Showing posts with label Natural Gas. Show all posts
Showing posts with label Natural Gas. Show all posts

Friday, September 12, 2025

Gastech Days III & IV: The natural gas-AI nexus & more

As Gastech 2025 entered Days III and IV, and the finish line approached, conversations and dialogues at the event slightly turned from how natural gas would power an AI driven future to how AI itself would serve as an efficiency and decarbonisation enabler for the energy sector, and by extension to hard-to-abate heavy industry segments. 

To this effect, for the past three years, the event's AI-Energy, Climatetech and Hydrogen content streams have been steadily growing alongside signature plenaries. 

The Oilholic is happy to report that this trend continues. Additionally, this year also saw an even higher number of AI exhibitors. And leading global experts also showcased the impacts of new energy solutions such as methane abatement technologies and AI-driven optimisation, while addressing their impacts on rising energy demand and increased electricity consumption.

Yours truly got into the thick of the action via three panels on equally profound subjects on Day III. The first panel was on the topic of decarbonising heavy industrial sectors with e-fuels. 

Fellow panellists included Marco Àlvera, CEO & Co-Founder of TES, Alessandro Bernini, CEO of Maire, Dr Andrew Wood, CEO & Co-Founder of CATAGEN and Steve Esau, Chief Operating Officer of SEA-LNG. We discussed how with the right policies, collaborations and workforce support, sustainable fuels can contribute significantly to building a resilient, low carbon future. While there will be challenges along the way, there will also be opportunities. 

The second panel's topic was all about the unlocking the potential of low consumption AI technologies to accelerate energy transition goals. 

Panellists who joined yours truly for this panel included Uwa Airhiavbere, CCO - Worldwide Energy & Resources at Microsoft, Henri Domenach, Global Head - Energy Management of ENGIE, Parisa Bardouni, SVP & CTO of Aker Solutions, and Manoj Narender Madnani, MD - International at MARA.

Over an engaging and lively post-lunch exchange, we discussed how to activate low energy consumption, high impact AI technologies to deliver on the decarbonisation promise of generative AI.

And third and final panel that brought Day III's proceedings to a close for both the wider event, and this blogger, was on fostering full value chain collaboration to strengthen the market for scalable climate technologies. 

The panellists for this one included Guido D'Aloisio, CCO of Saipem, Yair Reem, Co-Founder & Partner at Extantia Capital, Charlie Sanchez, President - Infrastructure Advisory at Black & Veatch, and Dr. Ahmed El Sherbiny, VP - Energy Transition Fund at Copenhagen Infrastructure Partners. 

This one dear readers was all about plotting a roadmap for fostering the very sort of collaboration that translates ambition into tangible market impact.

Moving on from the penultimate day to the final morning - on Day IV - it was revealed that this year's Gastech saw nearly 50,000 visitors and attendees from over 150 countries, as this international event grows bigger by the year.

Additionally, next year's host city would be Bangkok, Thailand, as the event rotates back from Europe to Asia, the continent with a burgeoning natural gas demand. Well that's a wrap from Gastech 2025. It's been a memorable, insightful and engaging week out here in Milan. To be continued in Bangkok in 2026. Arrivederci for now. 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.

© Gaurav Sharma 2025. 

Thursday, September 11, 2025

Gastech Days I & II: Powering a sustainable energy future

The first two days of Gastech 2025 - which officially runs from September 9 to 12 in Milan, Italy - have flown by with senior energy officials, CEOs and global industry experts offering their viewpoints on "powering a sustainable energy future."

The tag line of the event was amplified on Tuesday and Wednesday by two top US officials, dispatched by President Donald Trump, to spread the word that energy, especially LNG, exports from the States will be a stable and reliable for a power hungry world. 

That's as the proliferation of AI and hyperscale datacentres present the prospect of the world's power demand adding the entire consumption of Japan - the world's fourth-largest economy - by the end of the year to the world's current demand level. That'd be a total consumption load of 1,000 TWh, or more than double of what the planet consumed three years ago. 

Renewables simply cant meet that demand, and that's where LNG exports from the US come into view, according to Doug Burgum, Secretary of the Interior and Chris Wright, Energy Secretary. 

Both officials spent plenty of time at Gastech spread over the first two days, making a case for natural gas, and indicating that the US would double its natural gas production. 

Both officials also suggested that the US natural gas industry in general, and LNG in particular, were a force for good and a key enabler of the AI revolution. Here is the Oilholic's latest Forbes missive summing up the US pitch

Away from the US position, and prior to Washington's take dominating the goings-on at Gastech 2025, Gilberto Pichetto Fratin, Italy's Minister of Environment & Energy Security launched the event on the opening morning on behalf of the host country. 

