The Energy Republic September Edition

ONS 2022 FEATURES
69
President Zelensky Invites Investors to
Explore Opportunities in Ukraine's Energy,
Oil, Gas Industry
Norway Commits EUR 205 Million to Fund
70
Natural Gas Supply to Ukraine
71
Equinor, Shell, TotalEnergies Signs
Commercial Agreement on Carbon
Capture and Storage Deal
ONS CONFERENCE 2022 PRESENTS ‘TRUST’ AGENDA
For Growth Opportunities in Offshore Energy Industry
By Ndubuisi Micheal Obineme
Offshore Northern Seas (ONS) Conference
and Exhibition 2022 comes at a time when
the world is facing challenges in shortage of
energy supply following the Russia-Ukraine
war coupled with the global energy
transition agenda and net zero ambitions.
ONS Conference 2022 taking place from
29th August to 1st September 2022 with
the theme "TRUST' provides an insight into
the crucial issues in the offshore energy
industry, including the energy security crisis
in Europe.
Speaking at the opening ceremony, Edward
Daniels, Chair ONS Conference Committee
said many countries are facing challenges
ranging from the impact of COVID-19, the
war in Ukraine, anxiety about the security
of supply, the challenge of the energy
transition, and even the highest inflation in
decades hitting many countries.
“
Lack of trust plays an
important role in all
of these challenges.
What matters is we need to address this,"
said Daniels.
"Whether it's trust in scientists and experts,
trust in governments, and energy
companies. We know that people have a
hard time trusting energy companies. We
need to restore the trust in the energy
sector.
“We need to continue to invest and
collaborate because it's the only way that
we can achieve our goal, as we all want to
see a fair and clean energy system that has
zero emissions in tackling climate change”
He added, "I believe there's only one real
way to restore trust. The energy business
needs to do the right thing. And we need to
be fully transparent with the targets and the
actions that we're taking.
"We need to be very open about the fact
that the world can't immediately dismantle
the fossil fuel industry.
“
The world is going to
continue to invest in the
supply of oil and gas for
years to come..
And at the same time, the world has got to
tackle climate change to achieve a net zero
emissions energy system.
"This is a balance we need to get right. And if
it were easy, we'd have done it by now. This
is a difficult thing to do.
"To move the world's energy supply away
from fossil fuels, we need to work on
demand and supply, moving demand from
hydrocarbon-based energies to low
emissions forms of energy..
"Countries, companies, and communities
have all set ambitious targets. But these
targets have to be conjoined with practical
action. The whole of the energy sector,
including oil and gas companies need to act
responsibly and drive the energy transition
forward. But the energy sector can't do it
alone.
67
THE ENERGY REPUBLIC I SPECIAL EDITION