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Oil execs at World Petroleum Congress see global demand growing … – Western Wheel

CALGARY — Chief executives of the some of the world’s biggest fossil fuel companies are meeting in Canada this week, united in their stance that “peak oil” isn’t about to put them out of business anytime soon.

Against the backdrop of benchmark prices for West Texas Intermediate crude topping US$90 per barrel, the highest since November of last year, executives and government officials from around the world are gathering in Calgary for the 24th World Petroleum Congress.

The event is one of the largest oil-and-gas conferences in the world, and has not been held in Canada since 2000.

While the industry is under far greater pressure now than it was then to address its role in fueling climate change — 2022 was the hottest summer on record, according to climate scientists, and marred by wildfires and floods around the world — oil-and-gas leaders remain bullish on the future of their industry.

“Today if you ask me … I would see around 110 million barrels per day (of global oil production) in 2050,” said Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company, at a panel discussion during the conference Monday.

“It is growing, not declining.”

Nasser’s comments come just a week after the International Energy Agency predicted that world oil demand is forecast to grow to 101.8 million barrels per day by the end of this year, driven by resurgent Chinese demand.

That, combined with Russia’s invasion of Ukraine, which has disrupted energy markets worldwide is helping to keep fossil fuel prices high. In addition, Saudi Arabia and Russia recently agreed to extend their voluntary oil production cuts through the end of this year, leading to what the IEA calls a “substantial market deficit.”

But the IEA also predicted that demand for oil and gas will peak in 2030, as the transition to electric vehicles accelerates and countries intensify their efforts to restrict fossil-fuel driven climate change to 1.5 degrees Celsius of warming.

On Monday, Nasser said projections of “peak oil” are based on “unrealistic expectations.”

He warned that overestimating how quickly the world can transition to cleaner energy puts the welfare of many at risk, particularly in developing nations where expensive solutions aren’t feasible.

“A realistic time frame to achieve all of these things is important,” Nasser said.

“As we came out of COVID, people thought (energy) alternatives would fill the rise in demand. It didn’t. Prices went up significantly and impacted the whole globe.”

The theme of this year’s congress is the energy transition, and companies around the globe are using the conference to highlight what they’re doing to reduce emissions.

Carbon capture, usage and storage (CCUS) in particular is a major focus. In Canada, the Pathways Alliance — a consortium of the country’s major oilsands companies — have proposed building a massive carbon capture and storage network in northern Alberta at a cost of $16.5 billion.

Nasser said CCUS, which takes harmful carbon emissions from heavy industry and stores them safely underground, will be key to getting the world to net-zero by 2050.

But Darren Woods, CEO of U.S. oil giant Exxon Mobil, said the fossil fuel sector will continue to need government support to help it move the needle — whether that’s in the form of financial incentives for technology development, the development of carbon markets, or regulatory improvements to fast-track project construction.

“I think people underestimate the size of the global energy system and the challenge of moving from what we have today … to a new energy system,” Woods said in Calgary on Monday.

“We don’t have the technology today to solve this problem in an affordable way.”

Woods said Exxon will continue to invest in decarbonization, and added the cost of solutions such as CCUS will come down over time.

In the meantime, he said his company and others will continue to provide customers with the fossil fuel products necessary to meet demand. 

“There seems to be somewhat of this wishful thinking that we’ll flip a switch today and go to where we need to be tomorrow,” Woods said.

He added he believes the energy transition is going to be gradual enough that oil companies are not in danger of having the bottom fall out from under them.

“The nature of this is such that you will see this (peak oil) coming, long before it negatively impacts any oil company.”

This report by The Canadian Press was first published Sept. 18, 2023.

Amanda Stephenson, The Canadian Press



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Chandigarh Golf League season 2 to kick off today – Hindustan Times

By, Chandigarh

Sep 26, 2023 12:52 AM IST

A total of 378 players, split in 21 teams, are set to show their prowess over four weeks to clinch the for the winners’ trophy. The trophy comes with a cash prize of ₹12 lakh. The total prize money is set at ₹28 lakh.

If the organisers are to be believed, Chandigarh Golf League’s season two, that kicks off on Tuesday, is set to be far fiercer and more competitive.

Chandigarh Golf Club president Colonel HS Chahal (in blue turban) flanked by the club officials and the Chandigarh Golf League sponsors on Monday. (HT Photo)
Chandigarh Golf Club president Colonel HS Chahal (in blue turban) flanked by the club officials and the Chandigarh Golf League sponsors on Monday. (HT Photo)

A total of 378 players, split in 21 teams, are set to show their prowess over four weeks to clinch the for the winners’ trophy. The trophy comes with a cash prize of 12 lakh. The total prize money is set at 28 lakh.

