Energy Oracles: US LNG export freeze draws energy battle lines
Wednesday, February 14, 2024 11:18 PM
A pause on US LNG export approvals suggests gas will be ultimate political football ahead of the US elections. Petroleum Economist’s Editor-in-chief Paul Hickin and Seth Haskell a research analyst at Global Energy Infrastructure discuss the significant projects at risk from the move, how LNG fits into the energy trilemma debate for the US and who could be potential winners and losers.
Energy Oracles: Strategist Vakhshouri says transition mustn’t undervalue energy as a human right
Thursday, January 25, 2024 11:35 AM
COP28 was a ‘pragmatic’ step in the right direction as energy sustainability must work in tandem with security and even more importantly affordability, says Sara Vakhshouri, founder and president of SVB Energy International. In a conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Vakhshouri argues the solution to the trilemma relies on diversity of supply, allowing individual countries to follow their own transition path and ensuring decarbonization doesn’t come at the expense of other equally important energy imperatives.
Wood PLC—Engineering Contractor’s Perspective on Digital Twins
Monday, December 11, 2023 11:59 AM
With 35,000 professionals, across 60 countries, UK based Wood plc are one of the world’s leading consulting and engineering companies operating across Energy and Materials markets. Whilst ranked in top three engineering firms in Oil & Gas, Refining & Petrochemicals, 22% of their $5.5 billion revenues are now generated from sustainable solutions. In this episode of the Hexagon Digital Twin podcast series, we will be examining with Wood plc’s Mark Littleford, Engineering Systems and Information Management Department Manager, how they address the challenge of meeting the demands for digital twins from clients, the benefits that can be derived during the project phase, the role of standards and other aspects of how digital twins impact engineering contractors.
Modular compression solutions to scale up CCUS
Thursday, November 23, 2023 2:28 PM
The deployment of CCS and CCUS globally is accelerating as it now widely acknowledged as one of the key technologies for achieving net-zero and the limiting of global warming to 1.5 degrees. Crucial to the performance of all carbon capture systems as the industry scales up is CO2 compression. Carbon Economist is delighted to host this exclusive podcast with MAN Energy Solutions to explore its unique range of technologies in this key area. With its unrivalled expertise and skills, MAN Energy Solutions offers modularised compression solutions for every capture technology, based on years of experience in the compression of dry and wet CO2 and over a million hours of operation in CCUS applications. The modules are engineered to reduce delivery and installation times, with their integrally geared technology delivering optimum performance in terms of both Opex and Capex.
Energy Oracles: Saxo’s Hansen sees potential oil market floor and ceiling
Wednesday, November 8, 2023 11:30 AM
With OPEC+ prepared to defend $75–80/bl and buyers adjusting to elevated prices, the oil market may have found a new Goldilocks price—one that is neither too hot nor too cold for producers and consumers alike. Ole Hansen, head of commodity research at Saxo Bank, tells Paul Hickin, editor-in-chief at Petroleum Economist, that while geopolitical risks could cause the market to spike, economic fundamentals and dormant supply are likely to keep prices capped in 2024.
Energy Oracles: S&P’s Ernsberger on the oil market’s new directions
Tuesday, September 26, 2023 9:32 AM
Epic changes in the oil market have created unexpected crude and product flows, says Dave Ernsberger, head of market reporting and trading solutions at S&P Global Commodity Insights. In a conversation with Petroleum Economist’s Editor-in-chief, Paul Hickin, at APPEC in Singapore, Ernsberger highlights both the dislocations and adaptability, and explains the relationship between the physical and financial oil markets given the debate over the potential for a disconnect between them.
Harbour Energy – Implementation of digital twins to support operations and collaborative sustaining engineering
Wednesday, August 30, 2023 2:29 PM
Harbour Energy is the largest independent oil and gas company operating on the UKCS and has interests in Indonesia, Vietnam, Mexico and Norway. The company has grown through mergers and acquisition of assets from other operators resulting in a diverse portfolio of engineering systems with variable information quality. In 2021, an initiative was launched to establish a digital twin solution covering their UK operated assets to enable value creation through the use of shared and collaborative platform for engineering, operational, and project data. In this episode of the Hexagon Digital Twin podcast series, we will be examining with Harbour Energy’s James Sitter, VP for Modifications and Project Services, and James Buchan, Technical Data Team Lead, the background for their digital twin initiative, what has been achieved to date and how the platform will now be actively used to ensure collaborative execution of sustaining engineering projects across the value chain and the business benefits expected. Plans to move beyond the digital twin towards achieving autonomy through a Smart Digital Reality will also be explored.
Energy Oracles: IEF’s McMonigle on oil’s investment crunch and the consumer-producer sweet spot
Monday, August 21, 2023 10:44 AM
A lack of investment in oil and gas is a “serious problem” and the dangers and evidence are starting to build in recent years, warns the International Energy Forum’s Secretary General Joe McMonigle in a conversation with Petroleum Economist’s Editor-in-chief, Paul Hickin. The IEF stands in the eye of the storm bringing together key oil producers, consumers and policy makers in a bid for “progress over perfection” on the dual and interlinked challenge of the energy crisis and the climate crisis.
