India Energy Week sessions to be hosted by yours truly

As India Energy Week 2026 approaches, the Oilholic is looking forward to moderating panels and fireside chats at the event being held in Goa, India from Jan 27 to 30, covering vital topics across the international energy sphere. It will bring together global leaders, corporate visionaries and technical experts. Here are the detail's of yours truly's sessions:

Wednesday, January 28, The Addition Stage, MDF Building, ONGC ATI, Goa @ 12:00pm

From reset to results: translating Canada–India political momentum into a priority partnership for long-term energy and critical minerals cooperation

• A fireside chat under the event's Energy Talks programme with Hon. Timothy Hodgson, Minister of Energy and Natural Resources, Government of Canada.

Wednesday, January 28, The Transition Stage, Convention Centre, ONGC ATI, Goa @ 10:30am

Global South clean energy solidarity: Powering South-South cooperation for a shared future

With panellists:

• H.E. Prof. Elmutasim Ibrahim Ahmed Ali, Minister of Energy and Petroleum, Republic of Sudan
• H.E. Ralph Regenvanu, Minister of Climate Change Adaptation, Meteorology and Geo-Hazards, Energy, Environment and Disaster Management, Vanuatu
• H.E. Dr. Eng. Sultan Welle Ahmed, State Minister of Energy, Ministry of Water and Energy, Ethiopia
• H.E. Indra Mani Pandey, Secretary General, The BIMSTEC Secretariat

Wednesday, January 28, The Resilience Stage, Convention Centre, ONGC ATI, Goa @ 13:40pm IST

Establishing global models for City Gas Distribution (CGD) networks: building clean, secure and equitable gas-based economies

With panellists:

• Suresh P Manglani, Executive Director and CEO, Adani Total Gas
• Goutom Chakraborty, CEO, GAIL Gas Limited
• Kamal Kishore Chatiwal, MD, Indraprastha Gas Limited
• Abhilesh Gupta, MD & CEO, THINK Gas
• Sandeep Jain, Former Executive Director, Gas, Indian Oil Corporation Limited

Thursday, January 29, The Resilience Stage, Convention Centre, ONGC ATI @ 16:30pm IST

Coal’s evolving role in a secure energy mix: charting a balanced and pragmatic approach

With panellists:

• Shri Vikram Dev Dutt, Secretary, Ministry of Coal - Official, Government of India
• Kyle Haustveit, P.E., Assistant Secretary for Hydrocarbons and Geothermal Energy, U.S. Department of Energy (DOE)
• B. Sairam, Chairman-cum-MD, Coal India Limited

Explore the event's exciting agenda here, and be sure to register here. 

The Oilholic is excited to play his part in the deliberations on pathways towards secure, inclusive, and affordable energy systems, tackling critical challenges such as decarbonisation, investment security and industrial transformation.

Looking forward to meeting old friends and making new ones! See you in Goa, if you can make it! More to follow. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo: IEW 2026 speaker profile of energy analyst Gaurav Sharma © India Energy Week / dmgevents, January 2026.

Media missives from WFES 2026

The World Future Energy Summit 2026 - held as part of Abu Dhabi Sustainability Week and hosted by Masdar - drew to a close on January 15, as the Oilholic rounded off an engaging week out in Abu Dhabi.

Yours truly hosted pivotal industry panel sessions and fireside chats at the event on subjects ranging from hydrogen to green bonds. 

This blogger also wrote plenty of missives via the keyboard for Forbes, and of course this blog. 

All blog entries for WFES 2026 are below: 

• WFES 2026 sessions to be hosted by yours truly
• WFES Day I: Kick-off after ADSW opening ceremony
• WFES Day II: Nexus of Next at ADSW
• WFES Day III: Talking green bonds & more on final day

And here are selected Forbes copies in chronological order based on soundbites and insights from the event:

• ‘Artificial’ Intelligence Craves ‘Actual’ Energy, Says Masdar Chairman, January 13, 2025
• Middle East Set For High Renewable Energy Capacity Growth By 2040, January 14, 2025
• UAE’s Masdar Raising Green Finance On An ‘Industrial Scale’, Says CFO, January 19, 2025.

That's a wrap for this year's WFES. More musing to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo: Gaurav Sharma at WFES 2026 in Abu Dhabi, UAE on January 15, 2026 © Gaurav Sharma, 2026. 

WFES Day III: Talking green bonds & more on final day

On the final day of the World Future Energy Summit another 61 sessions deep-dived into various aspects of the energy transition, aspects of renewable energy and green finance. 

On the latter point, yours truly kicked off the event's green finance discussion in the day's first fireside chat with Mazin Khan, Chief Financial Officer of Masdar. 

In his opening remarks ahead of the fireside chat, Khan set the stall for the efficacy of green bonds as a financial instrument to enable the transition and bring about change in hard-to-abate sectors. 

The Masdar CFO also shared the experience of his company on its issuances of green bonds and how they continue to play a key role in making it the UAE's renewables champion. 

