IHS Markit Energy: Recent Episodes
IHS Markit
Exclusive energy insights & analysis. Engage with our experts as we explore the complex environment that shapes global energy markets. Follow our two podcast series- Upstream in Perspective, which focuses on trends within the upstream industry- and EnergyCents, which features our experts discussing the intersection of the financial and energy industries.
Power-hungry datacenters require access to reliable electricity to meet the increasingly digital needs of modern society. As society processes more data, more datacenters are being built, and more electricity is needed. Dan Thompson and Adam Wilson join EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the impact of datacenters on the US power market, and how grid operators are responding to calls for load growth after more than a decade of flat demand.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
China drove global energy markets throughout the early 2000s thanks to demand growth from its large population and manufacturing industries. Many are watching to see if India will have a similar impact on energy markets in the coming years. Rashika Gupta and Karim Fawaz join EnergyCents with hosts Hill Vaden and Sam Humphreys to compare China and India’s energy-demand profiles and explain why we should not expect India to impact global energy markets in the coming decades the same way China did in the past.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
The global refining sector is approaching the end of its Golden Age as motor-fuel demand wanes in the developed world and large new-build projects in Nigeria and Mexico threaten Atlantic Basin margins. Hedi Grati joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss a global refining industry in flux and how the sector will adapt to changes in demand, feedstocks, and competition. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Americans love pick-up trucks, and the original equipment manufacturers (OEMs) that make them rely on their relatively high profit margins to fuel earnings. Darragh Punch joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss North America’s love affair with pick-up trucks and why electrifying them could be so important to mass EV adoption in the United States.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Singapore, which relies on natural gas to fire nearly all of its power generation, has plans to increase to about 30% the share of renewables in its electricity mix by 2035. The island city-state lacks available landmass for large-scale solar and wind installations and intends to rely on neighboring countries to generate renewable power and export it to Singapore via undersea cables. Vince Heo and Hui Min Foong join EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss Singapore’s Low-Carbon Import Project and consider some of the plan’s technical, commercial, and political challenges.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
This week on EnergyCents, emissions expert Deb Ryan joins Hill Vaden and Sam Humphreys to talk about the implications of emissions mitigation across the business landscape, from investment in decarbonization technology and what projects are on the horizon.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Geologic and political borders are not always the same. Can Guyana’s success as an oil province extend to next-door Suriname? Siddhartha Sen and Isaac Nuti join EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss offshore exploration activity in Suriname, and consider which projects may have the highest likelihood of extending Guyana’s commercial success.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Led most recently by Guyana, and Brazil before it, Latin America has been a remarkable success story for global oil exploration over the last 25 years. Flavio Fernandez and Jaka Hardiwinangun join EnergyCents with hosts Hill Vaden and Sam Humphreys to review Latin American exploration activity in 2023, and highlight the region’s high impact wells to watch in 2024.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
As measured by discovered volumes, Africa finished one of its worst exploration years on record in 2023. However, two of the wells being drilled in December – both in Namibia – came in successful in January 2024 and signal an auspicious start to the new year. Justin Cochrane returns to EnergyCents with hosts Hill Vaden and Sam Humphreys to review African exploration activity in 2023, and highlight the continent’s high impact wells to watch in 2024.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Sales of electric vehicles continued to rise in the United States in 2023, though the rate of adoption has been slower than many planners envisioned. Devin Lindsay joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the status of EV adoption in the US after a bumpy 2023, and flag trends to watch in 2024 as automakers transition their fleets away from internal combustion engines.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Led by the Americas, supply growth from non-OPEC countries fully met the growth in global oil demand in 2023. This balance, along with wars in the Middle East and Ukraine, U.S. elections in November, and changing shipping patterns weigh on the minds of oil strategists in 2024. Aaron Brady and Ha Nguyen join EnergyCents with hosts Hill Vaden and Sam Humphreys to share their thoughts on the biggest events that will shape oil markets in 2024.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
At completion, Nigeria’s Dangote Petroleum Refinery will process 650,000 barrels per day and be the largest single-train facility in the world. The much-delayed refinery began accepting test deliveries recently as it moves closer to commercialization. Dan Evans joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the uniqueness of the massive Dangote project, and consider the post-commercialization implications for the Atlantic Basin and downstream markets more broadly.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Coal is widely considered a ‘dirty’ fossil fuel due to its high carbon intensity. The fuel is also relatively abundant and has enabled resilience within in an expanding, and transforming, energy sector. Dan Klein joins EnergyCents with hosts Hill Vaden and Sam Humphreys to review coal’s record-setting 2023, and consider outlooks for the fuel as energy planners embrace lower-carbon fuels and technologies.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
The United States emerged as the largest LNG exporter in the world in 2023, and begins 2024 with the White House delaying decision on a new export facility. This, and other uncertainties, promise an interesting year for global LNG trade. Michael Stoppard joins EnergyCents with hosts Hill Vaden and Sam Humphreys to review big events to hit the LNG market in 2023, and consider the biggest trends to watch in 2024.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
Geothermal energy uses heat from the earth to, among other things, generate electricity and heat or cool buildings. S&P Global Commodity Insights experts Travis Hagler and Matthew Turner join EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the opportunity for geothermal technology to generate continuous, low-carbon power, and outline some of the challenges that need to be overcome before the technology reaches commercial scale.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
Global Clean Energy Technology Investment is expected to reach US$750-800 billion in 2024, and continue to grow to nearly US$1 trillion by 2030. Sam Wilkinson and Francesco d’Avack join EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss this prediction on spend, and nine other Clean Energy trends to watch in 2024.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
In what has become an annual EnergyCents tradition, we welcome back experts Reed Olmstead and David Vaucher for our 5th annual year-in-review and resolutions episode.
Hosts Sam Humphries and Hill Vaden check in to see how well we performed against 2023 expectations, consider some of the year’s biggest surprises, and share market predictions and personal resolutions for the coming year.
Access prior year-end conversations with Reed and David here:
2022: A year-in-review: Energy markets, Taylor Swift, and ESG
2021: Review and resolution: Shale sector activity in 2021 and 2022
2020: Mirror, mirror on the wall: Reflections on 2020 and predictions for 2021
2019: Would you rather: 2020 upstream predictions
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
EnergyCents team and S&P Global Commodity Insights wish you all a Merry Christmas and Happy Holidays!
Global oil traded within a price band in 2023 that largely supported both consumer mobility, and producer economics. Recent weeks have seen steady price declines as market participants consider outlooks for activity in 2024. Karim Fawaz joins EnergyCents with hosts Hill Vaden and Sam Humphreys to recap 2023, and flag the events and trends that will shape oil markets in the year ahead as market participants question the sustainability of $80+/bbl oil amid resurgent supply growth and repeat OPEC+ cuts.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
The North Sea is one of the greatest tangible examples of a transitioning, or evolving, global energy sector. The offshore play is historically recognized for its prolific oil and gas production. Those projects continue today alongside large-scale investments in wind and carbon capture, each with varying levels of government support. North Sea expert Rebecca Vyse joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the emergence of carbon capture investment in the North Sea, with particular focus on the Equinor-led Northern Lights project in Norway. The episode is the third in a three-part series.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
The North Sea is one of the greatest tangible examples of a transitioning, or evolving, global energy sector. The offshore play is historically recognized for its prolific oil and gas production. Those projects continue today alongside large-scale investments in wind and carbon capture, each with varying levels of government support. Offshore wind expert Andrei Utkin joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the rise of offshore wind in the North Sea, and some of the challenges emerging for the low-carbon technology. The episode is the second in a three-part series.
Episode 1 can be accessed here: Ep 121: North Sea Transition Series: Offshore E&P (Episode 1)
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
The North Sea is one of the greatest tangible examples of a transitioning, or evolving, global energy sector. The offshore play is historically recognized for its prolific oil and gas production. Those projects continue today alongside large-scale investments in wind and carbon capture, each with varying levels of government support. Sam Humphries transitions from co-host to guest expert on this week’s EnergyCents as she speaks with host Hill Vaden about recent E&P activity and the implications of related government policy on energy development in the North Sea. The episode is the first in a three-part series.
Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
After initial enthusiasm, Eni and TotalEnergies announced unsuccessful results in October from the Qana-1 prospect in offshore Lebanon. Attention in the play shifts in the short-term to Cyprus, where Eni plans an appraisal well at its Cronos discovery. Upstream expert Sarah Haggas joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss E&P opportunities in the gas-rich Eastern Mediterranean, and describe reasons behind the initial optimism in extending the deepwater play to Lebanese waters.
Learn more about S&P Global Commodity Insights upstream coverage at: https://www.spglobal.com/commodityinsights/en/ci/products/upstream-intelligence.html
Join the conversation at energycents@spglobal.com
More than $40 billion of North America pipeline deals were announced earlier this year as infrastructure owners reposition themselves for success in an evolving energy landscape. Infrastructure investment expert Greg Garneau joins EnergyCents with hosts Hill Vaden and Sam Humphreys to describe the evolution of North America infrastructure since 2016, and consider some of the drivers behind recent deal flow.
Learn more about S&P Global Market Intelligence Issuer Solutions coverage at: https://www.spglobal.com/marketintelligence/en/campaigns/issuer-solutions
Join the conversation at energycents@spglobal.com
Oil and gas exploration activity in the Asia Pacific region is increasingly focused on mature basins as energy security concerns motivate regional operators. Upstream expert Tony Dimabuyu joins EnergyCents with hosts Hill Vaden and Sam Humphreys the provide an overview of recent E&P activity in the Asia Pacific region, and identify some of the more compelling projects to watch.
Learn more about S&P Global Commodity Insights coverage at: https://www.spglobal.com/commodityinsights/en/ci/products/upstream-intelligence.html
Join the conversation at energycents@spglobal.com
Vietnam released its long-awaited Power Development Plan VIII (PDP8) in May 2023 outlining power-sector priorities to 2030, which includes a transition away from coal-fired generation. Vietnam energy expert Zhi Xin Chong joins EnergyCents with hosts Hill Vaden and Sam Humphreys the discuss what PDP8 means to the country’s natural gas sector, and implications for the development of domestic resources as well as LNG imports.
