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Financial markets must play role in energy development

Markets must assist to encourage energy investments Governments need to fashion long-term energy policies to ensure financing MENA political turmoil could offset promise of cheap energy prices due to U.S. shale gas boom. Energy experts told delegates at the World Energy Congress Daegu 2013 that financial markets must assist to ensure investment in energy. Seethapathy […]

Posted on 15 October 2013

Shale gas and oil: Is it just a bubble?

The shale gas and oil boom has been an incredible phenomenon and has the potential to transform the oil and gas industry, the World Energy Congress was told on 15 October. Gérard Mestrallet, the Chairman & CEO of French utility company GDF Suez, said that he disagreed with suggestions that some of the claims regarding […]

Posted on 15 October 2013

What are the game changers?

Industry leaders say strategic innovation, high technology key to exploiting less conventional energy sources Strategic innovation and technological progress are key in changing the energy game Exploiting lesser-known conventional and unconventional energy deposits will involve risk Methane hydrate, deep water and arctic drilling, oil shale, and shale gas have potential Innovation, technology, and long-term commitment […]

Posted on 15 October 2013

The untapped hydro potential: Opportunities and risks

While it remains easier to build a coal plant than a hydro one due to social and environmental concerns, hydropower is enjoying something of a renaissance as large hydro projects seek to exploit the huge unused potential in Central Africa, Latin America, Russia and Canada. With only one third of achievable hydro potential developed to […]

Posted on 15 October 2013

Government guarantees needed to support energy investments

A total of $37 trillion is needed for energy investments by 2025, or roughly $1.5 of the $12 trillion in new capital that is raised every year, the World Energy Congress was told on 15 October. The solution to liberating the “ocean of capital” to finance energy projects is close collaboration among the science sector, […]

Posted on 15 October 2013

Renewables to impact market pricing

Advances in renewable resource technology pose a threat to the energy sector. In some European countries that have heavily invested in wind or solar plants, energy prices have been “driven through the floor”, said Philipp Gerbert, Senior Partner & Managing Director at the Boston Consulting Group. In response, he said, the low costs mean energy providers […]

Posted on 15 October 2013

US energy self-sufficiency poses challenges for Canadian exporters, overseas markets

US energy self-sufficiency, resulting from the shale gas and oil boom, could cause a potential rift in US-Canada relations, the World Energy Congress was told on 15 October. There were also indications of rising concern that an environmentally conscious and energy-rich United States may no longer be keen to commit to major infrastructure projects needed […]

Posted on 15 October 2013

Shale gas revolution impact may be limited in Asia

Panel participants said on 15 October that shale gas is a significant game changer, particularly in North America, but those in Asia who hope it will transform energy pricing are unlikely to be satisfied because the pace and scale of the shale gas revolution in North America will be difficult to replicate. China has vast […]

Posted on 15 October 2013

The other players: Independents and National Oil Companies

The resource ownership map has changed dramatically to the benefit of National Oil Companies (NOCs) and International Oil Companies (IOCs), speakers at the Daegu 2013 Congress said on 15 October. NOCs now control approximately 90% of the world’s oil reserves and 75% of production as well as many of the major infrastructure systems. In addition, an […]

Posted on 15 October 2013

Development banks need to focus on energy projects

The World Bank is too small for the scale of problems it needs to address, said Michael Eckhart, Managing Director & Global Head of Environmental Finance and Sustainability at Citigroup. “Why do we allow the World Bank to be so small? A friend at the World Bank said they are doing up to $30 billion […]

Posted on 15 October 2013

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