EGC 2025
Romania: A Driving Force in Europe’s Energy Market Transformation
Published 20 December 2024
Romania is positioning itself as a vital contributor to Europe’s energy security, sustainability, and market integration. Leveraging its strategic location, abundant natural resources, and growing renewable energy sector, the country is bridging traditional and modern energy solutions. With bold projects underway and a keen focus on diversification, Romania’s contributions to the European energy transition are gaining prominence.
Expanding Infrastructure for Gas Independence
Renewable Energy and the Biomethane Revolution
Innovative Energy Storage and Nuclear Expansion
Challenges for Romania on the Path to 2030
Opportunities for Market Integration and Trading
A Vision for the Future
Discover Romania’s Role at EGC 2025
• Gas Infrastructure Development: Razvan Popescu, CEO of Romgaz, will explore how transmission, storage, and processing expansions are advancing energy independence.
• Biomethane Development: Mark Beacom, CEO of Black Sea Oil & Gas, will discuss scaling biomethane projects.
• Trading Opportunities: Experts including David Viduna (CEZ) and Bill Farren-Price (Oxford Institute for Energy Studies) will examine Romania’s role in regional trading dynamics.
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Executive Interview: Tassos Vlassopoulos, CEO, HELPE Upstream – A Deep Dive into CCS
The Energy Council sat down with Tassos Vlassopoulos for a Deep Dive into CCS ahead of the World Energy Capital Assembly 2022. read more
The Role of CCS in the Asian Energy Transition
The Role of CCS in the Asian Energy Transition 7th July 2022 By Emma Shewell, Portfolio Manager, APAC At this year’s APAC Energy ... read more
Executive Interview: Kaveh Pourteymour, Founder & CEO, CIO Global Solutions
The Energy Council sat down with Kaveh Pourteymour, Founder & CEO, CIO Global Solutions ahead of WECA 2022. His area of expertise Digital Strategy and transformation in highly complex environments. Find out more. read more
The Energy Council News Round-Up: A selection of Russia-Ukraine energy analyses
The matrix of threats emerging from Russia’s invasion of Ukraine make it difficult to keep abreast of developments, whether these be the increase of global oil and gas prices, or the effect of sanctions, or which states could assist Russia in avoiding the impacts of sanctions, or how wheat prices will begin to soar. As most of us watch from the sidelines, trying to navigate how the markets will respond to these threats and how, in turn, that may affect our daily lives – we can be overwhelmed by the tsunami of information analyzing and predicting outcomes. read more
Global gas report – the effects of the Russo-Ukrainian War on global supply
The broad macro effects of the Russo-Ukrainian War on oil and gas supplies upended the global energy markets, creating varied questions to the energy security of many nations. The most drastically affected have undoubtedly been the Ukrainians themselves, yet the over-reliance on Russian oil and gas supplies has led to a scramble for alternative supplies - most notably by European states. However, the constraints created by this market shock could provide the impetus to engage more constructively with low-carbon fuels, encourage investments into publicly-traded oil majors with net-zero strategies and hopefully, underscore the struggles of the 900 million people without access to electricity prior to the war. read more
Energy Council 2022 Global Industry Survey Report
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. read more
The Outlook for Accessing Capital in the Oil & Gas Sector
At the World Energy Capital Assembly on 29 November 2021, a panel of experts provided their insights on the ability of companies in the oil and gas sector to access and maintain capital in the current economic and political climate. This article builds on that panel discussion and considers how (E&P) companies are balancing their corporate image with the need to remain profitable and deliver investor returns. read more
A cold or costly winter? Uneasy uncertainty for European gas consumers
As winter’s cold touch spreads across Europe, there is an uneasiness about how the frigid temperatures will be weathered as gas prices creep ever higher. The source of uncertainty for Europe’s gas consumers is broad; the traditional push and pull of Russian-EU energy geopolitics is alive and well, Covid demand and supply contractions have created imbalances throughout the value chain, while the global production levels of oil and gas remain constrained by OPEC+ and the surging market prices. read more
Executive Interview: Scot Evans, CEO, ReconAfrica
The Energy Council sat down with Scot Evans, CEO of ReconAfrica ahead of the World Energy Capital Assembly and Africa Energy Capital Assembly 2021. read more
Executive Interview: Tassos Vlassopoulos, CEO, HELPE Upstream
The Energy Council sat down with Tassos Vlassopoulos ahead of the World Energy Capital Assembly 2021. read more
Executive Interview: Mitch Flegg, CEO, Serica Energy
The Energy Council sat down with Mitch Flegg ahead of the World Energy Capital Assembly 2021. read more
Executive Interview: Dr Nick Mayhew, Chief Commercial Officer, Axora
The Energy Council sat down with Dr Nick Mayhew, Chief Commercial Officer at Axora, to discuss the business' approach to working with O&G leaders and their recent Innovation Report. read more
Energy & Infrastructure Insight by Shearman & Sterling
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. read more
Digital Roadmaps – Comparing The Steps Taken By Energy Giants
Many of the household major oil and gas companies have begun shifting their market position to better prepare for the impending climate revolution. This energy supply shift has been imagined in several scenarios, which in essence are distilled to: our current path, our stated path and the necessary path needed to reach net-zero emissions. Inevitably, the stuttering and profiteering has led us to the brink and now we, as a global society, must rely on our ingenuity to restore the planet to a stable state. Easier said than done, of course, however making this process possible is the integration of advanced digital technologies into robust, legacy mechanical technologies. The rise of this digitalization has been known in the industry, as Oil and Gas 4.0 – referring to the technological era of the 4th Industrial Revolution. read more
Digital Twins – Virtually Reflecting The Physical
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. read more
Executive Interview: Steve Edwards, CEO, Tailwind Energy
The Energy Council sat down with Steve Edwards, CEO of Tailwind Energy, to discuss how our industry will grow and innovate over the next few years. read more
From NOC to NEC – A changing of the guard?
