Aberdeen Branch Business Breakfast – The Changing Times of the Energy Sector
|Date||April 20, 2021|
|Time|| 07:30 – 09:30am BST |
Henning Bjørvik, Rystad Energy – The subsea market – how to navigate a changing landscape
The subsea market is in a new trough just four years after the previous one. At the same time as the market starts to recover, we are facing a changing landscape. The downturn has accelerated the upstream industry’s shift towards lower-carbon business strategies, with operators making significant commitments in the renewables space and increasing the focus on reducing carbon intensity for oil and gas assets. But not only is the energy transition upon us, in the current environment of breakeven price, cost-effectiveness and short payback time, operators are taking a hard look at their portfolios and numerous projects have already gone back to the drawing board to be scaled down and phased.
Henning Bjørvik, Vice President of Energy Service Research and Rystad Energy will ask whether the end of subsea mega projects is fast approaching and will discuss market dynamics, the future subsea market, fiscal policies, strategic decisions and the key role of technology.