Abstract:
What does energy transition mean? What are we transitioning to? How and when will we get there? In hindsight, the energy transition movement means different things to different entities. To operators, the primary focus is to transform their business (influenced by regulations and legislative policies) by reducing their carbon emissions while also investing in cleaner low-carbon energy sources, such as geothermal and hydrogen. For service companies, it is another potential revenue stream by offering products and services oil and gas operators, as well as renewable power generation companies. For governments, it is defined as an essential need for energy diversification in order to achieve sustainable, self-sufficient solutions that are less impacted by socio-economic or geo-political factors, i.e., energy security. It is important to note that the ‘public’ understand that what is driving this paradigm shift: technology, policy, and cultural change. The energy transition concept will be broken down as a current ‘buzzword’ and popular concept that is fettered by technology hype, political agendas, and/or financial influences that are attached to the term. Finally, light will be shined on how the industry's previous institutional mindset has changed to a broad, open-minded desire to create a net-postive outcome using Environmental, Social, and Governance techniques.
Biography:
Bez is Vice President of Energy Security in Government Contracts for CyberWorX Energy, focused on national security intelligence and strategic consulting for implementing energy technology. Bez has 15 years of experience in the energy sector – from hydrocarbons to renewables. Previously, Bez has worked as a consultant, energy technologist, and strategist for market research firms, service companies, and oil/gas operators. Additionally, Bez has experience as a Sr. Researcher in academia (over 50 publications, 4 patents, 1 book). Bez is active in SPE as a committee member for ATCE and ADIPEC. Bez has a master’s degree in petroleum engineering and a PhD Candidate in Management in Energy Sustainability.
SPE Singapore - What does the energy transition actually mean for the Oil & Gas industry ?
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