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. read more
Sukuk Finance Roundtable: Understanding the structures, considerations and trends behind this emerging sector
Sukuk Finance Roundtable: Understanding the structures, considerations and trends behind this emerging sector. Energy Council recently hosted a virtual roundtable to bring together industry leaders on this topic. Read the key takeaways. read more
Analysis on M&A so far in 2021 and what to expect now
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. read more
How is ESG driving Change?
How is ESG driving change in the energy sector? Energy Council in partnership DWF, recently brought together leading experts from the energy sector to discuss ESG's growing influence. Read the key takeaways read more
Podcast: Brian Carey, Strategic Growth Director, Kongsberg Digital
Brian Carey, Strategic Growth Director of Kongsberg Digital joins the podcast to discuss the role of digitilisation and innovation in the Oil & Gas industry and how ESG will continue to shape and mould the sector. Listen to the full episode here. read more
The Need for Public and Private Sector Collaboration to save Mexico’s Energy Sector
Due to the politicised nature of the Energy sector in Mexico, strong policies and foundations for successful monetization has fallen by the way side. A degree of politicisation is expected in national oil companies, and when looking around the globe this is often the case. However, in the instance of Mexico, politicisation is the defining feature. read more
How can the Energy industry achieve Operational Efficiency and remain cost-competitive?
Kongsberg Digital share the key insights from their Digitalisation & AI session at APAC Energy Assembly 2021 read more
WECA Advisory Board #2: Key Takeaways
In anticipation for the Energy Council’s World Energy Capital Assembly (WECA) to take place in December, an advisory board of the industry’s leading figures was held to inform the agenda. Among the attendees were representatives from Petrobras, Morgan Stanley Energy Partners, BlackRock, Shell, Kongsberg Digital, Ecopetrol, The Carnrite Group, Hellenic Petroleum, Eco Atlantic Oil and Gas, Helios Investment Partners, Addleshaw Goddard, YPF, Reflex Marine and Axora. read more
WECA Advisory Board #1: Key Takeaways
In anticipation for the Energy Council’s World Energy Capital Assembly (WECA) to take place in December, an advisory board of the industry’s leading figures was held to inform the agenda. Among the attendees were representatives from INEOS Energy, BlackRock, Standard Chartered, Kerogen Capital, Lloyds Banking Group, ADNOC, Mizuho, Morgan Stanley, BP IST, Bluewater Energy, Wentworth Resources, Sector Investment Managers, Harbour Energy, NEO Energy and Jerset Oil and Gas. read more
Interview with Kwaku Boakye-Adjei, Commercial Consultant, TEMA LNG
Following on from WECAX Jack Ingram sat down with Kwaku Boakye-Adjei to discuss Ghana’s Tema LNG project – find out more and read about Sub Saharan Africa’s first regasification facility read more
Through turmoil and transformation, the oil and gas industry keeps its sights on decarbonization
Much of the oil and gas industry appears to be prioritizing decarbonization above everything else this year, DNV GL assesses industry sentiment and provides their forecast for the year ahead. read more
Offshore Opportunities in Senegal
As Senegal prepares for the results of its first Offshore Licensing round, get the updates directly from Joseph Medou, E&P Director, Petrosen. Listen to the interview here. read more
What do the changing energy markets mean for raising debt in the upstream oil and gas sector?
Vinson & Elkins RLLP discuss E&P companies and how they will continue to require financing to meet development and production needs, whether in the form of traditional RBL products, corporate loans, bonds, high yield issuances, project financing, trade finance, equity financing or other more innovative or hybrid structures. read more
WECA X: 5 Key Takeaways
Expert Insight WECA X: 5 Key Takeaways Published 13 January 2021by Matt Maginnis, Portfolio Director, Energy ... read more
Financing Options for Marginal Fields, Nigeria
Advocaat Law Practice shares information on Financing Options for Marginal Fields in Nigeria. We look at regulatory & commercial frameworks, challenges & financing options for field operators. read more
The drive to net zero – has the oil & gas industry got what it takes?
The drive to net zero: has the oil and gas industry got what it takes? Listen to a panel of experts discuss the journey ahead read more
A flexible approach can help investors deliver bold projects for Africa
Even the most experienced investor will see 2021 as one of the most challenging investment environments that they have encountered. However, Africa still offers significant upside potential for projects that have a clear demand and are led by experienced operators. read more
Eco Atlantic Re-issued all Namibia Offshore Licenses
Eco Atlantic Re-issued all Namibia Offshore Licenses: Increases its sizeable strategic position in sought after frontier exploration region read more
Introduction to Carnrite – Dedicated, Practical Business Partner for an Industry in Transition
Ahead of WECA 2020, we spoke with Nick Carnrite, Managing Director at The Carnrite Group, on their entrance to the UK market, the challenges facing the Energy industry and how they are supporting the sector through these times. read more
Vertis – On the Role of Voluntary Carbon Markets in the Energy Transition for Oil & Gas sector
We know what the target is as well as why we need to achieve it. The question is rather on the how. How do we transform our businesses and our life-styles without jeopardising the functioning of our society or global growth? read more
“Investors will go where the money is” – An Analysis of the Sentiment among Energy Investors
“Investors will go where the money is” remarked one of the Energy Council’s members when asked about the increased pressure on funds to be ESG driven and avoiding hydrocarbons altogether. read more
In The News: Institutional Investors Demand Greater ESG Adherence from Oil Majors, Can Independents Pick Up The Pieces?
