Naftogaz Presentation: Opportunities in Ukraine
Presented at APAC Assembly, 20 April 2021
In their presentation at the Asia Pacific Energy Assembly in April, Naftogaz presented the international oil & gas community with the opportunities available for investment in the Ukraine. They touched on their recently announced international partnerships, their existing E&P licenses and discussed their goal to substitute a proportion of Ukrainian gas imports by 2030.
The Asia Pacific Energy Assembly is the most senior and influential finance & investment meeting for the Asian energy sector.
In 2021, we welcomed decision-makers from across the energy value chain to discuss how they are responding to challenging market conditions and increasing ESG pressures and to map out the investment strategies that will enable them to capitalise on emerging opportunities and thrive in a low carbon era. Find out more >>
Using gas as a bridge to transition is not a new concept but if the goal is to lower emissions whilst still providing affordable and reliable energy for all, one could argue that natural gas could, and should, be the bridge that can enable transition – cutting emissions in the short to medium term and solving the intermittency issue of renewables until the clean energy markets are more established.
The development of new oil and gas fields, and the continued exploitation of mature assets, had become a sticking point in the energy transition discussion. Yet such a discussion did not quite take into account the geopolitical interferences, energy demand and energy security needs that could arise unexpectedly - some may say foolishly. Fortunately, the energy sector has ramped up drilling activity to take advantage of the reprieve shown to North Sea operators. Herein, the Energy Council looks at the next steps of the industry players active in the region and where their futures may lie.
As European states continue to explore their options to secure a greater diversity of energy away from Russia, what is available to them – within the context of the energy transition – is slim. With that in mind, the North Sea’s oil and gas producers do stand alone as the most progressive players when it comes to engaging on their energy transition commitments. With consumer prices reaching unsustainable levels for a prolonged period, while the climate shifts continue on their downward spiral – the Energy Council examines how continued investment into North Sea E&P can play a crucial role in advancing the energy transition.
How can existing energy infrastructure be transformed into something that is suited to a diverse energy mix?
‘Diversity of supply’ steadily entered the energy industry lexicon as the energy transition grew and found its feet, reflecting the need to balance fossil fuel pollutants with cleaner renewable generation capacity. Prior to this point, states relied on their resource-based competitive advantage, whether it be the world’s petro-states or ample hydroelectric supply. As the need for renewables grew, the often-hostile environments that preference wind and solar power suddenly found exceptional utility.
In the grip of a global energy crisis, the perception of the oil and gas has wavered from incongruent with climate goals to necessary to achieve them. In light of consumer price constraints, the prevailing thought is to call for increases to oil and gas production in the short-term to secure some energy cost relief. However, for the oil and gas sector to capitalise on this reprieve as primary climate offenders – there is a growing acceptance for their role in decarbonising energy processes, lowering their asset’s emissions profiles and reimagining the supply chain to support 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.
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.
The practical steps oil & gas companies can take to decarbonize their portfolios and improve their ESG ratings
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.
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.
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. With governments across Europe debating how to combat dependence on Russia's natural gas reserves, while simultaneously maintaining energy security and imposing severe sanctions on Russia, we heard from industry leaders about their views on the situation.
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.
Hot off the heels of closing a $365 million sustainability-linked asset backed securitization, we heard from Diversified Energy, along with the likes of Noreco, Lloyd’s & Shell Trading
Podcast: Benjamin Colton, Global Head of Asset Stewardship – Voting & Engagement, State Street Global Advisors
Benjamin Colton, Global Head of Asset Stewardship - Voting & Engagement at State Street Global Advisors joins the Investor Series Podcast to explain how State Street are going about analysing, managing and engaging on climate-related risk within their portfolio. Listen to the full episode here.
Many doubts arise when considering investment into Upstream in 2022; will there be expanded restrictions on funds and financiers, or will there be a repeat of the demand slump in early 2021, or will OPEC+ utilize their reserves to shift the price point to one that suits their objectives best. Such uncertainties will often worry the generalist investor but for the energy specialist with experience of the oil and gas cycles, the near future looks far more enticing.
The Global Methane Pledge seeks to acknowledge the agreements that have preceded it and to build greater action upon those collaborations. Led by the US and the EU, together with 17 major economies, the Pledge was launched at COP26 to “catalyze global action and strengthen support for existing international methane emission reduction initiatives to advance technical and policy work that will serve to underpin Participants’ domestic actions.”
