The Energy Transition - Comparative North Sea Approaches
Recorded On: 06/03/2021
Organized by the Europe Chapter
Joanne Edgeler, Senior Investment Manager, Investor Finance, Oil and Gas Authority
Liv Monica Stubholt, Partner, Selmer AS
Jacob Sandholt, Legal Consultant, Gorrissen Federspiel
Moderator: Jim Christie, Director, Decide Wisely Limited
Major oil and gas producing states in Europe are now seriously turning their attention to societal transitions away from fossil fuels. In the last six months, for instance, the UK Government has issued an Energy White Paper entitled “Powering our Net Zero Future”, and a “North Sea Transition Deal” has been agreed through the tripartite partnership between the UK Government, the Oil and Gas Authority and the offshore oil and gas sector. These are the precursors of huge economic and social change. This kind of political, regulatory and legal initiative, which is occurring across the region, will see the creation of new regulatory regimes, the emergence of new energy sources and the development of new types of contracting. But there will still be a need for hydrocarbons for many decades, even if the long-term goal is “Net Zero”. How we transition our energy systems, recognising that oil and gas - with the capital, expertise, infrastructure and supply chain - is crucial to progressing game-changing alternative energies, is vital.
This webinar features an impressive panel of speakers who will share their experiences and observations on these momentous happenings in the UK, Norway and Denmark. What are the main changes likely to be and how can the oil and gas industry adapt and contribute?
The main topics discussed are:
- What are the energy options which will allow us to achieve Net Zero?
- What are the regulatory options which will allow us to pursue these new energy sources?
- What will be the legal and regulatory impacts on on-going oil and gas operations?
- High-level discussions of such issues as carbon capture, offshore electrification, expansion of the hydrogen economy, and the opportunities for the oil industry to affirmatively drive change.
Senior Investment Manager, Investor Finance, Oil and Gas Authority
Joanne Edgeler joined the OGA in 2015 and is a Senior Investment Manager within the Investor Finance team. She has key responsibility for global investor engagement, in order to promote the UK oil & gas industry, the industry’s energy transition, and the role that oil & gas should play in supporting the UK’s commitment to net zero 2050.
With a leading role in understanding investor perceptions, mitigating potential barriers to investment, and promoting the importance of good corporate governance and ESG practices and principles, Joanne recently chaired the OGA’s ESG Taskforce to provide guidance to industry around the importance of ESG to investors, to secure future access to capital, and to continued investor confidence in the UK North Sea.
Prior to her time at the OGA, Joanne spent 17 years working in the UK asset management industry, at both Aberdeen Asset Management and Standard Life Investments (now combined under Aberdeen Standard Investments) where she was responsible for policy, investor relations and ESG.
Joanne lives in Aberdeenshire with her husband, and 11 year old twin children. She enjoys photography, reading and running in her spare time.
Liv Monica Stubholt
Partner, Selmer AS
Liv Monica Stubholt is partner in law firm Selmer’s energy department and head of Selmer's ESG task force.
Liv Monica Stubholt brings both industry executive and political experience to the provision of legal services. She serves as non- executive board member for a few select clients particularly the energy sector.
She has a long standing engagement in advising on the legal dimension of ESG and sustainability, including advice on framework conditions for the integration of the EU taxonomy and UN Sustainable Development Goals in business strategy and change management.
She has also spent several years as investment director and top industry executive in one of Norway’s largest energy industry players; the Aker Group.
Her accomplishments further include public office, serving as deputy minister in the Ministry of Foreign Affairs and later as deputy minister in the Ministry of Petroleum and Energy in Norway.
She serves on the board of the international business alliance World Ocean Council, working for corporate ocean responsibility.
Legal Consultant, Gorrissen Federspiel
Jacob Sandholt provides specialized advice on sector legislation within the field of energy law across the value chain. He has a broad infrastructure and utilities experience, with particular expertise within renewables, energy and natural resources. Jacob has almost fifteen years energy regulatory, transactional and major projects experience.
Having previously worked for Energinet and Ørsted, Jacob has obtained in-depth knowledge of the energy sector and gained vast specialist knowledge of this field. Further, Jacob has also completed the LL.M programme "North Sea Energy Law Programme" at the universities in Groningen, Oslo, Aberdeen and Copenhagen.
Jim Christie (Moderator)
Principal, Decide Wisely
Jim Christie has over 40 years’ experience in oil and gas construction and decommissioning projects. Jim has worked across the world, but has more recently been based in the UK and Gulf of Mexico, focused on onshore and offshore decommissioning.
Jim was the Global Decommissioning Projects Manager for Marathon Oil Company in Houston, with a world-wide remit, including the UKCS and Norway
Following his retirement from Marathon, Jim took up the role of Head of Decommissioning for the Oil and Gas Authority. While there, Jim was responsible for chairing the Decommissioning Task Force, developing and publishing the OGA Decommissioning Strategy, its supporting execution plan, and updating the overall UKCS cost estimate.
Jim currently works in an advisory capacity aiding both operators and service providers. Jim’s focus is on early planning, decision making, campaign developments, plus the development and implementation of execution and contracting strategies.