Following the opening remarks, yours truly and the Masdar executive had a wide-ranging fireside chat touching on how green bonds improve transparency, drive resource efficiency, enhance governance, and, of course, signal a commitment to the cause of lowering carbon emissions. 

We also discussed how green bonds were now mainstream and issuances of 100-years maturities - indicative of an ultra long-term commitment - are no longer the novelty headline grabbers like they used to be, but rather routine. 

Additionally, Khan also touched on the incentives for issuing green bonds ranging from attracting a wider investor base to enhancing corporate reputation. They also form part of the wider agenda that encourages the development of regulatory frameworks supportive of the green finance industry. 

As of mid-2025, Masdar has raised $2.75 billion via its own green bond issuance programme, and Khan's concluding verdict was that the future of the green bonds remains bright with the global market only expected to get bigger. 

Away from the fireside chat, the Oilholic also joined the thousands who attended the event for a visit to its exhibition floor on its final day, as the conclusion of Abu Dhabi Sustainability Week approached. 

The event saw over 41,000 visitors from 114 countries and 455 exhibiting companies from 60 countries. It was also a great place to network and gain the latest energy industry insights. And on that note, its time to bid goodbye. 

As always, it has been a memorable and insightful time out here in Abu Dhabi for ADSW and WFES. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo I: Energy Analyst Gaurav Sharma at WFES 2026. Photo II: Energy Analyst Gaurav Sharma hosts fireside with Mazin Khan, Chief Financial Officer of Masdar. Photo III: Exhibition floor of WFES 2026 panel on January 15, 2026. Photos I & III © Gaurav Sharma, January 2026. Photo II © Zeena Zalamea / Portalproductions.me January 2026.

WFES Day II: Nexus of Next at ADSW

As the second day of the World Future Energy Summit 2026 and its programme came into its element, the Oilholic took some time out to have a walk about the event's sprawling Innovation Intelligence Hub spread over 3,600 sqm at the venue.

It's here that the forces shaping the transformation of the global energy system appear to be on full display covering all facets from technology to infrastructure, ideas for capital investment to future concepts. 

Bringing all of these facets to the foreground at the hub were over 70 startups translating breakthrough ideas into commercially viable solutions they appear to be pitching to the world. Of particular significance was an AI pavilion with over 30 companies embedding intelligence across generation, grids and demand. 

For the energy sector, AI is no longer an enabling tool - it is quite simply becoming a core infrastructure play.

Today, AI-driven optimisation can improve asset performance by up to 30%, while advanced forecasting and control systems are redefining how grids operate, balance risk and absorb variability. 

At the same time, it was observed at WFES 2026 that global investment in clean and intelligent energy start-ups now exceeds $50 billion annually, with capital flowing fastest into AI-enabled systems, hydrogen, storage and digital resilience. The good folks at the summit and the wider Abu Dhabi Sustainability Week family, as well as the hosts Masdar call it the “Nexus of Next: All Systems Go.”

This in their words is "a theme to life by reflecting a clear strategic reality: the next phase of energy systems transformation will be driven not by standalone technologies, but by integrated, intelligent, and secure systems designed to perform together, investable at scale, and ready for deployment."

As the second day progressed, 59 sessions across various WFES and ADSW content streams discussed the very forces shaping tomorrow, alongside discussions on energy transition economics and technologies. 

The discussion slants ranged from challenges and opportunities to capital investment and policy frameworks. 

The Oilholic got his summit speaking engagements underway by moderating two panels on the clean energy track. The first of these was on the subject of PV-battery storage. 

The panellists (see above) included Syed Ali Gilani, Planning and Energy Markets Director, Department of Energy Abu Dhabi, Jad Abdel Masri, Senior Director, Group Supply Chain and Procurement, Masdar, Dr. Thi Minh Phuong Nguyen, Battery Storage Systems Expert, MAI Group, Mike Sronce, Managing Director and Vice President, Sargent & Lundy and Mohammad Al Natour, Managing Director, SMA Solar Technology. 

We explored the economic drivers of grid-connected battery storage, deployment hurdles, and policy enablers positioning large-scale storage as the backbone of a clean energy future. 

The second panel touched on financing hydrogen and the innovative mechanisms that could be deployed to unlock capital in the segment. 

The panellists for this session included (see below) Dr Dimitrios Dimitriou, Group Vice President of ESG and Sustainability, EMSTEEL Group, Cornelius Matthes, CEO, Dii Desert Energy, Siddharth Malik, Managing Partner, Green Investors, Dan Feldman, Global Head of Energy, King & Spalding and Santosh Raikar, Managing Partner, Silverpeak.

Apart from discussing innovative financing structures, we also touched on risk mitigation strategies to instil investor confidence and secure guarantees necessary to scale hydrogen infrastructure. 

Elsewhere at WFES, attendees got to hear about the natural path of progression of renewable energy in the Middle East which is being led by the UAE. It appears the nation's renewable energy capacity is on track for a tenfold increase by 2040. 

And it is quite simply serving as a beacon for its peers with a pragmatic blend of traditional with renewable energy. Here's yours truly's feature on Forbes on the subject. 

