Wood Mackenzie’s Post

In a recent panel discussion hosted by the Guyana Business Journal & Magazine and the Greater Houston Partnership at the Offshore Technology Conference (OTC) 2024, John Cypher, Vice President of International Investment and Trade, Greater Houston Partnership, a key speaker at the event, shared insightful perspectives on the economic impact of large-scale investments in the oil and gas sector, particularly those made by companies like ExxonMobil. The discussion highlighted the significant influence these investments have on the local economies of Houston and Georgetown and the global economic landscape. Cypher emphasized the proficiency of Houston-based companies in servicing major international players in the oil and gas industry, which has established Houston as a pivotal hub of investment and economic activity. With 700 companies actively involved, Houston’s economic fabric is increasingly intertwined with global energy dynamics, fostering a robust environment for further investment and growth. The conversation also tackled the pressing issue of workforce challenges, a concern shared by economies worldwide, including Guyana. Cypher pointed out Houston’s strategic advantage in this area, given its rich educational infrastructure, which includes three major colleges and numerous other institutions capable of training the much-needed workforce for the evolving energy sector. Furthermore, Cypher underscored the necessity for Houston to embrace the ongoing energy transition to maintain its status as a leader in the energy sector. He noted that traditional oil and gas operations have achieved remarkable efficiency, allowing more production with significantly less equipment and manpower. This shift necessitates a strategic pivot to new energy practices to secure long-term sustainability and a competitive edge in the global market. The panel illuminated the dual themes of opportunity and adaptation facing regions like Houston that are facing large-scale economic developments in the energy sector. The event also underscored the critical role of strategic partnerships and workforce development in ensuring local and global communities' economic and environmental sustainability. #OTC2024 #EnergySector #EconomicDevelopment #OilAndGasIndustry #WorkforceDevelopment #GlobalEconomy #SustainableEnergy #EnergyTransition #InvestmentOpportunities #HoustonEconomy

🚨 Hot Off the Press! 🚨 CNOOC Ltd. is setting its sights on a game-changing development in the South China Sea, eyeing a TLP-FPSO combo to tap into a newly discovered offshore reserve. This bold move signifies CNOOC Ltd.'s ambition to leverage innovative technology and strategic partnerships to unlock the potential of the region's untapped resources. 🌊🛢️ With plans for a TLP-FPSO combo, CNOOC Ltd. aims to optimize production efficiency and maximize recovery rates, positioning itself as a key player in the global energy market. This endeavor underscores the company's commitment to sustainable energy development and its role in driving economic growth in the region. 💼💡 Stay tuned for further updates as CNOOC Ltd. advances its plans to harness the newfound offshore discovery in the South China Sea. For more in-depth insights into this groundbreaking development, explore the full article using the link below. Don't miss out on this exclusive scoop! 📰🔍 #Exclusive #CNOOCLtd #SouthChinaSea #OffshoreDiscovery #EnergyDevelopment #Innovation #EconomicGrowth #OilAndGas #Exploration #TechnologyIntegration https://lnkd.in/eGCaQUUm

Many of you will have seen the announcements of the appointment of the inaugural board of directors of the new Foundation for Energy Security and Innovation (FESI). It is a historic moment, but just the beginning. As David M. Hart urges in this article, FESI must set and execute an ambitious strategy. At this moment in time we cannot afford to do anything less! Our country has a robust ecosystem of effective local and regional climate tech accelerators and incubators that are massively underfunded, and the potential for an emerging ecosystem of programs to promote technologies developed and deployed by and for frontline communities. It is my hope that FESI will play a leadership role in catalyzing an influx of funding for these programs in the coming years. What are your thoughts about programs FESI should prioritize? https://lnkd.in/g5FK2uqM

The energy transition is far from simple. 🚀 We need a sustainable but also secure and affordable energy supply. ❓ But HOW? The BRU21 research and innovation program creates value for the offshore energy industry, leveraging the Norwegian University of Science and Technology (NTNU)'s expertise in digital and petroleum domains alongside insights and data from our industrial partners.   Last week, our colleague, VP Parter-operated assets and Quality management, Thomas Lerdahl, attended the 3rd BRU21 conference, where they discussed the following challenges: ◾ The complexity of new energy systems ◾ Environmental uncertainties ◾ Market volatility Here, digital and automation technologies play a central role.   ❓ What is the benefit for OKEA? One of our key initiatives already in motion is the "Power from shore" project at Draugen, and we are exploring opportunities for offshore wind integration. To succeed in these ventures, we must evaluate increasingly complex business cases. Collaboration with academic institutions such as NTNU is critical. ➡ Our objective is clear: can we execute these projects with reasonable certainty and profitability?   Stay tuned for more updates on this exciting collaboration! #Operationalexcellence