Learn more about S&P Global Commodity Insights coverage at: https://www.spglobal.com/commodityinsights/en/ci/products/asia-pacific-regional-integrated.html
Join the conversation at energycents@spglobal.com
Spending on US transmission projects is increasing quickly, but still represents the smallest allocation of capital investment within North America’s power sector. Doug Giuffre and Chris DeLucia join EnergyCents with hosts Hill Vaden and Sam Humphreys to consider trends in transmission investment, and what to watch for as the North American power industry prepares for its low-carbon transition.
Learn more about S&P Global Commodity Insights coverage at: https://www.spglobal.com/commodityinsights/en/ci/products/power-renewables-energy-markets.html
Join the conversation at energycents@spglobal.com
Strategies to manage global climate and energy concerns are known to intersect, occasionally in conflict and often in alignment. Energy production will again be a focus of the upcoming climate-change conferences: Climate Week in New York City (17-24 Sept 2023) and COP28 in Dubai (30 Nov 2023-12 Dec 2023). Peter Gardett joins EnergyCents with hosts Hill Vaden and Sam Humphreys ahead of his upcoming participation in Climate Week to discuss the conferences’ respective places in influencing global energy and climate initiatives, and why hydrogen will be a major focus at Climate Week.
Learn more about S&P Global Commodity Insights Upstream coverage at: www.spglobal.com/commodityinsight…g-in-energy.html
Join the conversation at energycents@spglobal.com
Australia has long relied on resource-extraction industries to grow its economy. Recent policies now look to leverage the country’s geology to store CO2 via Carbon Capture and Storage (CCS) projects. Technical Research Director Frankie Hulbert joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss Australia’s recent efforts to prioritize CCS exploration and development, and consider the country’s opportunity to emerge as a regional hub for emissions mitigation.
Learn more about S&P Global Commodity Insights Upstream coverage at: https://www.spglobal.com/commodityinsights/en/ci/industry/oil-gas.html
Join the conversation at energycents@spglobal.com
Nuclear energy plants emit no carbon and can run twenty-four hours per day without relying on wind or sunlight. Recently big-name investors have put their celebrity – and money – behind innovations in Small Modular Reactors (SMRs) and fusion. North America Power Expert Steve Piper joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the changing views on nuclear electricity as the world embraces net-zero goals, and whether the renewed enthusiasm represents a nuclear renaissance.
Learn more about S&P Market Intelligence at: https://www.spglobal.com/marketintelligence/en
Join the conversation at energycents@spglobal.com
Shell (Graff-1) and TotalEnergies (Venus 1-X) in 2022 each announced successful offshore exploration wells in Namibia’s Orange Sub-basin. Enthusiasm is high enough to warrant discussion that Venus has perhaps identified Africa’s 6th Super Giant oilfield. Upstream expert Justin Cochrane joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss Namibia’s recent deepwater exploration success, and consider the timelines and hurdles that must be overcome in reaching commercial goals.
Learn more about S&P Global Commodity Insights here: https://www.spglobal.com/commodityinsights/en
Join the conversation at energycents@spglobal.com
Government policy and, in many cases, consumer preferences are accelerating new sales of electric vehicles. Automotive expert Devin Lindsay joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the rise of electric vehicles, and consider how this shift in mobility may affect automotive and energy industries going forward.
Learn more about S&P Global Mobility here: https://www.spglobal.com/mobility/en/index.html
Join the conversation at energycents@spglobal.com
Copper is often spoken of as having a phd because its price can be used to quickly diagnose global economic health. The #metal will also be key in realizing ambitions of an electrified, low-carbon future. Metals and Mining experts Ronnie Cecil and Kevin Murphy join EnergyCents with host Hill Vaden to discuss the role of copper in #electrification, and consider some of the challenges and opportunities for industry as it seeks supply.
Learn more about S&P Global Commodity Insights Metals and Mining coverage here: https://www.spglobal.com/marketintelligence/en/campaigns/metals-mining
Join the conversation at energycents@spglobal.com
China’s reopened economy, sidelined shale, and Russian sanctions all add fresh uncertainties to the supply and demand balances shaping global oil-price expectations. Oil Markets expert Karim Fawaz joins EnergyCents with hosts Hill Vaden and Sam Humphreys to consider the important variables ahead of the recent OPEC+ meeting in June, and discuss the drivers behind our outlook for the second half of 2023.
Join the conversation at energycents@spglobal.com
Liquified Petroleum Gas (LPG), a byproduct of natural gas production and refined oil, is primarily used in cooking, transportation, and as a petrochemical feedstock. It burns cleaner than diesel and gasoline in transportation, and still competes with firewood for market share in developing economies. Natural Gas Liquids (NGL) expert Fernando Covas joins EnergyCents with host Hill Vaden to consider the status and perception of LPG amid a global energy transition and discuss why investors are looking to Africa as a growth market for the fuel. Learn more about S&P Global Commodity Insights coverage of NGL markets: https://www.spglobal.com/commodityinsights/en/ci/products/natural-gas-liquids-market-forecast.htmlJoin the conversation at energycents@spglobal.com
Western sanctions have attempted to limit the market opportunity for Russian oil following the country’s invasion of Ukraine more than a year ago. Barrels continue to access markets in, perhaps, unexpected ways. Shipping expert Rahul Kapoor joins EnergyCents with host Hill Vaden to discuss how Russian oil continues to access markets post-sanctions, and consider the implications for shippers and consumers. Learn more about S&P Global Commodity Insights coverage of Commodities at Sea: https://www.spglobal.com/commodityinsights/en/ci/products/commodities-at-sea.htmlJoin the conversation at energycents@spglobal.com
Almost 20% of the world’s population lives in India, which remains heavily reliant on higher emitting fuels for its energy supply. The potential opportunity for cleantech and decarbonization technologies is huge as the country work towards a 2070 net-zero target. India energy expert Sahil Ali joins EnergyCents with host Hill Vaden to outline India’s current energy balances, and consider technologies that the country may embrace – and challenges that must be overcome – as it embarks on a path to net-zero. Learn more about S&P Global Commodity Insights coverage of Indian energy markets: https://www.spglobal.com/commodityinsights/en/ci/products/asia-pacific-regional-integrated.htmlJoin the conversation at energycents@spglobal.com
Carbon, Capture, Utilization and Storage (CCUS) is increasingly viewed as a key to the world meeting its climate goals. The multi-step technology, or technologies, somewhat uniquely leverages the upstream sector’s experience and expertise in geophysics, molecule management, and large-scale projects. CCUS expert Derek Gonsuron joins EnergyCents with host Hill Vaden to discuss recent advances in CCUS, and consider how traditional upstream companies may realize relative advantage in developing the projects and business models that puts carbon back in the ground. Learn more about S&P Global Commodity Insights work on CCUS here: https://view.highspot.com/viewer/6410e2efb37768b5626b2332Join the conversation at energycents@spglobal.com
European energy markets largely dodged a crisis during the 2022-23 winter months thanks to the combination of functioning markets, policy influences, and warm weather. Energy expert Laurent Ruseckas joins EnergyCents with host Hill Vaden to recount Europe’s successful gas-market balancing act in 2022, and consider how the continent is preparing for 2023 as conflict in Ukraine continues to disrupt traditional energy supplies. Learn more about S&P Global Commodity Insights’ European Gas, Power and Renewables coverage here: https://www.spglobal.com/commodityinsights/en/ci/products/eu-energy-forecasts-strategic-analysis-insights-by-fuel.htmlJoin the conversation at energycents@spglobal.com
Petrobras emerged a leader in offshore oil in gas on the back of exploration success throughout the early 2000s, which also coincided with the first presidency of Luiz Inácio Lula da Silva (2003-2010). Lula won re-election in 2022, and promises to prioritize the development of low-carbon energy through its state-owned oil company. Energy Supply Chain expert Carlos Rocha joins EnergyCents with host Hill Vaden to discuss the evolving role of Petrobras within the Brazilian energy sector, and what to watch for under the new Lula-led government. Learn more about S&P Global Commodity Insights’ Costs and Supply Chain coverage here: https://www.spglobal.com/commodityinsights/en/ci/products/cost-solution-oil-gas.htmlJoin the conversation at energycents@spglobal.com
Buoyed by high commodity prices in 2022, the global upstream sector enters 2023 with a high-class cash-flow problem: what to do with all this money. Among other ideas, governments suggest windfall-profits taxes, investors want dividends and buybacks, and environmentalists seek climate-directed investment. Upstream experts Raoul LeBlanc and Kevin Birn rejoin EnergyCents with host Hill Vaden to discuss the operating environment for Upstream players in 2023, and how executives may balance competing pressures to reinvest in fossil fuels, diversify into new technologies, and/or share profits with stakeholders. Learn more about S&P Global Commodity Insights’ Upstream Emissions coverage here: https://www.spglobal.com/commodityinsights/en/ci/products/upstream-emissions.htmlJoin the conversation at energycents@spglobal.com
Battery and automobile makers often look at the relationship between service stations and internal combustion engines as business-model analogues to solve electric vehicles’ duration and distance challenges. But are these the right analogues? Cleantech experts Sam Wilkinson and George Hilton rejoin EnergyCents this week to discuss business-model alternatives to road-side recharging, as well as the role of recycling in addressing EV supply-chain challenges. Learn more about S&P Global Commodity Insights’ Clean Energy Technology coverage here: https://www.spglobal.com/commodityinsights/en/ci/products/clean-energy-technology.htmlJoin the conversation at energycents@spglobal.com
Environmental, Social, Governance (ESG) investment themes fell out of favor in 2022 as concerns around things like energy security and Wall Street’s motivation captured the attention of investors and governments. Peter Gardett rejoins EnergyCents this week to discuss the changing narratives of ESG and consider how those shifts may (or may not) affect cleantech-directed capital in 2023. Join the conversation at energycents@spglobal.com
The success of cleantech innovation is, in many ways, dependent on the world’s mining sector delivering an adequate supply of one or more of the following metals: copper, cobalt, nickel, and lithium. Mark Ferguson, a Commodity Insights metals and mining expert for S&P Global's Capital IQ, joins EnergyCents this week to discuss the convergence of energy with the metals and mining sector, and how ESG-oriented investors balance the environmental impact of mining with the low-carbon promise of cleantech. Learn more about S&P Global Commodity Insights Metals and Mining coverage here: https://www.spglobal.com/marketintelligence/en/campaigns/metals-miningJoin the conversation at energycents@spglobal.com
In what has become an annual EnergyCents tradition, we welcome back experts Reed Olmstead and David Vaucher for our annual year-in-review and resolutions episode. We check in to see how well we performed against 2022 expectations, consider the year’s biggest surprises, and share predictions on how the energy sector may evolve in the coming year.Join the conversation at energycents@spglobal.com
Russia’s Ukraine invasion led to gas supply constraints to Europe that rerouted global gas flows throughout the summer and fall. Gas market expert Johan Utama joins EnergyCents this week to review the role of natural gas in Southeast Asian markets, and how a spike in European demand influenced local balances half a world away.Learn more about S&P Global Commodity Insights’ petroleum-sector risk coverage at: https://www.spglobal.com/commodityinsights/en/ci/products/asia-pacific-regional-integrated.htmlJoin the conversation at energycents@spglobal.com
Global oil prices avoided hitting new highs over past months as policy choices from consuming countries helped balanced markets, and Russian supply found new outlets. Global oil expert Karim Fawaz joins EnergyCents this week to review shifts in oil markets since the start of the Russia-Ukraine conflict, and share expectations for winter as global economies slow and anticipated sanctions dislocate supply.Learn more about Karim’s analysis with S&P Global Commodity Insights at: https://www.spglobal.com/esg/s1/products/energy-advisory-service.htmlJoin the conversation at energycents@spglobal.com
The world has seen an impressive emergence of the Guyana Basin through the discovery of more than 16 billion boe of recoverable resources in less than seven years. Accelerated development of the most prolific discoveries may perhaps lead to the basin delivering 2 MMb/d by middle of next decade. The scene has radically changed since 2015 when ExxonMobil made the Liza discovery in the Stabroek Block, with a resurgence in Guyana Basin exploration giving rise to 81 NFW wells drilled offshore mainly in deeper waters to date. The competitive landscape in the Guyana Basin is populated by a mix of global international oil companies (GIOCs), independents, and foreign national oil companies (NOCs). The largest resource holders in the Guyana Basin are ExxonMobil in partnership with Hess and CNOOC yielding more than 13 billion boe of recoverable resources.