Institutional funds have increased their pressure on the world’s largest oil and gas companies to further and hasten their commitments to meet a carbon output of net-zero by 2050. What happens to 'independents'? read more
In The News: Quality assets key in four major M&A deals this year
Mergers and acquisitions are heating up in the oil and gas sector as prices stabilise and quality assets enter the market. Over $20 billion in deals has been completed in recent months with more set to come. read more
In The News: The United Kingdom's Path to Net-Zero in the North Sea
A report by the OGTC & Wood Mackenzie highlights the array of opportunities in the United Kingdom's path to decarbonisation & net-zero. The United Kingdom Continental Shelf in the North Sea has long been a prominent location for the exploration and production of oil and gas. However, as the nation pushes toward carbon neutrality by 2050, how will these competing industries develop? read more
In The News: OGCI Reports Significant Progress On Upstream Methane and Carbon Intensity Targets
The OGCI announced significant progress in reducing both carbon dioxide and methane emissions in the upsteam sector. Industry collective invests over a billion dollars into emissions reductions technologies. read more
In The News: Total’s Southern African gas discoveries; a change in fortune for regional energy security?
Total's South African gas discoveries signal hope for a new era of energy security in the region. Standard Bank's Khwezi Tiya adds his thoughts to the developments. read more
Digital Dialogue: Exploring Gas Opportunities in Nigeria
As part of the Digital Energy Festival we explored Gas Opportunities in Nigeria with our panel of experts, moderated by Ola Alokolaro from Advocaat Law Practice. Read the discussion summary and watch on demand. read more
Digital Dialogue: Exploration & Production: is it too late for Africa to profit from its resources?
The second of eight Oil & Gas Council sessions, a digital dialogue, took place on October 29 boasting an exceptional panel of industry-leading speakers who have years of experience in industries ranging from upstream, legal and financial services. The speakers gathered to discuss and provide insights on whether or not it’s too late for Africa to profit from its E&P resources. read more
Investment Focus – What Next for African Oil & Gas?
The first of eight Oil & Gas Council sessions kicked off on October 27 and industry-leading speakers who have a total of over 100 years of industry and sector experience joined forces to discuss and provide insights on an investment focused dialogue around what’s next for African Oil and Gas. read more
Diversity Is Better For Business
It is hard to deny that increasing diversity in the public and private sector is one of today’s central initiatives for corporate improvement and better business outputs. read more
Digital Energy Festival to fuel six weeks of inspiring energy engagement for Africa!
Between 20 October - 26 November we will be co-hosting the Digital Energy Festival. Find out more about the six weeks of inspiring energy content & engagement for Africa. read more
The IOC Tracker – mid-term scorecard (2020)
It is increasingly important to see what lies behind oil companies’ stated transition strategies, which have seen a step change in investment allocations since 2018. We reflect on how the IOCs are tracking with their energy transition goals so far in 2020. read more
Edge, a USD 5bn, 13bn, 43bn+ marketplace
Why is edge computing a must watch for the energy sector? Since early 2019 little more has been written about how the equation Edge-IoT is crucial for energy companies, and vice versa! That vice versa bit has not been talked about so much: why should energy companies worry about powering Edge computing? read more
Mid-size gas power companies should pay attention to datacentres
The simple question is, 'why do datacentres present a good business case for gas power companies?' read more
Debate Highlights: The Oil & Gas industry cannot attract the right talent
Catch up on the highlights from our recent live webinar debate: The Oil & Gas industry cannot attract the right talent read more
Are we witnessing the death of the O&G Private Equity Company?
Read the highlights from our recent live webinar debate: "Are we witnessing the death of the O&G Private Equity Company?" read more
38% of UK energy sector still all-male at board level says PwC
We take a look at how the energy sector is progressing with regards to gender diversity and representation at board level read more
Realising the potential of Nigeria’s Gas Reserves
Realising the potential of Nigeria’s Gas Reserves July 2020 On the 6th August, The Oil & Gas Council will bring ... read more
APAC Crisis Response Report
Leaders from across the Upstream value chain met virtually to discuss how the current crisis compares to the crash of 2014 and what new challenges the industry faces in the current crisis. read more
An Alliance with Finance: Big banks and Insurance Companies join the Green Recovery Alliance
On 14th April, the Green Recovery Alliance was formed by members of the European Parliament together with ministers, CEOs, NGOs and trade unions from across Europe. The Alliance’s core aim is to ensure that the fight against climate change is central to the economic strategies that European countries adopt in their recovery after the COVID-19 pandemic. read more
Interview with Vinson & Elkins
Amid the current crisis, we are still seeing a number of strategic transactions proceeding in the face of general market uncertainty. read more
Total announce their commitment to NetZero
Amidst the daily sobering news which is inevitably focused on the COVID-19 pandemic and struggling societies and economies, there are positive and exciting things happening, one being Total announcing their commitment to NetZero. read more
APAC Crisis Response Report
Leaders from across the Upstream value chain met virtually to discuss how the current crisis compares to the crash of 2014 and what new challenges the industry faces in the current crisis. read more
Iman Hill considers how the energy industry will change over the next decade
The Oil and Gas industry is characterised by the ability to adapt and evolve. 2020 is quite different to the previous decade and I expect the forthcoming decade to be one of accelerating change read more
Amy Bowe, Wood Mackenzie
The accelerated pace of the energy transition and related growth in new technologies will lead to a proliferation of new players. read more
2030: How is the energy industry different from 2020?
