Latest news with #EnergyTransition
The Star
12 hours ago
- Business
- The Star
‘RON95 subsidy cut first'
KUALA LUMPUR: The government will prioritise the rationalisation of RON95 petrol subsidy this year before introducing a carbon tax in 2026, says Finance Minister II Datuk Seri Amir Hamzah Azizan. He said Malaysia must first address the issue of fuel subsidies, particularly those involving the energy sector, before implementing the carbon tax. The government had previously announced plans to roll out a carbon tax targeting the iron, steel and energy industries by 2026, as outlined in Budget 2025. 'As we embark on this transition, we must ensure that no unintended consequences are embedded within our system. 'For instance, Malaysia has yet to implement a carbon tax as part of its policy framework. While it is scheduled for rollout by 2026, there are important precursor steps we must take. 'One major issue is the existing distortions in the system, especially the subsidies provided to the energy sector. 'A key objective now is to begin scaling back these subsidies. It doesn't make sense to impose taxes on one side while simultaneously providing subsidies for petrol, diesel and other fuels.' ALSO READ: 'RON95 rationalisation to proceed' Amir Hamzah made these remarks during a session titled 'Delivering Malaysia's Energy Transition' where he was a panellist alongside Deputy Energy Transition and Water Transfor-mation Minister Akmal Nasrullah Mohd Nasir. The session was chaired by Tan Sri Abdul Wahid Omar, a senior independent and non-executive director of IOI Corporation Bhd, Bernama reported. He also emphasised that subsidy rationalisation is a critical step toward establishing a strong foundation for sustainable mechanisms and policy frameworks. 'As a result, we can expect the introduction of structured measures, including climate action frameworks, robust measurement tools and ultimately, the implementation of a carbon tax to support these initiatives. 'If we want this transition to be sustainable and impactful, the entire system must respond. It cannot be driven by isolated announcements or standalone policies. 'The challenge for the government is to tie everything together coherently and effectively,' Amir Hamzah added. On Monday, Prime Minister Datuk Seri Anwar Ibrahim said the adjustments involving the price of RON95 petrol would not affect 85% to 90% of the population. Anwar said the government's move towards subsidy rationalisation is a critical step to ensure national resources are channelled effectively to benefit the lower-income group.
Yahoo
18 hours ago
- Business
- Yahoo
Global energy transition picks up pace amid rising challenges: WEF report
The World Economic Forum (WEF) Energy Transition Index 2025 report has indicated that global progress towards secure, sustainable, and equitable energy is picking up pace after years of moderate improvements. However, significant challenges such as geopolitical tensions, investment shortfalls, and a widening gap between clean energy innovation and deployment in areas that need it most could offset the progress. The 'Fostering Effective Energy Transition 2025' report benchmarks the energy systems of 118 countries, evaluating them across security, sustainability, and equity dimensions. Their readiness in terms of political commitment, finance and investment, innovation, infrastructure, education and human capital will also be explored. Notably, 65% of countries have improved their scores on the Energy Transition Index, with 28% showing advancement across all core dimensions in 2025. While advanced economies face challenges with grid congestion, elevated energy prices, and supply chain constraints, regions such as Emerging Europe and Emerging Asia are experiencing progress, driven by specific policy reforms, improved infrastructure, and a surge in clean energy investments. The 2025 Energy Transition Index posted a 1.1% year-on-year improvement, marking the fastest growth since pre-Covid. Equity saw the most significant gains, attributed to stable energy prices and subsidy reductions, while sustainability benefited from a rise in renewable energy use and energy efficiency advancements. Energy security saw little change, hindered by rigid power systems, reliance on imports, and limited diversification. Despite a $2tn investment in clean energy last year, emissions reached a record 37.8 billion tonnes in the warmest year on record, with energy demand climbing by 2.2%, driven by AI, data centres, cooling, and electrification. Sweden, Finland, and Denmark lead the Energy Transition Index. Norway and Switzerland complete the top five while Austria, Latvia, and the Netherlands