The tournament will be played in a league-cum-knockout format. Last season, twenty teams participated in the tournament and Green Raptors are the new addition to the upcoming contest.

Addressing the media, Chandigarh Golf Club president, Colonel HS Chahal said, “Last year’s inaugural event was a huge success. It is the first time in any league that all 20 teams are returning for season two. This time, the teams started to prepare in anticipation. Together, we aim to create a legacy in the world of golf.” He added that the number of sponsors has also gone up, which is a testament to the tournament’s success. The club is also organising shingles disease awareness programmes on all match days.

The teams, which were given 10 owners’ picks, picked the remaining players during an auction held on August 18. The teams have 18 players each, including a female golfer.

The teams have been split in three groups for the round robin stage, with each team set to play all others in their group.

The top twelve will qualify for the Super 12, which will be played in a knockout format and will begin in third week of October. The top four teams will get a bye into the quarter finals, with four more joining them through the knockouts pre-quarterfinals.

Brandon de Souza, tournament director, said, “Franchise golf has taken off across the country and it is here to stay. We have seen successful editions conducted in Kolkata, Gurgaon, Hyderabad, Mumbai and even tier two cities like Lucknow and Jamshedpur. Chandigarh has shown the way in the north India with the success of first edition.”

Canam Raptors had clinched the first season with a 4-3 win over Punjab Aces.

The 21 teams are, Canam Raptors, Green Gators, Signature By KLV, Captain’s 18, Hunting Hawks, Sleepy Owl Chargers, Chandigarh Gladiators, Moksha Royals, Soaring Eagles, Empire, Netsmartz Tigers, Sultan of Swing, Fairway Comets, Partee Panthers, Swinging Samurai, Golf Masters, Pirates of the Greens, Tee Birds, Golf Ninjas, Punjab Aces and The Mulligans.

The tournament will conclude on October 22.

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world news

Chandigarh Golf League season 2 to kick off today – Hindustan Times

By, Chandigarh

Sep 26, 2023 12:52 AM IST

A total of 378 players, split in 21 teams, are set to show their prowess over four weeks to clinch the for the winners’ trophy. The trophy comes with a cash prize of ₹12 lakh. The total prize money is set at ₹28 lakh.

If the organisers are to be believed, Chandigarh Golf League’s season two, that kicks off on Tuesday, is set to be far fiercer and more competitive.

Chandigarh Golf Club president Colonel HS Chahal (in blue turban) flanked by the club officials and the Chandigarh Golf League sponsors on Monday. (HT Photo)
Chandigarh Golf Club president Colonel HS Chahal (in blue turban) flanked by the club officials and the Chandigarh Golf League sponsors on Monday. (HT Photo)

A total of 378 players, split in 21 teams, are set to show their prowess over four weeks to clinch the for the winners’ trophy. The trophy comes with a cash prize of 12 lakh. The total prize money is set at 28 lakh.

The tournament will be played in a league-cum-knockout format. Last season, twenty teams participated in the tournament and Green Raptors are the new addition to the upcoming contest.

Addressing the media, Chandigarh Golf Club president, Colonel HS Chahal said, “Last year’s inaugural event was a huge success. It is the first time in any league that all 20 teams are returning for season two. This time, the teams started to prepare in anticipation. Together, we aim to create a legacy in the world of golf.” He added that the number of sponsors has also gone up, which is a testament to the tournament’s success. The club is also organising shingles disease awareness programmes on all match days.

The teams, which were given 10 owners’ picks, picked the remaining players during an auction held on August 18. The teams have 18 players each, including a female golfer.

The teams have been split in three groups for the round robin stage, with each team set to play all others in their group.

The top twelve will qualify for the Super 12, which will be played in a knockout format and will begin in third week of October. The top four teams will get a bye into the quarter finals, with four more joining them through the knockouts pre-quarterfinals.

Brandon de Souza, tournament director, said, “Franchise golf has taken off across the country and it is here to stay. We have seen successful editions conducted in Kolkata, Gurgaon, Hyderabad, Mumbai and even tier two cities like Lucknow and Jamshedpur. Chandigarh has shown the way in the north India with the success of first edition.”

