EnergyCents

This week on EnergyCents, Hill Vaden and Sam Humphreys speak with LNG pioneer Charif Souki about the extraordinary rise of the US from LNG importer to global export leader — and what that means for markets, infrastructure, and energy security. Souki pushes back on fears of an LNG glut, warns that the Permian gas bottleneck is becoming economically unsustainable, and argues that AI-driven power demand is forcing a fundamental rethink of how quickly the industry can build. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Carbon Measures represents a coalition of businesses working to reduce emissions by establishing a more accurate carbon accounting framework. Carbon Measures CEO Amy Brachio joins hosts Hill Vaden and Sam Humphreys from the sidelines of CERAWeek to discuss how applying financial accounting principles to emissions measurement can help align performance standards and help businesses differentiate their products. Learn more about Carbon Measures at: https://www.carbonmeasures.org/ Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

San Francisco-based UptimeAI develops agentic software that can diagnose root causes of problems discovered in the industrial processes of energy, chemicals, manufacturing and utilities sectors. The solution-seeking software then recommends corrective actions and uses continuous learnings to adapt over time. Uptime AI CEO Jagadish Gattu joins hosts Hill Vaden and Sam Humphreys from the sidelines of CERAWeek to discuss how venture-backed UptimeAI can expand its clients' profit margins by applying its agentic software and why the company is working toward an eventual IPO. Learn more about UptimeAI at: https://www.uptimeai.com/about/ Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Namibia has been in the headlines for its giant offshore discoveries, which have opened up a wealth of opportunities in the region. But in 2025, ReconAfrica made the country's first onshore discovery, persevering with an exploration campaign that proves that if you trust in the geology, you might just find what you're looking for. ReconAfrica CEO Brian Reinsborough joins hosts Hill Vaden and Sam Humphreys live at CERAWeek 2026 to discuss the company's upcoming production tests and future opportunities in Namibia and Angola.  Learn more about ReconAfrica at: https://www.reconafrica.com  Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

In the second installment of the CERAWeek x EnergyCents specials, the focus is on critical metals and the impact the world's geopolitical situation is having on the supply and demand cycle. Joining hosts Hill Vaden and Sam Humphreys live in Houston is a friend of the podcast, Nick Trickett, S&P Global Energy Capital Insights expert, who shares his take on the global metals market and what to look for in the coming months.  Learn more about CERAWeek at: https://www.ceraweek.com/en Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

CERAWeek anchored its 2026 theme around the title, "Convergence and Competition: Energy, Technology and Geopolitics," when the event hosted more than 12,000 participants in Houston this March. A palpable tension – unrelated to the energy event itself – also permeated this year's conference as travelers tried to time their departures for Houston's George Bush Intercontinental Airport with enough cushion to account for multi-hour TSA wait times. CERAWeek Executive Director Naki Mendoza joins hosts Hill Vaden and Sam Humphreys to discuss some of the biggest takeaways from CERAWeek 2026. Learn more about CERAWeek at: https://www.ceraweek.com/en Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Co-founder and CEO of Crux, Alfred Johnson, returns to EnergyCents and hosts Hill Vaden and Sam Humphreys to catch up on what has been happening in the US tax credit space since the introduction of the One Big Beautiful Bill Act at the end of 2025. The discuss the uncertanties companies have faced at the end of 2025 and how things are moving forward into 2026. Find out more about Crux at: https://www.cruxclimate.com Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Power Purchase Agreements, or PPAs, contractually guarantee revenues to power-generation projects for a fixed number of years and have underwriten the boom in renewable electricity development. The US tech sector dominated PPA activity in 2025 as it seeks to increase installed generation capacity in North America and maintains prior commitments to net-zero pledges. S&P Global Energy Experts Bruno Brunetti and Francis Browne join hosts Hill Vaden and Sam Humphreys to discuss recent trends in clean energy procurement and why market participants should expect evolution as the initial wave of PPA contracts rolls off and corporate buyers consider future commitments. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Unpack the next chapter of Argentina's energy story through the lens of Vaca Muerta, one of the world's most promising shale basins. In this episode, Argentina's Vice Minister of Energy and Mining Daniel Gonzalez joins hosts Hill Vaden and Sam Humphreys to explore recent the infrastructure build-out that is reshaping Argentina's ability to move hydrocarbons to market, the strategic openings for US shale players to bring capital, technology, and operational know-how, and the broader economic upside Vaca Muerta could unlock for Argentina's growth, exports, and fiscal stability. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Bloom Energy manufactures solid oxide fuel cell (SOFC) systems for on-site power generation projects and has been a major beneficiary of the US boom in data center development. Bloom's modular fuel cells produce power without combustion using pipeline-quality natural gas and offer developers the promise of being hydrogen-ready as that market develops. Bloom Energy Chief Commercial Officer Aman Joshi joins hosts Hill Vaden and Sam Humphreys to discuss how Bloom is navigating the boom in behind-the-meter power projects and why natural gas fuel cells may offer data center developers a compelling alternative to traditional gas-fired generation infrastructure. Learn more about Bloom Energy at: https://www.bloomenergy.com/ Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