“Despite the progress of the energy transition, gas will continue to be part of the EU's energy mix for decades to come. This is why the Italian government – while working to ensure that clean, safe and reliable technology such as new nuclear power meets future growing energy demand – is at the same time ensuring that gas supplies are boosted and regasification capacity is increased,” Fratin noted.

Other officials from the European Union, Nigeria, Hungary, and Türkiye, also discussed the crucial role of energy supply diversification, global cooperation, and resilient infrastructure in shaping an inclusive and balanced transformation. 

In particular, Hungarian Foreign Minister Péter Szijjártó ruffled a few feathers by noting that his country does have alternatives to Russian oil and gas imports, but chooses to rely on Moscow for strategic, cost efficiency and infrastructural reasons, and not ideological ones. 

Senior industry CEO's also came calling. Claudio Descalzi, CEO of Italy's Eni, told Gastech: "We want to reduce emissions, but this is not achievable overnight. 

"You cannot do it by losing money or through subsidies and incentives. You have to make it affordable, because that is the economy - there is no other way."

Shell CEO Wael Sawan added: "Consistency of the regulatory environment is a priority, making sure that regulation incentivises one area but does not disincentivise others. 

"Everyone is rightly saying that we need to go to lower carbon products, yet we see maximum consumption of everything. We therefore need to broaden the perspective to say not what is good or bad, but to create the right incentives to allow the market to function."

And TotalEnergies CEO Patrick Pouyanne warned the Americans were building too much LNG infrastructure. "We are facing many US projects. We will face oversupply for some years if all these projects come onstream."

Well into Day II the focus was firmly on the natural gas-AI nexus, as the Oilholic began his Gastech 2025 speaking engagements with a panel on achieving operational excellence through the application of AI. 

The panellists included Dr. Ahmed Mohamed Alebri, CEO of ADNOC Sour Gas, Olakunle Osobu, Deputy MD of NLNG, Michael Deighton, SVP - Operations at Kent, Fabricio Sousa, Global President - Worley Consulting & Technology Solutions at Worley and Andy Webster, Global Digital Senior Director at KBR. 

The engaging panel discussion offered actionable insights into leveraging AI for enhancing  system reliability, and maintain a competitive edge in a rapidly evolving energy landscape. That's as natural gas, hydrogen, and power networks face mounting pressure to enhance efficiency and resilience.

In step with the conference, Gastech's exhibition also opened its doors with a focus on supporting industry growth and collaboration, bringing in more than 1,000 global exhibitors and 20 country pavilions showcase a transformative range of products and services.

From hydrogen-ready equipment and next-generation LNG terminals to AI and machine learning platforms, the exhibition underscored Gastech’s role as the leading meeting place for executives, investors, and innovators to scale new solutions for efficiency and decarbonisation across the value chain.

Yours truly also took time out to discuss the Norwegian election results as they arrived on Day I of Gastech with Enda Brady on TRT World's Roundtable programme. 

Among various other macroeconomic facets, we talked about how Norway's hydrocarbon production is currently at its highest since 2011, by drilling and producing from the North Sea - the very same continental shelf it shares with the UK. 

Ironically while the UK is discouraging fresh North Sea production, Norway's centre-left government that's just been re-elected has no such hang ups. That includes exporting $30 billion-plus of natural gas to none other than their British counterparts, currently governed by a party also of a supposed centre-left political persuasion!

That's all for now folks. More musings to follow from Milan over the coming days. 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.

© Gaurav Sharma 2025. Photo I: Gastech 2025 which officially runs from September 9 to 12 in Milan, Italy. Photo II: Doug Burgum, US Secretary of the Interior, speaks at Gastech on September 9, 2025. Photo III: Wael Sawan, CEO of Shell, speaks at Gastech on September 9, 2025. © Gaurav Sharma, September 2025. Photo IV: Energy Analyst Gaurav Sharma moderates panel on achieving operational excellence through the application of AI on September 10, 2025. © KBR, September 2025. Photo V: Gastech 2025 exhibition floor on September 10, 2025. © Gaurav Sharma, September 2025. Photo VI: Energy Analyst Gaurav Sharma speaks on TRT World's Roundtable programme. © TRT World, September 2025.

Tuesday, September 09, 2025

Gastech 2025 sessions to be hosted by yours truly

The Oilholic is delighted to be back speaking and moderating at Gastech 2025 being held in Milan, Italy this year. One of the world's largest natural gas conference and exhibition of its kind is being held here from September 9 to 12. 

