Abstract
This is an article condensing some of the thoughts from this years’ panelists and moderator about the venture capital view for technology and innovation. The group has vast experience from operations, field development, innovation and disruptive technology, venture capital, startups and scaleups.
There is a huge potential for the oil and gas industry to mould and be part of the charge in the energy transition roadmap. This points squarely at the strengths of the existing energy juggernaut of the O&G industry. whereby our agility, technical prowess and scalability to utilise the offshore environment in the development and utilization of new energy resources.
The O&G sector is in a transformative phase, where Efficiency, Sustainability and Carbon Footprint have a significant focus. Efficiency improvements for existing O&G production (improve recovery with lower cost), utilizing sustainable energy resources (e.g. renewables, electrification, energy storage) and carbon neutrality via Greenhouse Gas (GHG) emission reductions and Carbon Capture & Underground Storage (CCUS) technologies.
