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The world is facing shortage of energy as the transition to sustainability and net zero is starting to get traction. In contrast to general wishes and political aspirations, the consumption of oil, gas and coal is still growing, while unrest also excludes more energy from the market.
The global economy represents 80 per cent of global energy consumption, and the emissions are on track to a 3.5 degrees scenario.
To pass the tipping point and pick up pace in the energy transition, it is up to our industry to design, build and realize security of supply and a sustainable energy future. The gap between aspirations and reality must be solved.
Across countries, industries, traditions and culture, we need trust and a common ground to push the world forward. To build peace and answer the big questions of our time we need ambitions, faith and capability. From international diplomacy. From investors. From the young generations.
The climate crisis is the biggest threat humanity has ever faced. A safe and sustainable future is depending on making the leap from fossil fuels, a just transition which leaves no one behind. Solidarity with the frontline communities impacted by the climate crisis, means protecting those who will suffer the most from the climate crisis and the necessary transition.
A just transition aims to improve the overall quality of life by ensuring more equal societies, cleaner air, healthier ecosystems, greater energy security and a more innovative economy. How do we secure, not only a sustainable future, but at the same time – a just transition?
Moderator: Carolyn Woo, President’s Fellow Purdue University
New energy security challenges, bold climate ambitions and rapid global movements in the energy systems puts forward new complex market challenges. The price of oil, gas and electricity has been volatile and shown weaknesses in the global market energy system, dependent on a predictable world order as well as seasonal weather in a time of climate change.
Energy security and transitioning towards net zero requires oil and gas, in parallel with de-carbonization and renewables gradually taking larger market shares. How will these very different industries develop and co-exist in different markets? How can they share synergies in infrastructure, competence and consumer knowledge?
Moderator: Amrita Sen, Founder & Director of research, Energy Aspects
The Norwegian continental shelf is in transition from being an O&G province to becoming a broader energy province. The North Sea has an unredeemed potential and could be central in the industry change ahead. How should Norway, UK and the North Sea EU-countries identify and develop infrastructure and synergies based on conventional energy in co-existence with wind, hydrogen and CCS infrastructures in the province?
How will the new Norwegian government adapt new oil and gas exploration and production, as the low carbon agenda gathers pace, and the offshore wind and hybrid projects are introduced?
Developing a world leading offshore energy infrastructure in the North Sea could bring benefits to the entire region, and Europe as a whole, in terms of sustainable development of energy and marine life. We ask, what is achievable and what´s not?
As part of The North Sea-session The IOR Award and the Innovation Awards winners will be announced and presented on stage.
Moderator: Liv Monica Stubholt, Partner, Selmer
The world order has been challenged by new imperialism and reset alliances in the global power play. How will the global community re-establish and secure the energy supply for the future?
How are the different markets positioning while the conflict in Ukraine unfolds, post-covid and with the push for energy transition? Will the choice need to be made between energy supply and security versus climate change and sustainability?
Is the developing world lagging behind or taking the smart route? What will the geopolitical repositioning look like ahead?
Moderator & Keynote speaker: Narendra Taneja, Chairman, Independent Energy Policy Institute
Co-moderator: Jason Bordoff, Founding Director, Center on Global Energy Policy and Co-Founding Dean, Columbia Climate School
The energy transition is challenging everyone and everything to change. To make the shift both consumers and industry must accelerate the shift at an un-precedented pace. In a world of increased polarization, how can trust and leadership build the industry culture and the global cooperation needed?
In this session we showcase knowledge and leadership experience built on trust as the key factor.
Moderator: Aida Araissi, Founder Bilateral US-Arab Chamber of Commerce
Targets for sustainability and Net Zero can only be realized with deep electrification. Electrifying our energy system with ex. transportation, heating and cooling will provide greater energy efficiency and a substantial loss of emissions.
Today, electricity accounts for only 20 per cent of the energy demand and is often powered by fossil fuels. Battery, solar, wind and hydrogen projects are building pace, but are depending on fluctuating cycles, weather and digital security.
Moderator: Colette Cohen, CEO, Net Zero Tech Centre
What are the new potentials in the energy system?
The energy industry has been producing oil and gas in the same system for decades, while innovation and technologies have disrupted industries and transformed the global economy.
Moderator: Kimberly Mathisen, CEO, HUB Ocean
What are the roles of the traditional oil and gas companies in the energy transition? How are resources and capital structured and allocated between historical core business and the new low-carbon and renewable growth legs? How will different strategies shape these companies for the next 10 years?
What is the role of private capital – institutional investors and private equity funds – in building an energy system adapted for net zero? How are banks and the public capital markets viewing the funding of oil and gas vs. energy transition strategies, new energy and clean tech companies?
Moderator: Katie Jackson, EVP Acquisition, Divestment & New Business Development, Shell
Co-moderator: Paul Wheeler, Head of International Energy Investment Banking, Jefferies International
At the point when we`re looking back from a net zero world, how do we identify the main turnkeys that got us on the right track?
When did the energy transformation pass the tipping point from oil & gas to renewables?
What commitment and players were the main drivers?
Moderator: Valentina Kretzschmar, Energy Transition Director, Capricorn Energy
The energy transition and new technologies are transforming the global economy. Industries and corporations are adapting to a more complex set of challenges and opportunities by unconventional strategies containing more uncertainty.
How is the energy sector working to meet the changes in customer demands? What are the altitudes on the map of the new energy system and what changes are required in the supply chain?
Moderator: Nick Butler, Visiting Professor, King`s College London