The Eastern Mediterranean’s role as a global gas hub is technically advantaged by more than 10 years of exploration success, and strategically advantaged by its relative proximity to European markets. However, those advantages are balanced by competing interests that include growing gas demand from local markets and a lack of political consensus in the region. Petroleum-sector risk expert Cat Hunter joins EnergyCents this week to review the monetization efforts of recent Eastern Med gas discoveries, and share thoughts on the pace and direction of the area’s potential as a global gas hub.Learn more about S&P Global Commodity Insights’ petroleum-sector risk coverage at: https://ihsmarkit.com/products/oil-gas-petroleum-news-peps.htmlJoin the conversation at energycents@spglobal.com
Five oilfield services firms control more than 65% of the hydraulic horsepower capacity available to US shale-focused operators interested in fracing wells. Nearly 80% of that capacity is in use, and overall horsepower is not expected to expand anytime soon. North America oilfield services experts Chris Alexander and Prashanth Pillai join EnergyCents this week to consider what the capacity limitations mean for the sector’s near-term prospects, and how higher spending by operators in 2023 may not proportionately translate to production growth.
Hear referenced shale-sector conversation with Reed Olmstead and Imre Kugler in September’s episode: EnergyCents- Ep 89: Theory of constraints: Service-sector capacity limits shale-sector reinvestment
Learn more about S&P Global Commodity Insights’ Oilfield Services coverage at: https://ihsmarkit.com/products/oilfield-equipment-services.html
Join the conversation at energycents@ihsmarkit.com.
More than a dozen operators are preparing to bid in December on up to 12 pre-salt blocks in Brazil’s Campos and Santos basins, including the promising Ametista Block. This year’s auction times with the finalization of a presidential run-off and marks the first time pre-salt blocks are available in a Permanent Offer System, which is designed to promote award efficiency and had been previously applied to more marginal acreage. Brazilian petroleum-sector expert Ford Tanner joins EnergyCents this week to consider how the country’s presidential run-off may influence its future oil policies, and discuss the uniqueness of the upcoming pre-salt auction.
Learn more about S&P Global Commodity Insights’ petroleum-sector risk coverage at: https://ihsmarkit.com/products/oil-gas-petroleum-news-peps.html.
Join the conversation at energycents@spglobal.com.
There are more than 20 Green Banks operating in the US with a shared goal of accelerating cleantech investment in underserved communities and filling other climate-related market gaps. Alison Bennett, a banking reporter with S&P Global's Market Intelligence, joins EnergyCents this week to discuss the role of Green Banks in climate finance, and what to expect from the institutions on the back of a $27 billion allocation as part of the Inflation Reduction Act.
Learn more about S&P Market Intelligence: https://www.spglobal.com/marketintelligence/en.
Learn more about the American Green Bank Consortium: https://greenbankconsortium.org/annual-industry-report.
Europe’s real GDP grew by about 5% during the first two quarters of 2022 on the back of post-pandemic strength from the service sector. Momentum, however, stalled in response to high energy prices and contraction now appears imminent. S&P Global experts on European economics and policy Diego Iscaro and Petya Barzilska join EnergyCents this week to discuss the impact of high energy prices on EU member states, and what to expect from fiscal and monetary policy makers over the coming months.
Learn more about S&P Global’s Economics and Country Risk coverage at https://ihsmarkit.com/industry/economics-country-risk.html.
Join the conversation at energycents@ihsmarkit.com.
Increasing the mix of Sustainable Aviation Fuels (SAFs) in airlines is a key ingredient in the aviation sector reaching its goal of carbon neutrality by 2050. Biofuels expert Kevin Lindemer returns to EnergyCents this week to discuss the technologies and policies supporting SAF development and consider the timing of market-share growth for lower carbon fuels in aviation.
Learn more about S&P Global Commodity Insights biofuels coverage at https://ihsmarkit.com/products/biofuels.html.
Hear more from Kevin on EnergyCents – Episode 43: Beyond Oil: the growing role of biofuels in a decarbonizing refining sector.
Join the conversation at energycents@ihsmarkit.com.
The US shale sector is awash in cash on the strength of commodity prices and prudence of operations. North America upstream experts Reed Olmstead and Imre Kugler join EnergyCents this week to consider the near-term outlook for shale producers, and why high commodity prices are not stimulating aggressive drilling campaigns.
Learn more about S&P Global Commodity Insights shale forecasting and analysis at https://ihsmarkit.com/products/upstream-insight.html and https://ihsmarkit.com/products/energyview-oil-gas-north-america.html.
Join the conversation at energycents@ihsmarkit.com.
Climate Week NYC runs September 19-25 in Manhattan, during a week when the city will also be crowded with dignitaries attending the United Nations General Assembly. Climate and energy experts Peter Gardett and Roman Kramarchuck join EnergyCents this week – ahead of their own Climate Week attendance – to share their expectations for program, and frame its role in the accelerating global environmental narrative.
Learn more about S&P Global Commodity Insights energy-transition coverage at https://www.spglobal.com/commodityinsights/en/products-services/energy-transitionclimate and climate-finance coverage at https://ihsmarkit.com/products/EnergyView-Climate-and-CleanTech-Service.html.
The broad-reaching Inflation Reduction Act (IRA) includes a mix of federal incentives to motivate clean-energy investment that will mitigate emissions-related climate concerns. North America Power experts Patrick Luckow and Doug Giuffre join EnergyCents this week to share their early analysis of the bill, and highlight its potential implications for the US electric grid.
Read more of Patrick and Doug’s thoughts on the bill: https://ihsmarkit.com/research-analysis/implications-of-the-us-senate-passed-inflation-reduction-act.html
Learn more about S&P Global’s North America Gas & Power coverage for industry at https://ihsmarkit.com/products/north-american-energy-forecasts-strategic-analysis-insights-by-fuel.html and investors https://ihsmarkit.com/products/energyview-gas-power-renewables.html.
Join the conversation at energycents@ihsmarkit.com.
Egypt hosts the 2022 United Nations Climate Change Conference, also known as COP27, this November. The event takes place during a year when energy security has overshadowed many countries’ climate concerns. Climate policy experts Anna Mosby and Conway Irwin join EnergyCents this week to share expectations for the upcoming conference and consider how the recently signed Inflation Reduction Act may shape the United States’ presence during this year’s talks.
Learn more about S&P Global’s Energy and Climate Scenarios coverage https://ihsmarkit.com/products/energy-climate-scenarios.html.
Join the conversation at energycents@ihsmarkit.com.
Utilities and their commissions are watching customers embrace distributed generation and battery investments that could impact existing rate design and returns on equity. Lillian Federico, a Commodity Insights research director for S&P Global's Capital IQ, joins EnergyCents this week to discuss the evolution of utility rate design, and how growing climate and resilience priorities from US consumers may impact designs of the future.
Learn more about Capital IQ Pro: https://www.spglobal.com/marketintelligence/en/solutions/sp-capital-iq-pro
Learn more about S&P Global’s Power and Renewables coverage that caters to industry https://ihsmarkit.com/products/power-renewables-energy-markets.html and financial sector customers https://ihsmarkit.com/products/energyview-gas-power-renewables.html
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Governments of resource-rich countries in Africa find themselves at a crossroads as oil and gas operators weigh stranded-asset risk before committing to long-lead-time fossil-fuel projects. Roderick Bruce, an expert in petroleum-sector risk with S&P Global Commodity Insights, joins EnergyCents this week to discuss how host governments in Africa are working with operators to balance their near-term economic goals of resource monetization with longer-term environmental goals of carbon reduction.
Learn more about S&P Global’s oil-and-gas risk coverage that caters to industry https://ihsmarkit.com/products/oil-gas-risk-forecast-analysis.html and financial sector customers https://ihsmarkit.com/products/energy-advisory-service.html
Join the conversation at energycents@ihsmarkit.com.
Policy makers are returning their attention to nuclear power as a potentially low-emission, reliable generator of electricity. Most recently, the European Parliament voted in early July to apply its green label to nuclear power under the EU's sustainable finance taxonomy. S&P Global Commodity Insights experts in European power Coralie Laurencin and Sylvain Cognet-Dauphin join EnergyCents this week to discuss the role of nuclear power in meeting Europe’s immediate electricity needs, and whether short-term needs will impact and otherwise declining long-term trajectory.
Learn more about S&P Global’s Power and Renewables coverage that caters to industry at https://ihsmarkit.com/products/power-renewables-energy-markets.html and financial sector customers at https://ihsmarkit.com/products/energyview-gas-power-renewables.html.
