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Commodity prices will continue to be highly volatile, in shorter cycles

At the World Energy Congress, a high-level discussion took place about OPEC’s new production ceiling, the motives behind it and the potential OPEC/non-OPEC collaborative effort in this direction. Public and private actors discussed the role of OPEC, the fundamentals of supply and demand, the acceleration of cycles and the need to invest in new projects.Patrick Pouyanné, Total’s Chief Executive Officer, …

Posted on 12 October 2016

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INTEGRATION KEY TO SECURING LATIN AMERICA’S ENERGY FUTURE

In a panel at the World Energy Congress in Istanbul, Ecuador’s Minister of Electricity and Renewable Energy Esteban Albornoz Vintimilla emphasised the need for a surplus of energy to adequately respond to natural disasters. “In Ecuador, we have very short periods of time for reconstruction. Electricity is absolutely crucial to react to natural disasters. We need to connect countries together to eliminate a

Posted on 12 October 2016

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LNG market set to expand

The sale of both coal and oil, LNG’s main competitors in the energy mix, have risen in 2016. Renewables are also expected to challenge gas as a leading source of tomorrow’s energy.

Posted on 12 October 2016

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Understanding and mitigating the risks of cyber attacks in the energy industry

When it comes to dealing with cyber threats to energy systems, companies not only struggle to assess the risk but also often fail to develop the in-house tools to understand their own response.

Posted on 11 October 2016

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Regulations must be developed properly to encourage renewables

Renewable energy makes up nearly around 30% of the world’s installed generation capacity, and and almost a quarter of electricity production. However, wind and solar, in part because of the challenges their variability poses to integration into the power grid, make up less than 5% of generated power.

Posted on 11 October 2016

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2016 Energy Trilemma Index ranking shows global energy sector shifting priorities towards more balanced energy mix

With 9 out of the top 10 countries being from Europe, the NEW 2016 Energy Trilemma Index shows that EU cooperation on long term policy contributes to regional Trilemma success. The Index provides a comparative ranking of 125 countries in terms of their ability to provide secure, affordable and environmentally sustainable energy systems. Find out now where you country ranks and how to improve its score!

Posted on 11 October 2016

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Regional Integration will secure Asia’s future

Regional integration could be a way to improve generation and transmission, as markets on the continent struggle to supply clean, affordable energy over vast distances and to high-demand centres. It could also increase resilience to the damage caused by extreme weather events.

Posted on 11 October 2016

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Natural Gas will be key to the energy mix

Natural gas will be the most likely substitute for coal as a future power generation feedstock according to BP’s CEO Bob Dudley

During his keynote address at the World Energy Congress in Istanbul, Turkey, Dudley said that current major projects in BP’s portfolio are natural gas including the Khazzan project in Oman, Tangguh in Indonesia, Shah Deniz in Azerbaijan as well as projects in Trinidad and Egypt.

Posted on 11 October 2016

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Challenges and opportunities as electricity actors enter new frontiers

Addressing market specifics and customer needs is a priority, and new technologies, particularly big data and smart solutions, have a prime role to play, representatives from global utilities companies agreed during a panel discussion at the 23rd World Energy Congress.

Posted on 11 October 2016

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A time of convergence and collaboration

A time of challenging oil prices has coincided with unprecedented cooperation among actors in the global energy industry, the secretary-general of OPEC said in Monday’s closing session of the World Energy Congress in Istanbul.

Posted on 11 October 2016

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