article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. The ReFuelEU Aviation policy sets a sustainable aviation fuel (SAF) blending mandate that increases from 2 percent in 2025 to 34 percent in 2040 and 70 percent in 2050. 3 Assuming a 4.3 percent in 2030 to 35.0 percent in 2050.

article thumbnail

Minister of environment resigns to pursue Key UN Climate Post

Egypt Oil & Gas

This appointment follows a distinguished national career as Minister of Environment from 2018 until her resignation was accepted. He underscored her commitment to aligning environmental priorities with industrial development—particularly the petroleum sector—achieving a delicate balance between sustainability and growth.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bridging the Data Gap: How Transfer Learning Revolutionizes Production Forecasting in Frontier Basins

Novi

As major North American unconventional plays approach maturity, the industry faces a critical challenge in sustaining production levels and reserve replacement. Four distinct chronological scenarios were established on January 1 of 2012, 2015, 2018, and 2021, creating experimental frameworks with progressively increasing data availability.

article thumbnail

Permian People: Movers and Shakers

Permian Basin Oil and Gas Magazine

I look forward to working with the team to scale operational capabilities and drive sustainable, long-term growth. Colette Hirstius Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, after seven years in her role, according to a May 5 announcement from Shell.

article thumbnail

Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (“UK MAR”).

article thumbnail

Review of fossil fuel subsidies stalls as Argentina ceased communication with Canada

Oil & Gas 360º

The review was first launched in 2018 as part of a G20 commitment to eliminate all “inefficient” subsides to the fossil fuel sector. I would not say that it had a lot of impact in phasing out subsidies,” said Jonas Kuehl, a policy adviser in the energy program at the International Institute for Sustainable Development. “It

article thumbnail

Unlocking Switzerland’s potential: The rise of online marketplaces

McKinsey

Since 2018, Switzerland’s e-commerce segment has outpaced those of its DACH peers (8 percent growth a year versus less than 5 percent for Austria and Germany), and its share of online transactions as a share of gross merchandise value is set to surpass that of Germany (Exhibit 3). 4 Euromonitor.

E&A