energy transition

The energy world is rapidly changing. The pressure to address climate change, ensure reliable energy supplies, and manage costs is greater than ever.

Wood Mackenzie reports that prices would need to rise, capital discipline would need to evolve, and spending would need to increase by 30% for the upstream sector to meet demand in a delayed energy transition scenario.

Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market.

Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.

With finite oil reserves, infinite innovation will allow the Permian to endure.

DNV’s Energy Transition Outlook 2024 projects continued growth in solar; slower growth in wind; and declines in coal, oil, and gas, while hydrogen and carbon capture projects are struggling.

The SPE Europe Energy GeoHackathon aims at educating and disseminating knowledge to all the participants on how data science applications can support geothermal energy developments and drive the energy transition. Boot camps begin 21 October.

Chevron CEO Mike Wirth urges more optimistic and balanced conversations regarding the energy transition.

Cost concerns temper public appetite for clean energy while companies struggle to find investors for projects.

Transition requires action, not perfect technology, but challenges remain around scalability, cost, and revenues.