As part of the Women’s Energy Council Celebrating Equality initiative we asked the members of our Global Female Influencer 275 list to answer the question – 2030: How is the energy industry different from 2020? read more
Energy Storage in Mexico
Participants from the Energy Storage panel, that was due to take place at Mexico Assembly, met virtually to discuss the effects of COVID-19, what's important for energy storage in Mexico & the biggest opportunities. read more
How to Win a Diversity & Inclusion battle in times of COVID-19?
We need, now more than ever, for progressive energy companies to recognise and value the importance of diversity in the energy space. read more
Maintaining the Momentum of Oilfield Safety in an Uncertain Market
April 2020 Today more than ever safety is a key priority for oilfield workers across the globe. As lockdowns keep many from ... read more
Heather Christie-Burns – Women's Energy Council Interview
The biggest challenge is for the decision makers who are in the senior roles now to identify these individuals and support them in development – putting resources or reputation at risk to do so. read more
Hot Points: Ran Oliver, CEO, Viking Minerals
We started Viking in May of 2012 so it’s been nearly 8 years. Prior to that, I worked at a family office doing real estate for about 9 years, which has some interesting parallels to minerals and is one of the things that got me interested in the space in the first place. read more
Investment in the Energy Transition
Energy transition will be at a crossroads when the world gets out of the current health crisis: will we base the recovery on a sustainable model or will we, once again, justify unsustainable policies and practices with the need to “get growth back on track”? read more
Hot Points: Interview with Darin Zanovich, CEO, Mesa
Our competitive advantage is to focus in an area that isn’t the Permian. We like the gas focus in an area where we see it as feedstock for the Gulf Coast LNG projects coming online. We like focusing with an operator that has a good balance sheet and pad drilling.. read more
WECA Advisory Board Takeaways – Part 2
Part 2 of our takeaways picks up the conversation where we left off as our advisors’ peer into the rabbit hole of climate change and energy transition, and the future role of gas. read more
The Current Landscape and National Oil Companies. Winners and Losers
April 2020The last month has been somewhat of a rollercoaster for the Oil and Gas industry with everything from a price-war to the ... read more
The Importance of Local Content at a Time of Crisis – What Covid-19 will Teach the Industry
April 2020The Importance of Local Content at a Time of Crisis – What Covid-19 will Teach the IndustryAt a time when travel around ... read more
WECA Advisory Board Takeaways – Part 1
World Energy Capital Assembly Advisory Board Takeaways Part 1 March 2020 The Oil & Gas Council Advisory Board met ... read more
Competitive access to Nigeria gas infrastructure
February 2020 Early in the year the Honorable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva, outlined five ... read more
Deal flow as important as gas flow rates in the new Algeria
February 2020Deal flow as important as gas flow rates in the new AlgeriaWhile most of Europe fixated on the result of the UK ... read more
Morocco Oil and Gas Sector Kicks to Life in 2020
January 2020SDX Energy, the MENA-focused oil and gas company, announced last week that the OYF-2 well in Morocco encountered ... read more
LNG pricing coals final death knell
Panellists described how the LNG “wave that has arrived” is heralding a final shift away from coal in the EU, which will lead to the final closure of coal-based power generation on the continent. read more
Developing local capacity in a new market environment
To unlock the growth potential in emerging markets, collaboration between governments and the private sector is key. This is particularly true in West Africa where countries are still building up their oil and gas industries. read more
The 2020 MSGBC Summit – Time to Take Stock
As the industry continues its gradual recovery from the post-2014 period of low oil prices, the prospects for Africa's upstream sector are also looking more positive. read more
Unlocking the transformative potential of Grand Tortue Ahmeyim
As Africa’s most exciting and technically advanced ultra-deep offshore oil and gas project, Grand Tortue Ahmeyim (GTA) is set to put Mauritania and Senegal on the map for the energy sector. read more
Sandra Antonovic – Women's Energy Council Interview
At the practical level, an undersecretary or diversity and inclusion committee could be created; well organized to ensure excellent quality of management and a workable plan. read more
Awards Of Excellence 2019 – Female Executive of the Year Nominees Katie Jackson
Katie Jackson, Executive Vice President for Commercial and NBD at Shell, is one of the most active and prominent women in the business. Jackson’s range of expertise – including her start as a drilling engineer, her time in banking, followed by her move into industry management – have long made her a valuable asset and leader. Jackson delivers flagship deals for Shell building on her rich, industry experience, creativity, strong relationships, and understanding of the market. read more
Awards Of Excellence 2019 – Female Executive of the Year Nominees Fiona MacAulay
Fiona MacAulay’s technical credentials over 30 years of oil and gas experience is what now makes her one of the most respected CEO’s in the industry. Taking over the helm of Independent Oil & Gas at the start of 2019, follows a succession of appointments to boards of energy companies desperate for her knowledge and experience. Of the five women leading FTSE 100 oil and gas companies, MacAulay is the only one who built her experience as an oil professional. No wonder she’s in such demand! read more
Awards Of Excellence 2019 – Female Executive of the Year Nominees Kristin F. Kragseth
As CEO of Vår Energi, Kristin Kragseth led the acquisition of ExxonMobil’s North Sea assets in a move that catapulted Vår into being one of the region’s biggest producers. Ms. Kragseth’s long career in production management perfectly placed her to lead Vår Energi as they sought to cement their position on the Norwegian Shelf. With Kristin at the helm and currently producing more than 180,000 bpd with reserves of 1,250 million – Vår Energi will be a leading player for some time to come. read more
Awards Of Excellence 2019 – Shortlisted Nominees for the Small-Cap of the Year Award
Last year’s winner, Energean, has enjoyed another headline-grabbing year, illustrating the opportunities available for Small Caps to expand operations and become household names. The shortlisted companies for this year’s award have all enjoyed significant success during the past 12 months. read more
