Awards of Excellence 2022 Winners: World Energy Capital Assembly
Published: 8 December 2022
The Energy Council Awards of Excellence took place on 29 November 2022 in London, to recognise and honour the individuals and companies who have been at the forefront of first-class deals, value creation, innovation, or exceptional financial and operating performance over the last year. Below we have detailed the winners of each awards category, congratulations to all!
NOC of the Year
Over the last year, Equinor has set a clear transition strategy, reorienting the business towards a low-carbon economy while remaining true to responsible E&P operations. Additionally, they have consolidated strong partnerships across the industry, such as their strategic collaboration with TechnipEnergies and partnership agreement with Wintershall Dea.
Sponsored by Kongsberg Digital
Large-Cap of the Year
bp has one of the most advanced and ambitious energy transition strategies amongst the majors, delivering real emissions reduction in scopes 1 & 2. They have also pursued diverse partnerships across geographies and sectors such as the green hydrogen development partnership with Oman, strategic partnership with VW to boost adoption of EVs in Europe, and launch of new Angolan JV with Eni.
Sponsored by White & Case
Mid-Cap of the Year
Under their new structure, Aker BP has seen successful expansion, most notably, the 2022 acquisition of Lundin, which provided more scale and enhanced greening credentials. Aker BP is working on a total of 15 development projects on the Norwegian continental shelf and is set to invest over $15billion in the area over the next 5-6 years. We look forward to following the Aker BP story.
Sponsored by Progressive TSL
Small-Cap of the Year
We were delighted to present Savannah Energy with this award after their success this year, including the signing of a Share Purchase Agreement with ExxonMobil and Petronas for acquisition of their Chad and Cameroon assets. Cementing their position across the energy value chain in Chad, Savannah also signed a deal with the country’s Ministry of Petroleum and Energy for the development of up to 500MW in renewable energy projects.
Sponsored by Shell
OFS Company of the Year
Baker Hughes has excelled in broadening their capabilities, expanding their hydrogen technologies, CCUS, geothermal and digitalization divisions to be at the forefront of the industry, creating exceptional value for shareholders and committing to projects that will advance the energy transition. Whether it be across their oilfield business or excelling in net-zero emissions goals, Baker Hughes brings the highest level of service to their customers.
Sponsored by The Carnrite Group
Exploration of the Year
ExxonMobil’s continued investment in global markets has ensured barrels in uncertain times. Most notably, their presence in Guyana’s Stabroek block has highlighted the prospects available in frontier basins – a previously overlooked region that has been booming with over 25 new discoveries. For a developing state reliant on their resource advantages, this partnership with Exxon Mobil will support social and economic development to the wider region.
Sponsored by Welligence Energy Analytics
Innovation of the Year
We were delighted to present Baker Hughes with this award for their new digital integrated platform, LUMEN, which provides continuous and unmanned aerial vehicle (UAV) methane monitoring for oil and gas operators, materially impacting the monitoring and reduction of GHG emissions across oilfield operations. As we continue on the energy transition path and focus on emissions reduction, such technologies will become central to upstream projects.
Sponsored by bp
Private Equity Firm of the Year
The Carlyle Group have been leading business transformations at both CEPSA and Varo in 2022, guided by energy transition demands and their desire to reimagine the traditional energy business. The Carlyle Group has acquired a diverse portfolio of renewable energy, thermal power, upstream, midstream and downstream oil and gas, digital infrastructure, and transportation assets.
Sponsored by The Energy Council
Deal of the Year
The joint venture between Aker Energy and bp in acquiring Lundin Energy’s Norwegian North Sea upstream assets to create the largest listed E&P company focused exclusively on the Norwegian Continental Shelf has been lauded across the sector. Any deal of this size is challenging to get over the line, however in this instance, it was done so with superb and successful execution.
Sponsored by Clifford Chance
Executive of the Year: Bernard Looney, CEO, bp
Bernard has spent his entire career at bp, joining as an engineer in 1991. He has been recognised for leading bp’s transformation to an integrated energy company and championing the role that greening companies such as bp can play in driving global net-zero goals, while striving for long-term shareholder value.
Lifetime Achievement Award Winner: Ben van Beurden, CEO, Shell
Ben has spent 39-years at Shell, culminating in 9 years as an exceptional CEO. During the last decade, he has been championing the transition of Shell to a net-zero emissions energy business by 2050 and has become a leading industry voice on some of the most important issues affecting society. He has led a number of bold moves including the 2016 acquisition of BG and the transformational $30 billion divestment of non-core assets that followed. He took firm, decisive action to marshal the company through the global pandemic, seizing the opportunity for a major reset to ensure Shell emerged fitter, stronger and equipped to succeed in the energy transition.
World Energy Capital Assembly
November 28-29, 2022, London
The meeting place for senior energy, finance and investment professionals to make connections and do deals.
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