Opinion

One day at SPE Offshore Europe 2019


Last week we spent a very informative day at P&J Live in Aberdeen, Scotland. This airy, modern and environmentally friendly building is the new home of SPE Offshore Europe, one of the most significant international events for upstream of oil & gas companies

Spotlight on energy transition  

The day started early with a business breakfast held by the Aberdeen and Grampian Chamber of Commerce on energy transition. Before the presentations, there was an opportunity to network with others from the oil and gas community (over 300 people attended). We then enjoyed presentations from a range of panellists responding to the questions “What does low carbon mean for the future of the North Sea?” Liv Hovem of DNV GL advised that 'bold decisions' will need to made: "We are locked into carbons, how do we unlock?"   

 AGGC breakfast panel at OE19
The OE19 Business Breakfast panel in mid-discussion
Image courtesy of Aberdeen and Grampian Chamber of Commerce

There was the general consensus that the answer does not lie solely in the hands of oil and gas companies; it isn't just about finding the right technologies.  Energy futurist at EY, Paul Bogenrieder recognised "The future's in the hands of the policymakers", but warned that "...a change in behaviour is tremendously difficult to achieve".   

An appetite for reduced carbons and renewables   

The panel highlighted that the North Sea should be proud of our past achievements, leading the way in reducing the carbon footprint through the displacement of coal for natural gas.   

We have also seen the North Sea leading the way in the introduction of renewables over recent years   

"The North Sea is tenacious at trying new things and working on new solutions... I'm proud to be part of it"," said Neil Saunders from Baker Hughes.   

 A sustainable future for oil and gas   

The theme introduced at breakfast also featured heavily in the opening plenary session.  This session had some interesting takeaways with regards to how we create a sustainable future for the oil and gas industry. Michael Borrell, Conference Chair & Senior Vice President, North Sea and Russia at Total, announced that "We are the custodians of the world's energy". Patrick Poyanné, CEO and chairperson of Total, further discussed a reduction on the reliance of carbons. Patrick said "If we are really serious about climate change, we need to act ... we need to act today" but that "We need to be excellent on what we control".   

The concluding remarks for the opening plenary defined four critical drivers for a sustainable future:   

  • Standardisation   
  • Integrated business models  
  • Technology  
  • Reduced carbon footprint  


Digital transformation and AI
  

Amongst a range of stimulating talks, we chose to attend the fascinating Artificial Intelligence Keynote Session, which included an excellent range of speakers, providing a balanced picture of the opportunities, challenges and considerations AI brings to the energy sector.    

Colette Cohen, CEO of OGTC opened with a witty but thoughtful introduction, including a reminder of the more outlandish, sci-fi face of AI from movies such as Terminator (see photo). Getting back to the here and now she advised, "The Oil & Gas industry has a history of innovation - with all the raw data available this is a perfect opportunity for AI".    

AI keynote presentation OE19

Callum Sinclair - Head of Technology & Commercial at law firm Burness Paull LLP drew our attention to the ethical issues which must be considered when implementing an AI strategy, reminding us that sometimes even the tech giants have got this wrong.  

Martin Kelly, VP Head of Corporate Analysis, Wood Mckenzie presentation "Spin vs Delivery what are companies actually doing with digital technology" gave us a reality check - "there's lots of talk about digital technology ... the size of the prize is enormous (he identified cost savings throughout the E&P lifecycle), but the industry still has an enormous challenge to access that prize". He noted that - "digital transformation at scale is harder than you think – you need strong partners."   

Alison Barnes, Head of Robotics at Woodside Energy, finished the keynote with an exciting presentation demonstrating what is happening now in our industry. Woodside is already a great champion of IBM's Watson IoT technology, using realtime data and analytics to significant effect across the organisation. She showed a video of their Fuse robotics trial (working alongside NASA) which they hope will change the way they work on offshore platforms. The objective of the trial is to "Make things work harder, so our people can work smarter."   

Back to the office

At the conclusion of this action-packed first day of SPE Offshore Europe, we had more insight into the current state of North Sea thinking - in terms of carbon reduction strategies and the future of AI and digital transformation.   

While we waited for our flight back at Aberdeen Airport, we spotted our lovely digital ad – in the decompression zone of the departures lounge
  

Progressive TSL will ensure that your finance, supply chain and asset management systems are ready for whatever the future brings. Whether you are moving to renewables or are developing your digital transformations strategy using AI and IoT – we can support you on this journey. Contact us to discuss your current and future requirements.    

Progressive TSL is a business consultancy and solutions provider dedicated to providing best-of-breed finance, supply chain and asset management systems for the oil and gas industry. They are Infor Gold Channel Partners (SunSystems, Infor EAMand IBM Silver Business Partners (Maximo). Progressive TSL has offices in London, Aberdeen and Lagos. 



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://progressive-tsl.com/news/blogs-and-press-r...

OE19North Seaenergy transitionrenewablesArtificial Intelligence in Oil and GasBiotechnology CanadaOffshoreSPE Offshore EuropeProgressive TSL

More items from gaylemeikle214


Progressive TSL profiles: Marianne Walcot

This is the second in a series of profiles on Progressive TSL, a series of short interviews that introduce you to some of the people behind Progressive TSL. Marianne is the Founder and COO of Progressive TSL; she talks with us about the company's origins and plans for the future. When was Progre ...

Louise Rock-West - Progressive TSL


Posted 8 days agoOpinion > Progressive TSLOil and Gas InterviewsOil and Gas +7

Progressive TSL are proud to announce that we are the lead sponsor of the Infor EAM for the UK and Ireland Summit.

About the Infor EAM UK&I Summit This unique one-day event takes place on 7th November at the Midland Hotel, Manchester. The summit will explore the future of Enterprise Asset Managem ent (EAM)  and   the latest technology including digital transformation, cloud, mobility, AI, value-driven mai ...

Louise Rock-West - Progressive TSL


Posted 8 days agoPress > InforInfor EAMInfor EMEA +6

Progressive TSL Profiles: Alexandra Taylor

This is the first in a series of profiles on Progressive TSL, a series of short interviews that introduce you to some of the people behind Progressive TSL. Alexandra Taylor is Progressive TSL's Finance Lead; here she discusses her experiences of working at Progressive TSL for over six years. How ...

Louise Rock-West - Progressive TSL


Posted 27 days agoPress > Progressive TSLAberdeenFinance +6

Diversity in Energy and Technology

Progressive TSL are key sponsors of the Diversity in Energy Summit 2019 taking place this week in London. We are looking forward to exploring with fellow delegates the challenges for increasing and maintaining diversity in the energy sector, including the empowerment of women. A Better Balance for ...

Louise Rock-West - Progressive TSL


Posted 1 month agoOpinion > MaximoDiversity and inclusionDiversity in Energy +15

Maurel & Prom choose Progressive TSL to deliver Finance, Supply Chain Management (SCM) and Asset Management systems

Progressive TSL is pleased to announce that Maurel & Prom have chosen their specialist team to implement finance and asset management solutions underpinned by the Progressive TSL's oil and gas framework to support their company's plans for growth Wednesday 11th September 2019: Progressive TSL is ...

Louise Rock-West - Progressive TSL


Posted 2 months agoPress > Asset ManagementMaurel & PromSupply chain management +11
All posts from gaylemeikle214