‘Fast and furious action’ needed to deliver ‘extraordinary’ energy transition, says Wood boss
The chief executive of Wood (LON: WG) has delivered a rallying cry for the industry to deliver an “extraordinary”, and swift, energy transition.
CERAWeek
Using the takeaways from CERAweek to develop a North Sea powerhouse
It’s hard to know what to expect from 7,500 members of the global energy industry gathered in one convention centre in an American town best known for space travel, cowboys, and Tex-Mex food. Of course it was Texans, back in 1970s that came over to Aberdeen, and led the charge for drilling in the North Sea, something that they went on to do in oil and gas provinces around the world. This week however was about the energy world coming to Texas - at what has become known as the Davos of energy.
Carbon capture and e-fuels the talk of CERAWeek
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to “generate, liquefy and export” e-methane to Japan.
Egypt offers brownfield options, while El Molla woos Chevron
The two talked about Chevron’s plans in Egypt. These include increasing production and co-operation in exporting gas from the region to Europe.
Egypt, Israel eye expansion of EMGF
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
NOCs talk up ESG, attractiveness amid industry pressure
NOCs are not immune from the challenges posed by changing attitudes to energy, driving shifts to enter new business areas and operate more efficiently.
CERAWeek energy summit cancelled over coronavirus
One of the world’s largest and most important energy industry gatherings was cancelled by organiser IHS Markit Ltd. on Sunday amid mounting concerns about the coronavirus outbreak. It was due to start March 9.
Cities will drive the energy transition agenda, Lord Provost says
Cities will be the key drivers of change in the transition to a low-carbon economy, Aberdeen’s Lord Provost said yesterday.
Bond vigilantes slap oil bosses with junk tag on $258billion debt
They have sold off hundreds of oil fields, eliminated thousands of jobs and slashed millions of dollars from capital spending and dividends.
For Exxon and Shell the age of the ultra-major comes at wrong time
The $64 billion tie-up of Shell with BG Group and the steady growth of Exxon Mobil re creating a new league of two: the ultramajors.
Saudis tell oil producers to cut costs or get out of the business
The world’s most powerful oilman brought a harsh message to Houston for executives hoping for a rescue from low prices: high-cost producers - many of them sitting in the room - need to either “lower costs, borrow cash or liquidate."
Oil industry set to further reduce spending this year says IEA chief
The oil industry is set to further reduce spending this year as crude prices remain low, according to the head of the International Energy Agency, signaling more pain for oil services and engineering firms.
Lessons from CERAWeek: what we heard on conference’s day one
So what do 2,800 or so of the world’s elite energy minds talk about when they gather at Houston’s IHS CERAWeek energy conference? Here’s a taste of what we heard on Monday.