Small and Mid-Cap Companies of the Future: Gil Holzman, Eco Atlantic Oil & Gas
Going forward, companies will have to focus on adopting creative business models, finding hidden opportunities and novel geological plays, and employing both a technically experienced and creative and energetic management team to ensure they can successfully deliver on both technical and financial goals, as well as investors expectations. read more
The Energy Transition & the Deployment of Capital: Peter Tertzakian, ARC Financial Corp
There are two energy transitions happening. Both are changing the deployment of capital in the oil and gas business. The first is the one everyone talks about: the transition from fossil fuels to renewable energy like wind and solar power. The second ,In North America, the process transition to horizontal, multi-stage hydraulic fracturing over the past dozen years has yielded spectacular oil and gas production growth. read more
Small and Mid-Cap Companies of the Future: Mitch Flegg, Serica Energy
Nimble, focused, bold – we believe small and mid-cap companies of the future will not sit back and rely on inherited approaches to asset management. The leaders in the sector will be action takers, blending the latest in technical innovation with people power. read more
On the Spot with North America Assembly Speakers 2019
Ahead of the North America Assembly 2019, we asked select speakers what their views are on key topics. Find out more read more
Energy Transition – the US version
The global energy transition firmly focused on the decarbonisation of the energy sources that are utilised to power everyday life. However, the Trump administration has shied away from committing to the decarbonisation of the energy sector read more
South America Assembly 2019 – Key Takeaways
Latin America is a region that holds huge potential across all energy value chains. Many countries have achieved remarkable progress in isolation, like Uruguay, gradually achieving 100% renewable power. However, political risk remains the biggest barrier to entry. read more
The Brulpadda Discovery
With the momentum of Total's discovery earlier in the year and the promise of an emerging player in the oil and gas sector, 2019 may be South Africa's best opportunity to set the legal framework for a successful and productive domestic oil and gas industry. read more
Stimulating African E&P Through Attractive Regulatory Frameworks
The obvious place for the Energy industry to benefit from best practice in portfolio management is within the Financial Services industry, where the majority sources of funds come from. So are investors imparting their rigour around portfolio management with, essentially engineering companies, and are we really combining these two distinctly different worlds to unify and accelerate decision making. read more
Business Innovation Platforms for accelerated, robust decision making
The obvious place for the Energy industry to benefit from best practice in portfolio management is within the Financial Services industry, where the majority sources of funds come from. So are investors imparting their rigour around portfolio management with, essentially engineering companies, and are we really combining these two distinctly different worlds to unify and accelerate decision making. read more
Siemens – New Technologies
Prior to the market downturn, the offshore E&P industry had been slow to adopt new technology. But deployment accelerated as the inclement market conditions dragged on and producers sought dramatic cuts in their time and costs to first oil, and overall production costs after that. read more
Siemens – FPSOs
Optimizing the lifecycle performance of floating, production, storage, and offloading (FPSO) vessels is highly contingent on the incorporation of topsides packages that can efficiently and reliably deliver the power to exploit resources in a range of water depths and operating conditions. At the same time, offshore operators must be cognizant of the need to reduce emissions and minimise the weight and footprint of topsides modules, the latter of which can substantially impact facility development costs. read more
Siemens – Eliminate Downtime
We're seeing a lot more interest in DLE (dry low emissions) technology for combustors. We haven't had a lot of projects that have gone forward with DLE, but we're getting a lot more questions in the early phase of projects that, I think point to customers moving towards DLE. What DLE - dry low emissions - does is allows you to reduce you NOx and your CO emission levels without using water. So you can basically swap out the existing turbines today, reduce your emissions by 90% with that DLE technology and still get good, reliable performance. read more
Siemens – Digitalization
A common buzz-phase – digital transformation – is actually a bit misleading. It’s misleading because, when something transforms, you end up with something drastically different from what you started out with. You imagine a new version replacing the old version. And, frankly, let’s say you’re a control engineer or plant manager, that’s a bit overwhelming when taking into account everything already on your plate. read more
Siemens – Artificial Intelligence
Artificial intelligence is now being applied in oil and gas operations, and it added value in an E&P pilot program with 30 electrical submersible pumps. Read more here. A major goal is to reduce production costs to approximately $10 bbl or less - helping to ensure profitability in virtually every operators are adopting manufacturing models supported by greater electrification, automation and digitalizating. read more
Newswire: Clean Energy in Latin America – March 2019
The top headlines from March 2019 from the Latin America Clean Energy sector read more
A Primer on Offshore Upstream Development Finance in the US
Most banks operating in the upstream energy sector in the US have a portfolio of RBL borrowers and are generally comfortable financing within the confines of a typical RBL structure. However, a typical RBL financing in the US cannot be instated unless a company is already producing. read more
Commercially viable LNG supply chain infrastructure: 5 critical planning steps
By making LNG readily available and integrating it into current energy ecosystems, countries such as India, Pakistan and Bangladesh could successfully achieve a shift to a low-carbon, stable energy system serving a new generation of customers. read more
Block Energy – Increased production rates at Norio field, Georgia
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to report an increase in production rate at its 100%-held Norio field, where the Company is implementing a multi-well workover programme. read more
Newswire: Clean Energy in Latin America – February 2019
The top headlines from February 2019 from the Latin America Clean Energy sector read more
Why Should you Pay Attention to LeTID?
