{"id":3990,"date":"2024-01-10T09:00:11","date_gmt":"2024-01-10T17:00:11","guid":{"rendered":"https:\/\/xenetwork.org\/ets\/?post_type=xen_episodes&p=3990"},"modified":"2025-12-12T11:10:29","modified_gmt":"2025-12-12T19:10:29","slug":"episode-215-iea-new-oil-and-gas-outlook","status":"publish","type":"xen_episodes","link":"https:\/\/xenetwork.org\/ets\/episodes\/episode-215-iea-new-oil-and-gas-outlook\/","title":{"rendered":"[Episode #215] \u2013 IEA\u2019s New Oil & Gas Outlook"},"content":{"rendered":"

In December 2023, a landmark declaration emerged from the COP28 climate conference: For the first time, the world\u2019s climate delegates agreed that a global \"transition away\" from fossil fuels is essential. This historic pronouncement marked a significant shift in tone from previous climate conferences and formalized the energy transition as a global priority, underscoring the urgency of the climate crisis.<\/p>\n

But what are the implications for the oil and gas industry? To address this question we turn to the latest analysis from the International Energy Agency (IEA), which has some clear guidance about what must be done to prevent global warming from exceeding 1.5\u00b0C above pre-industrial temperatures.<\/p>\n

In November 2023, Chris traveled to the IEA\u2019s headquarters in Paris, France to discuss their perspectives with two of their lead modelers: Tim Gould, the co-head of the IEA\u2019s World Energy Outlook<\/em> reports who you\u2019ll remember from Episodes #148<\/a> and #171,<\/a> and Christophe McGlade, the Head of the IEA\u2019s Energy Supply Unit who you\u2019ll remember from Episode #166<\/a>.<\/p>\n

In this 98-minute conversation, we focus on the IEA\u2019s updated outlook for oil and gas, drawing on findings from their World Energy Outlook 2023<\/em>, their November 2023 oil market report, their updated Net Zero Roadmap, and a new groundbreaking report, The Oil and Gas Industry in Net Zero Transitions<\/em>. We explore how the energy transition is cutting into demand for oil and gas, and the serious implications for producers. We also show why the industry must pivot to working on energy transition solutions, or prepare for their own obsolescence.<\/p>\n","protected":false},"excerpt":{"rendered":"

How must the oil and gas industry prepare for the world to stop using their products entirely by 2050?<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[111],"tags":[1180,106,88,1153,118,28,261,675,1179,223],"class_list":["post-3990","xen_episodes","type-xen_episodes","status-publish","hentry","category-energy-transition-show-podcasts","tag-1180","tag-carbon-emissions","tag-ccs","tag-cop28","tag-e-bikes","tag-evs","tag-gas","tag-iea","tag-net-zero","tag-oil","xen_guests-christophe-mcglade","xen_guests-tim-gould"],"acf":[],"yoast_head":"\n[Episode #215] \u2013 IEA\u2019s New Oil & Gas Outlook | The Energy Transition Show<\/title>\n<meta name=\"description\" content=\"How must the oil and gas industry prepare for the world to stop using their products entirely by 2050?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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