Roger Diwan

S&P Global Commodity Insights

Vice President

Mr. Roger Diwan is a Vice President for S&P Global and heads a dedicated research team that provides integrated energy advisory to the financial sector. He has over 25 years of experience in advising financial institutions on strategies in the oil and gas markets, energy trends and companies’ strategy, with a renewed focus on the capital dimension of the energy transition. Mr. Diwan leads a team of analysts and strategists to advise over 150 Asset Managers, Hedge Funds and Private Equity firms by providing customized analysis on market developments for oil, gas, power, and renewables, with a focus on spending, company strategies and capital markets developments. He leads a multi-disciplinary research team dedicated to deliver energy insights and fundamental analysis to the financial community. Recently, his work has focused on the risks of under-investment for oil during the energy transition, the capital transition challenges that energy systems face in the next 10 years, but also all current energy geopolitical questions facing oil, gas and the manufacturing of renewables. Mr. Diwan holds a Bachelor of Arts from the Sorbonne University and master’s degrees from the Institut d’Etudes Politiques of Paris and the Johns Hopkins University School of Advanced International Studies in Washington, D.C.

Sessions With Roger Diwan

Monday, 6 March

  • 11:10am - 11:50am (CST) / 06/mar/2023 05:10 pm - 06/mar/2023 05:50 pm

    Financing the Energy Transition
    Finance & Investment/Trading & Risk Management/ESG
    As governments move to take a significantly higher proportion of energy transition technology and deployment risk onto their balance sheets via subsidies, tax credits and other incentives, how are markets responding? With energy transition entering a new phase focused more on deployment of new infrastructure and new assets at a heightened scale, old assumptions about the way risk-adjusted returns work in energy investing are being overturned. With trillions of dollars in energy investing capital starting to make its way through markets into asset plays and capital allocation decisions, how are the world’s leading energy financiers thinking about tradeoffs in this newly accelerated era of energy transition investing?
  • 12:30pm - 01:00pm (CST) / 06/mar/2023 06:30 pm - 06/mar/2023 07:00 pm

    Where to Deploy Capital to Reduce Emissions

    Technology and innovation have helped drive down the cost of clean technology over the last two decades. At the same time, the oil and gas industry has dramatically increased cost efficiency over the last decade as well. In this world of cost efficiency, where should capital be deployed to have the biggest impact on lowering emissions?

  • 07:30pm - 09:00pm (CST) / 07/mar/2023 01:30 am - 07/mar/2023 03:00 am

    Capitalizing the Energy Transition
    Finance & Investment/Trading & Risk Management/ESG
    Traditional investing frameworks position venture capital investors at the opposite end of the risk capital spectrum from large, established industrial firms. But with the venture capital sector maturing and climate venture capital increasingly taking industrial-scale deployment risk, industrial firms with decades or even centuries of experience serving energy markets find themselves facing a new breed of disruptive competitors. Leaders at industrial firms have responded to a disruptive era with an innovative capital mindset, betting their firms’ futures on new technologies and new markets in ways that echo traditional venture capital. In this newly dynamic moment for energy transition capital, groundbreaking capital allocators discuss remaking a “steel in the ground” industry at a digital pace.

Tuesday, 7 March

  • 10:00am - 10:30am (CST) / 07/mar/2023 04:00 pm - 07/mar/2023 04:30 pm

    Accelerating Global Collaboration to Address Climate Change

    A conversation on China-U.S. tensions and its impact on climate cooperation. As China and the United States both compete for global leadership on several fronts including new energy, what will climate cooperation look like between the two largest economies and biggest emitters in the world? 

  • 11:55am - 12:45pm (CST) / 07/mar/2023 05:55 pm - 07/mar/2023 06:45 pm

    The Role of Energy Companies in Capitalizing the Transition
    Finance & Investment/Trading & Risk Management/ESG
    The moment of truth has arrived for energy companies strategizing for the energy transition. For most oil and gas firms, and even most power producers, low-carbon energy investing and technology-based business model transformations have been sideshows to the decades-long core business of managing operating margins for fossil fuel extraction and use. Following the disruptions of the early 2020s, transformative responses by governments to realign industrial policy with climate goals and cleantech dominance, along with a sudden infusion of cash from ricocheting supply shortfalls means that energy companies now have the money and the incentive to move quickly into the energy transition. How quickly can their capex mix evolve? How will business models shift? Will private markets become a refuge for large oil and gas firms with legacy asset mixes that have extraordinary cashflow characteristics but limited exit liquidity? How can regulators, politicians and investors prepare? 
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