Join the conversation at energycents@ihsmarkit.com.
Washington state in April became the first state to adopt all-electric standards for new commercial and multi-family constructions. The move follows similar, more localized, activity led largely by California municipalities to limit the expansion of fossil-fuel end use. Gas utilities Expert Tom DiChristopher, a Commodity Insights senior reporter for S&P Global's Capital IQ, joins EnergyCents this week to discuss moves to ban the connection of new building constructions to municipal gas grids, and how they may impact the future plans of utilities and residential consumers.
Learn more about Capital IQ Pro: https://www.spglobal.com/marketintelligence/en/solutions/sp-capital-iq-pro
Hear more from Tom in the on-demand webinar, “Building Electrification: Three years after the Berkeley gas ban, where are we now?”: https://pages.marketintelligence.spglobal.com/Building-Electrification-Three-years-after-the-Berkeley-gas-ban-where-are-we-now-Registration-June-2022.html
Join the conversation at energycents@ihsmarkit.com
Global coal prices are at multi-decade highs as post-CoVid demand spikes in the face of underinvested supply. Coal Markets Expert Taylor Kuykendall, a Commodity Insights senior reporter for S&P Global's Capital IQ, joins EnergyCents this week to discuss the current coal market imbalance, and consider how competing environmental and energy-security concerns may influence markets going forward.
Learn more about Capital IQ Pro: https://www.spglobal.com/marketintelligence/en/solutions/sp-capital-iq-pro.
Hear more from Taylor on S&P Global Market Intelligence’s Energy Evolution podcast: https://open.spotify.com/show/4ttjcoVpnQNzx8Ho2ZjPWF?si=0d867dd80f864c89.
Join the conversation at energycents@ihsmarkit.com.
The LNG industry counts 48 floating regasification and storage units (FSRU) in its global fleet, and demand has exploded as Europe seeks gas-supply optionality after Russia’s invasion of Ukraine. Charter rates have about doubled this year to approximately $200,000/day. S&P Global LNG Expert Andres Rojas joins EnergyCents this week to put the current FSRU-market tightness into perspective, and consider whether this short-term boom has long-term implications.
Learn more about LNG coverage in our Global Gas service at https://ihsmarkit.com/products/global-gas.html and LNG Analytics at https://ihsmarkit.com/products/global-lng-predictive-analytics.html.
Join the conversation at energycents@ihsmarkit.com
Energy-directed capital has long been biased to the molecule thanks to the global scale and operational efficiencies of fossil fuels. Focus has, in some ways, shifted to the electron with the maturation of low-carbon technologies. S&P Global climate finance expert Peter Gardett returns to EnergyCents this week to discuss the complexities of climate-aligned energy investing, and how there’s room for both electrons and molecules in a lower-carbon economy.
Learn more about our cleantech investment coverage in EnergyView – Climate & Cleantech https://ihsmarkit.com/products/EnergyView-Climate-and-CleanTech-Service.html
Hear more from Peter in our On Demand webinar, “Understand and maximize returns in energy transition investments from climate and cleantech fundamental data” https://ihsmarkit.com/events/understand-and-maximize-returns-in-energy-transition-investments-from-climate-and-cleantech-fundamental-data/overview.html
The global energy sector, largely defined by the traditional businesses of oil and gas companies, is increasingly associated with cleantech investment and innovation. S&P Global upstream technology experts Judson Jacobs and Carolyn Seto join EnergyCents this week to discuss how oil and gas companies are approaching energy-sector disruption, and what to expect as high commodity prices offer renewed support for traditional business lines.
Learn more about our Upstream Technology and Innovation coverage https://ihsmarkit.com/products/upstream-technology-and-innovation-utai.html
The United States is entering summer with natural gas prices approaching $9/mcf and Lower 48 storage levels 15% below the five-year average, and North America drillers are loath to increase supply as investors force restraint. S&P Global gas markets experts Matthew Palmer and Laurent Ruseckas join EnergyCents this week to discuss how this summer, and how global gas demand increasingly influences North America markets.
Learn more about our gas markets coverage in Global Gas service https://ihsmarkit.com/products/global-gas.html and, for investors, EnergyView – Gas, Power, Renewables https://ihsmarkit.com/products/energyview-gas-power-renewables.html
Hear more from Laurent in our On Demand webinar, “Identifying institutional investment opportunities in oil and gas markets” https://ihsmarkit.com/events/identifying-institutional-investment-opportunities-in-oil-and-gas-markets/overview.html?utm_campaign=CL_ENR_CSG_26April22_EnergyAdvisory_ET1_PC022175_e-production_E-135164_PRDM_0504_1315&utm_medium=email&utm_source=Eloqua
Russian sanctions have fundamentally altered commodity market conditions, how oil is priced, and the framework used by market participants to form forward price expectations. S&P Global oil markets expert Karim Fawaz joins EnergyCents this week to discuss how energy-security priorities have reshaped global oil markets, and the key areas to watch as we move in the second half of 2022.
Learn more about oil markets coverage in Energy Advisory Service https://ihsmarkit.com/products/energy-advisory-service.html
Hear more from Karim in our On Demand webinar, “Identifying institutional investment opportunities in oil and gas markets” https://ihsmarkit.com/events/identifying-institutional-investment-opportunities-in-oil-and-gas-markets/overview.html?utm_campaign=CL_ENR_CSG_26April22_EnergyAdvisory_ET1_PC022175_e-production_E-135164_PRDM_0504_1315&utm_medium=email&utm_source=Eloqua
Global solar installations were expected to grow more than 30% in 2022 before COVID restrictions in mainland China impacted operations of the world’s largest solar manufacturer. S&P Global solar supply chain experts Siqi He and Cormac Gilligan join EnergyCents this week to discuss the importance of China to solar supply chains, and the potential impacts to 2022 expectations from curtailed manufacturing.
Learn more about our solar coverage via Clean Energy Technology: https://ihsmarkit.com/products/clean-energy-technology.html and for financial sector customers via EnergyView – Climate and Cleantech: https://ihsmarkit.com/products/EnergyView-Climate-and-CleanTech-Service.html
Access the On-Demand Webinar “Understand and maximize returns in energy transition investments from climate and cleantech fundamental data”: https://ihsmarkit.com/events/understand-and-maximize-returns-in-energy-transition-investments-from-climate-and-cleantech-fundamental-data/overview.html
Plug Power Inc., headquartered in Latham, N.Y. is working to build an “end-to-end green hydrogen ecosystem” with support from large customers and joint-venture partners that include Walmart, SK E&S, and Renault. Plug CEO Andy Marsh joins EnergyCents to describe the company’s evolution since its 1997 founding; discuss how JVs fit into his growth strategy; and offer thoughts on the direction of global hydrogen markets.
Global Upstream merger and acquisition activity increased in 2021 after pandemic-led uncertainty and a reset in the shale sector forced moderation in 2020. Upstream M&A Expert Chris Sheehan joins EnergyCents this week to review trends profiled in his annual Global Upstream M&A Review and Outlook report, and offer thoughts on why 2022 will be a “buyer’s market” as operators prioritize asset quality, cash flows, and often low-carbon ambition.
Access the On-Demand Webinar Global Upstream M&A Review and Outlook 2022: https://ihsmarkit.com/events/on-demand-global-upstream-ma-review-and-outlook-webinar-series/overview.html?utm_campaign=PC022019&utm_medium=banner&utm_source=podcast.
Learn more about our M&A Analysis and data through Companies and Transactions at https://ihsmarkit.com/products/energy-company-transaction-research.html.
Nearly 80% of the world’s potential offshore wind resources are in waters deeper than 60 meters or in waters with poor seabed conditions. These winds cannot be accessed by traditional bottom-fixed installations – and represent opportunity for nascent floating offshore wind projects. S&P Global Offshore Wind Expert Andrei Utkin joins EnergyCents this week to discuss the growing interest in floating offshore wind, and why we should be looking to Europe, the North Sea, and oil and gas majors for sector leadership.
Learn more our offshore wind forecasts and advisory through Clean Energy Technology at https://ihsmarkit.com/products/clean-energy-technology.html and EnergyView – Climate and Cleantech at https://ihsmarkit.com/products/EnergyView-Climate-and-CleanTech-Service.html.
COVID restrictions and Russia sanctions upended seaborne trade patterns over the past several years and are now contributing to levels of consumer price inflation not seen in some 40 years. S&P Global’s Vice President of Maritime and Trade Rahul Kapoor joins EnergyCents this week to discuss changes in commodity shipping patterns observed since lockdowns froze global trade in early 2020, and identifies the current trends that may be testing the world’s economic resilience.
Learn more about Commodities at Sea at https://ihsmarkit.com/products/commodities-at-sea.html. See more about our Energy Advisory Service at https://ihsmarkit.com/products/energy-advisory-service.html.
Many of the more than 1 billion people living in 49 sub-Saharan Africa countries are underserved by reliable electricity generation, leaving a massive opportunity for power-generation investment. However, the challenges – namely stimulating demand and designing the right business model – are equally large. S&P Global Experts on Electricity and Energy Storage Sylvia Macri and George Hilton join EnergyCents this week to discuss the state of power generation in Africa, and where to expect hurdles and enablers of wider electrification.
What a difference a year makes: energy equities are outperforming the broader stock market, and oil majors are well positioned in 2022 to return cash to shareholders via buybacks and dividends. IHS Markit Corporate Equity Analysts Lysle Brinker and Sam Hanna join EnergyCents this week to share the biggest learnings from recently completed earnings season, and how investors should consider the sector as we move deeper into 2022.
Vaca Muerta Shale play is the most important unconventional resource play outside North America. Over the last decade, it has seen significant improvements in productivity and costs, overcoming technical challenges by leveraging technologies and approaches employed in the US shale plays. The play is dominated by Argentine national oil company YPF and, although foreign IOCs are present there, aspects beyond typical ROI calculations make the full development of the play potential likely to relay on YPF and domestic and regional players to be achieved.
Western governments quickly responded to Russia’s late February invasion of Ukraine with economic sanctions to discourage further escalation of conflict and lessen what is already a humanitarian tragedy. Initial sanctions excluded Russia’s energy supply, though oil and gas markets still reflect scarcity amid uncertainty. S&P Global Expert on European Gas Laurent Ruseckas returns to EnergyCents this week to discuss the implications to European gas markets of Russia’s Ukrainian invasion and related sanctions, and how recent events may impact the continent’s longer term energy supply strategies.
