World Oil (Bloomberg) – The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come. Both chief executive officers touted capturing and storing carbon as
Publisher’s Note: Dan Genovese with EnerCom spoke with Energy Transition and Emerging Technology Session presenters Darin Knicely, Robert Downey, Chris Williams and Matthew Ciardiello about their emerging companies and value propositions. The Emerging Energy Technology and Energy Transition Session at EnerCom Denver is a unique opportunity for energy related technology, alternative energy and traditional oil and gas start-up ventures to
Publisher’s Note: Max Grey, Program Director at SixLab by Studio X, shares his thoughts on the world’s growing demand for energy and the need to have thoughtful conversations around policies that support reliable and affordable energy to fuel the modern world, promote energy equality and sustain the environment. Studio X is a global innovation studio with a mission to accelerate
Nasdaq While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrating the challenge for industry and the government in planning the shift to a low-carbon economy. The complex interplay between the transition, policy, economic performance and consumer preferences have made it harder than
Oil Price Looming shortages of critical metals enabling the energy transition could slow the uptake of renewables and low-carbon solutions, McKinsey & Company warns. Supply of nickel, copper, lithium, cobalt, tin, iridium, and rare-earth element dysprosium faces shortages this decade, which would raise metals prices, supply chain pricing, and the price of finished products such as EV batteries or solar panels,
Oil Price U.S. natural gas infrastructure will have to expand so that gas can serve as a backup power generation fuel amid soaring wind and solar capacity in the energy transition, says the chief executive of the pipeline giant handling one-third of U.S. gas deliveries. Natural gas will continue to be needed to prevent blackouts if weather is not
World Oil (Bloomberg) – Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come. “We will get market share,” Prates, Chief Executive Officer of Petrobras, said in an interview in Rio de Janeiro. “We may be
Oil Price The issue of how to reconcile the energy transition with energy security is taking center stage at one of the world’s biggest annual energy conferences this week. At the CERAWeek in Houston, the top oil and gas executives share the industry’s view of the current state of the global energy system—the world needs oil and gas and will
BOE Report I walked past a truck in a parking lot the other day and I figured out what’s wrong with everybody. It was a good-looking new semi-small one, and, walking with my head down, watching for ice and muttering as usual, I almost walked into the side of it. There, staring me in the face, was a huge decal
Nasdaq DAVOS, Switzerland – A different type of energy transition has taken place at this year’s World Economic Forum (WEF) meeting. Unlike 2021’s COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl in Davos. Activists like Greta Thunberg don’t like it. But some in the
Oil Price The pace of the energy transition could be slowed by a looming shortage of copper, analysts and top copper producers say. “There is going to be a very significant shortage in copper,” Richard Adkerson, chairman and CEO at U.S. copper producer Freeport-McMoRan, the world’s largest listed copper miner, told the Financial Times. The decarbonization drive will increase the
CNBC An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global. Unless significant new supply becomes available, climate goals will be “short-circuited and remain out of reach,” the report says. Electric vehicles, solar and wind power, and batteries for energy
