STEVE HARLEY

Global President, Energy Sector at DHL | Future supply chains for global #energy industry | Energy #logistics in #Africa | Opinions are my own!

[STEVE HARLEY @HarleyDHL]

The leading three western wind turbine OEMs – Vestas, Siemens Gamesa and GE – are expected to boost their control in the global market to 60% by 2028, up from 47% in 2019, according to analyst Wood Mackenzie. How will this impact competition? https://t.co/EAo1jgfeJl #renewables

[STEVE HARLEY @HarleyDHL]

In a drive to help combat climate change the European Investment Bank will stop funding fossil fuel projects at the end of 2021. This will cut yearly investments by $2.2 billion. Is this withdrawal of investment a one off or the first of many? https://t.co/f36NmjXWaD #oilandgas

[STEVE HARLEY @HarleyDHL]

With the growth in US shale the power base in the oil and gas industry has shifted, but who ultimately controls what? This article gives a good assessment looking at who holds the oil reserves, who manages oil production and the role US Shale now plays. https://t.co/hhLJWCy2qC

[STEVE HARLEY @HarleyDHL]

An interesting interview with IMO's Edmund Hughes in Maritime Executive on IMO 2020 regs. The question for me: What economic impact will this regulation have across global markets? The answer: between $30bn and $60bn per year in additional fuel costs. https://t.co/YpT1lcfh5w

[STEVE HARLEY @HarleyDHL]

Great news - @Total SA’s giant Mozambique gas project will get a $400 million loan from the African Development Bank.
With a number of exciting projects in progress #Mozambique is set to become one of the largest exporters of #LNG - https://t.co/vBwaW3JMYB #oilandgas #dhlenergy

[STEVE HARLEY @HarleyDHL]

The United States posts first month in 70 years as a net petroleum exporter. We have all witnessed the growth of U.S. shale and seen how the U.S. is now a major player in the global oil industry. But this is a significant first - https://t.co/DMdVnd1QA8 #oilandgas #dhlenergy

[STEVE HARLEY @HarleyDHL]

Under pressure to streamline portfolios, move out of geographically unstable regions, adopt greater capital discipline and keep investors sweet amid climate concerns, the energy majors are selling assets worth $27.5bn. But who is buying? https://t.co/7osqjGfdC9 #oilandgas

[STEVE HARLEY @HarleyDHL]

With many of the energy majors investing heavily in Africa - there's excitement that Africa offers potential merger and acquisition deals for independents as these majors now look to offset previous investments by running large-scale asset sale programmes https://t.co/XXLVy9oQEs

[STEVE HARLEY @HarleyDHL]

South Africa took a step further towards investing in both solar & wind projects by identifying sites for development. For solar the areas are Emalahleni & Klerksdorp to the north-east and for wind Beaufort West. The challenge delivering these projects. https://t.co/cFhewPT6nz

[STEVE HARLEY @HarleyDHL]

It’s a provocative headline ‘Saudi Aramco flotation is a failure before it has even begun’. But from day 1 the flotation has been beset with problems. Regardless of how the IPO goes, Saudi Aramco will become the world’s most valuable company. https://t.co/tlT0CcVbld

[STEVE HARLEY @HarleyDHL]

With Brazil’s recent sale of oil deposits failing to get much interest from foreign bidders are we seeing the start of a decline in offshore investment or is Brazil just too expensive and unpredictable? https://t.co/5kNE7FvN5h #oilandgas #brazil #dhlenergy #logistics

[STEVE HARLEY @HarleyDHL]

As part of its strategy to expand further into renewable power @Shell has agreed to buy French offshore wind developer Eolfi SA. Eolfi has a foothold in one of the most developed markets for floating wind projects, in the shallow waters off France. https://t.co/YrduDfq4Hh

[STEVE HARLEY @HarleyDHL]

This article really resonates with me. Africa is competing in a global marketplace but all too often opportunities are missed and deals lost because Africa and its governments create barriers to investment and just don’t make decisions fast enough - https://t.co/YTRYh7dcxC

[STEVE HARLEY @HarleyDHL]

DHL's latest #energy market update shows Q3 was a challenging quarter for the #oilandgas industry. Brent crude prices fell almost 20% from an April peak and nearly all major energy companies reported drops in revenue and earnings. #DHL's infographic below reveals all. #DHLenergy

[STEVE HARLEY @HarleyDHL]

Oil and gas companies have discovered only 7.7bn barrels of oil equivalent year-to-date, according to @RystadEnergy. That means only 1 barrel in every 6 consumed is being replaced by new sources. The lowest replacement ratio in the last two decades https://t.co/aQNHfeL2v0

[STEVE HARLEY @HarleyDHL]

With major new discoveries in Ghana, Mozambique, Senegal, Kenya, Mauritania, Niger, Uganda and South Africa and reserves now totalling 128 billion barrels of oil, no wonder Africa is currently being seen as the No1 oil exploration hot spot for 2020 - https://t.co/25Kc1Jh2cq

[STEVE HARLEY @HarleyDHL]

In case you missed it, Jason Klein @Shell writes in DHL's latest Delivered. magazine about the energy transition strategies Shell is adopting in order to meet its stated ambition to reduce its global net carbon footprint by around 50% by 2050. A great read https://t.co/y7dRCvsF9P

[STEVE HARLEY @HarleyDHL]

#AI – something that is already revolutionising our lives. But how is it being deployed in the #energy sector and is it driving change, improving efficiency? This article looks at some interesting examples of how AI is being used to manage energy - https://t.co/ycn5QMZvOP

[STEVE HARLEY @HarleyDHL]

DHL’s latest Delivered. magazine features energy sector stories including Jason Klein from @Shell looking @ how the company is tackling the changing energy landscape and Jonathan Ward exploring the issue of combating climate change as energy demand rises - https://t.co/NdNFrZncQV

[STEVE HARLEY @HarleyDHL]

@exxonmobil to raise $5bn from selling Asia Pacific assets. The stand out comment from this article from @WoodMackenzie ‘the challenge facing the US operator is finding buyers in a market where oil majors have some $70 billion-worth of assets up for sale.’ https://t.co/KN5czgml8J