The Canadian oil sands are making more than 3.5 million barrels per day and would be the major contributor to the Albertan government realizing its ambition of doubling provincial oil and gas production by 2035. S&P Global Energy Expert Kevin Birn joins hosts Hill Vaden and Sam Humphreys to discuss the current opportunity for Canadian oil sands as global oil demand outlooks are revised upward, US shale-sector inventory declines with each new well drilled, and Western policymakers prioritize energy security. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Europe moved its Carbon Border Adjustment Mechanism (CBAM) into its definitive phase in January 2026 after two years of emissions-data collection. The definitive phase now requires importers to begin paying for the carbon embedded into a select basket of goods – Iron and Steel, Aluminum, Cement, Fertilizers, Electricity, Hydrogen – when they are produced outside the reach of the EU's Emissions Trading System. S&P Global Energy Expert Max Mucenic joins hosts Hill Vaden and Sam Humphreys to discuss the financial liabilities accruing under this new phase of CBAM and consider potential impacts to the EU economy and its trade partners as payments come due. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Diversified Energy is a multi-basin US natural gas producer focused on growing itself through acquisitions of proved developed producing reserves.  In 2025, the company announced more than $2 billion in acquisitions, entered into a $2 billion capital partnership with Carlyle, and moved its primary listing to the New York Stock Exchange (NYSE) from the London Stock Exchange (LSE). Diversified Energy SVP of Investor Relations Doug Kris joins hosts Hill Vaden and Sam Humphreys to discuss Diversified's landmark year in 2025 and how the company has helped pioneer the use of hedged production and asset-backed securities (ABS) to finance its acquisitive growth strategy. Learn more about Diversified Energy at: https://www.div.energy/ Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Top Trends for 2026: Energy capital bets on AI-led power demand and positions for a cyclical oil surplus. AI will continue to be a dominant driver of energy capital flows in 2026 as growth investment pauses in amply supplied global oil and natural gas markets. These expectations and five more will direct the attention of energy investors over the coming year, according to S&P Global Energy's recently released report, "Top 2026 themes: AI's power crunch, LNG price pressure and the scramble for critical minerals." S&P Global Energy Expert Justin Jacobs joins hosts Hill Vaden and Sam Humphreys to discuss the top trends that will direct energy capital allocation in 2026. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Talking long-duration energy storage with the CEO of Inlyte Energy Inlyte Energy is a U.S.-based manufacturer of iron-sodium battery energy storage systems. The five-year-old company completed a successful test of its first field-ready battery late in 2025 and is preparing for a pilot installation in 2026 through a partnership with Southern Co.  Inlyte Energy CEO Antonio Baclig joins hosts Hill Vaden and Sam Humphreys to discuss the company's choice to focus on iron-sodium chemistry in its bid to commercialize long-duration energy storage (LDES) and how its use of abundant raw materials could help Inlyte to rebrand LDES as 'low-dollar energy storage'.  Learn more about Inlyte Energy at: https://inlyteenergy.com/ Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en  

