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Rebecca McKimm
China Programme Manager.
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Roberto Cingolani
Minister for Ecological Transition.
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The Implications of Oil and Gas Field Decline Rates Executive summary
Discussions on the future of oil and gas often overemphasise demand drivers and underappreciate supply drivers Debate over the future of oil and natural gas tends to focus on the outlook for demand, with much less consideration given to how the supply picture could develop. This asymmetry is misplaced and a thorough understanding of the rate at which production from existing oil and gas fields declines over time is more important than ever. The International Energy Agency (IEA) has long examined this issue. Decline rates – the annual rate at which production declines from an existing oil or gas field – underpin…
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Teresa Ribera Rodríguez
Executive Vice-President for Clean, Just and Competitive Transition. Teresa Ribera Rodríguez has served as Executive Vice-President for Clean, Just and Competitive Transition at the European Commission since December 2024. Her previous government roles include Spain's Minister of Ecological Transition and Demographic Challenge and State Secretary for Climate Change. Ms Ribera Rodríguez has also held senior roles at environment and sustainable development organisations around the world.
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Gas Market Lessons from the 2022-2023 Energy Crisis Introduction
Over the course of 2022 and 2023, the largest natural gas supply shock in history unfolded, developing from seemingly regional dynamics into a global shockwave in gas and wider energy markets. The crisis has yet to be entirely resolved in the 3 years that have since passed. However, the post-crisis gas market paradigm has started to emerge, making it possible to draw lessons from the most acute phase of the crisis that can be transposed from one region or market to another, or that can be achieved through collective action across the wider gas market. While gas dependency can…
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Energy and AI Understanding the energy-AI nexus
Artificial intelligence (AI) has a long history, dating back to at least the 1950s. Over time, it has seen a series of alternating periods of optimism and pessimism (so-called “AI winters”). In recent years, however, AI has been dramatically boosted by several developments and breakthroughs in techniques, costs and technology that have led to the rise of AI in its modern form that we are familiar with today, in particular generative AI. These developments include the massive increase in computing power and decline in cost due to exponential improvements in computing hardware performance; the exponential increase in the availability…
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Alejandra Bernal
Clean Energy Transition Programme Officer - Latin America.
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Energy and AI AI for energy optimisation and innovation
AI can help optimise complex energy systems The energy system is complex and evolving. It is becoming increasingly electrified, digitalised, connected and decentralised, with mounting cost pressures. These drivers have encouraged energy companies to deploy applications that utilise artificial intelligence to optimise systems, improve production, reduce costs, raise efficiency, improve uptime, cut emissions and enhance safety. Many of the desired goals of AI’s application in the energy sector – such as cost reductions, enhanced reliability and improved resilience – are challenging to quantify at a broader sectoral level, beyond the confines of individual case studies. It is also challenging to predict…
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Mafalda Silva
Former Statistics Manager.
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Omar Andrés Camacho
Minister of Mines and Energy, Colombia.
