Geeta Thakorlal

ExxonMobil's recent acquisition of Pioneer Natural Resources for $64.5 billion marks a seismic shift in the energy sector, positioning ExxonMobil as a dominant force in the Permian Basin. While the merger promises increased production capacity and efficiency, it carries a heavy human cost—nearly 400 layoffs, primarily affecting Pioneer's workforce. As ExxonMobil expands its footprint, the need for operational excellence and talent retention becomes crucial. The layoffs serve as a poignant reminder of the complexities involved in corporate consolidation, raising questions about the balance between growth and workforce sustainability. As we move toward an era of increased energy production amid rising environmental scrutiny, the pressure is on for ExxonMobil to align its ambitious objectives with responsible practices. This acquisition isn't just about numbers—it's about people, communities, and the future of energy. Watch for how this unfolds in the coming years; it could redefine the industry's landscape.

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🌍 Energy Transition 2.0: A Call for Pragmatism 🌍 🚨 $100-200 Trillion Energy Transition: The Reality Check Executives Can't Ignore 🚨 The energy landscape has shifted, and as #executives, we need to take stock. Amin Nasser, CEO of aramco, made it clear at Singapore International Energy Week: the global energy transition is unworkable for much of the world. With projected costs of $100-200 trillion by 2050 and developing nations needing $6 trillion annually, it’s time for a course correction. 👓 So, what's changed? Regional Disparities: Wealthier nations are advancing with renewables, but Asia and the Global South remain heavily reliant on fossil fuels, and current strategies don’t fit their needs. High costs of capital in these regions further limit their transition. The Pace of Change: 84% of Asia’s energy still comes from fossil fuels. A rapid shift risks economic stability, so a gradual, realistic approach is needed. Traditional Energy’s Role: Nasser emphasized the evolving role of oil and gas. Investments in carbon capture (CCUS) and greater efficiency in traditional energy sources will bridge the gap as renewables scale up. 🔊 What’s needed? A Multi-speed Approach: Transition 2.0 recognizes that different regions must transition at different speeds, balancing energy security with climate goals. Leverage Existing Infrastructure: Oil and gas won’t disappear overnight. Let’s make them more sustainable with CCUS and emissions reduction technologies. Capital for Developing Nations: Financing the energy transition in developing nations is essential. Leaders must support public-private partnerships and more accessible international financing. Traditional energy isn’t the obstacle to progress - it’s part of the solution. By improving the carbon efficiency of oil and gas and integrating technological innovations, the traditional energy sector can drive the transition while ensuring global energy security. This pragmatic approach allows regions that depend on fossil fuels to move forward without sacrificing their growth and development. As energy executives, we must rethink how we allocate capital, where we focus innovation, and how we build inclusive strategies that work for everyone. Transition 2.0 is about finding balance, realism, and a pathway that considers every economy's reality. 🛑 #Executives, #leaders, and #policymakers: This is your moment to rethink the future of energy. Are you ready to embrace a transition that actually works for everyone? #EnergyTransition #Leadership #SIEW2024 #GlobalEnergy #Sustainability #TraditionalEnergy #CarbonCapture #Renewables #AsiaEnergy #ExecutiveLeadership #Innovation #BusinessDevelopment #OilandGas #OilfieldServices #Capital #EnergyBusiness #Aramco https://lnkd.in/g4Fxn4jm

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Our latest in the Working History series of Energy politics, Colin Campbell reminds us of the challenges that lie ahead in the future of Peak Oil. Little could he have imagined that the term Peak Oil would refer to peak oil demand… Regardless, any serious, policy inspired mismatch between supply and demand will have dire consequences. In memory of Colin Campbell. https://lnkd.in/g-2qyezk

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We must continue to be clear: demand for energy keeps rising, so hydrocarbons will continue to be an important part of the energy mix for decades to come. This means that efficiency is key. Consider this - if today’s oil and gas operations were 10% more efficient, we would save ~500 million tons of CO2 per year. That represents a contribution of 5% per year of the emissions reduction target of the Paris Agreement climate goals. What are some of the answers to resource efficiency and emissions abatement? Watch the video below to learn more. #WeAreBakerHughes #BakerHughes #Innovation #Energy #EnergyForward #EmissionsAbatement

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Following are some of the key insights given by Dr Fesharaki in this conversation- - Chinese oil demand is going to peak in next 3-4 years . - Lower prices for oil ~ $75/barrel likeky next year due to demand slowdown. -LNG spot prices could go down by 60% once the new tranche of LNG supply kicks in. This may lead to shut in of US supply and cause LNG prices to oscillate . -LNG demand may reach 700 mtpa and peak in 2040 . - LNG provides an insurance policy for countries making mistakes in shaping their energy mix and that’s what acts as a major positive for LNG growth .