LeTID stands for “Light and elevated Temperature Induced Degradation”. The name is definitely awkward. But it’s worth getting familiar with because it significantly affects the performance of your solar modules and your solar power plant. read more
WECA – Key Takeaways
Markets are stronger than expected giving rise to new projects although breakeven prices do need to be reviewed; there is a trend towards a hybrid structure as well as Reserve Based Lending but complimenting RBL are alternate sources including senior and junior debt. The future continues to be bright for the industry, with key factors of success being securing finance, reducing production costs and lowering emissions. read more
Newswire: Clean Energy in Latin America – January 2019
The top headlines from January 2019 from the Latin America Clean Energy sector read more
Bifacial is the Future
The real game-changing innovation in utility-scale PV is bifacial. Bifacial (literally: two faces) modules, which generate energy from both the front and back side of the module, can deliver up to 44% more lifetime value read more
Women in Energy – Fiona MacAulay
Without diversity, the oil and gas industry will lack the innovation required to both capitalise on the opportunities which exist at present that will help us navigate the eventual shift to a low carbon economy in the future. read more
Newswire: Clean Energy in Latin America – October 2018
The top headlines from October 2018 from the Latin America Clean Energy sector read more
Latin America: Competitive landscape will mitigate policy volatility
Drilling down to specific performance drivers shows two clear camps though. Colombia and Mexico have higher risks in the Threats pillar, while Brazil and Argentina are characterised by their weaker operating environments. read more
Due Diligence: the devil is in the detail
Rockflow Resources have provided expert multi-disciplinary teams to perform technical due diligence on a large number of assets throughout the world. More often than not, our work unearths problems that are not evident in the vendor’s sales case, or even the in dataroom, often resulting in a decision not to make a bid on an asset read more
Newswire: Clean Energy in Latin America – September 2018
The top headlines from September 2018 from the Latin America Clean Energy sector read more
The Quest for a Balanced Host Government Contract: an MSGBC Basin Perspective
Local content is increasingly a priority for host States in Africa when negotiating HGCs. Unfortunately, on many occasions the provisions end up as little more than simple requirements to source labour and materials locally or contribute to a training fund, without taking into account the capacity of local industry to meet the demand or how best to increase that capacity. read more
EPEUS – Which one was yours and why will the next one be better?
Based on our own analysis, explorers, especially small independent oil companies, are still struggling to find potential investors for their projects. The current oil prices and its uncertainties have made the struggle even harder than what it was pre-2014. read more
Shearwater GeoServices – Changing The Face of the Seismic Sector
From the depths of the downturn a new contractor has emerged with ambitious plans. read more
Newswire: Clean Energy in Latin America – August 2018
The top headlines from August 2018 from the Latin America Clean Energy sector read more
Vivek T.A. Warrier, Bennett Jones
We have seen the entrance of many Private Equity backed independents into the US GOM, and the expansion of some traditionally shallow shelf focused players further out into the deep water, deep rock plays. read more
A greater industry for all
The energy sector has one of the most complex value chains across industries. Even those that have been involved for many years in Power Generation, Technology, Services and Energy Law are discovering new niches for their businesses. read more
Deloitte – Trends in oil and gas M&A
The oil and gas industry saw a steady decline in deal activity over the course of 2017. Will this trend continue in the year ahead? read more
Deloitte – M&A Trends Report 2018
Corporate and private equity executives foresee an acceleration of merger and acquisition (M&A) activity in 2018, both in the number of deals and the size of the transactions. read more
Kevin Price, Societe Generale
We have seen the entrance of many Private Equity backed independents into the US GOM, and the expansion of some traditionally shallow shelf focused players further out into the deep water, deep rock plays. read more
Newswire: Clean Energy in Latin America – July 2018
The top headlines from July 2018 from the Latin America Clean Energy sector read more
Siemens – Taming the Technology
The wave of digitisation that is sweeping through the oil and gas sector has the potential to transform the industry, but first it must overcome several key challenges read more
Siemens – Digital Twin
Digitization, digitalization, digital transformation, and the digital disruption, which involve big data, big analytics, advanced analytics artificial intelligence (AI), machine learning, automation, the Internet of Things (IoT), and the ever-important, abundantly abstract cloud. Some of those terms are used rather broadly and interchangeably, leading many to wonder: What exactly are we talking about here? read more
Siemens – Bridging the Cyber Readiness Gap
The digital revolution is creating immense opportunities for oil and gas companies who harness the power of IoTm and data-driven solutions. However, to safely capitalize on the efficiencies and benefits afforded by increased connectivity, organizations must be prepared to respond to an evolving security landscapes... read more
Siemens – LNG to Power
Often called the fuel of the future the global liquefied natural gas (LNG) market is projected to reach USD 20.6 billion by 2025, growing at a rate of 12.7 per cent per year. read more
WRA – Electronic Vehicles Report
Exclusive Report: Electronic Vehicles and Refining read more
Newswire: Clean Energy in Latin America – June 2018
The top headlines from June 2018 from the Latin America Clean Energy sector read more
Newswire: Clean Energy in Latin America – May 2018
The top headlines from May 2018 from the Latin America Clean Energy sector read more
Alessandro Bacci, Independent Energy Consultant, A Snapshot of South Sudan’s Oil Sector
According to BP Statistical Review 2007, at the end of 2016 South Sudan had 3.5 billion barrels of proven crude oil reserves, i.e., 0.2% of the world’s proven crude oil reserves. However, South Sudan, which got its independence from Sudan in July 2011, because of several problems, such as the lack of independent export routes, border disputes with Sudan, and since December 2013 an ongoing civil war, has not been able until now to consistently develop its oil industry; on the contrary, its oil production is currently declining. read more
