What does energy transition mean? What are we transitioning to? How and when will we get there? In hindsight, the energy transition movement means different things to different entities. To operators, the primary focus is to transform their business (influenced by regulations and legislative policies) by reducing their carbon emissions while also investing in cleaner low-carbon energy sources, such as geothermal and hydrogen. For service companies, it is another potential revenue stream by offering products and services oil and gas operators, as well as renewable power generation companies. For governments, it is defined as an essential need for energy diversification to achieve sustainable, self-sufficient solutions that are less impacted by socio-economic or geo-political factors, i.e., energy security. It is important to note that the ‘public’ understands what is driving this paradigm shift: technology, policy, and cultural change. The energy transition concept will be broken down as a current ‘buzzword’ and popular concept that is fettered by technology hype, political agendas, and/or financial influences that are attached to the term. Finally, light will be shined on how the industry’s previous institutional mindset has changed to a broad, open-minded desire to create a net-positive outcome using Environmental, Social, and Governance techniques. SPE Distinguished Lecturer: Bez Hoxha, CyberWorx Energy
SPE Live DL Series: What Does the Energy Transition Actually Mean for the..
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Leon Ng I think he will engage with Saudi Arabia and Russia, influencing oil prices based on political needs and this would be a push for higher U.S. oil and gas production through eased regulations and expanded access to federal lands. Also they may be a potential tariffs on imports, particularly from China, impacting trade relations and costs.
hi, from India
Hello, from Saudi Arabia
Hi from Cabo Verde which knows all about energy poverty and the sun provides some energy security.
Petroleum Engineer | Asset Integrity Engineer TRN
2dI always say transitioning away isn’t just about adopting renewables; it's about addressing the carbon footprint of production processes, the limited capacity of current infrastructure, and the pervasive role petroleum plays in everything from roads to phones to medical devices. Even if the world went fully electric tomorrow, we lack the transmission lines to support it. Building that infrastructure would take decades, while our 120-year reliance on petroleum-based systems continues to dominate. The real danger? Running out of petroleum before finding viable replacements. The demand driving this dependency is the core issue. It's not just about corporate decisions, our entire way of life is intertwined with fossil fuels. This is a wake-up call for urgent innovation and realistic planning for a sustainable future