Well that's all for now folks. More musings to follow as the event and the week enter their home stretch tomorrow. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo I: Innovation Intelligence Hub at WFES 2026. Photo II: Masdar's innovation globe. Photo III: Energy Analyst Gaurav Sharma moderates PV-battery storage panel at WFES 2026 on January 14, 2026. Photo IV: Energy Analyst Gaurav Sharma speaks at WFES 2026 on January 14, 2026. Photo V: Energy Analyst Gaurav Sharma moderates WFES 2026 panel on hydrogen on January 14, 2026. Photos I & II © Gaurav Sharma, January 2026. Photos III, IV & V © Zeena Zalamea / Portalproductions.me January 2026.

WFES Day I: Kick-off after ADSW opening ceremony

The World Future Energy Summit 2026 - being held as part of the Abu Dhabi Sustainability Week - got underway with aplomb on Tuesday. 

Before formal proceedings began, the attendees including were treated to an opening ceremony marked by cultural performances. 

The performances were followed by a keynote address from Dr. Sultan Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology, Chairman of the country’s international renewable energy company Masdar, and CEO of ADNOC.

In his remarks, Al Jaber called for pragmatic thinking on the energy mix, innovation, harnessing the power of artificial intelligence and continued investments in renewable energy and cleantech. Here is your truly's latest Forbes missive touching on it. 

The morning's proceedings also included the Zayed Sustainability Prize awarding ceremony. The prizes were handed out in various categories. These included the energy category prize, which went to Switzerland's BASE. It is a specialized partner of the United Nations Environment Programme, that offers "Cooling as a Service" or CaaS in emerging markets.

BASE's innovative business model enables a diverse range of end users of cooling systems to base their decisions on life-cycle costs rather than on the purchase price of cooling equipment. (If interested, read more about them here.)

The conclusion of the awards ceremony marked the mid-morning start of the summit with a packed agenda. 

Two of the world's most pressing topics - AI and climate change  - took centerstage at the Envision Global Technology Day, with a discussion in how technology is reshaping the future of global energy systems.

Science Based Targets Initiative's pathways for low carbon cities were also widely discussed throughout the first morning. 

Among other things, the attendees got treated to a special screening of Ocean - the powerful new documentary by Sir David Attenborough. 

The documentary was a compelling call to action that explores the beauty, fragility, and future of our oceans. 

A full day's programme - including two panels hosted yours truly - gets underway on Day II. But that's all for now folks. More musings to follow throughout the week. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo I: Signage of the Abu Dhabi Sustainability Week. Photo II: Glimpses of the ADSW opening ceremony. Photo III: Energy Analyst Gaurav Sharma at the World Future Energy Summit 2026 in Abu Dhabi, UAE. © Gaurav Sharma, January 2026.  

Venezuela's oil and Trump: Brass tacks on the BBC

Earlier this week The Oilholic had the immense pleasure of being interviewed for a BBC World Service in-depth report on why the US seeks Venezuela's oil, after President Donald Trump sent in the Delta Force to capture his Venezuelan counterpart Nicholas Maduro in a night raid on January 3. 

The report is a primer on regional geopolitics, difference between the various global crude oil grades (of which some 160 plus varieties exist), 'crude' connections between the oil industries of both countries, Big Oil, and, of course, ultimately how we got to the recent events. 

Many thanks to the BBC World Service Team for inviting The Oilholic to share his insights and 'crude' views. Here's the in-depth video report. Have a watch and give us a shout on what you make of it.

   

More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo: Energy analyst Gaurav Sharma on the BBC World Service on January 8, 2026 © BBC World Service, January 2026.  

Speaking and moderating at India Energy Week 2026

Delighted to announce that yours truly will be moderating and speaking at India Energy Week 2026 due to be held in Goa, India, from January 27 to 30. This global energy event is expected to welcome participants from 120+ countries. 

Last year's edition attracted over 68,000 participants, 570 exhibitors, 5,400 conference delegates, and hosted 100 conference sessions featuring 540+ global speakers, present company included. Explore the 2026 edition's wide-ranging agenda here. 

Hosted under the patronage of the Ministry of Petroleum and Natural Gas, Government of India and co-organised by the Federation of Indian Petroleum Industry (FIPI) and dmg events, India Energy Week will drive collaboration across the entire energy community and reinforce its role among the world’s most influential global energy dialogue platforms.

The week-long proceedings will offer invaluable insights, thought leadership, foster collaboration among key stakeholders and accelerate progress on the sustainable energy agenda. The Oilholic is excited to play his part in the deliberations. To attend the event, register as a delegate here.

Looking forward to meeting old friends and making new ones! See you in Goa, if you can make it! More to follow. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo: IEW 2026 speaker profile of energy analyst Gaurav Sharma © India Energy Week / dmgevents, January 2026.

WFES 2026 sessions to be hosted by yours truly

As Abu Dhabi Sustainability Week week approaches, the Oilholic is looking forward to moderating panels and fireside chats at the World Future Energy Summit (January 13 to 15), an event being hosted by Masdar (Abu Dhabi Future Energy Company) as part of the week-long ADSW proceedings covering vital topics across the energy spectrum.

