Which trends will gain the most traction, and have the greatest impact on emissions? Wood Mackenzie has set out their predictions in their latest report, Emissions: 5 things to look for in 2021.
Launch of Eco Atlantic Renewables – a new company majority owned by Eco Atlantic and Update on Guyana and Namibia Exploration
Eco Atlantic Renewables has been formed to source, acquire, and develop exclusive renewable energy projects and to create value through low cost, high yield, solar power development.
The Upstream E&P sector has long been facing a number of ever-increasing headwinds and capital flows into the sector have been following a downward trend for some time. Lack of returns and unfulfilled promises over a prolonged period of time have driven investors from the E&P sector. So what must Oil & Gas companies do to attract investors back to the E&P sector?
The Energy Council takes a look at how Emissions Trading Schemes are being implemented to reduce the impact of emissions within big industry, in regions and countries across the globe.
Decarbonizing the world’s fossil fuel-based energy system is one of humanity’s most urgent challenges. It also represents one of the greatest opportunities to make global energy supplies more available, reliable and affordable than ever before.
I suppose a good place to start would be about a year before the oil price fell, in 2013. We noticed at that time that the industry cost structure had become severely inflated. Our ultra deepwater wildcats could cost $250 million gross and the industry was maxed-out in terms of activity and this was stretching global capacity and global capability.
As a consequence, the industry performance as a whole at the top of the last cycle wasn’t that good because of the over-reach and the very high cost structure.
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.
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.
I was born in an oil camp in North Dakota and my father was a Petroleum Engineer, so I was literally raised learning about the industry. I attended my first OTC when I was 13 years old.
In the current state of affairs, we simply can not do enough to promote the positive factors associated with our industry. I believe that we must continue to encourage discussions, at every level, that put Canada’s long term economic interests ahead of regional political interests.
We believe in putting the mineral owner first – it usually pays off for us. Additionally, I think we leverage technology really well. We have figured out how to use new software and data management tools to help us organize data and run titles more quickly.
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.
The Canada Assembly & Dinner is the birthplace of the Women’s Energy Council (WEC) and Canada has been more active than anywhere else in the world for this platform.
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..
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.