Canam Raptors had clinched the first season with a 4-3 win over Punjab Aces.

The 21 teams are, Canam Raptors, Green Gators, Signature By KLV, Captain’s 18, Hunting Hawks, Sleepy Owl Chargers, Chandigarh Gladiators, Moksha Royals, Soaring Eagles, Empire, Netsmartz Tigers, Sultan of Swing, Fairway Comets, Partee Panthers, Swinging Samurai, Golf Masters, Pirates of the Greens, Tee Birds, Golf Ninjas, Punjab Aces and The Mulligans.

The tournament will conclude on October 22.

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HHS Secretary Becerra and HHS Principals Statements on World … – HHS.gov

Cancer touches every American in some way, and is still the second leading cause of death in America. The President and First Lady reignited the Biden Cancer Moonshot to dramatically accelerate progress in the fight against cancer and mobilize a national effort to end cancer as we know it. 

In commemoration of World Cancer Research Day (WCRD), today, U.S. Department of Health and Human Services (HHS) Secretary Xavier Becerra and leaders from across HHS released the following statements in support of driving innovation for better patient outcomes, providing support to families navigating cancer, and advancing efforts to prevent more cancer diagnosis or detect them early when outcomes are best.

“Research is fundamental to the fight against cancer,” said Secretary Xavier Becerra. “On this World Cancer Research Day, we salute the progress made by scientists and researchers to eradicate cancer so people can lead longer and better lives. HHS stands with these essential workers against cancer and we affirm their vital and lifesaving work.”

“We can’t count cancer out until we count everyone in,” said Acting NIH Director Lawrence A. Tabak, D.D.S., Ph.D. “NIH is committed to research that advances equitable access to cancer care from prevention through survivorship to end cancer as we know it.”

“World Cancer Research Day unites the global community behind the goal to end cancer as we know it for every person facing cancer, and I am proud of the fact that the US National Cancer Plan, launched earlier this year, is committed to bringing the benefits of research to all patients, regardless of who they are or where they live,” said National Cancer Institute Director Monica Bertagnolli, M.D.

“The FDA is honored to join with the global cancer community to commemorate World Cancer Research Day. Furthering clinical research in every stage is critical to address the complexities that exist today in cancer treatment and advance the agency’s goal to develop and regulate medical products that are safe and effective,” said FDA Commissioner Robert M. Califf, M.D. “We will continue to do our part as a regulatory public health agency to ensure our efforts support greater innovation, increase the efficiency and inclusiveness of clinical research, foster collaboration with international regulatory agencies, and improve the delivery of cancer care for patients, including those historically under-represented in cancer clinical research.”

“On this World Cancer Research Day, we recognize the important need for research and early detection to reduce the burden of cancer and eliminate health disparities,” said CDC Director Mandy Cohen, M.D., M.P.H. “At CDC we work around the clock to help prevent cancer and increase survival rates.”

“With the renewal of the Cancer MoonshotSM program, the Biden-Harris Administration has refocused the nation’s effort to reduce the cancer death rate by at least 50 percent over the next 25 years. This goal is more than achievable due to breakthrough treatments and innovative technologies. This World Cancer Research Day, we are leading the CancerX innovation accelerator by building public-private partnerships and diverse coalitions to accelerate knowledge exchange, technology transfer, and real-world action to reduce the burden of cancer for everyone,” said ADM Rachel L. Levine, Assistant Secretary for Health. 

“Research funding is the lifeblood of our collective mission to conquer cancer. It is the spark that ignites innovation, the catalyst that drives progress, and the beacon of hope for countless lives affected by this formidable disease. With every dollar invested, we empower brilliant minds to push the boundaries of science and medicine, bringing us closer to early diagnoses, more effective treatments, and, ultimately, the elusive cure. Our commitment to funding research is not just an investment in science; it’s an investment in humanity’s future, where cancer is no longer a source of suffering but a conquered foe,” said Dr. Renee Wegrzyn, director of the Advanced Research Projects Agency for Health (ARPA-H).

The President and First Lady reignited the Biden Cancer Moonshot to mobilize a national effort to end cancer as we know it. By bringing together the federal government, health care providers, researchers, patients, caregivers, advocates, and the public and private sectors, the Cancer Moonshot is dramatically accelerating progress in the fight against cancer. The Cancer Moonshot is mobilizing efforts toward achieving two clear goals that the President and First Lady set: to prevent more than 4 million cancer deaths by 2047 and to improve the experience of people who are touched by cancer.

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