The event will bring together global visionaries, leaders and technical experts. Yours truly can't wait to get started. Here are the details of the sessions: 

Wednesday, January 14, ADNEC Hall 4, Stage 3 @ 11:40 GST

The PV-battery storage tipping point

This panel will explore the economic drivers of grid-connected battery storage, deployment hurdles, and policy enablers positioning large-scale storage as the backbone of a clean energy future. Fellow panellists include: 

• Syed Ali Gilani, Planning & Energy Markets Director, Department of Energy Abu Dhabi
• Jad Abdel Masri, Senior Director, Group Supply Chain & Procurement, #Masdar
• Dr. Thi Minh Phuong Nguyen, Battery Storage Systems Expert, MAI Group
• Mike Sronce, Managing Director & Vice President, Sargent & Lundy
• Mohammad Al Natour, Managing Director, SMA Solar Technology

Wednesday, January 14, ADNEC Hall 4, Stage 3 @ 15:55 GST

Financing hydrogen: Innovative mechanisms to unlock capital

This panel will explore innovative financing structures and risk mitigation strategies to instil investor confidence and secure guarantees necessary to scale hydrogen infrastructure. Fellow panellists include: 

• Dr Dimitrious Dimitriou, Group Vice President of ESG & Sustainability, EMSTEEL Group
• Cornelius Matthes, CEO, Dii Desert Energy
• Siddharth Malik, Managing Partner, Green Investors AG
• Dan Feldman, Global Head of Energy, King & Spalding
• Santosh Raikar, Managing Partner, Silverpeak

Thursday, January 15, ADNEC Hall 7, Stage 4 @ 10:15 GST

Green bonds and beyond: Innovative financing instruments to accelerate the energy transformation

• A fireside chat with Mazin Khan, CFO of Masdar 

Explore the event's exciting agenda here, and be sure to register here.

Join the Oilholic in Abu Dhabi next week if you can! More to follow. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Digital event banner courtesy of WFES 2026 & Masdar.

Muted start to oil trading despite US hit on Venezuela

Happy New Year dear readers! As crude oil trading for the current year gets going, we're witnessing a fairly muted start to proceedings with benchmark futures having barely budged from last week's levels. 

That's despite US President Donald Trump sending in the elite Delta Force force to grab Venezuelan President Nicholas Maduro on Saturday. Trump's successful incursion, quips about Venezuela's oil industry and a new stable government / different regime has also brought the country's 'crude' potential into sharp focus. 

However, anyone hoping for short-term changes to the global supply dynamic is either kidding or exaggerating. Venezuela's crude production is on its knees thanks to Maduro and his predecessor Hugo Chavez's constant meddling into how its run. 

Venezuela once produced 3.5 million barrels per day before the turn of the millennium. But today it can barely muster 1 million bpd. Returning it to its former glory days would need stability, investment and time. In short, there wont be any instant gratification.

Much has also been made about the country's 'proven' oil reserves with a 300 billion+ barrel figure being brandished about. For starters, reserves alone do not equate to riches, and the figure itself dates back to the summer of 2006 when PDVSA - the country's state-owned oil company - published it. Back then oil prices ranged around $130 to $140 a barrel. Today's prices range well below half of that level. What was commercially viable to be tapped at $130 isn't quite so at $60! 

This brings us to the oil price itself, for which this development is largely a near-term non-event, and long-term bearish. Why? For now, nothing is happing bar a marginal uptick in Venezuelan exports, which currently account for less than 1% of the total global supply pool. And were that level to be doubled, say in 10 years time, more oil in the supply pool means lower prices. 

With lacklustre demand and falling oil prices - realising what Venezuela has in reserve is going to be a totally different ball game. Finally, despite the jump in US E&P and OFS stocks overnight, it is by no means certain they would play in Venezuela. 

Let's not forget the playing field itself is far from stable. For who knows what sort of mess the US incursion may create in a place that is already pretty messy! Well that's all for the moment folks. More musings to follow. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo: Oil pump jack building block model at the AVEVA World 2023 Conference, Moscone Center, San Francisco, US © Gaurav Sharma, October 2023.

Speaking at World Future Energy Summit during ADSW

Delighted to announce that yours truly will be speaking and moderating at the World Future Energy Summit 2026 due to be held in Abu Dhabi, UAE from Jan 13 to 15, on a number of panels and executive dialogues. The summit will be held as part of Abu Dhabi Sustainability Week, that the Oilholic will also be participating in. 

Explore the event's exciting agenda here, and be sure to register here. It's complimentary. 

Excited to be part of the global conversation driving clean energy innovation and sustainability. 

More details on the Oilholic's panels to follow soon. Join me in Abu Dhabi this January. Looking forward to meeting old friends and making new ones!  

Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Digital event banner courtesy of WFES & Masdar.