Hear more EnergyCents conversations with Laurent on European gas in prior episodes: • Autumn of discontent: Europe wrestles with spiking natural gas prices (November 2021)at https://soundcloud.com/ihsmarkitenergysolutions/energycents-ep-56-autumn-of-discontent-europe-wrestles-with-spiking-natural-gas-prices
• The shape of gas to come: Pipes, politics, and the pursuit of European gas markets (April 2021)at https://soundcloud.com/ihsmarkitenergysolutions/energycents-ep-33-the-shape-of-gas-to-come-pipes-politics-and-the-pursuit-of-europe
IHS Markit’s cleantech team released its “Top 10 clean technology trends in 2022” earlier this year, placing bets on the biggest expected movements across solar, battery, and other cleantech sectors. IHS Markit Vice President of Cleantech Eduard Sala de Vedruna joins EnergyCents this week to discuss four of the team’s top 10 predictions, as well as disclose his 11th prediction – which didn’t quite make it on this year’s short list.
Download the report: https://ihsmarkit.com/Info/0122/cleanenergytechtrends2022.html.
Structural declines in fuel demand will lead to reduction in global refining capacity over the coming years and decades. Where then might lie opportunities for growth-directed investment? IHS Markit’s Head of Americas Refining Debnil Chowdhury joins EnergyCents this week to consider the changing incentives of Downstream executives, the opportunity for biofuels with aircraft, and the prospects for traditional fuel demand in emerging markets.
Global Engineering, Procurement, Construction (EPC) firms have long embraced project-management opportunities with partners in oil and gas, particularly when it comes to complex offshore projects. However, the pipeline of opportunities is changing as the energy sector prioritizes low-carbon initiatives. Offshore Supply Chain Expert Ding Li Ang join to EnergyCents this week to discuss how EPC firms are evolving as the definition of energy changes, and where lie some of the biggest challenges and opportunities for established firms.
Before the pandemic, more than 25% of vehicle miles traveled in the United States came from commuting. Professionals are now working from home some, or all, of every week. Should we expect proportionate declines in fuel demand, and extensions of automobile lifespans? Mobility Experts Fellipe Balieiro and Todd Campau join to EnergyCents this week to discuss how social-distancing protocol led to structural change in American transportation, and whether the loss of commutes and rise of EVs is actually reducing fuel use.
Battery and hydrogen technologies have emerged as two of the highest profile ideas to lower the world’s carbon emissions. Battery technology is further along in many ways, though hydrogen has momentum thanks to enthusiastic support from governments, investors, and even traditional energy providers. Cleantech Experts Sam Wilkinson and Alex Klaessig return to EnergyCents this week to discuss the potential applications of each technology, and whether we should consider them rivals or collaborators in the race for cleantech capital.
Asian countries will generate about 70% of the world’s electricity demand growth between 2021 and 2025. And most of these markets are on track to fall short of stated net-zero targets due to lack of investment in renewables. IHS Markit Power Experts Chad Singleton and Vince Heo join EnergyCents this week to discuss the gap between certain countries’ net-zero ambition and net-zero funding, and what catalysts could unlock additional investment.
There’s a degree of consensus from financial prognosticators that energy equities from both the low-carbon and traditional sectors will outperform in 2022. IHS Markit Experts in capital and energy markets Chris Fenske, Peter Gardett, and Karim Fawaz join EnergyCents this week to discuss the operating environments behind the equity enthusiasm, and whether the start-of-year set up can meet investor expectations.
Oil and gas producers made headlines in 2021 selling “net-zero oil” thanks to the purchase of carbon offset credits to mitigate Scope 1 and Scope 2 emissions associated with bringing that oil to market. IHS Markit Upstream emissions experts Kevin Birn and Raoul LeBlanc join EnergyCents to discuss the upstream sector’s emissions-management strategies, and how we should expect the trend to evolve.
EnergyCents welcomes back IHS Markit shale sector experts Reed Olmstead and David Vaucher for our annual year-in-review episode. We check in to see how well we performed against personal resolutions in 2021, make new resolutions for 2022, and share predictions on how the shale sector will evolve in the coming year.
After months of high expectations, the UN conference COP26 concluded in November and left many climate enthusiasts wishing there had been more substantial policy successes. There are reasons for optimism, however, including a surprise agreement on carbon offset trading provisions. EnergyCents welcomes IHS Markit climate and finance experts Peter Gardett, Paul McConnell, and Roger Diwan in this special edition episode that opens our listeners to an “Investing in Energy” client webinar where the speakers share their immediate reactions to the event, and highlight the most significant implications that bear watching over the coming months and years.
Oil markets find themselves at the intersection of fear and greed with supply concerns and fear-of-missing-out enthusiasm pushing prices into a higher band for 2021 and 2022. EnergyCents welcomes back oil markets expert Karim Fawaz to discuss reasons for the step change in oil price support, and where he sees markets trending over the coming months.
European natural gas prices have more than tripled in 2021 on the back of a post-Covid demand surge that has far outpaced supply – and all before the beginning of winter, when seasonal demand is highest. IHS Markit’s Laurent Ruseckas, an expert in European gas markets, returns to EnergyCents this week to assess the current European gas crunch, and share his views on the potential timing and mechanisms of resolution.
The Chinese saying, 摸着石头过河, translates roughly in English to “touching the stones to cross the river” and describes the need to embrace an often-indirect path to reach a known destination. The saying is relevant this autumn as planners look to the other side of a power shortage affecting more than two-thirds of China’s provinces. IHS Markit’s Jenny Yang and Lara Dong, both experts China gas and power markets, join EnergyCents this week to discuss what’s led to the current shortage of electricity in China, and how we should expect the situation to evolve as planners prepare for a seasonal increase in demand.
Transitioning United States power and gas markets to a net-zero economy requires coordinate policy and infrastructure strategies that don’t neglect practicalities of implementation. IHS Markit power experts Xizhou Zhou and Wade Shafer join EnergyCents this week to discuss potential tightness in US gas and power markets as 2021 winter approaches, and how what happens in the near-term may shape long-term plans for gas and power infrastructure – a research focus of their upcoming study, “New Configurations: America’s Gas and Power in Net Zero”.
More information on how to join the New Configurations study: https://ihsmarkit.com/products/new-configurations-america-gas-power-net-zero.html.
Ask our experts a question or book 1-1 time: https://experts.ihsmarkit.com/home.
Competition within the Canadian oil sands has concentrated among a few specialists as carbon-concerns contribute to divestments from more diversified players. IHS Markit’s Kevin Birn, an expert in emissions and Canadian oil markets, joins EnergyCents this week to share what is a stable outlook for oil sands production, and consider how we should view play’s future as climate concerns increasingly influence energy markets.
Ask Kevin a question or book 1-1 time with him: https://experts.ihsmarkit.com/experts/birn-kevin.
The climate-policy arena shifts in November to COP26 in Glasgow, Scotland, after a closely watched UN General Assembly session in New York this September that included high-profile participation by government leaders, and even Korean pop sensation, BTS. IHS Markit experts in climate policy and finance Peter Gardett and Conway Irwin return to EnergyCents this week to discuss how diplomacy will meet markets at COP26, and which diplomatic alliances bear watching.
Download the report, “Diplomacy meets markets,” at https://ihsmarkit.com/Info/0921/road-to-cop26-alliances.html
Ask our energy experts a question: http://ihsmark.it/LweK50GjxwM
Brazil’s presalt is a world-class resource play that is becoming a core region for several major operators. Nevertheless, challenges remain, namely Brazil’s political dynamics, recent exploratory results indicating more gas than oil, and the ongoing energy transition. We hope you enjoy this discussion with our experts Fernanda Machado and Tony Reinsch as they share their detailed knowledge about this substantial resource play.
Ask our experts a question or book 1-1 time with them at https://experts.ihsmarkit.com.
Investors, disruptive start-ups and original equipment manufacturers (OEMs) are hunting for the points of competitive differentiation that will drive the future of automotive mobility. The result is a tangled web of battery innovation, retooled-automotive manufacturing, charging-network footprints, and brand-equity promotions. IHS Markit Automotive expert Graham Evans joins EnergyCents this week to help us sort out the competitive environment for electric vehicles, and to consider the various business models’ contingencies and enablers.
Ask Graham a question or book 1-1 time with him: https://experts.ihsmarkit.com/experts/evans-graham.
Send us your comments and questions by emailing energycents@ihsmarkit.com.
Hear more from Graham in IHS Markit's automotive-focused podcast, Autology: https://soundcloud.com/ihsmarkit-autology.
Not all fossil fuels are created equal, and natural gas holds some advantage relative to its carbon-moleculed peers as climate ambition influences global energy policy. IHS Markit Vice Presidents of Climate and Sustainability Michael Stoppard and Shankari Srinivasan join EnergyCents this week to discuss how gas can contribute to a net-zero transition, and other recent findings from their recent study, A Sustainable Flame: The role of gas in net zero.
Find the study at: https://ihsmarkit.com/Info/0721/sustainable-flame.html
Book time with an expert or ask them a question: https://experts.ihsmarkit.com/home
Upstream Capital Cost Service (UCCS) Discussions is a new addition to the Upstream in Perspective podcast. In these conversations, analysts from the UCCS will discuss some highlights from their latest research. The September 2021 podcast centers around the large price gain that we have seen in the Upstream Capital Cost index. The markets driving this change were steel, bulk materials, and equipment. In this episode, Upstream Cost & Technology experts Sheila Moore, Basel Asmar, Jeff Otten, and Jeff Nitto will discuss changes they have seen in those markets and what challenges the industry might face in the future.
Book time with our experts at experts.ihsmarkit.com.
Low-carbon investment by oil majors has historically generated lower volatility and lower returns relative to capital directed at oil and gas projects. How will further decarbonization pressures influence the portfolio choices and returns expectations of the world’s largest traditional energy companies? EnergyCents welcomes back IHS Markit Research Director Chris DeLucia, an expert in oil and gas portfolio strategy, this week to share results of his recent analysis of oil majors’ sector-specific returns, and what to expect in the future as firms balance climate and financial goals.