AIX Energy in Transition – RSA House – 25 to 26 April Youssouf Camara at Actis; Pierre-Louis Christiane at Sirona Technologies; Charles Haworth at CWP Global; and Dr Charlotte Kirk at Fortescue are joining the "Renewable power to X" panel discussion chaired by George Cazenove at Globeleq. The talking points are listed on p.6 of the agenda https://lnkd.in/ewAyzhA2 About the African Investment Exchange (AIX) meeting - We are focused on producing meetings that establish an enduring dialogue for energy industry professionals, with the aim of stimulating business engagement and long-term partnerships. - The established AIX format has been running since 2013, and is known for its robust debate and knowledge-led approach. - Panel discussions under the Chatham House Rule address key market opportunities and examine how to break down barriers to investment. - AIX is organised by African Energy, a consultancy that has been involved at the heart of the debate surrounding the development of the energy sector in Africa for more than 25 years. Actis CWP Global Fortescue Globeleq Sirona Technologies #africa #investment #exchange #greenhydrogen #renewableenergy #directaircapture #PtX #technologiies

MAS S.A. joining the general assembly of FLEXnCONFU European Project! 🚀 United to innovation, the 21 partners of the consortium across Europe are diligently refining Power to X (P2X) solutions, poised to unlock the potential for a secure, #renewable-driven energy landscape in the years to come. During the general assembly meeting, project progress underwent thorough evaluation, as partners convened to brainstorm solutions to diverse challenges. A comprehensive roadmap emerged, ensuring a smooth path forward for the implementation of #PowerToHydrogenToPower and #PowerToAmoniaToPower demo sites in Portugal 📌 and Italy 📌. 💡 FLEXnCONFU Horizon 2020 (FLEXibilize combined cycle power plant through Power-to-X solutions using non-CONventional Fuels) is a European innovative project aiming to develop power generation with non-conventional fuels #hydrogen and #ammonia. https://lnkd.in/dtcXFtJ ⚡ MAS S.A. is a proud partner of the #RandD project, developing & implementing the optimum #ControlSystems and #SupervisorySolutions for both Università degli Studi di Genova demo site in Italy and EDP power plant in Portugal. #maseurope #innovativetechnology #innovativesolutions #researchanddevelopment #controlsystem

Today, we unveil the latest panel from the 85th EAGE Annual strategic programme: "Future-Proofing Energy: Empowering Diverse Talent in a Tech-Driven World". As technology transforms the energy sector, having a diverse and adaptable workforce is more crucial than ever. This panel will explore how diverse perspectives in geosciences and engineering drive innovation and enhance sustainability and resilience. You can expect insightful discussions on the impact of diversity on innovation, enhancing sector sustainability, and engaging interactive sessions with live polling. Moderated by Anna Lim from Argeo, the panel will include Catherine Javaux, VP of R&D Upstream at TotalEnergies, Catherine Truffert CEO of IRIS instruments, Jaswinder Mann, Director of Scandinavia at Earth Data, CGG, Susanne Rentsch, Head of Geoscience at Shearwater and Ute Mann, Head of the Geoscience and Petroleum Department at NTNU. Have you checked the Annual conference agenda yet? There’s still time to register and explore the various registration options available. Join us in shaping a sustainable and innovative energy future ➡ https://bit.ly/49INTPJ #EAGEAnnual2024

The recent exploration successes related to Geologic Hydrogen (and also Helium) in Australia, by Gold Hydrogen, are proving that subsurface occurrences and accumulations of Hydrogen do exist in commercial quantities, and that these represent a clean energy resource available underground awaiting to be developed. Neil McDonald #geologichydrogen #hydrogen #energy #naturalhydrogen https://lnkd.in/dE2rZwP4

See this timely workshop on net-zero! There are interesting topics and discussions Register on SEG link below Registration is free and workshop is virtual! Looking forwards for a good discussion!

Rawabi Holding Group flagship integrated energy solutions provider Rawabi Energy is shortlisted for the deal of the year by Westwood Global Energy Group and The Offshore Support Journal Community. The nomination is in recognition of the landmark #syndicated loan facility closed in July 2023. The USD 2 billion multi-tranche, dual-currency islamic/conventional, term and revolving faciltiy was oversubscribed and achieved 1.33x coverage. The main purpose of the transaction is to supercharge the growth of Rawabi Vallianz Offshore Services #osv #fleet and cement our leadership position in the global landscape. Ahmed Alqadeeb, the Manging Director signed the the agreement with our local and regional banking partners last year. #hsbc #sab #snb #rb #baj #rajhi #fab #gib #inma #S&S #linklaters #syndication #loans #bonds #sukuk #rawabiholding #rawabi #ksa2030 #saudiarabia #gcc #mena #smartvessel #hybrid #integrity #theHub #NIDLP #vision2030 #logistics #osv #maritime #national_champion #lcm #creditRating #saA #BondsLoans #BL&S #gcc #energy #green #carbonoffsets #carboncapture #fleet #logistics #fleetmanagement #smartvessel #smartship