What carbon capture needs to meet climate goals, capital allocation for oil and gas companies, solving issues with battery safety, and more.

What carbon capture needs to meet climate goals, capital allocation for oil and gas companies, solving issues with battery safety, and more.

What carbon capture needs to meet climate goals

That crucial role for CCUS means it has received widespread support both in the oil and gas industry and in the Biden administration. Wood Mackenzie held its annual CCUS conference in Houston this week, and there was discussion of several positive recent developments in the industry, including:

  • US Department of Energy's grants for pilot and demonstration projects for “transformative” carbon capture technologies.
  • ExxonMobil's plans to expand its storage capacity in the Gulf of Mexico.
  • The US's first ever CCUS tax equity financing deal.
  • Can the CCUS industry can grow at the pace needed to achieve the Paris climate goals?

Read about this and more in the latest edition of Energy Pulse.



The complexity of capital allocation for oil and gas companies

Oil and gas investment strategy started getting trickier after the Paris Agreement almost a decade ago. In recent years, the uncertain pace of the energy transition has added another layer of complexity, making annual planning decisions a bit like three-dimensional chess. How much capital to allocate to oil and gas versus building a sustainable business in low carbon for the longer term – all the while meeting the financial expectations of stakeholders?

How do we see 2025 shaping up for the 32 companies they’ve analysed spread across US Majors, EuroMajors, Emerging Majors and NOCs? Find out here.



The Interchange Recharged: How the energy industry is solving issues with battery safety

Guest host Sylvia Leyva Martinez, Principal Analyst at Wood Mackenzie, joins David Banmiller to explore the challenges and solutions to lithium-ion battery safety.

Key questions you’ll get answers to in this episode:

What are Siemens' Net Zero plans, and how are they addressing sustainability across their operations and supply chain? Andrew Tattersall, Industrial Vertical Market Lead for batteries at Siemens, discusses their' 2030 net-zero goals and outlines innovations like electric paint lines, and support for suppliers to achieve net zero by 2050.

How are battery safety concerns being addressed, particularly around thermal runaway events? Andrew and Dr Kai-Phillip Kairies, Co-Founder of Accure, discuss early detection systems and the role of data analytics in preventing safety incidents.

Listen to the full episode here , or wherever you usually get your podcasts.



Gridlock: the demand dilemma facing the US power industry

Can the US keep pace with electricity demand growth? Data centre development, a domestic manufacturing renaissance and wider electrification are putting the power industry under pressure.

“The last time the US electricity industry saw unexpected new demand growth like this was during World War II.”
“If utilities, along with regulators, don’t move more quickly to address large-load growth they’ll find themselves in the crosshairs of politicians and customers.”

This month’s Horizons looks at the scale of the challenge – and the prize up for grabs for the utilities and developers quickest to act. Read the complimentary report here.




Will the UK North Sea survive the government budget on 30th October?

The UK Government is set to announce their budget at the end of the month. Companies should be already aware of the EPL tax rate increase and the reduction of EPL capital allowances, but how else will the UK fiscal changes impact investment, production and competitiveness?

Register for our webinar on 31st October to hear our insight.

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