Yours truly will be holding four panel sessions at the event with distinguished industry leaders from energy sector and its entire value chain. 

Please do join if you can for some fantastic and insightful industry dialogues. Here are the details of the sessions:

Wednesday, September 10, 2025 @ 11:00 CET

Operational excellence through the application of artificial intelligence technologies

With:

  • Dr. Ahmed Mohamed Alebri, CEO, ADNOC Sour Gas
  • Olakunle Osobu, Deputy MD, NLNG
  • Michael Deighton, SVP - Operations, Kent
  • Fabricio Sousa, Global President - Worley Consulting & Technology Solutions, Worley
  • Andy Webster, Global Digital Senior Director, KBR





























(Click to enlarge)

Thursday, September 11, 2025 @ 09:45 CET

Decarbonising heavy industrial sectors with e-fuels

With:
  • Marco Àlvera, CEO & Co-Founder, TES
  • Alessandro Bernini, CEO, Maire
  • Dr. Andrew Wood, CEO & Co-Founder, CATAGEN
  • Steve Esau, Chief Operating Officer, SEA-LNG




























(Click to enlarge)

Thursday, September 11, 2025 @ 14:00 CET

From investment to impact: Unlocking the potential of low consumption AI technologies to accelerate energy transition goals 

With:
  • Uwa Airhiavbere, CCO - Worldwide Energy & Resources, Microsoft
  • Henri Domenach, Global Head - Energy Management, ENGIE
  • Parisa Bardouni, SVP & CTO, Aker Solutions
  • Manoj Narender Madnani, MD - International, MARA



























(Click to enlarge)

Thursday, September 11, 2025 @16:15 CET

Fostering full value chain collaboration to strengthen the market for scalable climate technologies

With:
  • Guido D'Aloisio, CCO, Saipem 
  • Yair Reem, Co-Founder & Partner, Extantia Capital 
  • Charlie Sanchez, President - Infrastructure Advisory, Black & Veatch 
  • Dr. Ahmed El Sherbiny, VP - Energy Transition Fund, Copenhagen Infrastructure Partners















(Click to enlarge)

More musings to follow soon from Milan. 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.

© Gaurav Sharma 2025. 

Monday, September 08, 2025

A pre-departure Negroni & more ahead of Gastech 2025

The Oilholic is off to attend and speak at the natural gas industry's biggest jamboree - Gastech 2025 - for yet another year. This year's installment - the 53rd year in a row - is in Milan, Italy. Here's more on this blogger's panels.

So, what better way to contemplate the week that's about to follow other than over a delicious Negroni at the British Airways departure lounge dear readers. 

Now depending on the energy industry or ESG [or lack of] vernacular, call natural gas an 'interim' or 'bridging' or 'destination' or whatever you wish fuel, it's err.... here to stay. Let's face it, those hyperscale datacentres that you continue to hear about on the airwaves, the telly, and all else in between are not going to be powered by renewables in totality anytime soon. 

Because you and yours truly here need Grok, Gemini, Chat GPT and the wider global industrial and manufacturing complex need Industrial AI, and IIoT and more. So, they aren't going away, AI isn't going away, automation isn't going away, and well... natural gas fired power plants aren't going away either. 

That's why the U.S. of A, Australia and Qatar, and pretty much all of the GECF membership are pumping billions of gas dollars (yup,its not just petrodollars) into the business. And the great and good of the industry will be in Milan, including none other than US Energy Secretary Chris Wright. 

To quote the US Department of Energy, he will be there to "engage with energy ministers, nuclear and natural gas providers, members of the European Parliament and Commission, and other high-ranking officials to strengthen long-lasting partnerships and encourage countries to join the US as President [Donald] Trump builds a energy secure and prosperous future.

"This trip follows the announcement of President Trump’s Historic Trade Deal, which included an agreement from the EU to purchase $750 billion in US energy and invest $600 billion in the United States, all by 2028."

And, there you have it! 

But before one takes your leave, here's a bit more pessimism on that deal via yours truly's column in Forbes, and a word on natural gas and the Middle East via Energy connects

That's all for now folks. More musings to follow soon from Milan. 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.

© Gaurav Sharma 2025. 

Thursday, August 21, 2025

A Brent crude price floor at $65 for now?

The global oil market saw crude futures jump to two-week highs on Thursday with the Brent front-month futures contract keeping up its defence of $65 per barrel. But for how long that is the question? 

What's just happened is that a dip in US inventories bumped up the prices a smidge, with little tangible movement on the Ukraine peace push by US President Donald Trump. 

