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@PlattsOil: In this week's #PlattsMM Americas, presented by Nicole Baquerizo: • Cold weather, high demand pressure #gas #storage • Raging #power #demand set to decline late in week • #Container premiums fall ahead of LNY, Olympics • Bullish #coal, political tensions boost US #petcoke

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Conferences

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World Petrochemical Conference, Houston

World Petrochemical Conference, Houston

Global Power Markets, Las Vegas

Global Power Markets, Las Vegas

MPGC, Dubai

MPGC, Dubai

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Cutting Edge Insights From Key Events
London Stock Exchange market close celebration 2024

SP Global Commodity Insights rang the closing bells at the London Stock Exchange, in partnership with the Energy Institute, kicking off the London Energy Forum.For more coverage of the London Energy Forum, visit Conferences in Commodity Insights LIVE

High frequency and algo trades drive record volumes on EEX

Europe’s leading power exchange EEX is witnessing a fresh surge in activity on its platform, Business Development Manager Viviana Ciancibello tells SP Global Commodity Insights. Maturing power markets are attracting high frequency and algorithmic trading, while location spread trading is on the rise as participants seek to benefit from regional differences in wind and solar output.Viviana joined the speaker panel at the London Energy Forum 2024. Fore more coverage of the event, go to Conferences in Commodity Insights LIVE

World Nuclear Association director general discusses industry’s net zero ambitions

The director general of the World Nuclear Association, Dr. Sama Bilbao y Leon, discusses the global nuclear industry’s goal to triple its existing nuclear capacity by 2050, as well as the infrastructure issues impacting the global uranium mining and enrichment sectors.Dr. Bilbao y Leon was a speaker at the London Energy Forum 2024. Fore more coverage of the event, go to Conferences in Commodity Insights LIVE

London Energy Forum: Oil market tensions threaten ‘Goldilocks’ period of price stability

Rain brings relief ahead of Panama Canal's dry season

The Panama Canal Authority raised their vessel transits per day to 24 due to unexpected rain in December, and plan to keep it that way until April, the end of the country’s dry season. Jose Arango, Senior Analyst with the Strategic Planning Division of the Panama Canal Authority spoke with SP Global Commodity Insights LIVE about what’s to come, noting that the authority hopes to return to an average 36 vessel transits per day in May depending on water levels.Mr. Arango was a speaker at the Caribbean Energy Conference held in Panama from January 28-31st.

State Department deputy assistant secretary outlines biggest challenges to energy transition investment in the Caribbean

Chris Davy, deputy assistant secretary with the US Department of State’s Office of Energy Transformation, discusses the challenges to investing in the energy transition in the Caribbean and the resources developers are looking at to drive the transition away from fossil fuels.

Sustainability in focus at S&P Global Commodity Insights Aluminum Symposium

INTERVIEW: Upstream investments crucial for 'just transition' to cleaner fuels: Invenire Energy

India must keep investing in the upstream sector to ensure higher oil and gas production to avoid possible supply problems or volatile energy prices, as it embraces technologies that are more environment friendly, Mannish Mahesshwari, CEO of Invenire Energy, told S&P Global Commodity Insights."Flipping the lens to energy security, sustained under investment in upstream without substitutional capacity and substantial scale in clean and new energy could have far reaching consequences in the journey of just transition," Mahesshwari said on the sidelines of the India Energy Week in Goa.Most of assets of private equity backed Invenire are discovered fields in India that the company has acquired through secondary market purchases from other firms as well as through primary acquisitions directly from the government. The company also has assets in Indonesia and East Africa.The private upstream firm is looking to accelerate production of oil and gas from the discovered fields in its portfolio but has no plans to venture into exploration in the foreseeable future."We are putting our money where our mind is. As a company, our ability to understand the rocks and the molecules is relatively better than the electrons. We are investing in today's energy system, which is mainly oil and helping in phasing out coal with the help of low-carbon gas," Mahesshwari said.He said that the transition to a world of net zero is more certain today than envisaged in 2015, the year of the Paris Agreement. However, it is the uncertainty around the energy transition pace that adds complexity and risk for upstream projects. The upstream industry has been avoiding spending on projects that would either lock in heavy emissions for years to come or quickly turn into stranded assets.Right focus Invenire currently holds stakes in nine blocks in India. Out of these, four are discovered small fields (DSF) blocks -- one in Assam and three in Mumbai offshore -- comprising a total of about 100 million barrels equivalent of oil and gas. Invenire holds a 100% stake in the four DSF acreages.The company has a small production portfolio of about 12,000 b/d but has plans to boost that volume to 35,000 b/d by 2025.According to S&P Global, Invenire Energy's upstream plans show ambition and promise, considering the wider competitive landscape in India. The company's experience of operating in a tough post-2014 upstream period that saw oil prices slump will certainly influence its post-2023 growth ambitions.For assets outside India, the company might have plans to become a non-operator joint venture partner to take stakes in small-to-medium sized producing assets. The company's focus has been on monetizing discovered resources, having both operator and non-operator portfolios, S&P Global said. Besides India, Invenire has producing fields with 45.55% participating interest in a material acreage located in South Sumatra Basin in Indonesia."The upstream industry's main focus now is to deliver the supply required to meet demand. Most of the industry's oil and gas investment for the rest of this decade will target advantaged resources -- those with the lowest cost, least risk, and possibly lowest Scope 1 emissions. Beyond this decade, to meet demand, the industry will depend increasingly on late-life reserves growth from legacy supply sources." Mahesshwari said.Similar views Mahesshwari's views echoed comments made by state-run upstream producers ONGC Ltd. and Oil India Ltd. at the IEW conference.ONGC Ltd., which contributes about 74% of India's crude oil and around 63% of its natural gas production, has been actively looking to widen its upstream portfolio as it believes that oil and gas will be a major component of the country's energy mix for the next three decades, while pursuing new crude-to-chemicals projects to prepare for the changing energy landscape, its Chairperson Arun Kumar Singh told the conference.Oil India Ltd. is aiming to double its exploration acreage in the coming years and seeking partnerships to realize the hydrocarbon potential of offshore regions in Indian sedimentary basins, its Chairman and Managing Director Ranjit Rath said.Mahesshwari said that there is a need to take a balanced view of energy transition, adding that any shortfall in upstream investments can add to supply issues and volatile energy prices, as seen in recent years. While it's important to keep looking for opportunities to invest in low-carbon businesses, continuing to responsibly invest in the core upstream business will remain the priority for the company in the foreseeable future."The potential in carbon capture utilization and storage is enormous, and the oil and gas sector has unique skills that make it ideally placed to lead in reducing CO2 and methane emissions and decarbonize hard-to-abate sectors through carbon upcycling," Mahesshwari said.