The global upstream sector will navigate increased cost pressures this year as it faces a well-supplied oil market. This expectation and four other key trends will direct the attention of E&P executives over the next 12 months, according to S&P Global Energy's recently released report, "Charting the Future: Top 5 trends shaping Upstream in 2026." S&P Global Energy Expert Nick Sharma joins hosts Hill Vaden and Sam Humphreys to discuss his team's top five trends to watch in global upstream in 2026. Access the full report here: https://www.spglobal.com/energy/en/news-research/special-reports/upstream/upstream-themes-2026#lore… Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Africa is often discussed as a single entity, but the energy profiles differ widely between North Africa and Sub-Saharan Africa as well as within the 54 countries that define those regions. Much of North Africa, for example, enjoys universal access to electricity while 50% of the Sub-Saharan African population outside of South Africa does not. S&P Global Energy Experts Silvia Macri and Anastasia Pantazopoulou join hosts Hill Vaden and Sam Humphreys to discuss the challenges and opportunities for a resource abundant continent to address energy poverty in many of its less developed countries. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

Global solar installations slow after a record-setting 2025 as growth in the rest of the world fails to cover an expected 33% decline in annual additions by China. This expectation and nine other trends will help shape energy markets in 2026, according to the recently published S&P Global Energy Horizons Top Trends 2026 report. S&P Global Energy Expert Francesco d'Avack joins Hill Vaden and Sam Humphreys to highlight some of the key trends identified in the Top 10 report and offer his personal opinion on an 11th trend, which didn't make the list. Access the S&P Global Energy Horizons Top Trends 2026 report here:https://www.spglobal.com/energy/en/news-research/special-reports/energy-transition/horizons-top-cle… Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

We welcome back S&P Global Energy experts Reed Olmstead and David Vaucher for our annual year-in-review and resolutions episode. Hosts Sam Humphreys and Hill Vaden check in to consider some of the past year's biggest trends and offer market predictions and personal resolutions for 2026. Access prior year-end conversations with Reed and David here: 2024: Defying gravity: Energy soars in 2024 and will be Popular in 2025 2023: Holiday Special: Annual year-in-review and resolutions with Reed and David 2022: A year-in-review: Energy markets, Taylor Swift, and ESG 2021: Review and resolution: Shale sector activity in 2021 and 2022 2020: Mirror, mirror on the wall: Reflections on 2020 and predictions for 2021 2019: Would you rather: 2020 upstream predictions Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en  

Adaptation vs mitigation. The conversation continues to permeate global climate goal discussions as the world attempts to reach net zero. But with adaptation becoming more and more preferable, challenges on how to finance this remain. Peter Zaman, Partner at HFW, joins hosts Hill Vaden and Sam Humphreys to discuss where we stand on adaptation financing and the gap between the public and private sectors. Learn more about HFW at: https://www.hfw.com  Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en 

GreenFront Energy Partners, an investment bank based in Richmond, Va., is on a self-imposed mission to bring together the financial, intellectual, entrepreneurial, and natural resources to meaningfully decarbonize the global economy. The six-year-old firm caters to clients active in the energy-transition and offers services that include M&A advisory, capital raising, and corporate advisory. GreenFront Energy Partners co-founders Robert Birdsey, Adam Hahn, and Whit Wall join Hill Vaden and Sam Humphreys to discuss how the energy-transition-focused investment bank advised clients during a year of policy volatility and highlight some of the low-carbon themes that have the firm most excited for 2026. Learn more about GreenFront Energy Partners at: https://greenfrontenergy.com/ Learn more about S&P Global Energy coverage at: https://www.spglobal.com/commodityinsights/en

After a period of tightening natural gas supply since the Russia-Ukraine conflict, we are entering a time of oversupply, as more LNG hits the market.  S&P Global Energy Global Gas expert Laurent Ruseckas, joins Hill Vaden and Sam Humphreys to discuss the interesting dynamic between falling prices and the impact this has, as natural gas is being considered crucial to the energy expansion.  Learn more about S&P Global Energy coverage at: https://www.spglobal.com/commodity-insights/en

The opportunity for carbon capture technology is expanding as the role of natural gas in power generation grows in an emissions-constrained world. Ion Clean Energy, which includes Chevron, ExxonMobil, Williams, and Carbon Direct as investors, is working to address this opportunity with its proprietary absorbent technology. Tim Vail, CEO of Ion Clean Energy, joins Hill Vaden and Sam Humphreys to discuss the company's innovations in carbon capture technology and how the market opportunity continues to grow as power markets seek clean, firm, dispatchable generation. Learn more about Ion Clean Energy here: https://www.ioncleanenergy.com/ Learn more about S&P Global Energy at: https://www.spglobal.com/commodityinsights/en

