Rockwell Automation's Chairman & CEO, Blake Moret - Oil and Gas Leaders magazine, Sep2019

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The Current State of Fossil Fuel According to The World Petroleum Council Dr. Pierce Riemer, Director General & CEO of World Petroleum Council outlined the challenges in the petroleum industry, the future of fossil fuel, new technologies that are disrupting the oil & gas industry, and accomplishments of WPC. In this exclusive Q&A interview, learn about WPC’s mission, critical projects and notable achievements. What are the challenges and obstacles in the petroleum industry? How can we solve these problems? Many would agree that the critical challenges for the oil and gas sector going forward are innovation in technology, the environment, energy poverty and geo-politics. Key to finding solutions for each of those challenges are strategic alliances and closer cooperation among governments, industry and other relevant stakeholders. This is even more important in times of political or financial crisis. Although cooperation between IOC’s and NOC’s is not without its challenges, the potential rewards of enhanced cooperation are significant for both parties and indeed, there are many examples of successful partnerships. The World Petroleum Council (WPC) can facilitate the building of important bridges for all sides to find ways to work together. Strategic alliances enable businesses to gain competitive advantage through access to a partner’s resources, including markets, technologies, capital and people. Teaming up with others adds complementary resources and capabilities, enabling participants to grow and expand more quickly and efficiently. Many fast- 24 18 Oil & Gas Leaders • August 2018
growth technology companies use strategic alliances to benefit from more-established channels of distribution, marketing, or brand reputation of bigger, better-known players. Cooperation also incorporates enhancing relationships with governments, nongovernment organizations, academia, international institutions and the public. For critical issues such as food, water or climate change, no one sector of society can provide the answers on its own but will require cooperation among all sectors. We all live in a rich world. Thanks to energy and innovation we are living longer healthier lives and the standard of living in most countries continues to rise. That said, we have the obscene situation in this day and age where we have over 1 billion people that have no access to any form of energy and we have 2.9 billion people who have no access to clean cooking fuels and use; wood, charcoal, animal dung and other agricultural waste. The latter leads to over 4 million people dying every year (mostly women) prematurely due to illnesses attributed to air pollution from cooking. To put that in perspective they are cooking, for many hours, in an environment that is the equivalent of smoking 400 cigarettes per hour. We are working with the OPEC Fund for International Development (OFID) and others on our Energy Access Platform to highlight all the good things that our industry is achieving in this area to help alleviate energy poverty and support Sustainability Development Goal 7. This is also an area with so many cross overs. We are striving to reduce methane emissions from many areas of the industry and in doing so we can use the gas collected in liquid, compressed or pressurized form to help combat fuel poverty. In fact, when you look at the SDGs, as an industry we are involved with all of them Technology will be a key to the future and the industry is exploring ever more challenging new frontiers where large oil and gas discoveries are being made. So, the future for the oil and gas industry is looking quite bright. But, there is always a but, we need a dedicated and experienced workforce to deliver our energy supply. We need young (men and women) qualified people and we don’t have enough of them. Oil & Gas Leaders • August 2018 19 25
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Rockwell Automation's Chairman & CEO, Blake Moret - Oil and Gas Leaders magazine, Sep2019

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