Crude prices, Venezuela, BP's incoming CEO & more

Another day, another oil tanker seized by the US off the coast of Venezuela. That's after US President Donald Trump said he was ordering a complete blockade of sanctioned crude carriers entering and leaving Venezuela. And as it appears, the Americans may well be in pursuit of a third tanker after having seized two already. Situation remains volatile as the Trump administration is showing no signs of easing up on Venezuela 

Despite all what's afoot, the oil price is still lurking around the $60 per barrel mark using Brent as a benchmark. It is roughly the level it was at in February 2021. That's because there's still plenty of oil in a market that's heading to a potential surplus next year, as the Oilholic has previously noted. The scenario has given President Trump plenty of room for sabre rattling and putting the squeeze on Venezuela. It will be worth watching where this goes.  

Away from crude prices and Venezuela, another development that really got the market chatting was the sudden and surprising announcement of another BP CEO appointment. 

Late on Wednesday, the energy major announced the departure of Murray Auchincloss and named Woodside Energy boss Meg O’Neill as its incoming CEO. 

That'll be the company's fourth CEO in six years going back to Bob Dudley's retirement in 2020. In that time, BP's share price has persistently trailed its rivals. The company also made costly renewables calls that didn't work out, became the target of an activist investor and had to contend with embarrassing talk of a takeover. So, O'Neill has her work cut out, as the Oilholic said in a BBC interview the morning after the news broke.

Many investors are perhaps counting on the new CEO turning things around to build a more profitable and fitter BP. Admittedly, it will be a tough ask with a huge in-tray. But perhaps a solid pro like O'Neill may well be the one to do it. Overall, the appointment should go down well with the market and shareholders. Of course, how it pans out remains to be seen.

Well, that's all for the moment folks. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photo: Gaurav Sharma, Energy Analyst, Oilholics Synonymous, on BBC News, December 18, 2025. © BBC, December 2025.

Talking AI driven materials discovery with Team Altrove

Gaurav Sharma, Energy Analyst, Oilholics Synonymous with Thibaud Martin, CEO & Cofounder of Altrove (center), and Joonatan Laulainen (right), CTO & Cofounder, at the company's laboratory in Paris, France. 

Coming up with new materials in the laboratory isn't new. The material science community has been at it for nearly a century and found new materials with their use cases oftentimes by accident or sometimes by design. But in an age in which the West's concerns over secure access to rare earths is rising, the "design" aspect of material science has taken on a whole new meaning thanks to AI. 

The fine craft of AI driven materials discovery - a growing field either side of the Atlantic - is in near step with growing geopolitical uncertainties and anxieties over critical materials access that much of the digital world has come to rely. 

In recent years, the Oilholic has counted nearly two dozen startups attempting it, primarily in Europe and North America - the two continents where the need is likely to be the greatest as China lords it over its rare earth resources. Many are upscaling following recent seed funding rounds. Among them is Paris, France-based Altrove whose lab this blogger visited recently to catch up with its CEO and Cofounder Thibaud Martin.

"We believe our startup is on an exciting journey because we exist in a market that's growing out of commercial, geopolitical and environmental necessities - three very powerful motivators. Security of resource materials supply is critical to business and industry," Martin told this blogger while taking him around the startup's lab in a Parisian suburb. 

And Joonatan Laulainen, CTO and Cofouncer of Altrove, who joined Martin and The Oilholic on the lab floor, noted: "We believe ours is a race to have scalable technology in place that ensures that our AI-designed materials consume the resources we want them to consume, without dependence on other nations' resources. We are quietly and confidently proving to investors that we're on our way there. 

“Ultimately, our AI acts as a digital scientist, one that designs and executes experiments without human intervention. So, we can develop new materials faster, cheaper and at the scale industry requires.”  

Martin, Laulainen and their team of over a dozen international colleagues, believe the difference would be reducing a typical time frame of 20 years for conjuring up a new material (and taking it to production) to under two years. 

There's plenty of market chatter about similar levels of ambition across the AI driven materials discovery space. Martin discussed the segment's business and market potential in an interview with yours truly for Forbes earlier this month, which you can have a read here should you wish. 

For its efforts, Altrove has commendably secured "over a dozen partnerships" with companies across several industries to deploy AI-designed materials at scale. Some of its first-of-a-kind technical milestones include - rare-earth-free, cobalt-free magnetic materials for high-performance motors and non-toxic, lead-free compounds for sensors and actuators.

Martin declined to reveal the names of the companies Altrove is partnering with at this stage. But in the spirit of demonstrating its credentials and proving that its AI works, both the CEO and CTO offered this blogger an off record tour of their lab, its inner workings and insight on how upscaling their tech would fall into place. 

As things stand, Team Altrove appears to be well prepared for the hard slog in this competitive sphere, as interest from seed investors continues to grow across this segment. The company has $14 million to work with for now, $10 million of which was raised in a recent seed funding round led by Alven, an independent venture capital firm that's backed over 130 startups over the last two decades. 