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Nick Dell'Osso, Executive Vice President & Chief Financial Officer, Chesapeake joins the podcast to talk about about where the company stands today having emerged from Chapter 11 Bankruptcy earlier in 2021. Listen to the full episode here.
The global oil and gas markets have been awash with deals as oil and gas players alike scramble to rebalance their portfolios in light of supranational climate goals. While the market has not been as active in the second half of 2021, as commodity prices began to stabilise toward pre-Covid levels, there were still a number of significant mergers and acquisitions that will add much needed liquidity to the markets.
The North American oil and gas market maintained their position as ‘most active region’, in terms of both the quantity of deals and the total transaction values – leading to a total of 21 deals to the value of $12.72bn being confirmed in Q1/2021. Since the close of Q1, a further 21 deals to the value of $21.1bn have been processed in the North American market, indicating that the shale patch is beginning to undergo another round of consolidation. The Energy Council has taken a look at some highlights of US M&A activity so far this year…
Brian Carey, Strategic Growth Director of Kongsberg Digital joins the podcast to discuss the role of digitilisation and innovation in the Oil & Gas industry and how ESG will continue to shape and mould the sector. Listen to the full episode here.
The partnership will provide a series of four major studies examining stakeholder sentiment towards energy majors and smaller players and measure their performance in the transition towards the provision of cleaner energy and stronger corporate governance.
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Gas-to-Power is the popular choice among African states looking to diversify their energy mix away from coal, with gas power generation accounting for two-thirds of new capacity. Natural gas and LNG have been enjoying a renaissance in their broad utility throughout the energy transition, spurned onwards in popularity with the successive gas discoveries all along the African coast.
Kris Pitta joins the podcast to talk about building a business during a global pandemic, the appetite for investment in small - mid-cap O&G companies and the opportunities this presents. Listen to the full episode here.
At the end of May, the Energy Council hosted an advisory board with senior executives in the North American energy sector to discuss ESG and the Energy Transition. The esteemed advisors reflect a diverse range of both E&P operators, investors, financiers, digital leaders, OFS players and traders across both the private and public spaces.
The Energy Council’s Asia Pacific Energy Assembly gathered the industry’s leading figures to discuss the pressing issues facing the Asian Pacific energy market.
Day Two saw the conversation move toward how the region will approach the developing role of natural gas and LNG in the energy transition, beginning with a keynote address from Wood Mackenzie’s Head of Asia Pacific, Gavin Thompson. Gavin’s address spoke to the rapid shift in appetite for the fuel, as it became the prime candidate for replacing oil and coal demand.
The third and shortest day of our Asia Pacific Energy Assembly was by no means that least exciting, in fact the emerging role of ESG and the accelerated energy transition has revealed the deep passions and commitment by oil and gas players to develop a market that considers both energy access and the immediate climate concerns.
What does a comprehensive ESG programme look like; identifying the possible range of initiatives that work for your business.
To start; a business needs to identify and establish where and how their ESG-related weaknesses manifest. Once these weaknesses are established, a company should then identify, develop and utilize a strong ESG reporting framework, one that can challenge the business to improve their impact on society.
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At the end of May, the Energy Council hosted an advisory board with sixteen senior executives in the North American energy sector. The esteemed advisors reflect a diverse range of both E&P operators, investors, financiers, digital leaders, OFS players and traders across both the private and public spaces.
The partnership will provide a series of four major studies examining stakeholder sentiment towards energy majors and smaller players and measure their performance in the transition towards the provision of cleaner energy and stronger corporate governance. Read more.
During the Energy Council's APAC Assembly, Naftogaz presented the international oil & gas community with investment opportunities in the Ukraine. View the presentation here.
Financial activism has been a catalyst in shifting the approach to financing the oil and gas sector, with ESG demands creating risks that are often deemed unassailable to traditional lenders. As access to exploration finance dwindles, O&G traders have taken on the role of providing capital to E&P operations - jumping upstream to lower supply risk. Read more.
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In anticipation for the Energy Council’s World Energy Capital Assembly (WECA) to take place in December, an advisory board of the industry’s leading figures was held to inform the agenda. Among the attendees were representatives from INEOS Energy, BlackRock, Standard Chartered, Kerogen Capital, Lloyds Banking Group, ADNOC, Mizuho, Morgan Stanley, BP IST, Bluewater Energy, Wentworth Resources, Sector Investment Managers, Harbour Energy, NEO Energy and Jerset Oil and Gas.
