By Stuart Payne, chief executive of the North Sea Transition Authority
Itโs 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.
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to โgenerate, liquefy and exportโ e-methane to Japan.
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
NOCs are not immune from the challenges posed by changing attitudes to energy, driving shifts to enter new business areas and operate more efficiently.
One of the worldโs 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.
The worldโs 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 โlower costs, borrow cash or liquidate."
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.
So what do 2,800 or so of the worldโs elite energy minds talk about when they gather at Houstonโs IHS CERAWeek energy conference? Hereโs a taste of what we heard on Monday.