The Oilholic wishes Team Altrove all the very best in their efforts. And overall, it looks to be an exciting industry in its nascent stages, with companies and technologies well worth keeping an eye out for. That's all for the moment folks. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photo: Gaurav Sharma, Energy Analyst, Oilholics Synonymous, with Thibaud Martin, CEO & Cofounder (center), and Joonatan Laulainen (right), CTO & Cofounder, of Altrove at the company's laboratory in Paris, France. 

'Crude' chat with Meren Energy CEO Roger Tucker

Gaurav Sharma, Energy Analyst, Oilholics Synonymous with Roger Tucker, CEO of Meren Energy (right).

Quite recently, the Oilholic recently had the great pleasure of catching up with Roger Tucker, CEO of independent oil and gas company Meren Energy (TSX: MER, OTCMKTS: MRNFF). As the end of the current trading year approaches, the company - with Tucker at the helm - has had an exciting past twelve months to say the least. 

In March, Meren completed the consolidation of Prime Oil & Gas, acquiring Brazilian finance and investment house BTG Pactual’s remaining stake to gain 100% ownership of it. Subsequently, BTG Pactual took a 35% stake in the consolidated entity. The summer months then brought with them market chatter of a merger with Tullow Oil, a smaller London-listed and Africa-focused industry peer in terms of market valuation. But talks ultimately collapsed.

And in May, there was a corporate name change to Meren Energy from Africa Oil. In a conversation with this blogger for Forbes, back in October, Tucker described it all as an exercise in "strategic housekeeping," his firm's "wider evolution," and a carving of ambitious pathways that will eventually extend its portfolio beyond Africa. Have a read of that Forbes interview here if you wish.

Given that wider context, it was great conversing with Tucker's for the readers of this blog too. The Meren CEO said his company would continue with its mission of generating attractive investor returns and keeping its enhanced dividend policy intact. That policy has seen it deliver $100 million in base dividend this year. 

"Much this banks on our primary assets, namely three FPSOs - Akpo, Egina and Agbami - in Nigeria. And looking to the future, we remain active in Equatorial Guinea and what's potentially a pretty promising foray into Namibia's Orange Basin."

Tucker added that Meren remains focused on organic growth and its longstanding mantra of doing "the right deals at the right time" by keeping a hawkish eye on hydrocarbon plays of interest. 

Just after the Oilholic spoke to Tucker, in November the company a posted a Q3 2025 net income of $5.2 million and an EBITDAX of $119.8 million. Meren also reduced its reserve base lending debt by $180 million during the quarter, ending with a debt balance of $360 million. 

Cash flow from operations before working capital adjustments was reported at $243.1 million for the first nine months of 2025, and, of course, that dividend mentioned above too! 

One more interesting snippet, before the Oilholic takes your leave. Just last week, Meren announced a renewal of its share repurchase program after receiving approval from the Toronto Stock Exchange.  

The approval allows the company to buyback up to 21.6 million of its common shares over the next year across the TSX and Nasdaq Stockholm. This could potentially stack up to $35 million in repurchases. The buyback period may run for 12 months from December 8, depending on how the company wishes to proceed. Shares purchased will be cancelled.

Under its previous buyback program that ended earlier this month, Meren repurchased over 8.4 million shares at an average price of C$1.93 (£1.04, US$1.40). Overall, a decent set of numbers and moves from a company to watch out for. Well that's all for the moment folks. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photo: Roger Tucker, CEO of Meren Energy (right) with Energy Analyst Gaurav Sharma.

A 'crude' view from the Sea of Marmara's shoreline

The Oilholic finds himself wrapping up a trip to Istanbul, Türkiye, for the Black Sea and East Med Refining & Trading Conference and Executive Retreat. 

Early starts over the past few days here have brought with them a most spectacular view of the city's Tahiri Atakoy Kulesi monument, the Baruthane Millet park, and, of course, tankers and bulk carriers in the Sea of Marmara.

Many of these are anchored waiting to cross the Bosphorus, a narrow natural strait and an internationally significant waterway straddled by the sprawling city of Istanbul. The Bosphorus connects the Sea of Marmara to the Black Sea and forms one of the continental boundaries between Asia and Europe. 

It is a key crude maritime artery for the oil and gas industry. The location makes for a fitting place to discuss the direction of travel of the currently rocky oil prices, more so at the end of the week in which OPEC+ decided to hold fire on production and Russian shadow fleet tankers were attacked in the Black Sea! Despite our fraught world and heightened levels of geopolitical tension, yours truly told the event there's little to be bullish about the oil price. 

Brent is struggling to hold the floor at $60 per barrel. The Oilholic believes that floor will likely be breached in Q1 and Q2 of next year. 

Forget $60, this blogger believes even $50 levels may well be challenged. That's because there is a lot of crude out in the market, and a supply surplus, especially of light sweet crude beckons. 

Regardless of what OPEC+ does (or doesn't) non-OPEC oil production growth alone can meet demand growth levels forecast for 2026. 

And those hedged US shale barrels are not going away anytime soon, to be read as at least Q4 2026. Additionally, near-term crude demand remains less than certain as has been variously documented. Oil remains as much a story of demand as it is of supply. 