But as The Oilholic told Reuters this morning, if the White House's efforts do result in a halt to hostilities in Ukraine, and Russia gradually coming back into the international fold, it will be bearish for the crude market. 

While for now the Brent price floor to watch out for remains at $65 per barrel, geopolitical infractions aside, there appears to be a mismatch in where the prices are at compared to current global OPEC and non-OPEC crude output levels. 

There will likely be a supply surplus as we enter the fourth quarter of the year and head to the first quarter of 2026, as yours truly said in a recent Al Jazeera interview.

Year-till-date, Brent remains down by around 10% and there's further ground to give. And well, that can only be price positive for global consumers. 

Away from crude prices, here are a couple of Forbes missives from this blogger published over the last few days on Elon Musk and Tesla's potential bid to shake-up the UK electricity market, and why New Zealand's lifting of its 2018 oil and gas drilling ban is unlikely to alleviate the industry pain and energy shortages it caused anytime soon

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.

© Gaurav Sharma 2025. Photo: Energy analyst Gaurav Sharma on Al Jazeera English TV network. © Al Jazeera, August 2025. 

Thursday, August 07, 2025

Speaking and moderating at Gastech 2025

Delighted to announce that yours truly will be speaking and moderating at Gastech 2025 in Milan, Italy, from September 9 to 12, one of the world's largest natural gas industry event. 

Explore this global event's critical conference agenda that is driving the energy transition through groundbreaking innovation, visionary leadership and action here.










Further details on the Oilholic's panels and sessions to follow here over the coming weeks.

Entering its 53rd year this September, Gastech will champion the role of natural gas in delivering affordable, reliable, low carbon energy to meet rising global energy demands. 

Over four days, Gastech will convene 50,000 attendees from over 150 countries, 1,000 exhibitors and 21,000 expert speakers, present company included, uniting the world’s leading energy professionals to power the sustainable energy ecosystem of tomorrow. 

Looking forward to the deliberations, meeting thought leaders and friends. Join, if you can, for some fantastic industry exchanges and networking in Milan. 

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.

© Gaurav Sharma 2025. Digital event banner courtesy of dmgevents, August 2025.

Tuesday, November 12, 2024

Media missives from ADIPEC 2024

With ADIPEC 2024 drawing to a close on November 7, the Oilholic capped a fascinating and engaging week out in Abu Dhabi by hosting four pivotal industry panel sessions at the event on subjects ranging from climate finance to hydrogen markets in Asia.

Yours truly also hit the airwaves to discuss the wider energy market, impact of the US elections, an incoming Donald Trump administration and the various developments at ADIPEC 2024 which attracted over 200,000 people this year. 

These included broadcasting calls with the BBC, WION, Energy Connects and more, with this blogger's week also peppered with plenty of missives via the keyboard for Forbes, and of course this blog.

All blog entries for each ADIPEC day may be found here. And here are selected Forbes copies in chronological order based on soundbites and insight from the event. 

  • ADNOC Boss Urges Energy Peers To Fully Embrace Power Of AI, November 4, 2024
  • Donald Trump’s Presidency Will Likely Boost U.S. Oil Output In 2025, November 6, 2024
  • Strait Of Hormuz: Why Iran Wont Harm Critical Oil Shipping Route, November 7, 2024
  • British Energy Majors May Lean More On Oil And Gas To Boost Profits, November 8, 2024
  • New U.K. Tax Rates Are Hammering North Sea Oil And Gas Drilling, November 12, 2024

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 Motley Fool click here.

© Gaurav Sharma 2024. Photo: Gaurav Sharma at ADIPEC 2024 studio in Abu Dhabi, UAE on November 4, 2024 © dmgevents /APCO Worldwide. 

Sunday, November 03, 2024

ADIPEC 2024 sessions to be hosted by yours truly

The Oilholic is delighted to be back in Abu Dhabi, UAE for ADIPEC 2024, the world's largest energy conference and exhibition of its kind, being held here from November 4 to 7. Yours truly will be holding four panel sessions at the event with distinguished industry thought leaders. 