Akshai Fofaria, Partner, Solicitor & Avocat and Regional Chair of the Africa Group, Pinsent Masons LLP
Pinsent Masons has been active in Africa since the early 1990s when we exported the private financing model to South Africa, culminating in the development of the Gautrain. Since then, the firm has provided an entire project lifecycle service, supporting those who have an economic interest in Africa’s major energy, natural resources and infrastructure assets, and are proud to have used our legal expertise to help facilitate the financing and growth of vital energy infrastructure on the continent, and to have provided strategic advice and representation to market participants. read more
Alessandro Bacci, Independent Energy Consultant, Algeria’s and Libya’s Petroleum Fiscal Frameworks
Algeria and Libya are two of the world’s most important petroleum-producing countries. The two countries share a similar economic structure although Algeria has a more diversified G.D.P. composition than Libya has. Algeria has a preponderant role as a natural gas exporter, while Libya has an analogous role in relation to crude oil. However, similarly to many other hydrocarbons producers, Algeria and Libya are having some difficulties in attracting foreign investors at a time when these two countries need state-of-the-art petroleum technology and financial resources to develop their petroleum assets. read more
Upstream Oil & Gas M&A: Co-operation for innovation
In 2017 we saw a continuation of the upturn in upstream M&A which began in late 2016. The oil & gas industry has been through a sustained period of focus on cost cutting but, as the oil price stabilises, many players are now seeing an opportunity to refocus on growth. read more
The MSGBC Basin: No “One Hit Wonder”
Following some exciting world-class discoveries, the oil and gas industry’s eyes were all on the MSGBC Basin. Soaring to the top of the list as Africa’s most exciting new E&P hotspot, the basin was the new “cool kid on the block”. However, this excitement has recently been dampened by some disappointing results...here’s why you might want to hold back that judgement for now, and why the MSGBC Basin should still be on your radar in 2018. read more
Anass Joundy, Principal Banker, European Bank for Reconstruction & Development (EBRD)
North and East Africa will represent the main opportunities for growth within the industry and the continent and Egypt will certainly be at the forefront of this wave of opportunities. read more
William Pollen, Director, Invest in Africa
Until we can make it easier for investors and local companies to play a more prominent part of Africa’s development story then the same old challenges and barriers to growth that we see today will exist long after even the natural resources are gone. read more
Newswire: Clean Energy in Latin America – April 2018
It is hard to deny that increasing diversity in the public and private sector is one of today’s central initiatives for corporate improvement and better business outputs. read more
What is the optimal energy mix?
Today we have the luxury of choosing between several direct and indirect viable energy sources. Renewables and gas are two of these, and of course historically coal has been the dominant force. The decisive question we always face is “what is the optimal energy mix”? read more
What is the optimal energy mix?
Today we have the luxury of choosing between several direct and indirect viable energy sources. Renewables and gas are two of these, and of course historically coal has been the dominant force. The decisive question we always face is “what is the optimal energy mix”? read more
IOC Tracker
When we talk about energy transition, what we are really talking about is a shift from a central energy supply (largely from fossil fuels), to a decentralised distributed model underpinned by technology. We are talking about a shift to digital and smart technologies. read more
Siemens – Data-driven
A case study shows how advanced condition- monitoring technologies— plus analytical expertise— can optimize maintenance of mission-critical equipment in offshore environments, while lowering costs and improving safety. read more
Jérôme Halbout, Managing Partner, 4D Global Energy Advisors
As specialised investors in the Energy space, we see these transformations coming and keep an ear on the ground with all the companies we meet to identify those who are ready to ride the wave. read more
Natural Gas & LNG – the bridge & ocean of Energy Transition
Observers of the global boom in natural gas production over the last couple of years will remember it wasn’t so long ago that the term “LNG Glut” was being touted ominously at large energy industry gatherings around the world. read more
Integrated Oil Companies in Energy
When we talk about energy transition, what we are really talking about is a shift from a central energy supply (largely from fossil fuels), to a decentralised distributed model underpinned by technology. We are talking about a shift to digital and smart technologies. read more
Siemens – Making the digital leap with Topsides 4.0
After two and a half years of cutbacks, reduced capital spending, and project delays, a harsh reality is setting in for the oil and gas industry: “lower-for-longer” oil prices may be the new norm and companies are going to have to change the way that they do business in order to remain competitive. read more
Guy Casteels, Founder, GFinance
Guy Casteels, Founder, GFinance answers questions surrounding the African oil and gas industry's investment climate, exploring the key opportunities, challenges and considerations when working within the region. read more
Alessandro Bacci
The Ministry of Petroleum has established a joint committee to redraft the P.S.C.s and to introduce amendments that may incentivize foreign companies to enter Egypt’s O&G sector. According to the current timeframe, the committee should be able to present its result by the end of this year. One of the most important modifications should concern a reduced reimbursement period to stimulate foreign investment. read more
Siemens – Expert Insights
Continuing oil and gas market pricing pressures keep exploration and production (E&P) operators looking for new ways to extract more oil from existing reserves for less. read more
Diversity Is Better For Business
It is hard to deny that increasing diversity in the public and private sector is one of today’s central initiatives for corporate improvement and better business outputs. read more
Expert Insight: CGG
