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Energy Transition Strategies from Old to New: 5 Reasons to Attend Quorum’s Webinar with Oil & Gas Journal

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From assessing the applicability of new businesses and performing asset rationalization, to evaluating the carbon reducing potential of new technology, companies face dozens of challenges in migrating to more sustainable energy sources. In over two decades of working with strategic planning groups, executives and other stakeholders across the energy industry, our team at Quorum Software has identified several common pain points and best practices in executing a successful energy transition through strategic planning.

Designed for a large cross section of start-ups, independents, IOCs and NOCs, our upcoming panel discussion with Oil & Gas Journal will provide an overview of these ideas as well as a conceptual frame for leveraging this material. Here’s a sneak preview of what the panel will be discussing, and why you should be sure to attend:

1. Learn how to overcome the most common challenges associated with reducing CO2 emissions.

Reduction of CO2 emissions has become a key component of many E&P company strategies, reflecting the accelerating demands of interest groups, activist investors and country-specific legislation for targets and measures of carbon footprint reduction. The panel will take a deep dive into the most common pain points E&P companies have when looking to reduce CO2 emissions, the strategic challenges they often face approaching the transition and actionable steps you can take in preparing to implement carbon reduction objectives.

2. Obtain a roadmap for navigating common pain points and planning a successful transition.

Every company is different — and designing and pacing transitions appropriately for your organization is key to achieving long term success. From adapting corporate performance forecasts to new metrics, to determining the optimal timing for integrating new businesses, companies need to be prepared for the ever-changing road ahead. This panel discussion will provide a framework for addressing common uncertainties and outline the key considerations for navigating a successful strategic transition.

3. Find out how to effectively evaluate new opportunities.

Evaluating new and unknown business types is a challenge in any industry, but the commercial complexities of the energy sector create a unique set of limitations and contingencies. This webinar will address the key assumptions inherent to clean energy businesses and explain how to quantify the value and cost trade-offs of strategic transition plans. You'll learn how to think critically about which new energy businesses best mesh with your existing business, and how your company can match skillsets, cash flows, scale and materiality to evaluate new businesses efficiently and realistically.

4. Discover how to leverage existing business while supporting emerging lines of business.

Carbon reduction objectives often run directly counter to existing E&P business model deliverables, with dramatically different investment requirements and cash flow profiles. In the migration to sustainable energy, companies sometimes face the daunting task of refining a “blended” strategy to guide actionable decisions towards a clean and smooth transition, where new and old lines of businesses must work in harmony.

In this discussion, you’ll learn how to quantify the performance of the existing business model, using specific metrics and forecasts to define desired changes to performance measures in relation to carbon reduction, and determine which existing assets are crucial for the blended performance.

5. Hear firsthand from experts deeply ingrained in the oil and gas industry.

You’ll hear insights and best practices from experts with decades of experience in the field, and have the opportunity to ask your most pressing energy transition questions. The webinar presenters include:

  • Paul Allan: As Practice Lead and Vice President Consulting at Quorum, Paul works with a wide range of international clients in support of strategic planning, capital allocation, risk assessment and decision making under uncertainty. His consulting work involves assessing company portfolios and advising senior executives and management on strategy, risk mitigation and the evaluation of major projects and options.
  • Rob Minson: As Managing Director of CarbonTP, Rob advises in the areas of corporate strategy and planning, portfolio management and optimization, reserves and resource evaluation, petroleum economics and field development planning. His experience spans projects in CSG-LNG, integrated gas and conventional onshore and offshore oil and gas resource plays across the full E&P lifecycle.
  • Matthias Hartung: As VP Technical Data at Wintershall DEA, Matthias co-created the digital transformation journey of an energy super-major. He’s an executive consultant in the area of data and digital, with over 30 years of energy industry expertise from geophysicist to strategic leader, and brings an attractive blend of people, process and technology management skills.
  • Josh Etkind: Shell Upstream Deepwater Digital Transformation Manager has over 20 years of energy industry experience leading global teams to deliver mega projects and breakthrough innovations across the energy value chain including subsurface, wells, LNG R&D innovation, decommissioning & restoration, sustainable development, and mega-project delivery.  Etkind is a Petroleum Engineer by background, a certified Sustainability Practitioner, and a Fellow of the Loyola University Institute of Environmental Communications. He concurrently serves as CEO of Sanitation for All, an International NGO focused on helping disadvantaged communities gain access to the basic human dignity afforded by clean drinking water and toilets. Having previously served on the SPE Board of Directors from 2007-’10, he is now Chair of the Sustainable Development Technical Section and Chair of the SPE Gaia Sustainability Program which partners with industry thought leaders to help members operationalize sustainability concepts in their daily work. He has received numerous awards and recognitions for his service to the SPE membership and to society including receiving the 2021 SPE International Public Service Award, the 2013 SPE Distinguished Service Award granting him lifetime Distinguished membership, the 2010 American Petroleum Institute Meritorious Service Award, and the 2004 SPE International Young Member Outstanding Service Award. Etkind is an active energy innovator evidenced by two advanced energy-related patents.
  • Torgeir Stordal is Director of Technology, Analysis and Coexistence at the Norwegian Petroleum Directorate since 2021. His additional responsibilities includes all technical studies within E&P, seabed minerals exploration and CO2 storage. He joined the NPD as Exploration Director in 2017 after nearly 28 years with Shell. Stordal is geophysicist by training and has had several technical, commercial and leadership roles within the E&P business, but spent most of his time in Exploration. He was Exploration Manager for Shell in Norway from 2009-2013.

Tune in to the webinar with Oil & Gas Journal on Thursday, June 16 at 9:00 a.m. CST.

Learn more and register here.