Energy Transition and Sustainability Strategy for the Oil and Gas Companies
Taking this program will equip your team with practical oil & gas-specific decarbonization instruments and methods
Request "Energy Transition and Sustainability Strategy for the Oil and Gas Companies" program
Training (2 days, 20 hours) or short-term program (5 days, 40 hours)
Duration
Target audience
Middle managers and specialists in energy departments and other company units.
Face-to-face or online learning, with a mix of lectures and hands-on activities from group projects to individual tasks, with some requiring a computer. Active listening techniques are used in both formats.
The energy transition and decarbonization trends are significantly impacting oil and gas companies worldwide. Reducing greenhouse gas emissions is a crucial mandate for investors, business partners, consumers, and society. Despite the accelerated commissioning of new renewable energy capacities, oil and gas will continue to constitute a significant portion of the energy mix. This program equips participants with a comprehensive understanding of decarbonization strategies employed in the oil and gas sector, enabling businesses to select and apply the most effective methods for specific situations.
Formats
About the program
- Comprehensive understanding and expertise in the implementation of corporate decarbonization strategy
- Select and apply the most appropriate renewable energy and sustainability practices within the oil and gas sector to meet corporate goals
- Make strategic decisions related to energy transition, identify opportunities for cost savings and competitive advantage while aligning with global decarbonization targets
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Educational outcomes
Download the Course Brochure
The program will offer participants an overview of worldwide and industry trends in energy transition and decarbonization and will introduce current strategies for the oil and gas sector.
International climate agreements and the global advancement of energy transition profoundly alter the operational landscape for oil and gas companies worldwide. Reducing greenhouse gas (GHG) emissions (Scope 1, 2, and 3) is evolving into a crucial mandate from investors, business partners, consumers, and society at large. At the same time, nearly all forecasts agree that even considering the accelerated commissioning of new renewable energy capacities, oil and gas will continue to constitute a significant portion of the energy mix over the next two to three decades. In recent years, the decarbonization of oil and gas companies has gained significant relevance. This program equips participants with a comprehensive understanding of the various decarbonization strategies employed by oil and gas companies, including specific methods. Upon completion, they will be able to judiciously select and apply the most effective strategies and methods for particular situations.
International climate agreements and the global advancement of energy transition profoundly alter the operational landscape for oil and gas companies worldwide. Reducing greenhouse gas (GHG) emissions (Scope 1, 2, and 3) is evolving into a crucial mandate from investors, business partners, consumers, and society at large. At the same time, nearly all forecasts agree that even considering the accelerated commissioning of new renewable energy capacities, oil and gas will continue to constitute a significant portion of the energy mix over the next two to three decades. In recent years, the decarbonization of oil and gas companies has gained significant relevance. This program equips participants with a comprehensive understanding of the various decarbonization strategies employed by oil and gas companies, including specific methods. Upon completion, they will be able to judiciously select and apply the most effective strategies and methods for particular situations.
The program addresses not only the leading technologies in energy transition (renewables, storage, and hydrogen) that offer diversification opportunities for oil and gas companies but also those aimed at decarbonizing the oil and gas sector, such as CCUS (carbon capture, use, and storage), methods of deep decarbonization using hydrogen, energy efficiency in asset operations, and the most advanced technologies for emission reduction (including methane), among others. Methods for evaluating the carbon intensity of oil and gas operations and approaches for mitigating their impact are showcased. Practical cases are also included.
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Program structure
1.1 Climate change as a driver of decarbonization
1.6. A practical assignment for Module 1
- Anthropogenic and geological causes of climate change
- Climate change action: mitigation and adaptation
- Intergovernmental organizations and international agreements
- International and national climate action plans
- Definition and objectives of the energy transition
- Drivers of the energy transition (climate agenda, new international and national regulations, technological innovations, and public opinion)
- 3Ds – Decentralization, Digitalization, Decarbonization.