Book 1-1 time with Chris: https://experts.ihsmarkit.com/experts/delucia-chris
Ask our energy experts a question: http://ihsmark.it/uwhF50G5PGa
Carbon, Capture, Utilization, and Sequestration projects, or CCUS, involve well-established technologies that have yet to reach the commercial scale to adequately mitigate global emissions. And the sector is now undergoing a period of innovation and investment amid recognition that a viable CCUS business model will be key to firms and governments realizing net-zero ambition. IHS Markit CCUS expert Paola Perez Pena joins EnergyCents this week to discuss the differences in Carbon Sequestration technologies, and highlight the potential catalysts and timeline for its realizing its commercial opportunity.
Global majors began expanding the footprint of their fuel retail stations in 2017 after more than a decade of site reductions. What explains this renewed enthusiasm for branded retail? IHS Markit Director Rob Smith, an expert in global fuel retail, joins EnergyCents this week to describe the changing role of fuel retail in a major’s downstream portfolio as consumers redefine their expectations of automotive mobility.
Ask Rob a question or book 1-1 time with him: https://experts.ihsmarkit.com/experts/smith-rob
Send us your comments or feedback: energycents@ihsmarkit.com.
The role of upstream exploration is changing as oil and gas companies prepare for growth in a lower-carbon business environment. IHS Markit Chief Upstream Strategist Bob Fryklund joins EnergyCents this week to discuss recent exploration success and trends, and consider the changing role of the business in energy-company portfolios.
Ask Bob a question, or book 1-1 time: https://experts.ihsmarkit.com/experts/fryklund-bob
Send us your feedback or topics you'd like us to address in the future: energycents@ihsmarkit.com.
Californians approach the anniversary of 2020’s unexpected blackouts during a year that has already seen extreme-weather events impact residents of Texas (winter cold) and the Pacific Northwest (summer heat). What should we expect as we enter August, often the hottest month of a U.S. summer? IHS Markit North American power experts Chad Singleton and Sam Huntington join EnergyCents this week to discuss recent lessons learned by system operators, and how investors should consider power systems’ extreme-weather preparation amid the prioritization of reliable, clean, and affordable electricity.
Ask Sam a question or book 1-1 time: https://experts.ihsmarkit.com/experts/huntington-sam
A sense of urgency will define the proceedings at the United Nations’ 26th Conference of the Parties (COP26) this coming November. Policy makers and private-sector participants will look to take action in addressing, what are increasingly viewed as serious, threats from climate change. IHS Markit energy-capital transition experts Conway Irwin and Peter Gardett join EnergyCents this week to frame the importance of COP26, and discuss how outcomes from the event may influence capital flows as energy- and climate-policy converge.
Send us your comments or question: energycents@ihsmarkit.com
Global investment in biofuels continues to ramp up as the refining sector optimizes its portfolio beyond traditional fossil fuels. IHS Markit biofuels experts Christoph Berg, Jordan Godwin, and Kevin Lindemer join EnergyCents this week to discuss the rise in biofuels investment, and share their thoughts on the geographies and policies that are driving activity.
Ask our experts a question or book 1-1 time:
Dr. Chrisoph Berg: https://experts.ihsmarkit.com/experts/berg-christoph Kevin Lindemer: https://experts.ihsmarkit.com/experts/lindemer-kevin
More than 20% of Houston GDP relates to activities in the traditional energy industry – a sector that is being disrupted by innovation in low-carbon energies. How will the effects of this disruption compare to the economic decline observed in 1990s Detroit, whose GDP was heavily reliant on an evolving automobile industry? IHS Markit Regional Economist Karl Kuykendall joins EnergyCents this week to discuss the historically resilient Texas economy, and why we should be optimistic for Houston, the Energy Capital of the World, as it undergoes economic transition.
Ask Karl a question or book 1-1 time: https://experts.ihsmarkit.com/experts/kuykendall-karl
Send us your comments or questions at energycents@ihsmarkit.com.
Upstream Capital Cost Service (UCCS) Discussions is a new addition to the Upstream Perspective podcast. In these conversations, analysts from the UCCS will discuss some highlights from their latest research. This month’s conversation centers around the oil and gas labor market. In this episode, Upstream Cost & Technology experts Sheila Moore and Jeff Nitto will discuss changes they have seen in the labor market and what challenges workers might face in the future.
Ask Shelia a question or book 1-1 time: https://experts.ihsmarkit.com/experts/moore-sheila.
Natural gas has historically reduced CO2 emissions when displacing coal in power generation and remains a significant player in the global energy mix in 2050 in almost long-term planning scenario. However, the lower carbon fossil fuel isn’t wholly embraced by societies on a path to net zero. IHS Markit global gas expert Ed Kelly joins EnergyCents this week to discuss the complicated role of natural gas in a greening economy, and why we should expect the fuel to be a key contributor to meeting energy demand going forward.
Book 1-1 time or ask Ed a question: https://experts.ihsmarkit.com/experts/kelly-ed
Send us your comments or questions: energycents@ihsmarkit.com.
High-carbon imports into the European Union pose challenges to the EU reaching its net-zero ambition by 2050. A proposed Carbon Border Adjustment Mechanism, or CBAM, seeks to balance high-emitting industries’ cost competitiveness with carbon consciousness, and may provide a template for managing the cost of emissions in international trade. EnergyCents welcomes European Climate Policy expert Coralie Laurencin to walk us through the potential implications and timing of a CBAM, and highlight the myriad complexities of charting a course in cross-border regulation.
Have more questions? Ask Coralie a question or book 1-1 time: https://experts.ihsmarkit.com/experts/laurencin-coralie.
Send us your comments or questions: energycents@ihsmarkit.com.
The median first-quarter 2021 cash flow reinvestment rate for the oil-focused US E&Ps came in at an austere 43%, exceeding the expectations of many analysts. While one quarter does not make a trend, fiscal discipline is clearly a key focus of shale-sector executives to begin the year. EnergyCents welcomes IHS Markit shale-sector experts Andrew Byrne and Raoul LeBlanc to discuss the balance-sheet implications of first-quarter discipline, and how the sector is responding to investor demands for prudence.
Have more questions for our experts? Ask them a question or book 1-1 time: Raoul LeBlanc: https://experts.ihsmarkit.com/experts/leblanc-raoul Andrew Byrne: https://experts.ihsmarkit.com/experts/byrne-andrew
Send us your comments or questions: energycents@ihsmarkit.com.
Cleantech investors find themselves on a ‘Solar Coaster’ as equity volatility reflects the industry’s challenge of meeting fast-growing demand through disrupted supply chains. IHS Markit solar veterans Edurne Zoco and Cormac Gilligan join EnergyCents to discuss the confidence in PV demand despite current challenges, and when to expect relief from current tightness.
Have additional questions about the solar market? Ask our experts a question or book 1-1 time.
Edurne Zoco: https://experts.ihsmarkit.com/experts/zoco-edurne Cormac Gilligan: https://experts.ihsmarkit.com/experts/gilligan-cormac
IHS Markit expects annual spending on low-carbon Hydrogen production could increase to $50 billion (with a “b”) by 2030, from around $50 million (with an “m”) in 2020. Risks to realizing such growth include uncertainties around business models, industrial-sector commitments, and policy support. IHS Markit hydrogen experts Alex Klaessig and Julia Wainwright join EnergyCents this week to discuss their outlook for global hydrogen investment, as well as the strategic intent of countries and sectors that may drive advancements in the low-carbon fuel.
Have more questions? Ask our hydrogen experts a question or book 1-1 time with them: Alex Klaessig: https://experts.ihsmarkit.com/experts/klaessig-alex Julia Wainwright: https://experts.ihsmarkit.com/experts/wainwright-julia
Send us your podcast comments or questions: energycents@ihsmarkit.com.
Oil markets find themselves in a good place as North America shale producers show continued restraint, and OPEC+ manages its response to post-COVID demand to support prices in a $60-$75/bbl range. IHS Markit oil experts Karim Fawaz and Reed Olmstead return to EnergyCents to discuss updates to their most recent supply forecasts, and what to be watching as more onlookers consider the possibility of another commodity ‘Supercycle.’
Send your comments to us at energycents@ihsmarkit.com.
President Joseph Biden’s proactive commitment to low-carbon energy policy returns the United States to a leadership position within the international dialogue on climate. EnergyCents welcomes back IHS Markit Executive Director Peter Gardett to share his views on a Biden energy policy that prioritizes climate (or is it a climate policy that prioritizes energy?), and what to look for over the next six months as the United States readies itself for a “decisive decade”.
Send your comments or questions to us at energycents@ihsmarkit.com.
Specialized start-ups and diversified incumbents are in a race to develop next generation technology that will improve safety and performance of batteries used in electric vehicles. IHS Markit Batteries Expert Chloe Holzinger joins EnergyCents this week to provide an overview of the competitive landscape, and consider the evolving partnerships and rivalries among leading automakers and cell manufacturers.
Send your comments and questions: energycents@ihsmarkit.com
The fate of Nord Stream 2 remains an open question as strategic interests from the EU, US, and Russia influence the gas pipeline’s construction and potential in-service date: less than 200 km of pipelay remains to be completed. IHS Markit European Gas Market expert Laurent Ruseckas joins EnergyCents this week to discuss the current status of the Russia-to-Germany pipeline, and the potential role of natural gas in an evolving European energy market.
Send us your comments or questions: energycents@ihsmarkit.com.
US project-specific corporate renewables demand is projected to more than double to $17 billion over the next decade from less than $8 billion in 2021. IHS Markit’s Financial Advisory Lead Peter Gardett joins EnergyCents this week to discuss the trend, and consider the various financing structures that will enable a lower carbon future.
Send us your comments or question: energycents@ihsmarkit.com
Nearly all forms of renewable energy continue to attract investment as myriad technologies fight for market share amid a rapidly changing energy landscape. IHS Markit’s Head of Global Cleantech Research Eduard Sala de Vedruna joins EnergyCents this week to discuss the growth of global renewables, and consider differences in momentum by region and by technology.
Send us your comments or questions: energycents@ihsmarkit.com
Economic activity is set to rebound after 2020s COVID-induced lockdowns, and oil prices are up more than 30% since January in response. The prudence of a reorganized shale sector will be tested, as operators are asked to temper any supply-growth ambition. IHS Markit shale experts Reed Olmstead and Prescott Roach join EnergyCents to discuss the resilience of the sector, and share views on how committed the transformed sector is to its new identity.
Send us your comments and questions: energycents@ihsmarkit.com.
