All senior leaders and their teams have, over the last 24 months in particular, had to pivot their strategies, their approaches, their company roadmaps. From investor pressure around ESG criteria and the importance of the energy transition, to M&A and financing challenges, the latest cycle has thrown up as many challenges as opportunities. Whilst this list could be much longer, the Energy Council has picked their top 10 leaders to watch in 2023.

Majid Jafar, CEO, Crescent Petroleum

Crescent Petroleum, a family-owned company in Sharjah has carved out a niche for itself based on entrepreneurial business development, long-term partnership, and rapid project execution. In 2021, Crescent became one of the first companies in the industry to achieve carbon neutrality across its operations after completing a series of projects to reduce carbon intensity and offset remaining emissions. Crescent have also reduced gas flaring by nearly 80% to just 0.12% of production and their aim is for zero.

As we look towards 2024, Crescent, with Majid Jafar at its helm, aims to complete the exciting implementation of an $860 million expansion project to grow Crescent’s Kurdistan production by 50% by early 2024.

Saad Sherida Al-Kaabi, CEO, Qatar Energy

Al-Kaabi is widely recognized for his foresight in embarking on a major expansion of Qatari LNG, capitalizing on its low-cost, low-carbon advantages. Today, Qatar is positioned as an indispensable gas supplier for countries seeking diversification of supplies and energy security and the world’s LNG supplier of choice. Key to Al-Kaabi’s success has been his long-term perspective and strategic patience as well as his bold decisions. His decision to go big on energy investments at home and abroad has ensured that Qatar stays a step ahead of its competition and allows it to continue to play an outsized role in global energy, geopolitics and culture. At the heart of Al-Kaabi’s strategy, lies the massive development of the North Field, the world’s largest non-associated gas field, which will expand Qatar’s LNG production capacity by nearly 65%.

Appointed as Minister of State for Energy Affairs in 2018, Al-Kaabi’s determined leadership style helped Qatar’s energy sector through the embargo imposed by other Mideast Gulf states and guided the country’s exit from OPEC, ending a 58-year relationship with the organization. Al-Kaabi has acted as an advocate for natural gas in the low-carbon energy transition, while proactively developing carbon capture and storage capacity to maximize the appeal of Qatar’s production.

Anja-Isabel Dotzenrath, EVP, Gas & Low Carbon Energy, bp

As bp continues to pursue their goal to advance 50GW net of renewables projects by 2030 (one of the most ambitious targets globally as part of an energy transition strategy dominated by offshore wind, solar and hydrogen), Anja-Isabel is helping lead bp’s transformation to integrated energy company by building a world-leading business in low carbon by integrating gas, renewables, hydrogen and biofuels at scale. A long term advocate of the need to decarbonise energy, believing it key to economic development and to human and social well‐being, Anja-Isabel previously ran a renewables business portfolio of nearly 13 gigawatts as CEO, RWE Renewables. Before joining RWE, she led E.ON's Climate & Renewables business as chief executive and previously as chief operating officer.

Bp have a global renewable and decarbonisation vision: This year, bp have added another pin to their map of global offshore wind projects by entering the South Korean market, forming a joint venture with Deep Wind Offshore. bp are acquiring a 55% stake in its portfolio of four projects in South Korea with a potential generating capacity of up to 6 gigawatts. And in addition, in Mauritania, bp have expanded their partnership into low carbon energy by exploring the potential for a world-leading green hydrogen development, which could position the country at the forefront of the energy transition.

Kevin Gallagher, CEO, Santos

The confirmed acquisition of Oil Search in late-2021 proved transformative for Santos. This coupled with the successful discovery of light oil at its Pavo-1 well offshore Australia has stood the company in good stead in its conventional energy business this past year.

Santos has also forged an Energy Solutions arm, charged with developing clean fuels, and is advancing a $220m Moomba carbon capture and storage project expected to start-up in 2024. This pursuit of multiple CCS projects of scale means it could quickly become a world-leader in this space.

Francesco Mazzagatti, CEO, Viaro Energy

Viaro Energy took big leaps into the North Sea in recent times with after key decisions were made in adjusting its portfolio over the course of 2020/2021. These included Viaro’s acquisition of RockRose Energy in 2020, followed by the Netherlands portfolio of Hague and London Oil in May 2021. With the purchase of SSE and others, Viaro has realized exceptional value as gas prices grow and the company is now enjoying the results in a strong balance sheet.
The portfolio acquired comprises non-operated interests in over 16 producing gas fields in three regions in the North Sea and is expected to produce over 15,000 barrels of oil equivalent per day. Viaro now boasts output of over 33,000 boepd from more than 36 producing oil and gas fields across the UKCS and Netherlands.
Viaro is also in the early stages of several carbon capture storage (CCS) projects in both the UK and Dutch sectors. The Sean field in the Southern North Sea, in which they hold a 50% interest is a good indicator of their sustainability strategy. The field is due to cease production by the end of 2024, and instead of going down the traditional decommissioning route which is highly CO2-intensive, Viaro are looking to repurpose the asset as a CCS project. Projects like this will be increasingly important as we move through the energy transition and will showcase the role of Viaro and other energy companies in it.

Energy Council Executive Interview with Francesco Mazzagatti