Thought Leadership

Informed articles from the go-to people in the oil and gas industry

Industry Next Steps – A View of the North Sea’s Future

Expert Insight

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.

How continued investment into North Sea E&P plays a crucial part in advancing the energy transition

Expert Insight

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.

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Energy & Infrastructure Insight by Shearman & Sterling

Article, Expert Insight

In the United States, we examine how offshore wind presents a significant opportunity for local economic growth and job creation. They also consider the new bipartisan Senate infrastructure bill that emphasizes reauthorization, research, resilience and reliability. If passed, this bill will provide more than $1 trillion in improvements to the nation’s physical infrastructure. Read more here.

Digital Roadmaps – Comparing The Steps Taken By Energy Giants

Report

Many of the household major oil and gas companies have begun shifting their market position to better prepare for the impending climate revolution. This energy supply shift has been imagined in several scenarios, which in essence are distilled to: our current path, our stated path and the necessary path needed to reach net-zero emissions. Inevitably, the stuttering and profiteering has led us to the brink and now we, as a global society, must rely on our ingenuity to restore the planet to a stable state.

Easier said than done, of course, however making this process possible is the integration of advanced digital technologies into robust, legacy mechanical technologies. The rise of this digitalization has been known in the industry, as Oil and Gas 4.0 – referring to the technological era of the 4th Industrial Revolution.

Digital Twins – Virtually Reflecting The Physical

Article

Energy companies have engaged in developing the concept of ‘digital twins’ – a digital model that reflects the physical. By integrating a network of sensors and monitoring equipment throughout a system, there can be a real-time oversight of operations and wider capabilities to analyse system efficiencies over time.

Podcast: Andrea Course, Venture Principal, Shell Ventures

Podcast

Andrea Course, Venture Principal at Shell Ventures joins the Investor Series Podcast to talk about Shell Ventures and its role in identifying and investing in start-up companies that can help Shell both to meet its emissions reduction targets and to accelerate the energy & mobility transformation. Listen to the full episode here.

Podcast: Ben Heinzelmann, President, Energy Domain

Podcast

Ben Heinzelmann, President of Energy Domain came onto the podcast to walk us through the evolution of the Minerals Management space and how his team has continued adding value to their minerals clients through the launch of Energy Domain and Energy Freelance. Listen here.

Innovation Digest: Axora Summer Series – EP7 Innovation Round-up

Podcast

This week, the Energy Council’s Jack Ingram is in the guest seat with Ritz Steytler, CEO of Axora to discuss what he has learned from the series. Listen in to find out what’s preventing energy companies from going digital and how the sector will change in the next three years. Listen here.