Energy forecasters have long been calling for a near-term peak in global oil demand as year-over-year growth slows in the largest consumer markets of US, China, and Europe. These outlooks are being revisited as electric vehicle penetration underwhelms and the opportunity for petrochemical demand expands. Karim Fawaz, an S&P Global expert in global oil markets, joins Hill Vaden and Sam Humphreys to discuss why the outlook for annual oil consumption is increasingly muddled and what sectors will be most important to driving global demand going forward. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Earlier this year, New Zealand reversed a self-imposed ban on offshore oil and gas exploration begun in 2018 and is now allowing companies to apply for new licenses. Frankie Hulbert, an S&P Global expert in upstream exploration and development, joins Hill Vaden and Sam Humphreys to discuss how New Zealand's renewed interest in domestic natural gas supply led to the reversal and whether operators now have enough confidence in policy to commit to fresh exploration plans. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

The upstream industry has faced many challenges over the last few years, but global sentiment seems to be shifting. In an environment of rapidly evolving geopolitics and a continued demand for resources, we explore how the industry is responding to this changing landscape. Joining hosts Hill Vaden and Sam Humphreys this week is Dan Pratt, Global Head of Upstream Solutions at S&P Global Commodity Insights, to talk about the global appetite for upstream oil and gas, what countries are doing to attract investors and the role AI will have in the future of exploration.  Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

The maritime and shipping sector, which accounts for 80% of global trade and 3% of global greenhouse gas emissions, is under increasing pressure to decarbonize.  Dana Rodriguez, Programme Manager at The Decarb Hub, and Aroob Sheikh, Shipping and Freight Reporter at S&P Global, join hosts Hill Vaden and Sam Humphreys to discuss the steps being taken within the shipping industry to reach net zero, from retrofitting the existing fleet to dual fuel technology. Learn more about The Decarb Hub at: Accelerating decarbonisation in shipping | The Decarb Hub Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodity-insights/en 

ENGIE Impact works with corporate and industrial clients to manage their energy portfolios and make progress toward sustainability targets through the procurement of renewable energy. Rick Margolin, Director of Resource Optimization and Renewable Energy at ENGIE Impact, joins Hill Vaden and Sam Humphreys to discuss how industrial consumers can smooth volatility, reduce costs, and make progress toward sustainability goals by increasing the weight of renewable sources in their energy portfolios. Learn more about ENGIE Impact at: https://www.engieimpact.com/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

The One Big Beautiful Bill Act (OBBBA) was signed on July 4, 2025, and rewrote many of the rules associated with federal tax credits supporting low-carbon energy projects in the US. S&P Global Commodity Insights experts Anna Mosby and Conway Irwin join Hill Vaden and Sam Humphreys to discuss how the OBBBA may influence the development of various energy technologies and when these new rules take effect. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Rich Africa Consultancy is a strategic advisory firm based in Namibia, specializing in natural resources law, energy policy, and sustainable investment. Since 2011, it has guided governments and businesses in unlocking value from Africa's resource wealth through expert advice, ESG alignment and thought leadership.  Ndapwilapo Selma Shimutwikeni, founder and CEO of Rich Africa Consultancy, joins Hill Vaden and Sam Humphreys to discuss Namibia's transforming oil and gas landscape, as the country moves to first oil from its major discovery, and the role expectation management plays in achieving that milestone. Find out more about Rich Africa Consultancy 

