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Petroleum Economist is designed for industry professionals, our show stands out as the leading strategic audio platform that brings the dynamic world of hydrocarbons to your ears. Our episodes feature insightful discussions, exclusive interviews with subject matter experts, and in-depth analysis of the latest trends and developments shaping the global energy landscape.
25 Episodes
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The oil market is waiting for clarity on oil demand given a lack of consensus over the outlooks outside the big consumers and is asking questions over oil balances mainly with gasoline and diesel given the arrival of big refiners like Dangote and the impact on the rest of the downstream industry, says Commodity Context founder Rory Johnston in an interview with Petroleum Economist editor-in-chief Paul Hickin. He also highlights the market’s nagging doubts as to what price point OPEC+ is looking to defend at the end of Q3 when some of the cuts may be unwound and suggests it would be better for the oil market if the US worked in sync with OPEC+ to help provide stability via its limited but useful SPR tool.
Namibia’s oil output may reach the same scale as Guyana and could demonstrate to both Africa and the world the transformative power of oil, says African Energy Chamber’s executive chairman NJ Ayuk. In a conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Ayuk points out the crucial and growing role gas will play in meeting the continent’s energy security, affordability and sustainability needs, the importance of a sound fiscal and regulatory framework and the need to lure international investors rather than get trapped by resource nationalism. The African energy specialist also highlights the abundance of smaller yet significant hydrocarbon stories beyond the headline-grabbing Namibia across the region and the wealth of opportunities still to be explored.
In this episode of Energy Oracles, Simon Ferrie discusses the intricacies of the global oil market with Jim Burkhard, vice president of oil markets at S&P Global. Broadcasting from CERAWeek 2024, they analyse the diverging demand outlooks of OPEC and the IEA, the effects of OPEC+ supply constraints and the shifting dynamics of non-OPEC production. Insights into Russian oil flows, the impact of geopolitical events and the future of oil supply restraint are also covered, providing a comprehensive analysis of current trends and future projections in oil markets. Join us for a deep dive into these pressing issues affecting global energy policies and market dynamics.
In this episode of Energy Oracles, Stuart Penson, editor of Carbon Economist and Hydrogen Economist, is joined by Jeroen Van Hoof, Chair of the World Energy Council, Netherlands, and Chair of the 2024 World Energy Congress Organising Committee. They delve into the multifaceted challenges and opportunities of the energy transition in Europe, focusing on the pathways to achieving net zero. Jeroen shares insights from his extensive experience in the energy sector, discussing the current state of renewable energy projects, the role of policy and investment in accelerating change and the crucial need for infrastructural transformation to support new energy solutions like hydrogen. As Europe navigates its transition, the conversation highlights the intricate balance between technological advancements, policy frameworks and financial strategies essential for a sustainable energy future.
In this episode of "Energy Oracles," Stuart Penson converses with Dr. Angela Wilkinson, Secretary General & CEO of the World Energy Council, about the nuances of the energy transition. Dr. Wilkinson shares insights from her journey towards advocating for sustainable energy practices, covering the importance of addressing energy transitions with a holistic approach, focusing on decarbonisation, diversity and digitalisation. Highlighting the upcoming World Energy Congress in Rotterdam, Dr. Wilkinson stresses collaboration and human-centric stories as essential for achieving equitable energy systems globally. Tune in for a compelling dialogue on shaping a sustainable energy future.
In this episode, Simon Ferrie engages with David Fyfe, chief economist at Argus Media, in a deep dive into the current state and future outlook of the global oil markets amidst ongoing conflicts, economic sanctions and the unpredictable dynamics of supply and demand. They explore the significant divergences in OPEC and IEA demand outlooks, dissect the reasons behind slow demand growth and forecast the future of oil production cuts. Additionally, they delve into the ramifications of sanctions on Russia, Iran and Venezuela and the emerging significance of India in the global energy demand landscape.
Join Paul Hickin, Stuart Penson, and Simon Ferrie in this episode of Energy Oracles, as they dissect their findings from London International Energy Week. They discuss the complex world where oil, gas, and green energy intersect, highlighting the massive challenge and rapid expansion of renewables, despite rising emissions and energy demand. The conversation also covers the pivotal role of non-OPEC production growth, the reality check on hydrogen, and the intricacies of carbon pricing in driving the energy transition. Amidst the backdrop of geopolitical shifts and economic uncertainties, this episode offers a concise exploration of the key themes shaping the global energy agenda.
A pause on US LNG export approvals suggests gas will be ultimate political football ahead of the US elections. Petroleum Economist’s Editor-in-chief Paul Hickin and Seth Haskell a research analyst at Global Energy Infrastructure discuss the significant projects at risk from the move, how LNG fits into the energy trilemma debate for the US and who could be potential winners and losers.
COP28 was a ‘pragmatic’ step in the right direction as energy sustainability must work in tandem with security and even more importantly affordability, says Sara Vakhshouri, founder and president of SVB Energy International. In a conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Vakhshouri argues the solution to the trilemma relies on diversity of supply, allowing individual countries to follow their own transition path and ensuring decarbonization doesn’t come at the expense of other equally important energy imperatives.
