Reuters Events Energy Transition’s Post

The first #Energy Market Review of 2024 is now available! In this review, we delve more deeply into the factors affecting our three core energy markets; #upstream, #downstream and #liabilities, as well as discussing some of the key emerging risks, focussing on carbon capture and storage as one of the preeminent emerging transition technologies. This edition also includes a market view from our key geographical hubs of North America, Latin America, Dubai, Norway, Singapore and China. Read more: https://lnkd.in/emgkiedY #EnergySector #RiskManagement

The first #Energy Market Review of 2024 is now available! In this review, we delve more deeply into the factors affecting our three core energy markets; #upstream, #downstream and #liabilities, as well as discussing some of the key emerging risks, focussing on carbon capture and storage as one of the preeminent emerging transition technologies. This edition also includes a market view from our key geographical hubs of North America, Latin America, Dubai, Norway, Singapore and China. Read more: https://ow.ly/bcaw50Rm95F #EnergySector #RiskManagement

It has been a delight to compere my inaugural Energy Market Review this morning. Click below to download the full review which discusses the prevailing market conditions in our key Energy market segments of Upstream, Downstream and Liabilities as well as highlighting key emerging risks to consider.

According to #DNV’s Energy Industry Insights 2024 report, #energy professionals say that political uncertainty is the top threat for sector growth in 2024, which marks a record year for elections with over two billion people heading to the polls globally, including in the European Union. While the energy industry as a whole maintains a positive outlook, rising costs and supply chain disruptions are dampening short-term optimism for #electrification and #renewables. In Europe, optimism for growth has softened when compared to 2023, yet remains high. At the same time, the cost of energy transition is viewed as the biggest barrier to meeting Paris Agreement goals. You can download the report here: https://lnkd.in/eXnzP5CQ

The coming decade will likely be a defining one for the global energy system. A must read if you’re in the energy sector 📌.

Reflecting on #EuropeanCompetitiveness report by #MarioDraghi (pages 35-47), it's evident that energy will define Germany's competitive edge. Beyond just cost-cutting, the shift to renewables demands leveraging data analytics and forecasting tools. Energy procurement must be proactive, integrating real-time insights for optimal results. Companies must empower smart energy solutions that ensure they thrive by managing price volatility and adapting to regulatory shifts. It’s about aligning energy strategy with long-term business goals, not just securing prices. Proactive energy management is the key to leadership in today’s market. This sets EU for 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 & 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 #TokWise #SmartEnergy #EnergyForecasting #EnergyProcurement #DataDrivenEnergy #RenewableIntegration #Sustainability #DigitalEnergy #CleanTechLeadership

The global energy industry is navigating energy transition amidst political uncertainty, rising costs, supply chain disruptions and evolving climate policy and legal frameworks. Energy Industry Insights 2024 draws on the views of nearly 1,300 senior energy professional and in-depth interviews with industry leaders, from across, power, renewable, oil and gas and energy consuming industries. The key messages are: • The energy industry is cautiously optimistic, with significant differences among sectors in the short-term. • Political uncertainty is the top threat for sector growth in 2024, which marks a record year for elections. • Cost and insufficient climate policies are key barriers to rapid decarbonization. • The industry is set to increase investment in digitalization more than any other area of investment but is feeling more vulnerable than ever to cyber-attacks. #energytransition #energy #oilandgas #renewables

Energy professionals say that political uncertainty is the top threat for industry growth in 2024, which marks a record year for elections with over two billion people heading to the polls. * Rising costs and supply chain disruptions are threatening the viability of many projects, dampening short-term optimism for electrification and renewables. * The oil and gas sector, in contrast, is witnessing a resurgence in confidence, reflecting the industry's pivotal role in meeting global energy demand while navigating the transition to cleaner fuels. * We see a fall in optimism about organizational decarbonization targets with the majority of respondents (62%) believing that financial costs are the greatest barrier to reaching the goals of the Paris Agreement. We are optimistic that the energy transition can happen (with action) but we know that the scale of change required is massive. I just finished reading the latest industry insights report from DNV - Energy Systems and for me, the findings of the report exemplifies our need for consistent leadership, a clear vision and realistic pathway that industry can get behind. But until the political environment settles, until we have the clarity that every Energy news outlet seems to be screaming for, what can be done now to pick up the pace in the global energy transition? How do we authentically deliver a just transition? DNV's latest survey of nearly 1,300 senior energy professionals is available now. #energytransition #energy #oilandgas #renewables #justtransition #leadership #netzero

The energy transition resembles a marathon, yet it demands a mindset of sprints. We need to unlock the potential with Transmission and Distribution networks if we are to meet the growing energy needs. Look forward to connecting at #GET24 with industry peers and colleagues. Join us to accelerate this energy transition marathon. #segreatpeople #digital #grids #digital #netzero #enegytransition

📌 LAST CHANCE 📌 Interactive Webcast: Investment Trends Shaping the Energy Transition (Jan 18, 2024 / 11:00am EST) https://lnkd.in/ervx_JKc The energy transition represents both the greatest economic opportunity and the biggest single disruption for the global economy. With national pledges to treble renewable generation capacity and trillions of dollars of investment needed to be mobilized this decade, today’s energy companies must confront major strategic decisions in the coming years. Reuters Events Webinar: Investment Trends Shaping the Energy Transition will delve deep into: 🔍 How energy transition investment trends are evolving and how you can adapt your business model to take advantage. 🔍 What regions energy companies are seeing the best ROI for specific technologies to tailor your investment plan within disparate global geographies. 🔍 How key drivers are shaping today’s energy transition strategies to align your strategy with industry consensus. Can't make it? Don't worry! Sign up now to access the on-demand recording after the session: https://lnkd.in/ervx_JKc #energytransition #greeninvestment #netzero #solar #windenergy #cleanenergy #cleantech