EGYPS 2023: The world needs to move faster on energy transition

The energy transition will reshape the GCC energy market and regional NOCs' look to absorb the cost of the energy transition, says Rawan Oueidat, Credit Analys at S&P Global Ratings

Oil and gas companies have an ongoing need to reinvent their organizations, in good times and bad – and especially during times of turmoil, says Silvia Rigato from Accenture’s Strategy & Consulting division.

The U.S. energy storage market installed a record 4.8 GW in 2022, with installations expected to reach almost 75 GW between 2023 to 2027, showed Wood Mackenzie and ACP’s latest U.S. Energy Storage Monitor report.

Offshore drilling activity will be strong in sub-Saharan Africa this year, with over 30 rigs confirmed to be active so far according to the Offshore Rigs Tracker released by the Caverton Offshore Support Group (COSG) and Hawilti.

The latest report by the Intergovernmental Panel on Climate Change (IPCC) highlights the urgent need for ambitious and transformative action on climate progress and put the world back on track to achieve the goals of the Paris Agreement, the COP28 Presidency has said.

Maintaining the delicate balance between sustainability, affordability, supply security and energy reality is the biggest challenge facing the global energy industry as it navigates the road to net zero