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Seven Truths That Create The Fiscal Reality Of Turnaround, A.K.A -- Not a Side-of-the-desk undertaking. #operationalexcellence #executionexcellence #people #methodology #technology Advando

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Great episode of BlackRock BizShift with aramco CEO Amin Nasser on the emerging trends reshaping the future of the energy industry, and how the company is exploring new opportunities in the energy transition. https://lnkd.in/d49DhmmP

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You know that I believe we need the #oilandgas industry to energize the world while decarbonizing it, and my end goal is to have oil and gas leaders seated at the most important #energy and #climate policy tables. What a joy it has been to help lead the Real Decarbonization Consortium with Naomi Boness, Ph.D. and be able to create forums for the best and brightest to think, explore, and push one another to achieve our decarbonization goals!

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On OPEC+ & the oil market: ▪️Market sentiment, often narrative-driven rather than factual, influences pricing & investor decisions. ▪️The paper market, designed to stabilize the physical market is now heavily impacted by sentiment, distorting prices. ▪️OPEC+ has consistently provided supply-side certainty since COVID-19. ▪️Diverging views on fundamentals, particularly demand, complicate accurate market assessments. https://lnkd.in/etGN2ahu

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The Public Relations mileage of wanting to look so, so clean, has run out, as investors are rightly viewed as critical to a company's success. Good for BP to focus on shareholder value. This follows a similar scaling back by Shell of renewables projects, to focus on core business. Both can still pick up opportunities as they come up and pass proper tests rather than engaging for the pure purpose of getting their name out in the green press. https://lnkd.in/evADXPEw

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Simon Flowers covers the key takeaways of #COP29. - Can US$300B/year by 2035 unlock climate solutions? - Global carbon market framework finally agreed on after nine years of debate - Nuclear, hydrogen and CCUS: tech commitments for net zero Read the full breakdown now and subscribe to The Edge for weekly insights like this. https://okt.to/5mGiIj

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Collaborating for a Net-Zero Future: The Global Status of CCS 2024 is here! 🌎 The Global CCS Institute is proud to launch the latest edition of our flagship report, the Global Status of CCS 2024. This year's report highlights the crucial role of collaboration in accelerating the deployment of Carbon Capture and Storage (CCS) as a vital tool in the fight against climate change. Key Takeaways: 📌 Exponential growth in CCS: The global CCS pipeline has surged by 60% to 628 projects, with 50 facilities now operational and 44 under construction. 📌 Policy and legislation are driving deployment: Supportive policy frameworks, tax credits, and direct government initiatives are bolstering investment in CCS, particularly in North America and Europe. 📌 Collaboration is accelerating: Governments and companies are increasingly collaborating on transnational projects, regulatory frameworks, and research initiatives to overcome barriers and accelerate deployment. 📌 Focus on hard-to-abate sectors: CCS is gaining traction in decarbonising challenging sectors like cement, steel, and fertiliser production, playing a crucial role in achieving net-zero targets. 📌 Direct Air Capture (DAC) emerges: DAC, a technology for removing CO2 directly from the atmosphere, is experiencing rapid growth, driven by demand for high-quality carbon removal credits. Opportunities: 1️⃣ Emerging business models: Transport and storage as a service, cross-border value chains, and carbon hubs are creating new investment opportunities. 2️⃣ Carbon markets and voluntary credits: Growing demand for high-quality carbon removal credits presents a potential revenue stream for CCS projects. 3️⃣ Decarbonising baseload power: Increasing demand for dispatchable and reliable power sources presents an opportunity for CCS to play a vital role in decarbonising the power sector. 4️⃣ Enabling low-carbon fuels: CCS is essential for the production of low-carbon hydrogen, ammonia, and sustainable aviation fuels, crucial for decarbonising hard-to-abate sectors. 5️⃣ Supporting global climate goals: Collaboration on CCS is key to achieving national climate commitments and contributing to international decarbonisation efforts. The Global Status of CCS 2024 demonstrates the progress made in CCS deployment and the vital role it plays in achieving a net-zero future. #CCS #CCUS #Decarbonization #EnergyTransition #Collaboration #CarbonMarket #DAC