Barriers to entry rise for offshore wind projects as oil and gas majors and large-scale utilities partner and/or compete to win in one of renewable energy’s more consolidated sectors. IHS Markit Global Cleantech Research Analyst Andrei Utkin shares his observations with EnergyCents on the competitive environment for offshore wind, and how big of a role we should expect the sector to play in the future landscape of energy supply.
Send us your comments and questions: energycents@ihsmarkit.com.
The shale and solar sectors have profoundly disrupted their respective markets over the past decade. But each is expected to follow very different paths in the future. IHS Markit’s Raoul LeBlanc, an expert in shale, and Cormac Gilligan, an expert in solar, join EnergyCents to share their views on the two technologies’ paths thus far, and expectations for the future.
Send us your comments or questions: energycents@ihsmarkit.com
Texas suffered through an arctic blast during the week of 15 February 2021 that left millions without power after the Electric Reliability Council of Texas (ERCOT) was faced with dual challenges of a demand surge and power-supply shortfall. IHS Markit North American Power Market Research Directors Doug Giuffre, Mike Pickens, and Wade Shafer join EnergyCents to discuss the events in Texas, contrast with this summer’s weather-induced blackouts in California, and how we should be thinking about power markets going forward.
Send your comments to us: energycents@ihsmarkit.com
A dramatic recovery in price, over a relatively short amount of time, amidst a global-wide pandemic. The oil market is, once again, full of surprises. In this episode, Karim Fawaz quarterbacks a conversation about the strong conviction that has seemingly emerged in the market and how now it will be up to the fundamentals to prove the market right over the next few months.
Send us your comments or questions: energycents@ihsmarkit.com.
Institutional investors are showing renewed interest in energy-sector equities in 2021 across both traditional and low-carbon themes. IHS Markit Research Directors Michael Schpero and Brian Manalastas return to EnergyCents to discuss the trend in more detail, and share expectations for the future.
Send your comments and questions: energycents@ihsmarkit.com.
2020 served as a pivot point for the upstream industry; the Energy Transition has accelerated and operators and service companies will continue working towards decarbonizing their operations and supply chains. In this episode of Upstream In Perspective, Upstream Cost & Technology expert Prashanth Pillai discusses how the industry is doing in these efforts and how those results may be different for operators versus service companies.
Send your comments or questions to us at www.ihsmarkit.com/upstreampodcast.
Asia has stolen the spotlight this winter with record-breaking spot LNG prices to kick off the New Year. Even general market observers were distracted by the upside volatility with LNG cargo prices at one point in mid-January rising faster than Bitcoin. In this episode of EnergyCents, James Taverner and Simon Wood deliver valuable insight into the recent LNG market mania and discuss the Asian LNG market's journey to liquidity.
Send us your questions or comments: energycents@ihsmarkit.com.
Substantial demand for liquid fuels—and therefore a refining industry—is probable for the foreseeable future. However, the structure of the refinery, its feedstock sources, and its success factors could be quite different as successful companies pivot to a low-carbon supply business. In this episode of EnergyCents we are joined by Kurt Barrow, Vice President of Oil Markets, Midstream & Downstream, to discuss the challenges and opportunities facing the refining industry and share his thoughts on the most important things to watch in 2021.
Send us your comments or questions by emailing energycents@ihsmarkit.com.
Solar technologies, and renewable energy more broadly, have become mainstream as consumers seek low-carbon power supply. IHS Markit Research Director Sam Wilkinson joins EnergyCents to share his views on the trend, and expectations for the future.
Send your comments or questions to our podcast team via email at energycents@ihsmarkit.com.
EnergyCents Hosts Breanne Dougherty and Hill Vaden are joined by Producer Jessica Nelson on this year-end episode to consider lessons learned from podcasting in 2020, and share the three energy topics about which they are most excited to watch develop in 2021.
Have a topic you'd like us to cover in 2021? Submit it to our team at energycents@ihsmarkit.com
Following a year of surprises, IHS Markit Research Directors Doug Giuffre, Wade Shafer, and Patrick Luckow, discuss the learnings to be gained from 2020 power markets and disclose their 2021 things to watch, or not, list.
IHS Markit Upstream Research Directors Reed Olmstead and David Vaucher return to review the accuracy of their 2020 predictions for the Upstream sector, and share new predictions for the coming new year. We also quiz Reed and David on their favorite pop-culture hits of 2020 in this year-end episode.
Send your questions and comments to us via email to energycents@ihsmarkit.com.
Upstream oil & gas companies face increasingly complex strategic decisions as they seek to meet growing energy demand while at the same time maintaining capital discipline, reducing emissions and meeting investor expectations amid the energy transition. How are upstream companies responding to this challenge? Portfolio investments, adoption of new innovations and the digital transformation are all crucial factors in this ecosystem of changing energy demands and sources.
Hear more about the digital transformation within upstream energy at www.ihsmarkit.com/dx.
ExxonMobil announced plans in November to focus its upstream attention on three core growth positions in the US Permian Basin, Guyana, and Brazil. Tony Reinsch, IHS Markit senior advisor, shares his views on the announcement and what a concentration of growth from select basins and dominant operators means for the future of the Upstream sector.
Send your comments or questions to our podcast team at energycents@ihsmarkit.com.
With a rapid acceleration of countries around the world announcing net-zero targets, the conversation livens around which technologies will support these ambitions. Governments, utilities, and traditional energy players are all seemingly potential players in the rise of hydrogen, which provides a good foundation for the commodity becoming a great disruptor. Please listen to Catherine Robinson, IHS Markit’s Head of low-carbon gas research, give her take on how hydrogen fits into the energy future.
Send your comments or questions to our team at energycents@ihsmarkit.com.
The past two US presidencies have overseen surges in domestic oil production, market-share declines for coal, and exponential leaps in renewable technologies. How might the domestic energy landscape change under a Biden administration? IHS Markit Principal Analyst Justin Jacobs rejoins EnergyCents this week to share his views on the incoming administration’s energy priorities, the realities of those priorities, and how they may shape, or reshape, energy-investor portfolios.
Send your comments or feedback to our team: energycents@ihsmarkit.com.
Electric vehicles are emerging as an increasingly pivotal part of a more carbon conscious future. Fellipe Balieiro, who leads our Mobility and Energy Future service, joins EnergyCents this week to discuss how surging investment in EV technologies and expanded government policies are driving the industry’s evolution globally.
Send your comments and questions to us via email at energycents@ihsmarkit.com.
LNG markets are at a crossroads as oil producers remain under pressure, and political and financial support shifts toward lowest carbon alternative energies. IHS Markit Vice Presidents Michael Stoppard and Roger Diwan join EnergyCents this week to consider the players driving both markets, and the significance of recent events to the future of each market.
Send us your comments or questions by emailing energycents@ihsmarkit.com.
Upstream digitalization continues to make progress and accelerate but companies are struggling to deliver their goals of data democracy which is crucial to getting value from all available content and driving new workflows. In this installment, we explore the essential steps of ultimate data discoverability and accessibility and think about when the upstream industry might achieve these key stages of digital transformation.
Send us your comments or questions at www.ihsmarkit.com/upstreampodcast.
Many of the Oil and Gas industry’s largest companies are charting very different futures dependent on how each prioritizes low-carbon projects within their respective portfolios. Chris DeLucia, of IHS Markit’s Companies & Transactions research team, joins EnergyCents this week to share his views on the strategic imperatives shaping these companies, and what it means for a transitioning sector going forward.
Have a question or topic idea? Submit it to our team at energycents@ihsmarkit.com.
Chinese President Xi Jinping announced in September 2020 that China will strive to achieve net carbon neutrality by 2060. China is the world’s largest emitter of carbon globally, making the implications huge for the world’s environment, the economy, and the energy sector. Xizhou Zhou, IHS Markit Vice President of Power and Renewables, joins the podcast this week to share his views on the announcement and outlook for its implementation.
Send your comments, feedback or questions to our team at energycents@ihsmarkit.com.
Oil prices have hovered around $40/bbl for several weeks after extreme volatility led to negative prices in April 2020. Investors are watching OPEC+, the potential resiliency of North America shale, and a US presidential election for signs of what to expect from oil markets in 2021. Karim Fawaz and Raoul Leblanc return to EnergyCents this week to share their views on what to watch for.
The business round table statement from last year explicitly said that all companies should have a social purpose, not just the purpose of generating profits. The discussion cannot be ignored and ESG has emerged as an increasingly integral aspect of valuations. This prioritization has the potential to present as either a threat or opportunity to companies, energy companies in particular. A threat to those not adapting to it, and an opportunity for those who seize upon it. In this podcast we discuss emergent ESG trends and specific implications within the energy industry with Brian Matt and Roger Diwan.
California is viewed by many as the vanguard of a greening power sector, but hot summer weather forced CAISO's first stage three emergency since 2001. In part two of our conversation, we continue to discuss potential lessons from California’s experience with IHS Markit power experts, Wade Shafer and Doug Giuffre, including the future of batteries and new infrastructure projects.
For years, oil and gas companies have implemented technologies to move their businesses forward - increase efficiency, prioritize safety and lower costs - as part of the energy transition. This year COVID-19 accelerated that for many companies. So, where are energy companies in this transition? Our upstream technology and innovation research team joins the podcast to discuss.
Have feedback or a question? Send it to us at www.ihsmarkit.com/upstreampodcast.
Hot summer weather compelled the California Independent System Operator (CAISO) to impose blackouts on several hundred thousand customers in the middle of August 2020. These events marked CAISO’s first “Stage 3 Emergency” since the 2001 Energy crisis, and have attracted widespread attention as California is viewed by many as the vanguard of a greening power sector. In this two-part episode, we discuss potential lessons from California’s experience with IHS Markit power experts, Wade Shafer and Doug Giuffre.
After years of struggling, Guyana's oil and gas industry found success in 2015 with the Liza discovery. Since that discovery, the success rate continued - leading to more growth and spreading to Suriname. Our experts join the podcast to discuss the exploration and discovery process and what might be ahead. Have a question or topic you want our team to cover? Submit to us at www.ihsmarkit.com/upstreampodcast.
In part 2 of our conversation on scenario planning, Dr. Steven Knell walks through the various climate scenarios with our team. Join us as we finish the discussion of how COVID-19 has impacted the energy transition.
A global pandemic in 2020 introduced new variables to the potential timing and implications of a transitioning energy sector that increasingly prioritizes climate-change mitigation. In part one of a two-part topic, we discuss the value of scenario planning for uncertain futures and how COVID-19 has changed our experts’ expectations and assumptions.