With 35,000 professionals, across 60 countries, UK based Wood plc are one of the world’s leading consulting and engineering companies operating across Energy and Materials markets. Whilst ranked in top three engineering firms in Oil & Gas, Refining & Petrochemicals, 22% of their $5.5 billion revenues are now generated from sustainable solutions. In this episode of the Hexagon Digital Twin podcast series, we will be examining with Wood plc’s Mark Littleford, Engineering Systems and Information Management Department Manager, how they address the challenge of meeting the demands for digital twins from clients, the benefits that can be derived during the project phase, the role of standards and other aspects of how digital twins impact engineering contractors.
The deployment of CCS and CCUS globally is accelerating as it now widely acknowledged as one of the key technologies for achieving net-zero and the limiting of global warming to 1.5 degrees. Crucial to the performance of all carbon capture systems as the industry scales up is CO2 compression. Carbon Economist is delighted to host this exclusive podcast with MAN Energy Solutions to explore its unique range of technologies in this key area. With its unrivalled expertise and skills, MAN Energy Solutions offers modularised compression solutions for every capture technology, based on years of experience in the compression of dry and wet CO2 and over a million hours of operation in CCUS applications. The modules are engineered to reduce delivery and installation times, with their integrally geared technology delivering optimum performance in terms of both Opex and Capex.
With OPEC+ prepared to defend $75–80/bl and buyers adjusting to elevated prices, the oil market may have found a new Goldilocks price—one that is neither too hot nor too cold for producers and consumers alike. Ole Hansen, head of commodity research at Saxo Bank, tells Paul Hickin, editor-in-chief at Petroleum Economist, that while geopolitical risks could cause the market to spike, economic fundamentals and dormant supply are likely to keep prices capped in 2024.
Epic changes in the oil market have created unexpected crude and product flows, says Dave Ernsberger, head of market reporting and trading solutions at S&P Global Commodity Insights. In a conversation with Petroleum Economist’s Editor-in-chief, Paul Hickin, at APPEC in Singapore, Ernsberger highlights both the dislocations and adaptability, and explains the relationship between the physical and financial oil markets given the debate over the potential for a disconnect between them.
Harbour Energy is the largest independent oil and gas company operating on the UKCS and has interests in Indonesia, Vietnam, Mexico and Norway. The company has grown through mergers and acquisition of assets from other operators resulting in a diverse portfolio of engineering systems with variable information quality. In 2021, an initiative was launched to establish a digital twin solution covering their UK operated assets to enable value creation through the use of shared and collaborative platform for engineering, operational, and project data. In this episode of the Hexagon Digital Twin podcast series, we will be examining with Harbour Energy’s James Sitter, VP for Modifications and Project Services, and James Buchan, Technical Data Team Lead, the background for their digital twin initiative, what has been achieved to date and how the platform will now be actively used to ensure collaborative execution of sustaining engineering projects across the value chain and the business benefits expected. Plans to move beyond the digital twin towards achieving autonomy through a Smart Digital Reality will also be explored.
A lack of investment in oil and gas is a “serious problem” and the dangers and evidence are starting to build in recent years, warns the International Energy Forum’s Secretary General Joe McMonigle in a conversation with Petroleum Economist’s Editor-in-chief, Paul Hickin. The IEF stands in the eye of the storm bringing together key oil producers, consumers and policy makers in a bid for “progress over perfection” on the dual and interlinked challenge of the energy crisis and the climate crisis.
Is bigger necessarily better for OPEC? Is the challenge to the petrodollar’s supremacy credible? Is shale’s boom really over? And have peak demand arguments peaked? Anas Al-Hajji, an energy consultant who runs Energy Outlook Advisers and Arabic-language energy media and research platform Attaqa doesn’t pull his punches in this conversation with Petroleum Economist’s editor-in-chief, Paul Hickin as he takes on some of the biggest oil industry tropes.
While most digital twin implementations today are focused on operations and maintenance use cases, digital twins are increasingly being deployed during the planning, design, and execution phases of the facility life cycle. In this podcast, we will discuss how the digital twin platform ensures the handover of a high-quality digital twin for operations purposes and provides benefits during the project phase. Listen to our conversation to:Discover the value of incrementally building the digital twin from the conceptual design phase and adopting it as a platform for project collaboration across the stakeholder value chain.Learn about the increased transparency and visibility the digital twin provides for project progress, including 4D and 5D reporting.Explore how to leverage the digital twin to ensure operational readiness.
Was the Saudi Arabia 1 million b/d cut really a surprise? Or was the oil market just not paying close enough attention? Helima Croft, head of global commodity strategy at RBC Capital Markets, talks to with Petroleum Economist’s editor-in-chief Paul Hickin on why fears around the complicated Russia-Saudi Opec+ relationship are overdone, the consistent strategy by the Opec kingpin to create an oil price floor and why the Saudi lollipop is just as tasty as an Opec basement cookie.
How does the world resolve a climate crisis and an energy crisis at the same time? The International Energy Agency’s executive director, Fatih Birol, discusses the energy trilemma in an exclusive interview with Petroleum Economist’s editor-in-chief, Paul Hickin [in which these two football fans also talk about the risk of the energy industry scoring an own goal].
PE Live Podcast presents a new series, "Digital Twins - the Gateway to Autonomous Industrial Facilities", in association with Hexagon. The first episode, "Realizing the business value of Digital Twins", is hosted by Karolin Schaps, a regular contributor to Petroleum Economist, in conversation with Adrian Park, Vice President Pre-Sales - EMIA, Hexagon, and Hans Kouwer, Director Industry Consulting – EMIA, Hexagon.
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