Tuesday 14 February 2023
Ministrial Keynote Speech
Egypt’s commitment to sustainability as part of Vision 2030
Egypt is committed to reducing greenhouse gas emissions and combating climate change as part of its Vision 2030 Agenda for Sustainable Development, as well as ensuring energy security, progressing towards the energy transition, and improving health, safety, and environmental practises in the petroleum sector. With Sharm El Sheikh hosting COP27, Egypt’s sustainability strategy and action plan will be highlighted in this opening keynote speech.
Attendees will gain insights into Egypt’s strategy to achieve its Sustainable Development Goals in line with Vision 2030.
Driving sustainable performance in challenging market conditions
Sustainability has been elevated from a minor consideration for oil and gas companies to a vital pillar for long-term corporate competitiveness. The industry is responding by adopting supportive policies for protecting the environment, fast tracking net-zero and optimising health, safety and wellbeing measures across its value chain. During this keynote speech, the challenges that oil and gas operators are facing to drive sustainability performance while retaining profit against a backdrop of supply, demand, and oil price volatility will be emphasised.
The challenges of integrating sustainability throughout oil and gas operations in the present market context will be dissected.
Streamlining operations to tackle climate change and net-zero targets
The selection of Egypt and the UAE to host COP27 and COP28 has put a spotlight on the MENA region to showcase its plans on addressing climate change. With regional NOCs outlining their objectives to reduce greenhouse-gas emissions, how are upstream, midstream and downstream operations being optimised to combat climate change and reach net-zero emissions? What are the obstacles to decarbonising the future of energy and accelerating sustainability? Are new approaches to circular economy frameworks in existing oil and gas business models helping the sector decarbonise?
Energy leaders will explore how the oil and gas industry are taking practical steps to turn climate-change goals into actions.
Digitalisation as an enabler of decarbonisation
Efficiency and streamlined operations are the key to achieving both digitalisation an decarbonisation. To attain net-zero carbon emissions, the energy industry must increase its use of low-carbon fuels in the energy mix. This means not only integrating technology that improves efficiency at existing oil and gas fields and their downstream counterparts, but also harnessing carbon capture technologies. How are NOCs and IOCs leveraging digital technologies to decrease their carbon footprints? What are the technologies with the most potential to tackle decarbonisation?
Digital leaders from IOCs, NOCs, and global energy technology firms will discuss which technologies are having the biggest impact in the pathway to net-zero and how they are currently being deployed.
Demonstrating ESG credentials to drive sustainability and growth
In order to accelerate the sustainability agenda, policymakers have responded by putting in place benchmarks that report on ESG performance. Since its introduction, the oil and gas industry has faced a huge challenge in accurately reporting on ESG targets to investors in a way that articulates a sustainable ROI whilst demonstrating compliance. What ESG conforming businesses models and reorganisational frameworks are companies putting in place to help achieve their long-term sustainable goals and attain energy security?
In this session we look at how the oil and gas sector can articulate and deliver a purpose-driven environmental narrative that attracts ongoing investment and drives the energy transition.
Building partnerships to drive CSR progress in North Africa and the East Mediterranean
Aside from working toward the UN’s SDGs roadmap, the oil and gas industry is raising standards by anticipating market requirements and investing in local communities in which they operate. With community development being an important component of the industry’s organisational ethics, how are oil and gas corporations working together to promote CSR efforts, give back to societies, and support governments in North Africa and the East Mediterranean regions with economic and social transformation? What is the sector doing to align community impact goals with corporate objectives?
This session will look at how the industry is cross-collaborating to further amplify SDG impact whilst also addressing the social and environmental impact of company activities in North African and East Mediterranean communities.
Scaling R&D to unlock technology and enhance industry safety
For oil and gas companies, safety hazards can result in downtime, lost revenue, and, most critically, fatalities or injuries to workers on-site. Although the industry already ensures workers follow stringent health and safety protocols, how can businesses elevate their safety programmes into the future so that digital oilfields and facilities become industry standards which create best in class safe working environments? How can the use of robotics and automation reduce human error and pave the way for a promising future for oil and gas safety efforts?
HSE executives and digital energy leaders will discuss the role technology can play in creating safer worker environments in upstream, midstream and downstream operations.line with Vision 2030.
Advancing the oil and gas safety culture
While posing significant HSE problems for organisations throughout the industry and region, the COVID-19 pandemic highlighted one crucial element, the necessity of not only safety, but health. As accidents and health and safety concerns have taken a toll not just on companies’ bottom lines but also on employee well-being, how is the industry developing its safety culture to foster a safer working environment that promotes mental health? What regulatory compliance are oil and gas operators putting in place to reduce risks in order to enhance their safety culture? How is data on safety and compliance being used to report ESG performance?
Health and safety executives from NOCs, IOCs and EPCs will discuss the key indicators of a strong safety culture and how they are working towards a safety programme that prioritises the health and safety of employees.