Energy transition
The DOE-backed EGS-Twin project aims to simulate geothermal production systems, helping operators better predict performance and maximize output.
New geothermal technical content and programming will highlight knowledge transfer among oil and gas and geothermal professionals.
The challenge is to ensure that changes to major accident hazards are properly managed, whether the changes occur by adapting conventional industry operations to lower carbon or by introducing innovative technologies.
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COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic. -
The company is creating two new business groups: Natural Resources, focused on developing the upstream oil and gas portfolio sustainably, and Energy Evolution, dedicated to supporting the evolution of the company’s power generation, product transformation, and marketing.
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Environment/social/governance (ESG) represents the integration of human values into the financial value of investments. The energy industry that emerges from the COVID-19 pandemic will be different from the one that entered it.
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When considering the energy markets and climate risks, the debate around the energy transition has shifted from when it will happen to what it will look like.
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While renewable energy sources are poised to see major growth, possibly displacing natural gas as the top source of electricity in the US, hydrocarbon production will remain above or near current historical highs until at least 2050.
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Rapid scale-up of CCUS projects is critical to achieving net-zero carbon emissions by 2050.
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Macroeconomic and business risks, investor uncertainty, and the energy transition highlight the challenges outlined in the report.
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The bank funded some €2 billion in projects last year.
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In this video from Bloomberg, Eldar Saetre, chief executive officer and president of Equinor, talks about the company's increased push into the offshore wind power market.
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Wood Mackenzie energy transition experts take on some of the trickiest questions about how to meet the world’s future energy needs while managing climate change.
