SPE Austin - June Distinguished Lecturer Luncheon

What Does the Energy Transition Actually Mean for the Oil & Gas Industry?

by Bez Hoxha with CyberworX Energy

Abstract

What does energy transition mean? What are we transitioning to? How and when will we get there? In hindsight, the energy transition movement means different things to different entities. To operators, the primary focus is to transform their business (influenced by regulations and legislative policies) by reducing their carbon emissions while also investing in cleaner low-carbon energy sources, such as geothermal and hydrogen. For service companies, it is another potential revenue stream by offering products and services to oil and gas operators, as well as renewable power generation companies. For governments, it is defined as an essential need for energy diversification in order to achieve sustainable, self-sufficient solutions that are less impacted by socio-economic or geo-political factors, i.e., energy security. It is important that the public understand what is driving this paradigm shift: technology, policy, and cultural change. The energy transition concept will be broken down as a current buzzword and popular concept that is fettered by technology hype, political agendas, and/or financial influences that are attached to the term. Finally, light will be shined on how the industry's previous institutional mindset has changed to a broad, open-minded desire to create a net-positive outcome using Environmental, Social, and Governance techniques.

Biography

Bez Hoxha is a skilled energy consultant with over 40 publications, 4 patents, 1 book, and 15 years of experience in the energy sector – hydrocarbons to renewables market research, academic research, strategic consulting (operations and product development), and real-world drilling experience (globally and internationally, offshore, and onshore). Previously, Bez worked as an associate consultant at Darcy Partners, focused on market intelligence and management consulting for oil and gas operators and an Energy Technologist at Baker Hughes, engaged on techno-commercial applications in energy transition projects. Additionally, he also has experience as Sr. Research Scientist in academia. Bez is active in SPE as a committee member for ATCE and ADIPEC. Bez has a master’s degree in petroleum engineering and a PhD in Management in Energy Transition.