Energy Oracles: Energy expert Al-Hajji debunks oil myths on OPEC, petrodollar, shale and demand
Friday, July 21, 2023 8:40 AM
Is bigger necessarily better for OPEC? Is the challenge to the petrodollar’s supremacy credible? Is shale’s boom really over? And have peak demand arguments peaked? Anas Al-Hajji, an energy consultant who runs Energy Outlook Advisers and Arabic-language energy media and research platform Attaqa doesn’t pull his punches in this conversation with Petroleum Economist’s editor-in-chief, Paul Hickin as he takes on some of the biggest oil industry tropes.
Digital Twins: Promoting Project Performance
Wednesday, June 28, 2023 10:08 AM
While most digital twin implementations today are focused on operations and maintenance use cases, digital twins are increasingly being deployed during the planning, design, and execution phases of the facility life cycle. In this podcast, we will discuss how the digital twin platform ensures the handover of a high-quality digital twin for operations purposes and provides benefits during the project phase. Listen to our conversation to:* Discover the value of incrementally building the digital twin from the conceptual design phase and adopting it as a platform for project collaboration across the stakeholder value chain.* Learn about the increased transparency and visibility the digital twin provides for project progress, including 4D and 5D reporting.* Explore how to leverage the digital twin to ensure operational readiness.
Energy Oracles: Opec watcher Croft on Saudi Arabia’s ‘whatever it takes’ strategy
Friday, June 23, 2023 9:09 AM
Was the Saudi Arabia 1 million b/d cut really a surprise? Or was the oil market just not paying close enough attention? Helima Croft, head of global commodity strategy at RBC Capital Markets, talks to with Petroleum Economist’s editor-in-chief Paul Hickin on why fears around the complicated Russia-Saudi Opec+ relationship are overdone, the consistent strategy by the Opec kingpin to create an oil price floor and why the Saudi lollipop is just as tasty as an Opec basement cookie.
Energy Oracles: IEA’s Birol on energy security and the case for an orderly transition
Friday, May 5, 2023 6:12 PM
How does the world resolve a climate crisis and an energy crisis at the same time? The International Energy Agency’s executive director, Fatih Birol, discusses the energy trilemma in an exclusive interview with Petroleum Economist’s editor-in-chief, Paul Hickin [in which these two football fans also talk about the risk of the energy industry scoring an own goal].
Realizing the business value of Digital Twins
Tuesday, April 11, 2023 7:54 AM
PE Live Podcast presents a new series, "Digital Twins - the Gateway to Autonomous Industrial Facilities", in association with Hexagon. The first episode, "Realizing the business value of Digital Twins", is hosted by Karolin Schaps, a regular contributor to Petroleum Economist, in conversation with Adrian Park, Vice President Pre-Sales - EMIA, Hexagon, and Hans Kouwer, Director Industry Consulting – EMIA, Hexagon.
Energy Oracles: Goldman's Currie on oil, banking crises and supercycles
Wednesday, March 29, 2023 10:14 AM
Can commodity supercycles and recessions co-exist? Will the banking crisis have a bigger impact on demand or supply for oil? And what next for China, Russia, the US and OPEC? Goldman Sachs’ head of commodity research Jeff Currie discusses these questions and more in an exclusive interview with Petroleum Economist’s editor-in-chief Paul Hickin.
Why is US LNG and its role in delivering LNG to the world so important?
Tuesday, November 15, 2022 10:10 AM
PE Live Podcast presents a new exclusive episode in association with King & Spalding. The Russian invasion of Ukraine has fundamentally changed the LNG market. This podcast focuses on why and how US exports in a radically altered LNG market and what’s changing in the current market dynamics.
The importance of choosing the right strategic cybersecurity program for the critical infrastructure
Thursday, October 27, 2022 1:59 PM
PE Live Podcasts presents a three-part series: "Operational Technology (OT) cybersecurity – the vital next step in digitalisation" in association with Hexagon. This episode "The importance of choosing the right strategic cybersecurity program for the critical infrastructure" is hosted by Karolin Schaps, a regular contributor to Petroleum Economist, in conversation with Owen Rooney, Vice President of Sales, Hexagon Asset Lifecycle Intelligence, and Syed M. Belal, Director - OT Cybersecurity Consulting Services, Hexagon.
Asset Inventory: The foundational element in OT/ICS cybersecurity
Friday, September 23, 2022 8:14 AM
PE Live Podcasts presents a three-part series: "Operational Technology (OT) cybersecurity – the vital next step in digitalisation" in association with Hexagon.This episode is part two of the series: "Asset Inventory: The foundational element in OT/ICS cybersecurity" is hosted by Karolin Schaps, a regular contributor to Petroleum Economist, in conversation with Edgardo Moreno, executive industry consultant at Hexagon.
Reducing the risks of the operational technology assets that matter most
Thursday, June 30, 2022 11:17 AM
PE Live Podcasts presents a new series: "Operational Technology (OT) Cybersecurity – the vital next step in digitalisation" in association with Hexagon. This episode is the first in the series: "Reducing the risks of the operational technology assets that matter most" is hosted by Ian Simm, a regular contributor to Petroleum Economist, in conversation with Rida El Hajj, Vice President Sales and Syed M. Belal, Director OT Cybersecurity Consulting Services, who both join us from Hexagon’s Asset Lifecycle Intelligence division.