It was our privilege today to welcome Philippe Ducom, President of ExxonMobil Europe, for a discussion centered on Europe’s challenges regarding #energy #policy and overall economic competitiveness. Philippe has been with ExxonMobil for 37 years and began his career as an #engineer at the Notre-Dame de Gravenchon Chemical plant in Seine-Maritime. Over the years, he has held a variety of senior positions across #manufacturing, #business #analytics, #planning, #sales, and #marketing, working in #Europe, #Japan, the #UnitedStates, and #SaudiArabia. Before being appointed as President of ExxonMobil Europe in 2018, Philippe served as Chairman, CEO, and President of ExxonMobil Saudi Arabia and previously led ExxonMobil Japan as Lead Country Manager. We noticed Philippe’s post, “Red tape is driving investment out of Europe – and threatening the energy transition,” in October of last year and have been eager to discuss. We were thrilled to host Philippe and learn from his unique perspectives and outlook for Europe.
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💹 Eni is considering spinning off stakes in high-potential oil and gas projects in Indonesia and Ivory Coast 🔍 The strategy involves splitting operations into separate entities to raise money and attract specific investors 💼 Eni aims to focus more capital on low-carbon activities while still meeting demand for traditional products 🌍 The company has created separate units like Plenitude and Enilive to list for further financing and growth 💰 Eni plans to raise around 4 billion euros from listing or selling stakes in low-carbon satellites 📈 The strategy is aimed at showcasing the potential of early-stage businesses in renewables to investors 🛢️ Eni has spun out fossil fuel operations and recently combined its British North Sea operations with Ithaca Energy 💡 Eni's CEO mentions the possibility of listing bio-plastic maker Novamont as a new 'satellite' 📊 Analysts suggest that Eni's satellite model could potentially impact the company's share price #EnergyTransition https://lnkd.in/etDAWiSj
Eni eyes new oil and gas spin-offs in energy transition satellite strategy
reuters.com
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Why are Shell and ExxonMobil reluctant to invest more drastically in the energy transition? Recently, Shell even dialed back their emission targets... Christian Stadler discusses 'why' in his latest piece in Forbes: https://lnkd.in/gUKCcp6S Thank you, Christian, for this interesting piece and for featuring my research with Murat Tarakci in Organization Science on recruiting with social vision communication. #energytransition #oilandgas #research
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Of the more than 109 Bcm of #naturalgas Norway exported to Europe last year — enough to power Germany until 2026 — roughly two-thirds was marketed and sold by Equinor. Read more: https://ow.ly/Pm0l50RL0Ip #oilandgas #energysecurity
Equinor supporting European natural gas demand as region depends on Norwegian production, exports
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6 months ago, I arrived in Florence to prepare for the Baker Hughes Annual Meeting 2024. Our theme for the event was "energizing change," and 6 months later, that theme is more relevant than ever. There is an urgent, pressing need for radical transformation towards sustainable energy development across industrial sectors. Changing our energy ecosystem for the better is a monumental undertaking. It requires us to reduce emissions and raise efficiencies, while also delivering on energy security and affordability. We need to energize change this decade in order to meet our ambitious net-zero goals for 2030 and ultimately 2050. The latest reports by the International Energy Agency (IEA) and others have continued to prove it is needed. At the Annual Meeting, we asked global leaders what “energizing change” means for their organizations, and it is clear they recognize change not as a challenge, but as an opportunity. I invite you to watch this video as a reflection on our progress so far this year, and to let me know in the comments below what energizing change means to you. https://lnkd.in/eHCVsZ7j #BakerHughes #WeAreBakerHughes #EnergizingChange #BHAM2024 #EnergyTechnology #SustainableEnergyDevelopment
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We're excited to announce that the Baker Hughes University turns 20 this year 🎓! Its programs – dedicated to lifelong learning in the energy industry – are educating a wider and more diverse cohort than ever. As we move toward the energy transition to urgently address global emissions in line with the Paris Agreement, it’s not only about what we do and don’t do to achieve agreed targets. It is equally critical to elevate knowledge and add new skills for those working in the energy industry. Click on the link https://lnkd.in/gcpFzMjP to meet the team and read the full story. #EnergyTransition #EnergyTechnology #SustainableEnergy #ParisAgreement #WeAreBakerHughes #BHStories
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🌍 Navigating the Energy Transition: Gas Industry Analysis 🛢️ Excited to share my latest research on the dynamic gas industry, completed as part of my FINC 495 project at the University of Maryland Global Campus. This analysis delves into the financial and strategic positioning of leading players—ExxonMobil, Shell, and Chevron—against the backdrop of global energy transformation. 🔑 Key Takeaways: ExxonMobil: Leading with low debt, strong ROE, and innovative investments in carbon capture. Shell: Aggressively advancing renewable energy and green hydrogen projects. Chevron: Balancing operational efficiency with targeted low-carbon investments. The gas industry's role as a bridge to cleaner energy sources is undeniable, with growth opportunities in LNG and low-carbon technologies like biomethane and hydrogen. Yet, challenges such as price volatility and geopolitical risks remain. 📈 This deep dive has enriched my understanding of critical financial metrics and strategic insights necessary for evaluating companies in volatile industries. As we move toward a low-carbon future, identifying resilient and innovative leaders is more important than ever. 💡 Interested in learning more? Let’s connect and discuss! #Finance #FinancialAnalysis #DataAnalysis #GasIndustry
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Strategic Leadership Panel Announcement: Aligning Ambitions & Competencies for a Decarbonized Future Join Lorenzo Simonelli Peter Clarke Michael Lewis Kevin Gallagher Guido Brusco as they discuss innovative partnerships and models driving the decarbonization of our global energy system. Key topics: • Leveraging cross-sector expertise • Building partnerships across geographies • Sharing ideas for major emissions reductions • What will new business partnerships look like? How can we break down barriers and share risks and rewards for a sustainable future? Gastech is taking place in Houston, from 17-20 September, and is set to answer some of the world’s biggest questions on energy security, affordability, accessibility, and sustainability through its strategic conference. Book a delegate pass: https://lnkd.in/eFMSzp4E Baker Hughes ExxonMobil Uniper Santos Ltd Eni #Gastech #Hydrogen #Climatetech #AI
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[Part 1 - CANADA-USA ENERGY PARTNERSHIP] Thank you to Hudson Institute and Brigham McCown McCowan (Senior Fellow and Director, Initiative on American Energy Security) for inviting me to present at the North American Preeminence Forum in Washington DC yesterday. “The oil and natural gas industry’s relationship between Canada and the USA is far more than a simple economic relationship or trading partnership. Combined, Canada and the USA produce about 30 per cent of the world’s natural gas, and 25% per cent of the world’s oil -- and we are just scratching the surface of our collective continental potential as a global energy superpower. The Canada-USA energy partnership is highly correlated to our economic security, our national security, to our continental security, to western alliance security, and to our global geopolitical security. It underpins our hard and soft power on the world stage. We simply can't be naive about that. As such we must do absolutely everything in our power to protect and preserve this energy partnership, and grow our global energy superpower position.” – Lisa A. Baiton, CEO CAPP @Lisa Baiton @capp @hudsoninstitute @mli
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President, ExxonMobil Europe at ExxonMobil
1moThank you for hosting me on your podcast. Very constructive talk about the challenges that our industries face and why this is such a critical time for the EU. You can count on us to speak up on the issues we believe in. Let’s hope that policymakers show the political will to act - we need it.