Please do join if you can for some fantastic and insightful industry dialogues. Here are the details of the sessions:

Monday, November 4, 2024 @ 15:30 GST

Climate finance: the role of the energy and finance sectors

With:
- Lina Osman, Managing Director & Head, Sustainable Finance - Africa and MENAP, Standard Chartered
- Bruce Johnson, Director, Corporate Finance and Treasury, Masdar 
- Jassim AlSane, Co-head of Investment Banking MENA, Goldman Sachs 
- Debnath Mukhopadhyay, CFO, TruAlt Bioenergy


















(Click image to enlarge)

Tuesday, November 5, 2024 @10:00 GST

Standardised sustainability reporting: building energy transition trust to boost investment 

With:
- Karim Arslan, Executive Director, Green & Sustainable Finance Originator, Green & Sustainable Hub, Natixis Corporate and Investment Banking
- Semih Ozkan, Executive Director, EMEA Energy, Power, Renewables, Metals & Mining, J.P. Morgan
- Don Dimitrievich, Senior Managing Director and Portfolio Manager for Energy Infrastructure Credit, Nuveen



















(Click image to enlarge)

Wednesday, November 6, 2024 @14:30 GST

Asia’s role in defining the hydrogen market

With:
- The Right Honourable Abang Johari Tun Openg, Premier of Sarawak, Malaysia
- Hiroshi Matsuda, Chief Regional Officer, EMEA, Mitsubishi Heavy Industries 
- Koji Yamamoto, SVP, JOGMEC 
- Shoichi Kaganoi, SVP, Hydrogen & CCUS Development, INPEX
- Karine Boissy-Rousseau, VP Green Gases, TotalEnergies



















(Click image to enlarge)

Thursday, November 7, 2024 @11:45 GST

The strategic role of NGOs in unlocking energy investment for emerging economies

With:
- Maha Attia, Assistant Vice Chairman for Foreign Trade, Egyptian Natural Gas Holding Company (EGAS) 
- Madadh MacLaine, Secretary General, Zero Emissions Ship Technology Association (ZESTAs) 
- Huda Al Houqani, Director, Abu Dhabi Sustainability Group (ADSG)
- Michel Abi Saab, General Manager, Emerge

















(Click image to enlarge)

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 Motley Fool click here.

© Gaurav Sharma 2024. Photo © Gastech / dmgevents 2024. 

Wednesday, October 02, 2024

Media missives from Gastech 2024

With Gastech 2024 drawing to a close on September 20, the Oilholic capped a fascinating and engaging week in Houston by hosting two pivotal industry fireside chats with H.E. Hardeep Singh Puri, Minister of Petroleum & Natural Gas, India and Chris Ashton, CEO of Worley.

And it was wonderful moderating multiple panel sessions on subjects ranging from harnessing the potential of natural gas for powering AI to solutions for the decarbonization of the global transport complex and climatetech finance.

Yours truly also hit the airwaves to discuss the energy market and developments at the conference. The final broadcasting call before departing was with the BBC, with this blogger's week out in Houston peppered with plenty of other missives via the keyboard for Forbes, and of course via this blog.

All blog entries for each Gastech may be found here. And here are selected Forbes copies in chronological order based on soundbites and insight from the event. 

  • Energy Bosses Demand Clear And Consistent U.S. Policies On Natural Gas, September 18, 2024.
  • India’s Energy Source Shifting Agility Will Define Its Transition, Says Oil Minister, September 20, 2024.
  • UK’s Cleantech And Green Energy Focused ‘Wealth Fund’ Is Anything But, September 24, 2024.
And that's a wrap for Gastech. 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 Motley Fool click here.

© Gaurav Sharma 2024. Photo: Gaurav Sharma on BBC News on September 18, 2024 © BBC. 

Friday, September 20, 2024

Gastech Days III & IV: Harnessing the power of natural gas and climatetech

Over the course of Thursday and Friday - days III & IV - of Gastech 2024 that put us on the home stretch towards the conclusion of global event, many of the conversations revolved around climatetech and harnessing the power of natural gas as a destination fuel in the world's march to a low to a zero carbon future. 

An action packed agenda was underpinned by several movers and shakers in the natural gas space especially LNG terminal developers and operators from Venture Global LNG to Mexico Pacific. 

Meanwhile, energy major Shell emphatically declared its intentions of continuing to expand its global LNG portfolio predicated in its belief of an expected industry growth of 50% by 2040. It also noted that North America's total upcoming LNG exports alone could account for around 30% of global demand by 2030. 

Many thought leaders also echoed each others' belief that decarbonizing industry and transportation would involve natural gas in close step with emerging technologies. Yours truly hosted panels on both transport sector decarbonization as well as climatetech on Thursday. 

The first of these was titled - Decarbonizing heavy transportation: Collaborations to address the acceleration of climate technology solutions from development to deployment. The panellists included Sukhmal Jain, Director (Marketing) & Board Member, Bharat Petroleum Corporation Limited, Yoki Firnandi, CEO, PT Pertamina International Shipping, Meg Gentle, Executive Director, HIF Global and Mark S. Brownstein, SVP, Environmental Defense Fund. 

