Flagship report to map out oil’s role in energy transition

Pic shows the two-turbine Beatrice demonstrator test project.
Pic shows the two-turbine Beatrice demonstrator test project.

A new flagship report highlighting the oil and gas industry’s critical role in the energy transition will be unveiled in Aberdeen next week.

Industry body Oil and Gas UK’s (OGUK’s) first Energy Transition Outlook will also stress that the sector’s Vision 2035 scenario is compatible with the drive for a low carbon future.

The report will be released at a breakfast briefing at Aberdeen Exhibition and Conference Centre on Tuesday morning.

Speakers will include Will Webster, OGUK’s energy policy manager and report author, Mariam Kane-Garcia, from Total, Shereen Ihsan, Aker Solutions, Justine Bornstein, Deloitte and Chris Stark, chief executive of the Committee on Climate Change.

Mr Webster said: “OGUK is delighted to have secured an impressive panel of speakers who bring breadth and depth of insight to our event.

“Our new Energy Transition Outlook 2018 will underline the critical role of the oil and gas industry as we move towards a lower carbon economy, balancing security of supply with efforts to meet our climate change ambitions.”

Graham Hollis, senior partner for Deloitte in Aberdeen said: “It is great to see such an important topic put forward for discussion at the next Oil & Gas UK breakfast briefing.

“As the energy transition gathers pace, it’s vital that the oil and gas sector looks ahead and considers the potential of a lower carbon environment and the role it can play in moving towards this.

“There will be many ways in which the industry can use its expertise and experience to contribute to our future energy mix but the ability to evolve and a readiness to adapt to opportunities and challenges will be key.”