Monday, October 02, 2023
ADIPEC Day I: "Decarbonising. Faster. Together"
ADIPEC panel sessions to be hosted by yours truly
The Oilholic will be moderating and speaking on the following panel sessions at ADIPEC 2023. Join if you can for some fantastic industry dialogues with great subject matter experts.
October 3, 2023: Decarbonisation Strategic Conference
Tuesday, October 3, 2023 @11:45am UAE
Carbon tax vs. subsidies: What is the best regulatory method to accelerate emissions reduction?
(Click image to enlarge for details)
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October 2-4, 2023: Digitalisation in Energy Innovation Sessions
The twin transition: policy alignment between the green and digital agendas
Panel:
Andrei Covatariu, Co-Chair, Task Force on “Digitalization in Energy”, Vice-Chair of the Group of Experts on Energy Efficiency, United Nations Economic Commission for Europe
Allyson Anderson Book, Chief Sustainability Officer, Baker Hughes
Leonid Zhukov, VP of Data Science, BCG-X and Director of BCG Global AI Institute, BCG
Gaurav Sharma, Energy Market Analyst & Senior Contributor, Forbes
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Tuesday, October 3, 2023 @14:00pm UAE
EV charging: driving new energy business models powered by data insights
Monday, September 18, 2023
Oil in the $90s, Reimagining BP without Looney & more
Should we therefore conclude that a return of $100 oil prices is imminent for the first time since July 2022 despite a high interest rate climate, tepid economic activity in China and wider consumer anxiety? The short answer is - yes (barring an unforeseen macroeconomic upheaval), and particularly so, for global proxy benchmark Brent.
In fact, the question right now shouldn't be whether oil will get to $100 levels, but rather whether it would stay there? Of that, one is not too sure. Current price levels of futures contracts six month out point to a different story, and different a demand (and supply) dynamic for Q2 2024. Here are the Oilholic's thoughts on market direction via Forbes.
Away from the direction of the oil price, the market for blue chip energy stocks got a shock after BP's social media loving CEO Bernard Looney suddenly resigned late on Sept 12 over his failure to fully disclose details of "past relationships" with colleagues! What might follow next for BP could be pivotal - will it continue down the path set by Looney or mark a return in focus to core oil and gas operations? (More here.)
Finally, this blogger also found the chance for two exclusive Forbes interviews earlier this month with Jim Johnson, CEO of engineering group Hunting Plc, and Christopher Hudson, President of dmg events. Click on the hyperlinks above should you wish to read these. But that’s all for now, for the moment folks! Keep reading, keep it crude!
Thursday, August 31, 2023
Crude oil stuck in the $80s, Europe's LNG woes & more
Away from crude prices, here are some thoughts on the Europe's LNG woes, the jet fuel market and the rapidly dwindling 'war windfall' of oil and gas majors. Away from musings on Forbes, the Oilholic is busy getting back on the speaking circuit, resuming dialogues with energy industry movers and shakers for market insights, offering analysis on international broadcasts, and more. All in all - it's been a hectic four weeks. But fear not, blogging here will also pick up pace shortly. Just getting a few things on track for the exciting road ahead. That's all for now folks! More soon! Keep reading, keep it 'crude'!
Monday, July 31, 2023
On Guyana & other 'crude' musings
On a related note, while for much of OPEC+ the recent uptick in crude prices may come as a relief, for one new non-OPEC kid on the crude exploration block it has the makings of a spectacular boost in fortunes - Guyana. Here are the Oilholic's thoughts via Forbes on this micro-state in Latin America, with a population of less than a million people, and its full-blown oil boom.
Guyana's headline crude production which came in at less than 100,000 barrels per day (bpd) as recently as 2020 has grown nearly four-fold to just shy of 383,000 bpd in 2023, and is still growing, according to the country's Ministry of Natural Resources. That said all the market chatter of it either joining or being asked to join OPEC is a load of nonsense that been denied by the oil producers' organization itself.
Elsewhere in the Oilholic's world, yours truly offered his perspective market perspectives on CGTN and Asharq Business News following the conclusion of the OPEC International Seminar earlier this month, and noted OMV's potential recoverable natural gas find of approximately 48 TWh, or 28 million barrels of oil equivalent. This discovery carries the potential to alter the natural gas market in Central Europe, and is Austria's largest gas discovery in the last 40 years. So watch this space! That's all for the moment folks! Keep reading, keep it 'crude'!