The question that is worth a billion dollars – how will the oil and gas majors position themselves in the energy transition to ensure relevance, maintain profit and market share, and to survive against growing activist pressures?
The question that is worth a billion dollars – how will the oil and gas majors position themselves in the energy transition to ensure relevance, maintain profit and market share, and to survive against growing activist pressures?
Heather Culbert, Director of Whitecap Resources was presented with the Women’s Energy Council Executive of the Year Award 2022. Find out more.
Mike Rose, President & CEO of Tourmaline Oil Corp was presented with the Energy Council’s Canada Energy Dinner Lifetime Achievement Award.
The Energy Council’s annual Future Outlook Survey Report for 2022 is now available. Over 500 people from across the world responded to this year’s survey, and we have put together the report to reflect their thoughts, outlook, and ambitions regarding their approach to ESG, shifting oil prices, technological advances and the energy landscape as a whole.
The broad macro effects of the Russo-Ukrainian War on oil and gas supplies upended the global energy markets, creating varied questions to the energy security of many nations. The most drastically affected have undoubtedly been the Ukrainians themselves, yet the over-reliance on Russian oil and gas supplies has led to a scramble for alternative supplies – most notably by European states. However, the constraints created by this market shock could provide the impetus to engage more constructively with low-carbon fuels, encourage investments into publicly-traded oil majors with net-zero strategies and hopefully, underscore the struggles of the 900 million people without access to electricity prior to the war.
The matrix of threats emerging from Russia’s invasion of Ukraine make it difficult to keep abreast of developments, whether these be the increase of global oil and gas prices, or the effect of sanctions, or which states could assist Russia in avoiding the impacts of sanctions, or how wheat prices will begin to soar. As most of us watch from the sidelines, trying to navigate how the markets will respond to these threats and how, in turn, that may affect our daily lives – we can be overwhelmed by the tsunami of information analyzing and predicting outcomes.
The Energy Council has selected some of the most promising oil and gas companies to look out for this year. We examine their unique approaches to maintaining relevance within the sector and their approaches to reimagining their business models.
The Energy Council have been monitoring the impact of the Russian invasion of Ukraine, and on 27 April 2022, we hosted a webinar to explore the short, mid, and long-term impacts on the energy sector. Read the key takeaways from the webinar here.
Decarbonisation goals must be aligned with the practicalities to ensure neither factor of the ‘energy trilemma’ – affordability, accessibility and sustainability – are compromised by the pursuit of one aspect over another.
ESG ratings have become an important metric, used by investors, financiers and credit risk agencies to assess the compatibility of an organisation with global climate goals. The Paris Climate Accords have influenced institutional lenders to be more cautious in their approach to high-emissions industries, with oil and gas producers being among the central targets.
In Partnership with the NYSE, the Energy Council was delighted to return to New York on 17 May 2022 to bring together 200+ decision makers from institutional investors, private equity funds, E&P companies & emerging clean tech companies as they look to collaborate and navigate the evolving energy investment landscape as a result of the disruption brought about by the energy transition.
With sizeable under-explored reserves, and many energy economies poised for rapid growth in response to demand, is the E&P industry in the Asia Pacific region starting to see renewed interest? Find out more.