Decarbonizing heavy transport, specifically shipping, aviation and HGV remains a key challenge in addressing climate change. 

The panellists discussed how to steer the transport industry to net zero by 2050, robust strategies that will be needed to stimulate supportive policies, innovation in technologies and collaboration across the value chain to drive the adoption of low- and zero-carbon fuels.

We also discussed some of the barriers to investment in zero-emissions fuelling infrastructure, including biofuels, hydrogen and clean ammonia, which can pave the way for achieving their long-term supply and the climate benefits of decarbonization and some of the incentives that may be required. 

Next yours truly's attention turned to climatetech via a panel titled - Fostering greater climate technology innovation, deployment, and scale across the value chain. Eminent panellists included - Mahdi Aladel, CEO, Aramco Ventures, Paula Gant, President & CEO, GTI Energy and Vikas Dhole,  Vikas Dhole, GM of Project Management, AspenTech. 

Climatetech innovation holds the key to ensuring a significant decarbonization of energy systems and GHG emissions reductions. 

The panel deliberated how governments, the energy value chain and the emerging climate technology market overcome challenges related to scalability, matching market demand with new energy supply and a lack of the workforce skills needed to drive further adoption and deployment of low-carbon technologies.  

As proceedings began to wind down late on Wednesday and early Thursday, attention turned to passing the baton on to next year's Gastech destination - Milan - which was revealed as the next host city for Gastech 2025. 

Simon Ford, Vice President, Gastech, dmgevents, said this year's event had seen participation of attendees from over 150 countries, including 50 official government delegations. 

The occasion was marked a lovely launch evening party before everyone bid goodbye to H-Town following an insightful and fantastic energy event that will live long in the industry's memory. Well that's all from Gastech 2024. See you at Gastech 2025 in Milan. 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 Motley Fool click here.

© Gaurav Sharma 2024. Photo I: The George R. Brown Convention Center, Houston, Texas, U.S. - Venue of Gastech 2024. Photo II: Gastech 2024 Strategic Panel on Decarbonizing heavy transportation: Collaborations to address the acceleration of climate technology solutions from development to deployment moderated by Gaurav Sharma. Photo III: Gastech 2025 Launch Reception at The Corinthian, Houston, Texas, US. © Gaurav Sharma 2024. 

Wednesday, September 18, 2024

Gastech Days I & II: Energy transformation through innovation

The first two days of Gastech 2024 have flown by with talking points aplenty and a who's-who of the energy industry in Houston at the city's George R. Brown Convention Center. 

Former US President George W. Bush got things going on Monday night by highlighting his state and country's achievements in the global energy sphere at the Gastech pre-event gala dinner. 

The state of Texas is the US' top crude oil and natural gas producing state. It also has the nation's highest refining capacity by some distance and remains a wind power leader. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. 

However, as Day I of Gastech - which is formally running from September 17 to 20 - kicked off on Tuesday, energy bosses bemoaned the lack of clarity and consistency from Washington on policy matters pertaining to natural gas exploration and LNG permits. (Read full report for Forbes here)

The Oilholic kick-started his Gastech 2024 speaking circuit journey on Tuesday as well, with India's Minister of Petroleum and Natural Gas Hardeep Singh Puri - a seasoned diplomat turned politician and a lively keynote speaker at international events. 

Our fireside chat was titled 'Energy transformation through innovation and investment'. It also served as a curtain raiser for India Energy Week 2025

Puri explained how India was managing the cyclical volatility in the energy market, its efforts aimed at improving energy diversity, investments in renewables and a call for changing the paradigm from a production-oriented approach to a more consumption-oriented approach. All at a time when oil prices are currently lurking around 2021 lows. 

The event's exhibition floor also opened its doors on the first morning for the 4-day event, with 800 exhibitors and 20 international country pavilions. Overall 50,000 attendees are expected this week, with 7,000 delegates from 125 countries. 

Later on Tuesday, yours truly also hosted a pivotal panel discussion titled 'Harnessing the advantages of natural gas to fuel the artificial intelligence (AI) revolution.' 

The panellists included Rebekah Eggers, Global Client Engagement & Innovation Director, Energy & Resources Sector, IBM, Arun Kumar Singh, Chairman & CEO, Oil and Natural Gas Corporation Ltd, Ken West, President & CEO, Honeywell Energy and Sustainability Solutions, Naser Al Yafei, SVP, Strategy, Sustainability & Transformation, ADNOC Gas, and Matthew Babin, Head of Energy & Natural Resources, Palantir Technologies. 

