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Transformation through innovation, technology and talent
Sustainable Development Goals 7 and 13 define the need globally for all to have access to clean energy. Demand for energy continues to grow - by an estimated 25% by 2040 - as the population expands, and energy delivers wellbeing and better living standards to all. Almost 3 billion people still don’t have access to modern, safe energy for cooking, and almost a billion don’t have access to electricity and the services it provides.
The climate science is clear - we must remove harmful greenhouse gases from the atmosphere to levels that limit the damage that global temperature rises can cause. Therefore, transformational change is needed in our approach to developing, supplying and using energy and the pace of change must accelerate.
This is a challenge and opportunity for all sectors of the global economy to address. Civil society, the state, investors, shareholders and business leaders must collaborate to deliver the transformation we need. Among each of these groups this recognition is becoming more obvious, but the challenge comes in finding ways to collaborate to deliver the solutions, because they are needed now and in the near term.
What does this mean for the oil and gas industry and what will the debate be at IP Week 2020?
We must explain why we are here now and what we provide to the world – an honest story is the one which explains that 60% of the world’s needs are met by oil and gas – and we cannot simply turn it off tomorrow.
We should showcase what we are doing to transform how we provide energy to all. The human ingenuity, skill and talent in our industry should be acknowledged and it will be central to our future success.
In the meantime, our operations today need to be as clean and efficient as technology will allow for.
We must renew our focus and toughen targets to reduce greenhouse gases, not just in scope 1 and 2 but also in 3 – reducing the impacts of the products we produce.
We must find a more effective way to price carbon that makes business sense.
We must move more quickly to deploy and scale up the carbon reducing technologies we understand today.
We should also think more laterally about how integration across the oil and gas value chains with other low carbon energy sources can fuel our future for cleaner power, heat and mobility.
Bob Dudley FEI, BP:
Amin Nasser, Saudi Aramco:
Charles Holliday, Shell:
Rt Hon Liam Fox MP, UK Government:
Andrew Brown OBE FEI, Shell:
|Dr Pratima Rangarajan, OGCI:|
'If we wait on government policy, we won’t make the kind of progress we need to'
Prof Jim Skea, IPCC:
Malcolm Brinded CBE FREng FEI, Energy Institute:
This podcast gives a round-up of insights from this year’s IP Week conference, around the conference themes of sustainability, technology and geopolitics. It is also a pilot episode for a future podcast spanning the energy system (stay tuned!).
We discuss sustainability with Professor Jim Skea (at 10:54), technology with David Womack (25:08), and geopolitics with Serkan Sahin (34:12), as well as hear a selection of insights from the conference speakers. The podcast can also be accessed from Apple Podcasts. Happy listening!
This review highlights the key issues, messages and takeaways from some of the most senior and dynamic energy sector leaders.
In one of his earliest speaking engagements, BP Group Chief Executive Bernard Looney will be the 2020 Guest of honour and speaker at the IP Week Dinner.
HE Mohammad Sanusi Barkindo, OPEC Secretary General, talks about OPEC’s role in helping unlock a carbon-free future, ahead of his keynote presentation at IP Week 2020.
Chair of the IP Week Programme Board states that IP Week 2020 will have a stronger than ever focus on the oil and gas industry’s role in delivering a low carbon future.
The Rt Hon Liam Fox MP, UK Secretary of State for International Trade and President of the Board of Trade, is the latest speaker confirmed for IP Week 2019, alongside high-profile figures from the world of energy. Addressing the topic of ‘Global Britain’s bright energy future’, Dr Fox will address senior industry leaders at the conference, being held in London between 26-28 February.
Alan McCrae, PwC UK Oil and Gas Leader, and Adrian del Maestro, PwC Strategy & Director of Research, outline some of the big themes that will shape the global oil and gas sector over the course of the next 12 months.
Tor Martin Anfinnsen, Senior Vice President of Marketing and Trading, Equinor, provides an overview of how Equinor is responding to the changing oil and gas landscape and the drive to a low-carbon future.