbreviations and acronyms
5.2. Sources
5.3. Further reading

6. ASK THE ANALYST

7. ABOUT MARKETLINE



List of Figures


Figure 1: IEA Analysis of variable renewable energy share over demand in selected countries and states
Figure 2: Total value ($m) of debt offerings for US oil & gas companies 2016-2020
Figure 3: Total number of deals in fossil fuels and solar PV & wind sectors for 2020 YTD (Q3 data as of 29/07/2020)


List of Tables