The panel touched on the growing need for electricity - often and increasingly generated by natural gas plants - to power data centers and fuel the AI revolution. This is expected to drive a surge in natural gas demand. 

Some panellists noted that natural gas is the most cost efficient energy source capable of delivering the round-the-clock, reliable power required by tech giants. Others said AI itself could chalk sustainable future pathways predicated on renewables. 

It better be, for according to the International Energy Agency (IEA), global power demand from data centers could skyrocket to over 1,000 TWh by 2026 – double the levels seen in 2022. 

It is a subject area yours truly rounded up the first day of Gastech 2024 with a BBC Business Today interview with Sally Bundock. We talked about the complexities and opportunities of using natural gas to power the AI revolution which seems to be the most plausible near-term solution. 

Day II - Wednesday - brought further profound discussions on the energy transition and learning to do more (in terms of throughput) with less (energy). It is something the engineering, procurement and construction (EPC) segment is taking pretty seriously. 

The Oilholic touched on the subject in a fireside chat with Chris Ashton, CEO of Worley, who discussed how contractors manage these variables in today’s operational landscape and are having to contend with a high interest rate and inflation climate in a very competitive industry. 

Ashton also offered perspectives on how AI, new technologies and innovative approaches are revolutionizing energy networks, power grids and gas infrastructure, and how these advancements contribute to the efficient and cost-effective completion of projects to accelerate the path toward net zero. 

That's all for now folks. There's plenty more to come from yours truly from Gastech. So keep reading, keep it here, keep it 'crude'! 

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© Gaurav Sharma 2024. Photo I: Houston's George R. Brown Convention Center, the venue of Gastech 2024. Photo II: Gaurav Sharma holds a fireside chat with Hardeep Singh Puri, Minister of Petroleum and Natural Gas, India on 17.09.24. Photo III: Gastech 2024 exhibition floor. Photo IV: Gaurav Sharma on BBC World Business Today on 17.09.24 at 11:46 CDT. (Courtesy: BBC) Photo V: Gaurav Sharma holds a fireside chat with Chris Ashton, CEO of Worley on 18.09.24.

Tuesday, September 17, 2024

Gastech 2024 sessions to be hosted by yours truly

The Oilholic is delighted to be back in Houston, Texas, US for Gastech 2024, one of the world's largest energy industry fixtures, being held here from September 17 to 20. Yours truly will be holding three panel sessions and two fireside chats at the event with Hardeep Singh Puri, India's Honorable Minister of Petroleum and Natural Gas, and Chris Ashton, Chief Executive Officer of Worley. 

The three panels will include distinguished industry thought leaders. Please do join if you can for some fantastic and insightful industry dialogues. Here are the details of the sessions:

Tuesday, September 17, 2024 @ 12:45 pm CDT

IEW2025: Energy transformation through innovation and investment

With His Excellency Hardeep Singh Puri, Honorable Minister of Petroleum and Natural Gas, India

(Click image to enlarge for details)

Tuesday, September 17, 2024 @ 4:50 pm CDT

Harnessing the advantages of natural gas to fuel the Artificial Intelligence revolution

With:
- Rebekah Eggers, Global Client Engagement & Innovation Director, Energy & Resources Sector, IBM
- Arun Kumar Singh, Chairman & CEO, Oil and Natural Gas Corporation Ltd
- Ken West, President & CEO, Honeywell Energy and Sustainability Solutions 
- Naser Al Yafei, SVP - Strategy, Sustainability & Transformation, ADNOC Gas
- Matthew Babin, Head of Energy & Natural Resources, Palantir Technologies


(Click image to enlarge for details)

September 18, 2024 @ 10:40 am CDT

Delivering projects in a challenging operating and cost environment

Executive leadership fireside chat with Chris Ashton, CEO, Worley


(Click image to enlarge for details)

September 19, 2024 @ 10:45 am CDT

Decarbonizing heavy transportation: Collaborations to address the acceleration of climate technology solutions from development to deployment

With:
- Sukhmal Jain, Director (Marketing) & Board Member, Bharat Petroleum Corporation Limited
- Yoki Firnandi, CEO, PT Pertamina International Shipping
- Meg Gentle, Executive Director, HIF Global
- Mark S. Brownstein, SVP, Environmental Defense Fund

(Click image to enlarge for details)

September 19, 2024 @ 2 pm CDT

Fostering greater climate technology innovation, deployment, and scale across the value chain

With:
- Mahdi Aladel, CEO of Aramco Ventures
- Paula Gant, President & CEO, GTI Energy
- Vikas Dhole, GM of Project Management, AspenTech


(Click image to enlarge for details)

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

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© Gaurav Sharma 2024. Photo © Gastech / dmgevents 2024. 