Chris Leary, Investment Partner at Orion Energy Partners joins the Investor Series Podcast to explain more about what they consider to be environmentally innovative and walks us through some examples of environmentally innovative investments that Orion have made over the past year. Listen here.
Rusty Hutson, CEO & Eric Williams, CFO at Diversified Gas & Oil join the Investor Series Podcast to bring their perspectives from a company that has successfully managed to raise capital in recent years, when so many others have struggled. Listen here.
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Nick Volkmer, Vice President - GHG & Renewables, Enverus joins us on the Investor Series Podcast. Nick shares his insights on how Enverus is pulling together all of the available data on EGC and GHG Emissions and cleaning it up to inform the investment community. Listen here.
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Advocaat Law Practice shares information on Financing Options for Marginal Fields in Nigeria. We look at regulatory & commercial frameworks, challenges & financing options for field operators.
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Even the most experienced investor will see 2021 as one of the most challenging investment environments that they have encountered. However, Africa still offers significant upside potential for projects that have a clear demand and are led by experienced operators.
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Institutional funds have increased their pressure on the world’s largest oil and gas companies to further and hasten their commitments to meet a carbon output of net-zero by 2050. What happens to 'independents'?
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Mergers and acquisitions are heating up in the oil and gas sector as prices stabilise and quality assets enter the market. Over $20 billion in deals has been completed in recent months with more set to come.
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A report by the OGTC & Wood Mackenzie highlights the array of opportunities in the United Kingdom's path to decarbonisation & net-zero. The United Kingdom Continental Shelf in the North Sea has long been a prominent location for the exploration and production of oil and gas. However, as the nation pushes toward carbon neutrality by 2050, how will these competing industries develop?
The OGCI announced significant progress in reducing both carbon dioxide and methane emissions in the upsteam sector. Industry collective invests over a billion dollars into emissions reductions technologies.
US O&G Independents were already sitting on huge debt levels before the impacts of COVID-19 and the Oil Price War hit. They now face a dire road ahead. Read More
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The second of eight Oil & Gas Council sessions, a digital dialogue, took place on October 29 boasting an exceptional panel of industry-leading speakers who have years of experience in industries ranging from upstream, legal and financial services. The speakers gathered to discuss and provide insights on whether or not it’s too late for Africa to profit from its E&P resources.
The first of eight Oil & Gas Council sessions kicked off on October 27 and industry-leading speakers who have a total of over 100 years of industry and sector experience joined forces to discuss and provide insights on an investment focused dialogue around what’s next for African Oil and Gas.
Tom Petrie joins the Investor Series Podcast once again to discuss the upcoming US Presidential election & what impact it will have, either way, on the oil & gas industry.
With the US shale industry having been severely impacted by both the COVID-19 pandemic and the oil price war, US investors are beginning to screen opportunities elsewhere. Read More.
Nigel Jenvey – Global Head of Carbon Management, Gaffney Cline and Lewis McDonald – Global Head of Energy, Herbert Smith Freehills
In this episode, Nigel and Lewis join us to discuss some of the ESG & GHG related trends and policies in the Oil & Gas Industry and how they relate to company’s performance in the public markets as well as their ongoing ability to access capital. Listen here.
The simple question is, 'why do datacentres present a good business case for gas power companies?'
Read the transcripts of the Oil & Gas Council Investor Series Podcast with Brian Thomas, Managing Director – Energy Finance, Prudential Private Capital.
During the episode, Brian talks about how institutional investors like Prudential can provide capital for O&G companies in place of commercial banks who are pulling back on their lending through this downturn.
Technology and responsible investing will “inevitably be the top two megatrends” of the 2020s, affirms the CEO of independent financial advisory organisation deVere.
Who will make money in the energy business of the future, and who will fade from the scene? Politics and regulation certainly matter, but how much? What will the global energy system of 2030 or 2050 look like?
During the episode, Tom talks about the Rise of Putin, the US/China trade war, the competitiveness of US shale, and Middle Eastern geopolitics and their role in creating the current state of affairs in the O&G Industry.
Leaders from across the Upstream value chain met virtually to discuss how the current crisis compares to the crash of 2014 and what new challenges the industry faces in the current crisis.
On 14th April, the Green Recovery Alliance was formed by members of the European Parliament together with ministers, CEOs, NGOs and trade unions from across Europe. The Alliance’s core aim is to ensure that the fight against climate change is central to the economic strategies that European countries adopt in their recovery after the COVID-19 pandemic.
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