The global oil and gas markets have been awash with deals as oil and gas players alike scramble to rebalance their portfolios in light of supranational climate goals. While the market has not been as active in the second half of 2021, as commodity prices began to stabilise toward pre-Covid levels, there were still a number of significant mergers and acquisitions that will add much needed liquidity to the markets.
If a gas producer adheres to emissions reductions and ESG regulations, they can obtain a Responsibly Sourced Gas (RGS) certificate. This means a company has produced a premium product, one that is actively seeking to reduce GHG emissions through integrating more efficient processes, reducing or stopping gas flaring and powering production with renewables – with the intention to reach net-zero emissions.
It may seem as if the NOCs time as pure O&G players may be limited, but they are certainly not leaving the game. Oil and gas will remain central to energy security throughout the developing world and across much of the developed world, in industrial settings at the very least. What can be said with some certainty, is that a diverse energy mix that includes significant renewable generation is crucial to the mandate of NOCs to supply affordable and consistent energy to their population.
Fundraising in any shape, capacity or form can be a tedious and stressful process for companies of any size or make up. The Minerals and Royalties industry is no exception to this phenomenon. Before understanding this process one should get rid of the ‘Go Fund Me account’ thought process as that is not the case in this industry. A vast mixture of expertise and experience will always come into play.
Energy companies have engaged in developing the concept of ‘digital twins’ – a digital model that reflects the physical. By integrating a network of sensors and monitoring equipment throughout a system, there can be a real-time oversight of operations and wider capabilities to analyse system efficiencies over time.
In the United States, we examine how offshore wind presents a significant opportunity for local economic growth and job creation. They also consider the new bipartisan Senate infrastructure bill that emphasizes reauthorization, research, resilience and reliability. If passed, this bill will provide more than $1 trillion in improvements to the nation’s physical infrastructure. Read more here.
The global energy crunch has reintroduced vigour into the oil and gas markets, especially in Asia Pacific where the soaring demand for LNG as a replacement for oil and coal has led to a high-cost environment that doesn’t appear to be slowing.
The Energy Council has examined a small selection of new oil and gas technologies that will advance the mission to achieve a low-carbon society, largely eliminate emissions from oil and gas production over the coming decades and open the door for new opportunities.
The 8th of March marks International Women’s Day, a day the international community has dedicated to reflecting on the state of gender equality
The Energy Council’s annual Future Outlook Survey Report for 2022 is now available. Over 500 people from across the world responded to this year’s survey, and we have put together the report to reflect their thoughts, outlook, and ambitions regarding their approach to ESG, shifting oil prices, technological advances and the energy landscape as a whole.
The annual International Women’s Day falls on the 8th of March, and in 2023 centers around the theme of “Embrace Equity,” prompting reflection on the meaning of equity for women in the workforce and future female leaders.
The Energy Council’s annual Global Industry Survey 2023 is now available. Over 500 people from across our network responded to our survey, and from these responses we have put together the macro picture of the industry today including oil price predictions, the energy trilemma, finance and investment plans and exploration updates.