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Reuters nailed the importance of innovation to drive growth in a recent article featuring Chevron and breakthrough drilling tech that is unlocking billions of barrels of oil. As noted in the article, Chevron's success in ultra-high pressure oil production shows the power of prioritizing innovation to unlock growth across the organization. Quorum is a proud technology partner with Chevron as well, and we congratulate Chevron on these successes.   Find out more about how we leverage innovative ERP, planning, operational, and transactional applications to drive growth across the energy industry here: https://lnkd.in/gu26V2Dk.. To read the full Reuters article: https://lnkd.in/gKDWekkS   #Innovation #EnergyIndustry #OilandGas #DigitalTransformation 

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💡 bp is leading the way in clean hydrogen investments while returning to basics, balancing long-term sustainability with shareholder returns. Back to Basics with Strategic Focus: 💵 bp appears to be refocusing on its core strengths, emphasizing cash flow and shareholder returns, while selectively investing in high-impact projects like green hydrogen. Decarbonizing Refining Operations: 🛫 The green hydrogen plant at the Castellon refinery in Spain will decarbonize refining processes and meet SAF mandates, maintaining compliance and competitiveness. Strategic Investment in Oman: 🇴🇲 By acquiring a 49% stake in the Hyport Duqm project, bp positions itself as a leader in green hydrogen production, utilizing 2.7GW of wind and solar energy. Balancing Returns and Sustainable Transition: ⚖ bp prioritizes cash flow and returns while making strategic investments in clean energy, recognizing the long-term value beyond immediate profitability. 🔋 bp's approach combines a return to core business fundamentals with strategic clean hydrogen investments, paving the way for a sustainable future. #bp #CleanEnergy #Sustainability #EnergyTransition #GreenHydrogen #Investment https://lnkd.in/gSKUzWBE

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ExxonMobil expects robust #global #oildemand to continue through midcentury despite #energytransition pressures on #fossilfuels — and is attuning its #strategy accordingly. #corporatestrategy #oildemand #gassupply #earnings #lngprojects

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My new blog post, discussing cognitive biases in oil/gas exploration and how do I see the upcoming 'offshore bid round 2024' in Pakistan. May be I am naive, but Pakistan's offshore requires a different approach for further exploration, otherwise attracting foreign companies for offshore will be too difficult, if not impossible....

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This is an essential topic not just for one industry, but for all. We need consistent standards, and connected data and systems from operations to reporting. A common, integrated foundation is essential to trust, innovation and optimization.

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Navigating Profitability in the Energy Sector: The Path Forward word of wisdom from finance leader to executives The profitability of an energy PSU hinges on a complex interplay of factors that influence the bottom line, including crack refinery margins, marketing margins, inventory carrying costs, and the strategic location of refineries. Additionally, profitability is closely tied to market share, sourcing of crude, and the composition of the crude basket, product mix all of which are subject to geopolitical shifts and dynamic market conditions. One significant challenge is the competition posed by private refineries, which leverage their flexibility to adapt quickly to market opportunities. This often reshapes the market landscape, pressuring PSUs to be equally nimble while balancing public mandates with profitability goals. The Power of Team Synergy To succeed in this environment, teamwork across the corporation is essential. Each department—from refining to marketing, procurement, and logistics—must work in concert to create synergy that maximizes operational efficiency. When everyone contributes actively, aligning their efforts toward cost optimization and infrastructure building, the collective impact magnifies, fostering resilience and a competitive edge. Emphasizing Responsibility and Pride Every individual within this ecosystem plays a pivotal role. Recognizing their importance and fostering a sense of pride in their contributions builds commitment and responsibility. This culture of shared accountability strengthens our collective focus on cost control, process improvement, and market expansion, which are crucial to staying relevant and profitable. Our Dedication Defines the Future As we look to the next decade, our commitment to strategic planning and disciplined execution will define our path. By building on our strengths and adapting to market shifts with agility, we can sustain and grow our market share, setting the foundation for future success. With a unified approach, the energy PSU can not only enhance its profitability but also contribute to national energy security and economic growth. #oilindustry #energyofindia #energysector #spreadingsmiles

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