- Main technological directions of energy transition (electrification, solar and wind generation, energy storage, hydrogen, e-fuels, carbon capture and storage)
- Barriers: social, economic, political, technological
- Energy trilemma: Energy Security, Accessibility & Affordability, and Environmental Sustainability. Transformation of global energy demand and supply
- Energy transition scenarios
- Circular economy
- Emissions structure and environmental impact of the oil and gas sector
- GHG emissions by value chain
- GHG emissions by scope
- Decarbonization goals and commitments of the largest international oil and gas companies
1.6. A practical assignment for Module 1
2.1. Planning
2.4. A practical assignment for Module 2
- Carbon footprint assessment and disclosure
- Assessment of the company's external operating conditions (economic, regulatory, environmental, social, market)
- Scenario analysis of the company's climate risks in accordance with TCFD recommendations, ranking these risks and identifying priority risks
- Development of the company's climate strategy, setting medium- and long-term climate targets for the company in terms of GHG emissions
- Analysis of the applicability of various decarbonization methods. Assessment of their economic efficiency and emission reductions
- Assessment and management of decarbonization risks and their prevention
- Selection of investment areas
- Allocation of resources among business units in the portfolio
- Decisions on diversification and integration
- Modifications to the corporate management system
- Monitoring, control, and maintenance
2.4. A practical assignment for Module 2
3.1. Corporate strategy methods
3.8. Case study
3.9. A practical assignment for Module 3
- Asset portfolio optimization (divestments, mergers and acquisitions, diversification into green assets and technologies, restructuring, oil and gas chemical development, corporate venture investment)
- Offsetting emissions (carbon trading and voluntary offset schemes)
- Reducing greenhouse gases through investments in regenerative land use and climate projects
- Improving operational efficiency
- Recycling, reusing, and utilization of secondary energy resources
- Improving energy efficiency in the production chain and using secondary energy resources
- Collaborating with counterparties to lower their GHG emissions
- Utilization of associated petroleum gases
- Reduction of methane leaks. Methane detection and mitigation strategies (infrared scanning, drones & satellite monitoring, acoustic detectors, laser spectroscopy, handheld gas detectors, automated monitoring systems)
- Light fraction recovery plants in large storage facilities, methane leak reduction and boil-off gas utilization
- Use of renewable energy sources. Solar, wind and hydropower in the oil and gas sector. Hybrid energy systems
- Electrification of operations
- Reduction of GHG emissions from maritime oil and gas transport by transitioning to low-carbon fuels
- Decarbonization of road transport. Integration of green fuels (hydrogen, biofuels, and synthetic fuels). Electric mobility solutions for the oil and gas industry
- CO2 capture, storage, and utilization. Technology Review (pre-capture, oxidative capture, post-combustion capture, storage in geological formations, mineral carbon storage)
- CO2 removal
- Enhanced oil recovery techniques (CO2-EOR)
- Production, transportation, and sale of hydrogen
- Hydrogen consumption for domestic needs
3.8. Case study
3.9. A practical assignment for Module 3
4.1. Challenges of sustainable development
4.6. Green financing: understanding the concept, instruments, and benchmarks
4.7. Examples of ESG practices for oil and gas companies. Case study
- Historical prerequisites and global trends
- Principles, global initiatives, and concepts
- The UN Sustainable Development Goals (SDGs), their links with ESG, and integration into companies' operations
- Stakeholder engagement
- Developing an ESG strategy and setting ESG goals
- Components of the Governance factor: sustainability management framework
- Components of the Environmental factor: integrating environmental and climate change issues into companies' strategies, calculating Scope 1, 2, and 3 emissions, and approaches to an emission reduction strategy
- Components of the Social factor: human resources, social responsibility, and charity
- Types of ESG risks
- Approaches to building a sustainability risk management system
- Types of non-financial reports
- Reporting structure and requirements
- Identification of material topics
- ESG Disclosure Standards
4.6. Green financing: understanding the concept, instruments, and benchmarks
4.7. Examples of ESG practices for oil and gas companies. Case study
5.1. Approaches to evaluating climate change risks for oil and gas companies
5.2. Developing adaptation strategies to achieve resilience to climate change
5.3. Examples of technological solutions in adaptation strategies of oil and gas companies
5.2. Developing adaptation strategies to achieve resilience to climate change
5.3. Examples of technological solutions in adaptation strategies of oil and gas companies
The program offers a selection of supplementary reading materials (attached).
Practical or project assignments may also be developed.
Practical or project assignments may also be developed.
and our educational expert will contact you shortly
Please describe your request
Daria Ivanova
Educational Program Manager
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Photos by David Thielen, Paul Teysen, Pixabay.
Cancellation & Refund Policy
For legal inquiries: info@neahub.net
© 2024 New Energy Advancement Hub.
Registered trademark. All rights reserved.
Photos by David Thielen, Paul Teysen, Pixabay.
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