The transition towards a clean energy future has begun. Following on governments’ footsteps, many leading energy companies are publicly announcing their commitments for 2050. These commitments include targets to reduce greenhouse gas emissions, lower environmental impact and mitigate climate-related risks associated with their business activities. While these targets are for the long term, most companies have started to develop and execute near-term action plans to ensure they progress toward their stated goals. At the same time, they are assessing the risks and opportunities arising from their plans and seek to understand the impacts on their operations and markets.
The European Union is committed to achieving net-zero emissions by 2050. To support this, Brussels plans to create a €225 billion green bond as part of a shift towards cleaner economies.
It is hard to believe it is 10 years since we started Apollo, and on the other hand, it’s hard to believe it’s not more. What a journey! Filled with excitement, challenge, opportunities, great clients and a fantastic bunch of people that have got us to where we are today.
By Daniel Harden, dealing director at Global Reach
In an industry where the US dollar (USD) is king, foreign exchange (FX) markets can make a significant difference to many oil and gas firms’ bottom line during extreme market volatility and economic uncertainty.
By Dr Louise Slaney, Medical Director at International SOS
Organisations have continued to operate safely throughout the Covid-19 pandemic, with business leaders adapting to protect the health and safety of their employees both on and offshore.
The transportation of goods offshore is to be revolutionised with a new system for managing helicopter freight which has been developed by ACE Forwarding (ACE) and is currently being deployed.
Over the last six months, the global pandemic brought very new challenges for both our home and work life along with whole new lexicon and unprecedented willingness to listen to our political leaders.
Working from home (WFH) is not a new phenomenon. For the past 20 years and more we have seen WFH grow at varying speeds across different business sectors.
AJT Engineering Limited, a company with over 70 years’ experience as a trusted, premier provider of multi-disciplined engineering services, is delighted to announce the appointment of Andy Dornan as its Business Development Manager. Andy has held a number of key relationship positions since retiring as a professional footballer which included a spell at Aberdeen Football Club.
By Katy Heidenreich, OGUK’s supply chain and operations director
Recovery - a topical word and resonating with people around the world as they deal with the fallout from the pandemic and chart a hopeful path to the future. Times are uncertain but as OGUK’s director of supply chain and operations, I believe an integrated, more collaborative approach is key to restoring the health of the UK oil and gas industry.
The Covid-19 pandemic has put PPE “higher on anyone’s list than ever before”, according to the European boss at Red Wing, driving home the importance of a reliable supplier.
Next month, Aberdeen is set to become the first city in the world to introduce revolutionary hydrogen powered double-decker buses. This is not the first time Aberdeen has been a world leader in the adoption of hydrogen for transport. The UK’s first hydrogen production and bus refuelling station opened in the city in 2015, and the arrival of these new vehicles will complement Aberdeen’s existing fleet of 10 hydrogen buses and enhance the city’s role as a pioneer in the adoption of green energy for public transport.
Identification of principle risks has been an important part of board discussions for many years, but I am not sure that "global pandemic" would have been at the top of many companies’ risk registers.
When OceanTools initially set out to develop a world-leading dye detection system, it was determined to create the best possible solution to introduce to the industry.
The clock is now ticking to reach the target of Net Zero by 2050 in the UK (2045 in Scotland). The oil and gas industry is a critical part of this transition to net zero and has the potential to be the leader in developing the solutions which will unlock a new, low carbon economy. This pivotal role of the oil and gas industry was clearly recognised recently by the Scottish Government with the £62 million Energy Transition Fund to support net zero projects.
By Romain Chambault, VP Europe - Oilfield Equipment, Baker Hughes
Now more than ever, our customers in Europe, specifically the North Sea, are demanding technology and solutions to increase the productivity and efficiency of their operations, both to achieve their carbon reduction goals and to navigate the current macro environment.
Despite severe challenges in the oil and gas sector and problems caused by the global pandemic, the team at Texo Group has continued to meet client demand in a range of sectors.
For several years, the aerospace, automotive and other engineering sectors have used concurrent engineering – a mixture of design, analysis, modelling and simulation working together - to provide a product or solution in the most efficient manner. There is now the opportunity to apply similar techniques within the energy sector.
As the oil and gas industry doubles down on operational efficiency efforts in response to the ongoing challenges surrounding the global pandemic and low oil price, a leading asset integrity and maintenance consultancy is urging companies to focus on activity that will maximise the potential for savings without increasing risk or compromising safety.
Gabriel Podskubka, Tenaris Eastern Hemisphere President, speaks exclusively to Energy Voice about the company’s response to the Covid-19 outbreak, the lessons learned, and its ambitions for the future.
This year will be remembered for many complex challenges and changes. It may also be the year that many business leaders truly discovered what leadership is all about.
There are as many opinions of good leadership as there are management books and business schools. For me, the important priorities are being honest, transparent and authentic, having a clear vision of your goal, a clear strategy to reach that goal, and the empathy, energy, commitment and confidence to inspire your team to work collaboratively towards it. It is also important to innovate, to do things differently, to find new ways, to be agile and to be supportive. Communication of all of this is key.
People questioning the oil and gas industry’s sustainability is not a new phenomenon. Far from it. For years oil companies, governments, investors and other stakeholders have questioned the sustainability of the industry and the need to address environmental, social and governance issues (ESG).
