We caught up with Anne-Laure de Chammard, Group Chief Strategy Officer at ENGIE to discuss how ENGIE have had to adapt and change their business model in response to an increased public awareness around carbon emissions and growing push for decarbonisation
Participants from the Onshore panel, that was due to take place at Mexico Assembly, met virtually to discuss the effects of COVID-19, both short and long term, oil price modelling, onshore advantages and investment climate.
Mexico Power Day is the Clean Energy stream of the Mexico Energy Assembly. It gives access to off-record insights in an exclusive C-Level environment, with no press and no sales pitches. Find out what we learned.
Asia is one of the most dynamic regions in the global energy sector. Several factors including robust economic progress and demographic advancement have led to incredible growth over the last few years, with expectations of continued high demand in the short-, medium- and long-term. China has been the main market of energy growth. Across Asia the electrification of the region’s rural population will be the main driver for energy demand.
The world has a growing population, increasing from 7 billion to 9 billion people by mid-century, with a higher expectation and affordability for their quality of life. Of these 9 billion people, more than half will live in Asia. This will drive higher energy consumption for decades to come, even with improvements in efficiency.
At the same time governments, businesses and society want this higher energy supply to come with less CO2.
At the United Nations Summit last year, heads of government reached a deal to keep “global average temperature to well below 2°C above pre-industrial levels”.
In November 2017, the Oil & Gas Council was back in Lagos to hold the Nigeria Assembly for the 3rd time. Over the course of the Assembly, a number of key themes emerged from our speakers and attendees alike which we would like to share with the wider network.
International oil and gas companies have long had difficulty reconciling the long-term and high-cost investments demanded by the upstream oil and gas business with the shorter term thresholds and measures adopted by the equity and debt markets.
While previous industry revolutions gave industry new tools, the fourth revolution gives us new knowledge. Every day, the keeper of this knowledge – the internet of things – is adding five million new devices (we’ll go from today’s 8 billion connected devices to a trillion by 2030).
With a year of political upheavals in the US and Europe behind us, but predictions of further disruption ahead, what is the outlook for companies in the African energy space?
Maybe there was a certain pride, nay, smugness around the O&G industry a few years ago… and despite the last 3 years of “downturn”, remnants of this may even remain in some corners.
Historically, the attitude towards decommissioning disused offshore oil and gas platforms—’abandonment’ as it was previously known—has been largely negative, with companies viewing mature installations as a burden rather than an opportunity for a new source of revenue. But the mood has changed.
China has become, unknown to many, a leading light in both the promotion and adoption of renewable energy sources.