also performed well, particularly in equity, clean energy capital flows, and renewable energy capacity expansion. China achieved a record 12th place, attributed to its innovation and clean energy investment. Brazil led Latin America in 15th place, with greater energy diversification, lower prices, and increased clean energy use. The UK and the US placed 16th and 17th, respectively, with the US ranking first in energy security due to its diverse energy system and innovation. World Economic Forum Centre for Energy and Materials head Roberto Bocca said: 'Energy systems are evolving at varying speeds.' The report advocates for flexible policies that can draw in sustained capital investment, encourage collaboration, upgrade existing infrastructure, channel funds into workforce development and innovation, expand the deployment of clean technologies, and boost financial investment in the economies of developing nations. Emerging Europe showed the strongest gains, with Latvia scoring highest and Bosnia and Herzegovina growing the most. Emerging Asia is led by China and followed by Malaysia. Sub-Saharan Africa also made progress, with Nigeria climbing from 109th in 2016 to 61st in 2025, highlighting the impact of targeted reforms and localised transition strategies. "Global energy transition picks up pace amid rising challenges: WEF report" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
a day ago
- Business
- Yahoo
EnerCom Announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th Annual EnerCom Denver - The Energy Investment Conference
Register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies at Limited presentation opportunities remain for E&P, Midstream, OFS, Energy Transition, Nuclear and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase marketplace and brand awareness through EnerCom's multi-channel approach before, during, and after the event DENVER, June 19, 2025 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year's conference will occur August 17-20, 2025, at The Westin Denver Downtown. Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at The conference is free for qualified investment professionals. About Ron Gusek Ron Gusek is the CEO of Liberty Energy, after serving as President since November 2016. He joined the company in 2014 as VP of Technology and Development. With 25 years of experience in North American oil and gas, Ron has also gained international expertise through work in Asia, Russia, and the Middle East. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization. Ron holds a in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. Ron is a runner, cyclist, hiker, skier, and occasional adventure racer. Ron is a devoted husband to Jodi and a proud father to their two daughters. About Amerino Gatti Amerino Gatti is Executive Vice President of Oilfield Services & Equipment at Baker Hughes. He is responsible for leading approximately 33,000 employees and setting the value-creation strategies of the business. Gatti brings more than 30 years of experience in energy and industrial sectors. Prior to joining Baker Hughes, he served as Chief Executive Officer and Chairman of the Board of TEAM, Inc. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. Prior to joining TEAM, Gatti spent 25 years with oilfield services firm Schlumberger, holding a variety of leadership roles including Executive Officer and President of the Production Group. His roles also included President of Well Services, Vice President of the Production Group for North America, Vice President and General Manager for Qatar and Yemen, Global Vice President for Sand Management Services, and Vice President Marketing for North America. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024. Additionally, he serves on the Board of American Cancer Society, Greater Houston Area; co-chairman of the Men Wear Pink Campaign; and previously Board member of Junior Achievement; and co-Chair of the Easter Seals Walk with Me Executive Leadership Committee. