Holt Energy Advisors’ Post

Biting the hand that fed you? It’s an energy transition, not energy cessation. Which means oil and gas may reduce its dominance while cleaner energy solutions become increasingly more viable to meet current and future energy demands. But, oil and gas will continue to be part of the energy portfolio, hedging against other energy sources during the troughs, taking a backseat when they peak and thrive. So yes, a gradually diminishing presence in years to come but turning off future taps will only dampen or even sabotage, not better the efforts to meet the energy demands of the future. You can turn down taps to only drips, but you can’t turn up non-existing taps in times of need when existing taps run dry.

Upstream oil and gas is the main segment of the UK offshore energy industry likely to be impacted by uncertainty of a general election, top dealmakers have said. Rhetoric around the energy sector is expected to ramp up amid the fight for Number 10, mooted to start in the second half of 2024, with Labour and the Conservative parties using the sector as platforms to win votes. Amid a backdrop of Aberdeen job cuts and reduced investment in the sector, last year saw politicking around key issues including the windfall tax, the approval of major oilfields, and whether further North Sea licences should be issued. However there is a differentiator for offshore renewables, where momentum is expected to continue regardless of a potential change in government. #energyindustry #energynews #upstream #oilgas #renewableenergy Read more 👇

"Democrats are calling for the elimination of tens of billions of dollars in “unfair oil and gas subsidies,” in a reversal from the party’s 2020 energy policy likely to be strongly opposed by fossil fuel companies." #oilandgas #oilandgascompanies #oilandgasindustry #natrualgas #petroleum #naturalgasindustry #petroleumindustry

https://lnkd.in/dgnT7nqg Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.

Curious to know how Scotland will vote on oil and gas policies? Check out this insightful article from BBC.com for a detailed analysis. It's a hot topic in the current political landscape, and this article sheds light on the potential impact. #Scotland #OilandGas #EnergyPolicy https://ift.tt/98nIwtR

A very measured response from OEUK on what was “a difficult day for the [#oilandgas] sector.” I am personally gratified that the #EnergySecurity Investment Mechanism (ESIM) I helped secure remains in place but the floor price is still too low. Will be interesting to see what comes of the Govt consultation in early 2025 on “how the oil and gas tax regime can encourage investment and respond to changes in the oil price” 🤔 https://lnkd.in/ewM4Ad6Z

A new report by BMI, a unit of Fitch Solutions, explores two potential paths for the U.S. oil & gas market depending on the outcome of the 2024 elections. Will a Trump presidency spark more drilling and reduce environmental regulations? Or will a Harris win accelerate the energy transition with a focus on renewables? 🌍⚡️ Read on how these policy shifts could impact production, taxes, and business sentiment. 👇 https://lnkd.in/ghy-QkDi #OilandGas #2024Elections #EnergyTransition #Trump #Harris #Rigzone #USOil #FitchReport #EnergyFuture #Hydrocarbons #GreenEnergy #EVs #OilProduction

If passed, the #NaturalGasaxRepealAct act would repeal the recently implemented tax on #methane #emissions, a move that the Energy Workforce & Technology Council believes is crucial for the future of the #energy industry. Read more: https://ow.ly/bL2J50S6iJh #naturalgas

🔍 The UK's latest windfall tax hike on oil and gas: a challenging turn or a potential boost for North Sea jobs and investments? Delve into the impacts and what this means for the industry. https://hubs.li/Q02LbdNg0 #UKOilGas #EnergySector

A new report by BMI, a unit of Fitch Solutions, explores two potential paths for the U.S. oil & gas market depending on the outcome of the 2024 elections. Will a Trump presidency spark more drilling and reduce environmental regulations? Or will a Harris win accelerate the energy transition with a focus on renewables? 🌍⚡️ Read on how these policy shifts could impact production, taxes, and business sentiment. 👇 https://lnkd.in/ghy-QkDi #OilandGas #2024Elections #EnergyTransition #Trump #Harris #Rigzone #USOil #FitchReport #EnergyFuture #Hydrocarbons #GreenEnergy #EVs #OilProduction