Let's see where this goes. But to underscore the current market dynamic, none of the (physical) traders the Oilholic met in Istanbul reported any sort of difficulty in securing any sort of crude grade at competitive prices, per their respective solver models. 

Moving on from crude pricing dynamics, yours truly discussed the event's core subject of refining. More specifically, the ongoing painful demise of refining in Europe in general, and Northern Europe in particular, and its rise in the Eastern Med, Middle East and Asia. 

This trend has become entrenched in the global refining and petrochemical complex. But first the figures. 

Various data aggregators, market commentators and forecasters have examined the state of the world's refining complex, and what it is going to be like in 10 years time. 

Between them, the likes of Kpler, Wood Mackenzie, S&P Global Platts, and more, have looked at 500 global refineries that they think might be at risk of closure within 10 years. 

Some of the most obvious risk factors include demand shifts due to electric mobility, pressures on net cash margins, policy changes, input and carbon compliance costs and competition. Of these 500, a fifth, or around a 100, were projected to be at risk closure with more than half of those in Europe. Such projections make Europe the continent where the refining and petrochemicals sector is quite simply being decimated. 

But as that happens, the refining complex from Turkey eastward appears to be coping well without having to contend with the just the sort of high energy and net zero compliance costs we see in Europe. 

All of this is triggering significant, unmistakable shifts across the liquid bulk supply chain. To discuss this and more, yours truly was joined on a panel by Rosemary Griffin, OPEC+ Lead Reporter, S&P Global Platts, Sevil Arif, Senior Marketing Specialist at SOCAR Türkiye, Elif Binici Ersen, Energy Analyst at Kpler, and Sergey Ivanov, Executive Director at Marine Bunker Exchange.  

In an engaging discussion, the panellists touched on both crude prices in 2026 as well as the operating climate in the refining sector. 

There was consensus on the panel that world is likely looking at testing the $60 per barrel floor fairly early in 2026, with some strength returning to the market later in the year. 

On the refining side, we discussed the opportunities in the Eastern Mediterranean and further eastward, and challenges in Europe. 

Much of dialogue acknowledged that Northern Europe’s refining sector is now at a critical juncture, faced with declining margins and policy pressures to adapt to rapidly evolving continental compliance problems. And, quite frankly, it doesn't look too good, just as competition from Asia and the Middle East rises. 

Well, that's all from Istanbul folks. My thanks and congratulations to Confidence Information Services - the hosts of this wonderful event. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photos I & II: Tanker and bulk carriers in the Sea of Marmara © Gaurav Sharma, November 2025. Photos III & IV: Gaurav Sharma at speaks at the Black Sea and Eastern Mediterranean Refining & Trading Conference and Executive Retreat, Istanbul, Türkiye, on November 27, 2025 © Confidence Information Services, November 2025. 

Speaking at Türkiye - Black Sea & East Med Refining & Trading conference

Delighted to announce that yours truly will be speaking at the upcoming Türkiye – Black Sea and East Med Refining & Trading conference and executive retreat. The event - being held November 27-28, 2025 in Istanbul - will touch upon regional market dynamics, pricing, and logistics.

More details on the event and its agenda are available here.

The Oilholic looks forward to the deliberations, meeting industry peers, regional corporate heads, decisionmakers and friends from the energy community. Join, if you can, for some fantastic industry exchanges and networking in Istanbul.

Keep reading, keep it here, keep it 'crude'!

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photo © Confidence Information Services Ltd, November 2025.

Leadership Conversations with Emerson series

The Oilholic is delighted to introduce Emerson’s new Leadership Conversations series that yours truly has been privileged to host on the company's behalf. The series brings together leading voices from Emerson and its affiliate brands such as Aspen Technology, National Instruments and more, to the fore on digitization, electrification and automation of the world's energy, industrial and manufacturing complex.

As AI, IIoT, BigData and robotics reshape how we do things, this series explores the approaching horizon from the perspective of one of the world's leading technology, software and engineering powerhouses, and its global customers and partners. The initial batch of videos are available here.

In the very first episode, Chief Operating Officer Ram Krishnan discusses Emerson’s new software-defined, OT-ready enterprise operations platform. Watch the full interview here.

And do watch this space for more to come, as Team Emerson and yours truly bring further industry insights and leadership conversations your way. More musings to follow soon, but its goodbye for now. Keep reading, keep it here, keep it 'crude'!

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photo: Leadership Conversations with Emerson © Emerson, November 2025.

Media missives from ADIPEC 2025

ADIPEC 2025 drew to a close on November 6 and the Oilholic had an engaging week out in Abu Dhabi. Yours truly hosted four pivotal industry panel sessions at the event on subjects ranging from hydrogen to downstream decarbonisation.

This blogger also hit the airwaves to discuss the wider energy market, quarterly results of BP and Aramco, oil supply and demand scenarios for 2026, investment by the energy sector in automation and AI, and some of the soundbites coming out of this year's ADIPEC. 

These included broadcasting calls with the BBC, France 24, and more, with the Oilholic's week also peppered with plenty of missives via the keyboard for Forbes, and of course this blog.