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Companies interested in presenting can contact Larry Busnardo at lbusnardo@ Sponsorship opportunities are available by contacting Blanca Andrus at bandrus@ The presenting company lineup as of June 18, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. (NASDAQ: APA) Aureus Energy Services Baker Hughes (NASDAQ: BKR) Bayswater Exploration and Production Baytex Energy (TSX/NYSE: BTE) Berry Corporation (NASDAQ: BRY) Bison Oil & Gas BKV (NYSE: BKV) Blackbeard Operating CanCambria Energy (TSXV: CCEC; OTCQB: CCEYF) Deep Blue Water Deep Isolation Diversified Energy (NYSE: DEC) DNOW (NYSE: DNOW) Drilling Tools International (NASDAQ: DTI) EnerCom Eni SpA (NYSE: E) EOG Resources (NYSE: EOG) ESal Flotek Industries (NYSE: FTK) Fundare Resources Gondola Resources Gran Tierra Energy (TSX/NYSE: GTE) Granite Ridge Resources (NYSE: GRNT) Hemisphere Energy (TSX: HME; OTCQX: HMENF) Kelt Exploration (TSX: KEL) Kiwetinohk Energy (TSX: KEC) Koda Resources Liberty Energy (NYSE: LBRT) LOGOS Energy Mach Natural Resources (NYSE: MNR) Meren Energy (TSX: MER) NCS Multistage (NASDAQ: NCSM) New Era Helium (NASDAQ: NEHC) NuVista Energy (TSX: NVA) Oklo (NYSE: OKLO) Parex Resources (TSX: PXT; OTC: PARXF) Prairie Operating (NYSE: PROP) Precision Drilling (TSX: PD; NYSE: PDS) Prospera Energy (TSXV: PEI; OTC: GXRFF) Providence Energy ReconAfrica (TSXV: RECO; OTCQX: RECAF; NSX: REC; Frankfurt: 0XD) Renewell Energy Ring Energy (NYSE: REI) SandRidge Energy (NYSE: SD) Saturn Oil & Gas (TSX: SOIL; OTCQX: OILSF) Select Water Solutions (NYSE: WTTR) SM Energy (NYSE: SM) Solestiss Spartan Delta (TSX: SDE) Surge Energy America Tamarack Valley Energy (TSX: TVE) Tenaz Energy (TSX: TNZ) Teren Ubiterra U.S. Energy Development Corp. UpCurve Energy Valeura Energy (TSX: VLE) Verde Energy Solutions Vermilion Energy (TSX/NYSE: VET) Vitesse Energy (NYSE: VTS) Whitecap Resources (TSX: WCP) Zephyr Energy (AIM: ZPHR; OTCQB: ZPHRF) Companies continue to be added to the schedule daily. Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy value chain update investors on their operational and financial strategies and learn how they create value for stakeholders. Conference Dates: August 17–20, 2025. EnerCom will host its annual Charity Golf Tournament on Sunday, August 17th at the scenic Arrowhead Golf Club in Littleton, Colorado. Benefitting IN! Pathways to Inclusive Higher Education, the Golf Tournament requires a $150 charity donation to participate. Formal presentations and meetings will be held Monday, August 18th, through Wednesday, August 20th. Venue: Westin Denver Downtown. Please book rooms under the EnerCom Denver block. We encourage attendees to book their reservations as soon as possible, as rooms may sell out quickly. Who Attends the Conference: Institutional investors, family offices, high-net-worth investors, private equity, research analysts, retail brokers, trust officers, investment and commercial bankers, and energy industry professionals gather in Denver for the conference. Conference Format and Details: The EnerCom Denver conference follows EnerCom's familiar 25-minute presentation format, followed by 50-minute Q&A opportunities in separate breakout rooms, one-on-one meetings, and multiple networking opportunities. In addition to in-person access to all company presentations, panel discussions, and keynote speakers, conference registration allows investors and management teams to meet formally and informally over cocktails, breakfast, and lunch. About EnerCom, Inc.: Founded in 1994, EnerCom, Inc. has been a trusted advisor to the global energy industry, working with clients to differentiate and deliver targeted messages to investors. Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design. For more information about EnerCom and its services, please visit or call (303) 296-8834 to speak with one of our consultants. EnerCom Denver Sponsors Include: Netherland, Sewell & Associates, Inc. (NSAI) Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. Our team of more than 100 energy lawyers and landmen has been helping operators, lenders, and private equity firms with some of their most complex and significant transactions and disputes in recent years. The firm's nearly 700 lawyers practice across 19 global offices located in California, Colorado, Illinois, New York, North Carolina, Texas, Virginia, Washington, D.C., London, Mexico City, and Shanghai. The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. The U.S. News & World Report and Best Lawyers "Best Law Firms" 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law. IMA IMA Financial Group is an independent broker, defining the future of insurance through comprehensive and consultative risk and wealth management services. A majority employee-owned and managed company, its 2,300-plus associates in offices across the country are empowered by a shared mission to manage risk, protect assets, and make a difference. Petrie Partners Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry. The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities. Petrie clients benefit from the independent, conflict-free perspective and unwavering advocacy of their best interests that the team brings to every engagement. Vitesse Energy Vitesse is a Denver-based company focused on returning capital to stockholders through owning and acquiring predominantly non-operated working interests in oil and gas properties in the Williston Basin of North Dakota and Montana. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. Oil & Gas 360® The Media Sponsor of Enercom Denver, Oil & Gas 360® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc. The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact our industry. Oil & Gas 360 View original content to download multimedia: SOURCE EnerCom, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