When industry players explore a new area, collating all the available data and interpreting them can be challenging and time-consuming. JumpStart integrated geoscience packages provide a comprehensive, consistent resource of easily accessible data for evaluating petroleum systems, assimilating all the available data in a specific geographical area and framing it within a geological context. read more
Mexico Assembly – Key Takeaways
Mexico faces several big external and internal challenges in the next 12 months. What’s different is the feeling I got from talking to the active E&Ps, financiers, service providers and their partners. The industry itself feels mature, experienced and focused - as if the energy reform took place 20 years ago. I believe this is the surest sign that every one of these challenges can soon be turned into an opportunity. read more
Siemens – Extracting more oil for less
Continuing oil and gas market pricing pressures keep exploration and production (E&P) operators looking for new ways to extract more oil from existing reserves for less. read more
Oil & Gas VS Renewables
The bigger the invisible wall between these industries, the fewer winners there will be. So, today, as part of our global strategy to bridge oil and gas and renewables, we invite the industry to see a bigger and more diverse energy world with challenges and opportunities across multiple subsectors. read more
Africa: Untapped Potential
It shouldn’t be a surprise anymore, but energy development is only truly meaningful for local economy and communities when small -and mid-caps are present and striving. read more
World Energy Capital Assembly : Key Themes
The Oil & Gas Council hosted our flagship event, World Energy Capital Assembly in London on December 4-5 2017. With over 700 of our members from across the upstream oil and gas industry, financiers and investors, the conversation was flowing at a wide range of networking opportunities culminating in the annual Awards Dinner. With over 80 speakers taking part in discussions over two streams, the Assembly provided interesting insights into what the future holds for stakeholders across the industry. A number of recurring themes emerged over the two days, with the outlook on the whole generally positive. read more
World Oil & Gas Week – Key Themes
The Oil & Gas Council hosted our flagship event, World Oil & Gas Week in London on December 4-5 2017. We take a look at the Key Themes that were raised over the course of the two days between over 700 members. read more
Expert Insight: White & Case
A report earlier this year by the Japan Fair Trade Commission (often called the ‘JFTC’) has set tongues wagging in the Asian LNG industry. read more
Five Things We Learned About South America
It shouldn’t be a surprise anymore, but energy development is only truly meaningful for local economy and communities when small -and mid-caps are present and striving. read more
Alessandro Bacci
Iran has the world’s fourth largest proven crude oil reserves at 158 billion barrels (after Venezuela, Saudi Arabia, and Canada) and the world’s first proven natural gas reserves at 1,183 trillion cubic feet. read more
Matthew Brown, Partner, Latham & Watkins
The number of new gas to power (G2P) project announcements has swelled in recent months across diverse markets, including Asia, Africa and Europe — but potential challenges need to be considered. read more
Five Things We Learned About North America
While the industry is starting to see more and more institutional money flow into the Minerals & Royalties space (PE, Pension Funds, etc.), the market still has a long way to go on the education curve. read more
Four Things We Learned in China this Month
China has become, unknown to many, a leading light in both the promotion and adoption of renewable energy sources. read more
North Sea decommissioning: Primed for a boom?
Historically, the attitude towards decommissioning disused offshore oil and gas platforms—’abandonment’ as it was previously known—has been largely negative read more
Pride before the fall – Lest we should forget
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. read more
After a disruptive year, what next?
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? read more
Expert Insight – White & Case
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. read more
Why digital and collaboration are the future of offshore
The fourth industrial revolution is the convergence of software and digital technologies with the industrial world. read more
Long-term Contracts – What Price?
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. read more
Nigeria Assembly: Key Takeaways
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. read more
Gas Naturally Complements Renewables
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. read more
Executive Interview: Abhi Kohok, Subsurface Director, INEOS Energy
We caught up with the Abhi Kohok, Subsurface Director at INEOS Energy, ahead of the World Energy Capital Assembly to hear more about INEOS Energy's CCS pilot and more success stories from the past year. read more
Alternative Energy is now anything but
At the Oil and Gas Council, our role is to ensure we reflect our membership. It hasn’t escaped our notice that many of our members are undergoing efforts to realign their core business to a broader energy focus. Additionally, our network of financiers and investors are increasingly open to new opportunities that don’t sit in the traditional realms of upstream. Our network has been built around connectivity, trust, integrity and most important impartiality. This final pillar presents an important distinction to many of the initiatives currently being pursued in the clean energy space. read more
Asia Pacific Assembly Takeaways
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. read more
Five Things we Learned from Mexico Power Day
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. read more
Expert Insight, Patrick Pouyanné, Chief Executive Officer, Total
In 2019, we expect more than 9% in production growth, thanks to the ramp-ups of large projects like Kaombo or Egina plus some start-ups in Brazil, UK and Norway. But we can also expect a volatile Oil & Gas environment! This is why we will maintain financial discipline and pressure on cost reduction to further reduce our break even so as to remain profitable whatever the oil price and be able to invest in the company for the future.. read more
Spotlight on the North Sea
Although new exploration is expected to bounce back from 2018 levels, the OGUK has cautioned that drilling activity continues to stand at a “record low rate” and supply chain firms remain under significant financial stress. read more
Royalties and Minerals – a maze of uncertainty
The United States has taken a unique view on the issues of mineral rights and developed a system that is typically only found in that country. We explore this maze of uncertainty. read more