Buildings in the United States account for about 40% of domestic energy demand and about 25% of greenhouse gas emissions. Increased electrification of buildings, particularly in heating, is core to policy makers realizing decarbonization ambitions. Julia Kim, a US power markets expert at S&P Global Commodity Insights, joins Hill Vaden and Sam Humphreys to discuss incentives behind US building electrification and explain how the pace of heat pump adoption will reflect regional differences in incumbent heat source and state-level policy. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Upstream operators in the Permian Basin have reduced emitted methane by 50%, or 29 million metric tons of CO2 equivalent, since 2022 according to overflight data.  Importantly, this reduction has occurred at the same time as oil production has grown and reflects an improvement in the methane intensity of Permian operations. Raoul LeBlanc, vice president of upstream at S&P Global Commodity Insights, joins Hill Vaden and Sam Humphreys to discuss how methane management is becoming a normal part of Permian operations and technology is shifting focus from 'find and fix' to 'predict and prevent.' Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Conduit Power is a Houston-based independent power producer and services platform working behind the meter to co-locate distributed gas-generation assets alongside the projects of its commercial and industrial customers. The three-year-old company, backed by Grey Rock Investment Partners, also works in front of the meter through a model that allows upstream producers in the Permian Basin to share in the upside of converting their low-value natural gas molecules to higher-value electricity. Travis Windholz, CFO at Conduit Power, joins Hill Vaden and Sam Humphreys to discuss how Conduit's modular dispatchable generation projects use natural gas to provide the reliable and fast-to-deploy power that its oilfield, data center, and other industrial clients require. Learn more about Conduit Power at: https://conduitpower.co/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Holtec International is an established company focused on nuclear energy technology, specializing in spent fuel storage, small modular reactors (SMRs), and nuclear plant decommissioning. Its Palisades Power Plant in Michigan was shut down in 2022 and is now in the final stages of restarting after becoming in 2025 the first nuclear plant in the US to return to operations from decommissioning. Patrick O'Brien, Director of Government Affairs and Communications at Holtec, joins Hill Vaden and Sam Humphreys to discuss how Holtec has transitioned from decommissioning nuclear power plants to restarting them, and how the company is on track to have its Palisades Plant in Michigan up and running later this year. Learn more about Holtec International at: https://holtecinternational.com/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Carbon Catalyst is a UK-based carbon capture & storage project developer focused on a portfolio of carbon transport and storage projects within the North Sea.  Nick Terrell, executive director of operations at Carbon Catalyst, joins Hill Vaden and Sam Humphreys to discuss how the pure-play carbon transport and storage company is working with partners to leverage depleted gas fields in North Sea in the development of its Poseidon and Orion CO2 sequestration projects. Learn more about Carbon Catalyst at: https://carboncatalyst.com/about-us/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Houston-based VoltaGrid is a portable energy infrastructure company that has deployed more than 1,500 MW of distributed natural gas generation capacity since its founding in 2021. Nathan Ough, VoltaGrid CEO, joins Hill Vaden and Sam Humphreys, to discuss how the fast-growing company has expanded beyond its initial focus on powering electric frac fleets in the oilfield to meeting the speed-to-power demands of energy-hungry datacenters. Learn more about VoltaGrid at: https://voltagrid.com/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

American Heat Engine invites readers to "buckle up and … take a road trip" as it embarks on a history of how hydrocarbon development and use has shaped the United States. Kent Williamson, author of American Heat Engine: Hydrocarbons and the Power of the United States, joins Hill Vaden and Sam Humphreys to discuss his motivation for writing the new book and how he's organized the narrative around 15 "strategic hydrocarbon bridges" that mark significant inflection points and transitions for American energy. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Ameresco designs, builds, owns, operates and maintains energy infrastructure with the stated goal of helping its customers reduce costs, enhance resilience and decarbonize operations. John Plack, Ameresco Senior Vice President of Engineering, joins Hill Vaden and Sam Humphreys to discuss why the cleantech integrator is turning its attention to geothermal and how it works with universities, hospitals and large-scale military housing to establish and expand the emerging technology. Learn more about Ameresco at: https://www.ameresco.com/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Crux is a Capital Markets platform, designed to streamline and modernize commercial workflows in the energy sector. Alfred Johnson, Crux's co-founder and CEO, joins Hill Vaden and Sam Humphreys to discuss the company's journey and the market intelligence offering customers can benefit from, so they not only facilitate transactions, but also offer insights into market behaviors. Learn more about Crux at: https://www.cruxclimate.com/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

San Francisco-based Halcyon is developing an AI-assisted search and information platform that aggregates and summarizes regulatory information that pertains to US power and gas markets. The sector-specific software is designed to improve workflows and decision-making by energy professionals.  Alex Klaessig, Halcyon Chief Data Officer, joins Hill Vaden and Sam Humphreys to discuss how his experience as an energy expert informs Halcyon product development and why domain specialization improves the user experience and generated results when working with artificial intelligence models. Learn more about Halcyon at: https://halcyon.io/about Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

