Field Development

'A huge issue': IEA head says upstream investments needed to offset fields' decline

Despite past messaging that new oil and gas field investments would not be needed if the world meets its climate targets, Fatih Birol now says: 'This is not the world we are in today'

International Energy Agency executive director Fatih Birol
International Energy Agency executive director Fatih BirolPhoto: CERAWEEK BY S&P GLOBAL
Editor In Chief
Published 10 March 2025, 22:44Updated 11 March 2025, 12:12
Fatih BirolInternational Energy AgencyCERAWeek 2025CERAWeek by S&P GlobalAmericas