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Commodity Insights Magazine

In the latest edition of Commodity Insights Magazine, our pricing, news and analytics teams focus on the forces shaping the future of energy.

Featured conferences and training

A trusted platform that convenes global industry leaders, market experts, financiers, government bodies, influencers and thought leaders for meaningful dialogue

WPC 2024: S&P Global's Mark Eramo on Navigating Industry Challenges and Positioning for the Next Upturn

Mark Eramo, SVP, Global Head of Fuels, Chemicals, and Resource Solutions, shares his view on the numerous challenges facing the industry over the next year, ahead of the annual gathering of the industry at WPC 2024 (Houston, TX, Mar 18-22).Whether it's the disruptive trade patterns, the oversupply in major markets causing low margins, or the volatile geopolitical scene heightening concerns around energy security, the industry is dealing with a tricky balancing act.Join Mark and other industry experts at WPC 2024 to learn more about how these factors will shape the industry as it pushes forward with the energy and material transition to achieve lower carbon, and sustainability goals.

CERA Week: The World's Premier Energy Conference

CERA Week: The World's Premier Energy Conference

Geneva Sugar Conference

April 17, 2024 | Geneva, SwitzerlandMaking our way back to Geneva in 2024 with both the Geneva Sugar Conference, we bring together leading sugar, biofuels growers, producers, traders and, buyers. Delivering first hand insights into the industry through innovative and interactive event formats, explore unrivalled networking opportunities. KNOW MORE

All Conferences
Caribbean Energy Conference

Convening organizations from across the hemisphere to discuss energy and electrification in the Caribbean for more than 20 years.

Platts Aluminum Symposium

The non-ferrous industry’s key moment in the calendar for the entire aluminum value chain.

London Energy Forum (LEF)

The curtain raiser for International Energy Week, LEF attracts the most influential energy trading participants, while providing critical insights to net-zero goals and key market trends.

World Petrochemical Conference (WPC)

Established in 1985, the World Petrochemical Conference is the premier assembly of industry leaders, global experts, and government officials convening for thought-provoking dialogue and in-depth discussion around the major strategic issues facing all aspects of the petrochemical industry.

FUJCON

Held biennially in Fujairah, FUJCON is the leading platform for the bunkering industry, convening key stakeholders to address critical market issues and shape the future of the sector.

Hydrogen Markets

Annual gathering for an array of executives to explore hydrogen's role in decarbonization.

Geneva Sugar Conference

For over a decade, the Geneva Sugar Conference has established itself as the premier gathering place for European sugar industry leaders. This event brings together producers, traders, and buyers to network, share insights, and navigate the complexities of the global sugar market.

Platts Global Power Markets

For close to 40 years this event has been a must-attend for power market investors and developers – where deals get done!

MPGC

For over 30 years, this event has been bringing together the most influential leaders in the Mideast O&G sectors.

Asia Coking Coal Conference

A key part of Singapore International Ferrous Week, this plays a pivotal role in APAC’s ferrous markets.

Carbon Management Conference

This inaugural event will assemble various communities from O&G, tech, finance and more, in pursuit of meaningful decarbonization across numerous sectors.

APPEC

Celebrating its 40th anniversary, APPEC has become the region’s most significant and prominent gathering in energy. The inherent prestige, influence and seniority of our APPEC community is the focal point for exchanging ideas and networking. The flagship event has expanded to include discourse on carbon management, hydrogen, shipping, petrochemicals and critical analysis of economic and geo-political impacts on global markets.

Financing US Power Conference

Annual conference gathering executives from finance, utilities and power generation to discuss direction of US power development.

Nodal Trader Conference

A must-attend for high-ranking government officials, investors, senior power traders, utility executives, regulators, ISOs and RTOs.

Asia LNG

This conference, held in conjunction with Singapore International Energy Week (SIEW), brings together LNG producers, traders, policymakers and buyers to navigate the evolving energy landscape and unlock new opportunities.

Global Carbon Markets Conference

A truly global community gathers to pave the way for the growing importance of voluntary carbon markets.

Platts Global Energy Awards (GEA)

The industry’s annual moment to celebrate its achievements and commitment to energy and chemicals at a black-tie gala in New York.