CERAWeek: Friday –Day 5: Last day; Angora-New technology, EVs, carbon capture, LNG
Petroleumworld 03 12 2018
Friday - Day 5
“CERAWeek by IHS Markit” has come to an end. It’s a long week with so much to do and take in.
A part of CERAWeek was the Agora, not previously mentioned. This was a section at the conference reserved for attendees to see and learn about the new technologies that will impact the energy industry. Some truly exiting and ground-breaking technologies that amazed.
The last day was a mix of everything. Oil and gas, power, renewables, technology and politics.
EVs (electrical vehicles) were a major theme and their impact on power generation and distribution. The demand for power will certainly grow because of EVs and one of the main question is how soon renewables will replace conventional thermal to power the grid. How the world will build a system to charge all these cars will also be a challenge.
This year’s theme was “Tipping Point: Strategies for a New Energy Future” and Sr VP of HIS Markit, James Rosenfield asked Dan Yergin: was it fun? It was stressful until the opening, but it was great from start to finish. His only regret was that there just wasn’t enough time to see everyone and go to all the presentations and do everything. Fortunately, there is always next year.
Besides EVs there were talks about the strong global economy and now the introduction of tariffs. Transitions in the business from short to long cycles and the use of carbon capture. Infrastructure and how to connect resources to the market especially using LNG.
There were many more interesting and thought-provoking presentations to benefit from. Some of those happened at the social events where you were able to meet and talk to everyone. From Ministers to CEO’s, Venture Capitalist to business developers to the most important people in the industry.
Among some of the closing speakers was the Mayor of the host city, Sylvester Turner. He reminded everyone of the tragedy of hurricane Harvey and how the city is still recovering but that Houston will come back stronger. Houston has hosted 37 CERAWeek’s and is proud to host many more. Houston is the Energy Capital of the world.
Besides CERAWeek, hopefully attendees were able to enjoy some of the rodeo and BBQ along with the fine dining in Houston.
Story Todd Peterson special correspondent from Petroleumworld
petroleumworld.com / 03 12 2018
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