This year, yours truly also partnered with Schneider Electric for a global research project on the adoption of automation in the energy sector, the first phase of which - on the Middle East - was released at the event. Further details are here. 

All blog entries for ADIPEC 2025 may be found here. And here are selected Forbes copies in chronological order based on soundbites and insights from just before, during, and immediately after the event: 

• AI Is Reshaping How Industries Run, Compete, And Grow, October 26, 2025
• Energy CEOs Warn More Investment Is Needed As Demand Continues To Rise, November 3, 2025
• Big Oil Earnings Season Marks A Return To Basics With Lower Profits, November 10, 2025
• Big Oil Is Pairing Up With Big Tech For An Opportunity Worth Billions, November 11, 2025

That's a wrap for this year's ADIPEC. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photo: Gaurav Sharma at ADIPEC 2025 studio in Abu Dhabi, UAE on November 4, 2025 © dmgevents / APCO Worldwide. 

ADIPEC Days III & IV: Energy. Intelligence. Impact.

As ADIPEC 2025 entered its home stretch, the broader conference-wide discourse continued to both amplify as well as offer a diverse range of views on the event's tagline of 'Energy. Intelligence. Impact.'

Several discussion slants across the event bolstered the belief that the planet's energy future will be shaped not by any one solution or sector segment, but by collaboration across industries, generations and geographies. A true energy mix if you wish. 

To this effect, ADIPEC saw ministers, CEOs, ultra high net worth investors, innovators and leading academics call for strong partnerships between public and private sectors, aligning targeted investment with innovation, and accelerate the technologies needed to deliver affordable, sustainable and secure energy for all.

Afterall as many leaders put it - energy equals jobs, growth and prosperity - which is why getting it right in the transition era matters. The Oilholic entered the homestretch of ADIPEC 2025 with three panel sessions at a cantor. On Wednesday, yours truly moderated a session titled 'Driving hydrogen forward: technology, standards and a level playing field.' 

Panellists included Nobuo Tanaka, CEO, Tanaka Global & Executive Director Emeritus, International Energy Agency (IEA), Raphaël Tilot, CEO, John Cockerill Hydrogen, Koji Yamamoto, CTO, JOGMEC, Michèle Azalbert, Chief Hydrogen Officer, Gentari and Lionel Sinaï-Sinelnikoff, Strategic Advisor, Beyond Aero. 

We all know that hydrogen’s success as a global energy carrier will depend not only on technological breakthroughs but also on the creation of a stable, transparent, and equitable framework that allows those technologies to thrive. 

The panellists discussed establishing internationally recognised definitions of "clean" hydrogen, common life-cycle carbon accounting methodologies, and compatible certification schemes deemed vital to building investor confidence and facilitating cross-border trade. 

They also explored how learnings from the LNG trade can potentially help unlock hydrogen markets, enable global trade, and accelerate the path to affordability and sustainability. 

Next up for this blogger on Wednesday was a panel on the 'The future of refining: decarbonisation, demand disruption, and strategic direction.'

The panellists included Sultan Albigishi , CEO, ADNOC Refining, Arvinder Singh Sahney, Chairman, Indian Oil Corporation, Dr. Mumuni Dagazau, EVP Downstream, NNPC Limited, Anibor Kragha, Executive Secretary, African Refiners and Distributors Association (ARDA) and Sylvain Cabalery, SVP Sustainable Fuels, Chemicals and Circularity, Technip Energies. 

In a lively discussion, the panellists offered their perspectives on how refining strategies are evolving to balance decarbonisation targets with structural market pressures, including overcapacity, shifting demand, and long-term competitiveness.

And on Thursday - ADIPEC's final day - the Oilholic turned his attention to financial innovation, chairing an open forum discussion with full audience participation, on 'Building the future energy system through infrastructure investment.' 

The speakers, who also directly engaged with members of the audience included Rajarshi Gupta, MD & CEO, ONGC Videsh Ltd and Jamil Asfour, Head of the Energy & Utilities Sector, Contango.  

Both offered their takes on innovative financing models such as infrastructure funds and public-private partnerships that address the complexities associated with critical projects will be crucial to unlocking the necessary investment to build the energy systems of the future. 

The audience members and speakers also discussed how investors, policymakers, energy executives and technology developers are planning to finance the infrastructure required for energy security and sustainability to thrive together, and what the future holds.

And with that ended the Oilholic's engagements this year ADIPEC. As always, it has been a memorable and insightful time out here in Abu Dhabi. But alas that's a wrap folks. More musings to follow real soon. Keep reading, keep it here, keep it 'crude'!

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2025. Photo I: Energy Analyst Gaurav Sharma at ADIPEC 2025 in Abu Dhabi, UAE. Photo II: Energy Analyst Gaurav Sharma moderates ADIPEC 2025 panel on the future of refining: decarbonisation, demand disruption, and strategic direction. Photo III: Visitors to ADIPEC 2025 in Abu Dhabi, UAE. Photo I: © Gaurav Sharma 2025. Photos II & III © ADIPEC / dmgevents.