Firms embracing digitalisation set to thrive
Climate change and regulatory intervention are combining to create unprecedented opportunities across the energy sector
The value of implementing digital technologies into businesses across the energy sector will intensify over the next decade—hastened by pledges to tackle climate change—participants in the afternoon session of IP Week heard yesterday. “New digital ecosystems that support carbon-neutral solutions will create billions of dollars, and in the longer-term create trillions of dollars,” says Sonia Van Ballaert, global client director at technology firm IBM Global Markets. The immediate priority for companies is to mitigate the effects of climate change on their operations. Data can be used to model or simulate business risks and lessen the impacts of catastrophic events, such as Hurricane Harvey i
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Growth in LNG supply will surpass the rise in demand in 2026 for the first time in years, according to Mike Fulwood, senior research fellow at the OIES, but lower prices are likely to encourage fuel switching and could create more demand on a permanent basis
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LNG’s technical maturity, availability and price, as well as regulation, have driven its rapid adoption as a marine fuel, yet its future in shipping will depend on transition policies and progress in cutting methane emissions and scaling bio- and synthetic LNG, according to Carlos Guerrero at Bureau Veritas
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With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