The 2020 confluence of $0 commissions, stock-market volatility, and stay-at-home restrictions has led to a rising presence of retail investors in energy stocks. In this episode, we discuss reasons for the trend, and expectations going forward.
2020 is proving to be a tough year for oil and gas - no matter if its onshore or offshore activity. Low offshore activity, cost impacts and demand challenges have left the markets depressed. So, where will investments be made? Are there bright spots ahead? Our team of offshore and onshore experts discuss.
Two $10 billion gas-infrastructure deals may be leaving investors asking, “if it’s built, should we buy it?” as financial market participants seek relative cash-flow certainty in a low-rate environment. In this week’s episode, we consider with Michael Stoppard and Ed Kelly whether more infrastructure dollars may be on the prowl for other deals and where some of the transactional risks and opportunities may be going forward.
Chevron agreed on July 20, 2020, to acquire Noble Energy for $5 billion, or $10.38 per share. The announcement comes a bit more than a year after Chevron’s unsuccessful bid for Anadarko Petroleum, and will increase Chevron’s upstream presence in Global Gas and North America unconventionals. We discuss with IHS Markit experts the deal’s implications for the sector, and whether it signals a resurgence in Upstream M&A going forward.
After a chaotic start to 2020, perhaps we can say that the worst is behind us. Our North America onshore researchers discuss where there are signs of stabilization for 2020 onwards. Listen as they share recovery updates on the proppant, pressure pumping and upstream water segments.
Media and forecasters are increasingly making past-is-prologue comparisons between the 1970s and the coming 2020s, flagging potential parallels in pandemics, protests, and presidential campaigns. What can we learn from the 1970s as we consider energy markets in the coming decade?
IHS Markit’s Financial and Capital Markets Energy Research team discusses whether the rapid oil-price increase on the back of COVID-19 economic shutdowns has gotten overheated, and what near-term response to expect from North American producers.
Our Asia-Pacific upstream research team explores the future of Chinese national oil companies. Balancing energy security priorities with the oil and gas declines during this downturn could mean different strategies and priorities for China’s NOCs compared to the previous oil market crash. Learn more insights at www.ihsmarkit.com/energyblog.
The interconnectedness of the North America oil and gas industry means ripples are felt throughout the value chain. Our experts share the outlook for North America crude, financials and gas.
Learn more about the North America outlook at https://ihsmarkit.com/research-analysis/the-north-america-oil-and-gas-industry-enters-survival-mode-.html
From a global perspective, conventional exploration and discoveries are at the lowest level in seven decades. In many ways, the rise of unconventional resources has diverted investment away from conventional E&P. But, the interplay of peak oil demand, operator specialization and the energy transition continue to factor into exploration. What does the exploration future look like? Our experts Jerry Kepes and Keith King discuss on the podcast.
After falling to its lowest weighting in the S&P 500 and facing climate change headwinds, the state of energy investment may have hit crisis-level. How will E&P companies deliver growth? And, how does the financial community see the energy segment? Our financial and capital markets experts join the podcast to discuss.
Our experts take a walk down memory lane with us as we explore their 2019 expectations for upstream oil and gas markets. Plus, we play a fun upstream energy version of "Would you rather" - focused on what's ahead in 2020.
Offshore wind is seen by many as an emerging low-carbon opportunity where certain oil and gas firms can leverage competitive advantages from their established expertise in offshore projects. Rapidly falling costs, new technology and policy support have helped firms create value in offshore wind projects. But, is it a sustainable opportunity for offshore oil and gas companies?
Amid concerns of credibility, cash flows and carbon, investors are shying away from the oil and gas industry. What's behind investor apathy? And, how are E&P strategies changing? IHS Markit experts from our financial services and energy businesses take a look from both the investor and operator viewpoints.
Electric fracking promises a number of advantages including some cost reductions, noise reductions, emission reductions and more. So, what’s the downside? Why aren't more operators moving to electric fracking? Our cost & technology analyst, Jesus Ozuna, gives an overview.
IHS Markit recently estimated the US oilfield water management market to now be valued somewhere around $37.5 billion. That represents a 12% year-on-year market growth from 2018—mainly driven by water disposal and water hauling. On our recent podcast, our experts Paola Perez Pena and Prescott Roach give us an overview the market, including how the Permian Basin plays a part.
In part two of our podcast on low-carbon strategies, we explore how upstream oil and gas companies are balancing profitability of the various low carbon investments.
Can low-carbon be profitable? Chris DeLucia joins the podcast to discuss the value proposition of alternative businesses for oil and gas companies.
China’s contribution in the global economic growth has been unparalleled, with its economic rise mirroring an exponential demand growth for oil and gas resources. Upstream experts, Nick Sharma and Kunfeng Zhu, join the podcast to explain the prospects of shale and tight gas in China in the upcoming years.
The MSGBC, or Senegal, Basin off the coasts of Senegal and Mauritania in western Africa is one of the most exciting areas of frontier exploration in the world. To date, there have been 168 newfield wildcats drilled in the basin that have discovered approximately 9 Bboe of recoverable resources, with over half of the volumes discovered in Senegalese waters. Jerry Kepes joins us to provide an overview of geological attributes and activity in the basin, and he gives us an overview of how potential discoveries might impact the broader market and region.
Brazil, Mexico, and Guyana represent critical E&P hotspots within Latin America. Ford Tanner, an analyst covering oil and gas risk in Latin America, joins the podcast to share his views on the most important above-ground risks facing E&P investors.
The Permian and Appalachia, respectively, are widely recognized as the two lowest-cost US onshore oil and gas basins. One might expect similarities between the two plays. Instead, we are seeing operational leadership taking different trajectories. Our North America plays & basins experts join the podcast to discuss the strategies taken by pure plays and the majors in each of the plays.
2018 ended with proppant supply and demand peaking. This coupled with all-time highs in production provides for an interesting and challenging landscape for the proppant market in 2019 and beyond. Brandon Savisky joins the podcast to discuss what’s ahead.
Upstream M&A activity has seemed to focus on the Permian Basin over the past 18 months as operators sought entry and/or consolidation opportunities in North America’s most active oil growth play. What options are left for investors to easily and cheaply take over oil-weighted Permian pure-plays? Our experts discuss.
Oil and gas operators showed renewed confidence in 2018 as prices rose through September. Large North American E&P peer group data revealed share repurchases and dividend increases. But, did plunging oil prices in Q4 derail investment plans for 2019? Dan Pratt and Andrew Byrne from our companies and transactions team join the podcast to discuss the outlook for North American mergers and acquisition activities.
2018 was quite an interesting year for the oil and gas sector. In 2018, the US became the world’s top oil producer—in part to the boom we continue to see in the Permian. Upstream experts, Reed Olmstead and David Vaucher join the podcast to interpret recent oil news and preview what might be ahead for 2019. Find more energy expert insights at www.ihsmarkit.com/energyblog.
Upstream spending in the Middle East looks like it will continue to grow in the coming years. In this episode of Upstream in Perspective, Aje Singh Rihel from our upstream cost and technology team joins the podcast to discuss some of the cost and spending trends in the Middle East.
The transition toward a lower-carbon energy world puts traditional fossil-fuel based producers under growing pressure from shareholders and the general public. Chris DeLucia joins this episode to share how upstream oil and gas players around the world have responded.
Keith King offers some well analysis on the Atlantic Margin basins as Tullow and Chariot are poised to deliver key commercial tests offshore Namibia. What are initial results and what does it mean for the future of the Southwest African Coastal Basin? We discuss in this episode.
The 2014–17 downcycle has taken a toll especially on some producer governments that continue to struggle with its legacy. Many measures taken helped manage this near-term crisis, but with various degrees of pain to host governments. Our above-ground risk team explores this vulnerability to understand where countries have made changes to economic policy, political frameworks and hydrocarbon policies that have the potential to better insulate them against future price shocks. Our above-ground risk experts discuss on today’s episode.
For much of the oil and gas industry’s history, bigger was unquestionably better. But that truism has been displaced by a push towards specialization. Where companies once strived for breadth, in technologies and geography, they now compete against each other in narrower competitive bands in pursuit of a deeper, if more limited, set of skills to distinguish themselves. Our experts discuss on today’s episode.
What's the potential for capital investments in Latin America in the coming years? Carlos Rocha provides us with an overview of the region and how he expects it to fit into the global oil markets through 2030.
Decreased drilling in 2017 yielded the lowest discovery rate since the 1950s. But short-cycle opportunities could still be an option for some operators. What does previous E&P activity tell us about the future of exploration? Keith King shares his thoughts in today’s episode of Upstream in Perspective.
Optimism returned to the oil & gas industry in 2018. Operators continue to invest in the North Sea. Where does the North Sea fit in the oil & gas scene, and how much potential does it hold? Paul Markwell, Vice President of Upstream Insight at IHS Markit shares his thoughts on North Sea opportunities.
IHS Markit expects strong US natural gas supply growth to keep pace with end-use demand growth through 2020—primarily driven by Appalachia, Permian Basin, and Haynesville volumes. In this podcast episode, plays and basins experts Reed Olmstead and Imre Kugler share the economics and long-term outlook for production growth in North America.
In recent months, Alaska's North Slope has quietly been attracting oil investment and activity. Kareemah Mohamed gives us an overview of key players and opportunities for operators in the North Slope.
Alaska’s North Slope receives little attention give the focus on North America unconventionals. In recent months, the North Slope has quietly been attracting investment and activity. Kareemah Mohamed gives us an overview of the renewed oil interest on the North Slope. Part 1 of 2.
Commodity markets saw a surge in hedging by North American E&P companies in 2017. How are E&P companies using hedging strategies in 2018? We'll discuss key trends and what it means for US onshore activities with Paul O’Donnell.
Upstream mergers and acquisitions slowed during the second half of 2017. How are oil and gas companies integrating M&A into their corporate strategies in 2018 and beyond? And, where are key targets for buyers? Our companies and transactions experts discuss the global outlook and what's ahead for the market.
E&P organizations have dramatically reshaped their technology and innovation strategies over the past few years to better compete in a low-price environment. In this podcast, we’ll discuss current and evolving upstream technology trends and assess their broader industry implications with Judson Jacobs.
Hear what's trending in North American oil and gas basins so far in 2018. This podcast features an interview with IHS Markit plays & basins expert Imre Kugler.