AI and technology at the forefront of the energy transition

November was an exciting month at Energy Connects, kicking off with our team heading to Abu Dhabi for ADIPEC Exhibition and Conference 2024, where we explored the forefront of energy innovations. Mid-month, global leaders gathered in Baku, for COP29 Azerbaijan , where the Presidency unveiled the transformative Baku Finance Goal - a commitment to mobilise $1.3 trillion annually for climate finance and $1 trillion through carbon markets by 2050.

Technology and innovation were recurring themes this month. In exclusive interviews, Simon Flowers , Chairman and Chief Analyst at Wood Mackenzie , expanded on the challenges and opportunities in natural gas and LNG, noting the significant potential of AI, carbon capture, and white hydrogen in driving low-carbon energy solutions. Adding to this narrative, Peter Parry , Chairman of Global Energy and Natural Resources at Bain & Company , shared key trends for 2025, emphasising energy security, the transformative role of AI, and how companies are balancing production with decarbonization to achieve their net-zero goals.

Similarly, Athmane BENZERROUG , Chief Strategy, Transformation & Sustainability Officer of ADNOC Distribution , detailed how the company’s 20+ AI-driven initiatives are revolutionising its value chain, delivering record financial performance, and enhancing customer experiences. Saravan Penubarthi , CTO at AIQ , highlighted the evolution of AI and AIQ’s transformative collaboration with ADNOC, unveiling the world’s largest agentic AI project that cuts project timelines from months to minutes.

On the sustainability front, Balaji Krishnamurthy , Vice President at Chevron Technical Center, underscored the importance of methane reduction, carbon capture, and renewable fuels in achieving a balanced energy transition, highlighting the role of partnerships in delivering affordable, low-carbon energy solutions. Further to that Boston Consulting Group (BCG) ’s Martha Vasquez and Jaime Ruiz-Cabrero outlined a six-step roadmap for achieving near-zero methane emissions by 2030.

Complementing these industry insights, our columnist Robin Mills highlights how the break-even oil price highlights fiscal pressures for oil-exporting nations but oversimplifies their complex economic and energy transition challenges.

Landmark COP29 breakthrough delivers $1.3 trillion Baku Finance Goal

The COP29 Presidency of Azerbaijan announced the agreement of the Baku Finance Goal (BFG), a new commitment to channel $1.3 trillion of climate finance to the developing world each year. Success on the COP29 Presidency’s top priority for the UN Climate Summit represents a significant uplift from the previous climate finance goal of $100 billion and will unlock a new wave of global investment. Explore the achievements of COP29 during the UN climate summit.

Wood Mackenzie Chairman: Industry needs to pick up the pace on decarbonisation

In a wide-ranging Energy Connects Studio interview, Simon Flowers , Chairman and Chief Analyst at Wood Mackenzie discussed structural challenges that the natural gas and LNG industry need to overcome to keep the momentum going, and how the sector is progressing on decarbonisation. Watch the full interview to explore the potential of white hydrogen as a low-carbon energy source.

Developing a pragmatic blueprint for the energy transition

Peter Parry , Chairman, Global Energy and Natural Resources at Bain & Company , discussed the major themes and trends to look out for in 2025 when it comes to energy and natural resources – dominated by energy security and the critical role of AI. Gain insights into the trends shaping the energy and natural resources sector.

Achieving near-zero methane emissions: a roadmap for oil and gas companies

As the oil and gas industry rapidly grows, it is important to address its role in global methane emissions. According to the International Energy Agency (IEA) ’s "Net Zero by 2050 Roadmap," emissions from O&G operations must decline by over 75% by 2030. Explore how Boston Consulting Group (BCG) outlined a six-step roadmap for achieving near-zero methane emissions by 2030.

ADNOC Distribution embraces AI to transform the customer experience

In an exclusive interview with Energy Connects at ADIPEC 2024, Athmane BENZERROUG , Chief Strategy, Transformation & Sustainability Officer of ADNOC Distribution , highlighted how the company is harnessing over 20 AI-driven initiatives and digital technologies to transform its value chain and enhance the customer experience. Stay ahead of the curve by watching the full interview.

Pioneering progress: lessons in leadership from the UAE's AI innovations

Muqsit Ashraf , Chief Executive Accenture Strategy Global Management Committee of Accenture , shared his insights at the ADIPEC conference on how the UAE is leading in AI, highlighted by the launch of Falcon, a sovereign language model, and major investments in digital transformation. Discover why Muqsit believes embracing AI-driven innovation is key to staying competitive and driving growth and resilience.

AIQ transforms energy efficiency from months to minutes with agentic AI solutions

In an exclusive interview with Energy Connects, Saravan Penubarthi , Chief Technology Officer at AIQ , discussed the technological evolution of AI from model-based and generative to agentic iterations, and how AIQ is at the forefront of driving the transformation of global energy systems. Discover AIQ’s robust product development roadmap that is set to elevate industry standards.

Advanced technology paves the way for a balanced and sustainable energy transition

Balaji Krishnamurthy , Vice President at Chevron Technical Center, discussed the critical role of technology in achieving a balanced energy transition. He highlighted innovations in methane reduction, carbon capture, and renewable fuels, emphasising the role of partnerships in driving affordable, low-carbon energy solutions. Explore some of the hurdles in advancing technology in the energy industry.

SLB’s AI-driven Stream set to transform drilling for complex wells

Milena Arenas , Product Champion at SLB , discussed the latest launch of Stream, a high-speed intelligent telemetry designed to enhance drilling confidence and performance in complex wells. She explained how Stream combines AI algorithms with SLB’s TruLink survey-while-drilling service to overcome the limitations of traditional telemetry. Explore why Milena believes this technology will transform the industry.

A simple break-even oil price: real life is more complicated than that

Robin Mills , CEO of Qamar Energy , reveals in his exclusive column that the reality is far more complex. These figures go beyond budgetary thresholds, offering insights into OPEC policies, economic diversification, and the global energy transition. Discover how the growth of the non-oil sector broadens the potential tax base.

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