Wednesday, October 09, 2019

Turkey Energy Summit and Eastern Med tussles

The Oilholic is about to complete a quick visit for a speaking engagement at the 10th Turkey Energy Summit in Altalya on the sunny shores of the Mediterranean, off the coast of which is brewing an almighty tussle for natural gas riches. 

For Eastern Mediterranean offshore prospection could potentially provide a pathway to over 70 trillion cubic feet (tcf) of natural gas. 

With great resource riches often come great geopolitical tensions. Cyprus has awarded drilling licences to its preferred partners, but Turkey which invaded the island in 1974 following a Greek-inspired coup and created a Northern Turkish Cypriot enclave in its wake, won't have any of it. 

Its response has been to send drilling ships of its own to howls from the EU and US, and of course Cyprus. But Turkey's Energy Minister Fatih Donmez told the summit in his keynote speech that Ankara won't be backing down, and more has emerged on the Turkish stance since. Here's yours truly's full report for Forbes

All the more fitting it was then that this blogger moderated two panels at the summit on 7 and 8 October, touching on geopolitics and its impact on energy and commodities market, and LNG market permutations. 

It was a pleasure and privilege to have conducted them and having partaken in some exciting and engaging industry dialogues. 

Alas, it is now time for the flight home, but before one takes your leave, here's a glimpse of Antalya's amazing coastline. That's all for the moment folks! Keep reading, keep it 'crude'!

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© Gaurav Sharma 2019. Photo 1: Gaurav Sharma (left), moderates the geopolitics session at the 10th Turkey Energy Summit in Antalya, Oct 7, 2019 © Turkey Energy Summit. Photo 2: Coastline of Belek, Antalya © Gaurav Sharma, October 2019. 

Friday, September 20, 2019

Enhanced gas recovery & the good folks at DGOC


The Oilholic just got back from a quick turnaround research trip to the US Appalachian Basin covering the hydrocarbon rich prospection patch between Morgantown, West Virginia and Pittsburgh, Pennsylvania.

The latter being that promised American departure point yours truly told you about in 2016, where even the airport authority is privy to the proceeds natural gas

Having spent the last six months being convinced by academics and policy wonks that the Appalachian Basin is in trouble given oversupply, pipeline capacity issues, and the prospect of sub-$2/MMBtu Henry Hub prices, it was a breath of fresh air listening to the good folks at Diversified Gas and Oil Plc (LON:DGOC).


The company is currently listed on AIM, has formally announced its intention to move to London's main market and says that business is good. DGOC's simple, effective modus operandi is going after mature long life conventional wells in the region, often neglected by exploration and production firms obsessed with unconventional shale exploration.

The company's CEO Rusty Hutson (fifth from left), COO Brad Gray (second from left) and their team on the ground in Pennsylvania took this blogger around their patch explaining their methods, which include deploying a surprisingly low amount of contractors on site, entrusting employees to chart cost effective, efficient and resource maximising pathways, and of course some prudent management.

Hutson and Gray are also pretty acquisitive almost, always fishing around for primarily natural gas assets they can buy, often at low cost, to turn them around. To give the readers a flavour, recent sellers to DGOC have included the likes of EQT, CNX and Anadarko.

By drilling few wells, and mainly operating and maximising already onstream wells totalling over 60,000, team DGOC believe they can make a decent margin even at $2/MMbtu Henry Hub prices with smart strategic hedging, including hedges stretching 10 years out in the case of some instruments they have deployed.

If enhanced hydrocarbon recovery will bring about a new output wave stateside as many market commentators think, DGOC's contribution is over 92,000 barrels of oil equivalent per day (boepd) to that pool and rising.

You can expect more of the same, and more, Hutson assures the Oilholic. More observations from the trip to follow for publishing outlets but that's all for the moment folks! Keep reading, keep it 'crude'!

Addendum I - 27.09.19: Thoughts via Rigzone - 'Smart' Appalachian Operators Can Handle Sub $2 Natural Gas. Click here.

Addendum II - 07.10.19: Thoughts via Forbes - Enhanced Recovery Maverick: Meet West Virginia Oilman Taking Resource Maximization To New Heights. Click here.

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© Gaurav Sharma 2019. Photo I: Morgantown, West Verginia, US from the air. © Gaurav Sharma, September 2019. Photo II & III: Gaurav Sharma onsite with DGOC personnel in Pennsylvania, US © Ben Romney, September 2019.