energy transition – Page 5

Baker Hughes CEO lays out ‘hard truths’ behind the energy transition as gas prices surge

September 22, 2021

CNBC The CEO of energy technology firm Baker Hughes has outlined what he feels are key points related to the energy transition amid deepening concern about rising gas prices and the knock-on effects this could have in the months ahead. In an interview with CNBC’s Dan Murphy at the Gastech conference in Dubai, United Arab Emirates earlier this week, Lorenzo Simonelli was

Shell shareholders increase pressure for further climate action

May 18, 2021

Reuters LONDON – Royal Dutch Shell shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. A non-binding resolution submitted by Shell with the support of a large group of investors to vote on its recently unveiled climate strategy

Low carbon world needs $1.7 trillion in mining investment

May 10, 2021

Reuters LONDON – Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets on cutting carbon emissions to halt global

BrandAMP: Whitepaper – Carbon Capture, Utilization and Storage – Lynchpin for the Energy Transition

April 16, 2021

Oil and Gas 360 A recent whitepaper authored by Charles McConnell with the Center for Carbon Management in Energy at the University of Houston, in collaboration with the Gutierrez Energy Management Institute, focused on the new technologies required for an energy transition, none more critical than the broad commercial deployment of carbon capture, utilization and storage, or CCUS. The ability

What ‘energy transition’? Global fossil fuel use is accelerating and set to get even worse

April 14, 2021

CNBC LONDON — The world’s dependency on fossil fuels is likely to get even worse in the coming decades, exacerbating the risk of a climate catastrophe as world leaders and CEOs repeatedly tout their commitment to the so-called “energy transition.” Policymakers are under intensifying pressure to deliver on promises made as part of the Paris Agreement ahead of this year’s COP26,

Column: Ensuring the energy transition is equitable

April 8, 2021

Reuters LONDON – Phasing out consumption of fossil fuels in favour of zero-emission sources of energy will cause major social and economic disruption, creating a large number of losers as well as winners. Policymakers have begun to focus on the need for a just or equitable transition to address some of these impacts and broaden political support for ambitious decarbonisation.

Energy transition risks political strife in oil-producing states: report

March 25, 2021

Reuters LONDON – The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday. “Algeria, Iraq and Nigeria will be among the first casualties of a slow-motion wave of political instability that will engulf an array of oil producing countries over the next 3-20

Latam lags in energy transition race; urgent needs unmet

March 5, 2021

Reuters MEXICO CITY – As oil majors and developed nations push for a faster transition to clean energy, much of Latin America is struggling just to cover its basic supply needs for fossil fuels, which is forcing some countries to actually rely more on dirty energy sources. Experts speaking at this year’s all-virtual CERAWeek conference said a portion of Latin

Energy leaders grapple with climate targets at virtual CERAWeek

March 1, 2021

Reuters NEW YORK – Global energy leaders and other luminaries like Microsoft co-founder Bill Gates bored in on the tough road to transforming world economies to a lower-carbon future at the kickoff of the all-virtual CERAWeek conference on Monday. Within that, there was a notable bit of tension as some oil and gas executives asserted their primacy, noting the need

State oil firms risk wasting $400 billion as energy transition speeds up

February 9, 2021

Reuters LONDON – National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said on Tuesday. In a new report called Risky Bet, the Natural Resource Governance Institute (NRGI) estimated that NOCs could invest

Pandemic, energy transition to hasten peak in global oil demand: Rystad Energy

November 2, 2020

Reuters OSLO – The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway’s biggest independent energy consultancy Rystad predicted on Monday. Global demand will likely peak in 2028 at 102 million barrels of oil per day (bpd), down from a pre-pandemic forecast of a peak in 2030 at 106

Energy transitions and zero-carbon targets: Kemp

September 29, 2020

Reuters LONDON – Policymakers in many countries have outlined plans for an ambitious transition from a system dominated by oil, gas and coal in the 2010s to one centred around renewables, nuclear and carbon capture by the 2050s. Experience suggests a significant transformation of the global energy system is possible or even probable by the 2050s, though substantial transformation by

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