London-based Pavegen makes triangular floor tiles that convert kinetic energy from human footsteps into electricity. The company's technology has been installed in places that include airports, schools, dance floors, and stadiums in more than 40 countries. Laurence Kemball-Cook, founder and CEO of Pavegen, joins Hill Vaden and Sam Humphreys to discuss the idea behind converting footsteps into renewable energy and how Pavegen is embarking on a fresh funding round as it positions itself for scale within the smart-city sector. Learn more about Pavegen at: https://www.pavegen.com/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Energy Recovery, with roots in the desalination industry, designs and manufactures energy-efficiency technology solutions to generate cost savings and support environmental sustainability for its global set of customers. Rodney Clemente, Energy Recovery Senior Vice President of Water, joins Hill Vaden and Sam Humphreys to discuss how the company is using its membrane-separation technologies to improve the energy intensity and economics of water desalination. Learn more about Energy Recovery at: https://energyrecovery.com/about/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Oxford Policy Management (OPM) is a global consultancy working across climate policy, finance, disaster risk, energy, and urban planning helping governments and communities build resilience and reduce emissions.  Katherine Cooke, Principal Consultant and Hub Lead for Climate Finance, and Apar Paudyal, Senior Consultant for Climate Resilience and Sustainability, join Hill Vaden and Sam Humphreys to discuss energy and climate financing and the challenges around raising funds relating to adaptation in every changing environmental landscape.

The United States in 2025 surpassed the technical milestone of more than one gigaton of CO2 injected due, in large part, to CO2's use in enhanced oil recovery (EOR) operations. Oilfield expert Derek Gonsuron joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss how EOR is helping to pioneer carbon capture and utilization technologies that can help mitigate the emissions from hard-to-abate sectors. Read more on the S&P Global Commodity Insights blog here: https://www.spglobal.com/commodity-insights/en/news-research/blog/energy-transition/050925-us-hits-gigaton-milestone-in-co2-injection Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

ENFRA, formerly Bernhard, provides energy-as-a-service solutions for customers in the healthcare, higher education, hospitality, and industrial market segments. ENFRA CEO Rob Guthrie joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss his experience leading the 106-year-old company through its rebranding to ENFRA and how its energy-as-a-service model helps health care and higher education customers focus on their core operations and worry less about managing their energy infrastructure. Learn more about ENFRA at: https://enfrasolutions.com/ Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Carbon differentiation allows market participants to assign value to the role of greenhouse gas emissions associated with an economy's goods and services. Carbon markets experts Kevin Birn and Jonty Rushforth join EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the evolution of differentiated carbon markets and how consistency in measurement and reporting can align participants' economic incentives with environment ambitions. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Annual coal use in U.S. power generation has declined since the early 2000s as plants retire and renewables and natural gas win market share. However, 2025 may pause or slow the trend, if only temporarily. Coal-markets expert Wendy Schallom joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss how two years of stockpile build and higher gas prices in 2025 have increased the near-term competitiveness of coal in U.S. power markets. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en 

The data-hungry upstream sector has been working with artificial intelligence for more than 40 years to, among other things, mitigate subsurface risks and predict production. Upstream expert Rachael Moreland joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the oil and gas industry's history with AI adoption and where in the upstream value chain she's most excited about the applications of modern innovation. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Global crude demand begins to peak in 2027 despite longer-term growth trajectories for both jet fuel and naphtha, according to the most recent update of S&P Global Commodity Insights' Annual Strategic Workbook covering oil markets. Oil and refined products experts Matt Andre and Shiva Gupta join EnergyCents hosts Hill Vaden and Sam Humphreys to discuss the key messages from their updated long-term global crude oil forecasts and how oil and refined products remain a meaningful part of global energy supply even after demand peaks. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

Lazard Inc. is one of the world's leading financial advisory and asset management firms. The company's Financial Advisory practice supports its clients on mergers and acquisitions, restructurings, debt and capital structure and capital raising. Its Asset Management segment provides a range investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Spiro Youakim, Lazard's Global Head of Natural Resources and co-head of European Energy and Renewables, joins EnergyCents hosts Hill Vaden and Sam Humphreys to discuss his role as an advisor at Lazard and share his growing optimism for the prospects of European energy companies after many years of underappreciation by the global investment community. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en