a day ago
- Business
- India.com
Despite Being Fastest Growing Economy, India Has Met Green Energy Targets: Hardeep Puri
New Delhi: Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Thursday that despite being the fastest-growing major economy in the world, India is one of the first countries to complete the Paris commitments on green energy ahead of schedule. He highlighted that during the G7 outreach session on energy security in Canada, Prime Minister Narendra Modi discussed the major challenges like ensuring energy security for future generations and emphasised the need for all countries to work together on Energy Transition and move forward in the spirit of 'not me, but we'. Under the guidance of PM Modi, today almost all the houses in India are connected to electricity. India is counted among the countries with the lowest per-unit electricity cost, the minister said. "We are also moving fast towards the goal of Net Zero by 2070. Moving firmly towards the target of 500 GW renewable energy by 2030, India is emphasising on green hydrogen, nuclear energy, and ethanol blending for Clean Energy,' the minister said. In his address at the G-7 outreach session, PM Modi stressed that affordable, reliable, and sustainable energy remains India's top priority in an increasingly technology-driven world. "In the last century, we saw competition for energy. In this century, we will have to cooperate for technology. Moving forward on the fundamental principles of availability, accessibility, affordability, and acceptability, India has chosen the path of inclusive development," the Prime Minister said. He underscored India's clean energy initiatives such as the International Solar Alliance, Coalition for Disaster Resilient Infrastructure (CDRI), and the Global Biofuels Alliance. PM Modi noted that India has already fulfilled its Paris climate commitments ahead of schedule and is rapidly advancing toward its Net Zero target by 2070. "Currently, renewable energy accounts for around 50 per cent of our total installed capacity," he added. PM Modi also called for global cooperation to build governance frameworks around artificial intelligence that both encourage innovation and address emerging risks. 'AI itself is an energy-intensive technology. If there is any way to sustainably fulfil the energy requirements of a technology-driven society, it is through renewable energy," the Prime Minister had added.
The Star
2 days ago
- Business
- The Star
PETRONAS: Energy demand to rise in Asia-Pacific region amid AI-led industrial shift
Petroliam Nasional Bhd (PETRONAS) president and group chief executive officer (CEO) Tan Sri Tengku Muhammad Taufik Tengku Aziz speaking at Energy Asia 2025 KUALA LUMPUR: Energy demand in ASEAN and the Asia-Pacific region is expected to rise in the coming years, driven by the adoption of artificial intelligence (AI) under the Fifth Industrial Revolution, said Petroliam Nasional Bhd (PETRONAS). The growth in energy demand will also be fuelled by the perpetual hunger for growth, rightful justifiable pursuit of economic development, rapid urbanisation, growing middle income and the demographic within ASEAN and the Asia Pacific, PETRONAS president/group chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz said during the closing ceremony of Energy Asia 2025 conference here today. Tengku Muhammad Taufik said strong collaborations and purpose-driven partnerships are essential to navigating the evolving energy landscape. He added that both AI and energy are equally important to improve the energy ecosystem. "Looking at the energy ecosystem, it is indeed a more difficult prospect but probably even more facilitated because of AI. But, we believe AI will greatly and exponentially change energy systems once they are up and running," he added. Meanwhile, a total of 14 memoranda of understanding (MoUs) were signed during the three-day conference, which also featured seven roundtables and 11 launches, and welcomed 13,765 visitors. The Energy Asia 2025 conference, themed Delivering Asia's Energy Transition, attracted over 4,092 delegates. The biennial event will return as Energy Asia 2027, scheduled for June 2 to 7, 2027. - Bernama
