OIL & GAS MANAGEMENT IN THIS NEW ERA OF ENERGY TRANSITION AND CLIMATE CHANGE: ADDRESSING ENERGY SCARCITY & PRICE VOLATILITY
Location: London, United Kingdom
Date: 25th-29th July 2022
This training is brought to you by:
Overview
The increasing role of fossil fuels including oil, gas and coal has been well manifested in the recent years, especially given the current global energy crisis experienced in different countries. Despite efforts to achieve the United Nations Sustainable Development Goal 13 focused on Climate Action, coupled with the global move to achieve the goals stipulated in the 2015 Paris Agreement- the current global crisis has hiked oil and gas prices- which have been on a steady climb in recent months – reaching its highest level since 2014. Whereas the surge in oil and gas prices was initially associated with the economic recovery from the COVID-19 Pandemic, the situation has been exacerbated by the Russian-Ukraine geopolitics- and previously the financial risks associated with extractives.
Oil & Gas companies, government agencies, institutions, civil society and other relevant stakeholder are therefore faced with the twin challenge of addressing energy security and at the same time tackling climate change. The legal and fiscal regime for the petroleum industry must be analysed to highlight if these are in line with the current developments in the sector.
Taking stock of the above, in this 5-day executive training, we shall critically explore the key issues regarding the development of the petroleum sector at the national, regional and international level. The event is a combination of industry panel discussions and research-based expert extensive executive training delivered by international Energy Professors and Experts who have done extensive research in these areas.
Our team of experts will address how Petroleum firms and government agencies can adequately address and incorporate the Environmental, Social and Governance (ESG) in their everyday activities.
Additionally, transitioning to a low-carbon economy has highlighted the dependence of the energy sector on critical minerals. One might ask, the extractive industry being a non-renewable sector, what happens if we run out of critical minerals that are essential in the energy transition? In the event of a wholesome energy transition, is it possible for countries to fail to meet the global demand for low-carbon technology? Well, these are valid questions since low-carbon technologies require more minerals than fossil fuel technologies. For instance, reliable data shows that an electric car uses five times as much minerals as a conventional car and an onshore wind plant requires eight times as much minerals as a gas-fired plant of the same capacity. Consequently, electric transport and grid storage are currently the largest consumers of lithium, together accounting for 35 per cent of total demand.
The above clearly brings out the nexus between the energy sector and the mining sector. Consequently, all these issues will be addressed in this executive training. We shall explore how countries can manage investments in the extractive industries in this energy transition era. We shall explore the geological and geographical aspects that influence security of supply for critical minerals such as cobalt that are crucial to transition to a low a carbon economy and tackling climate change. The executive training shall address how to negotiate oil and gas agreements in this energy transition era. This executive training is suited for industry professionals, government agencies, civil society, Human Resources professionals and students interested in the Oil, Gas, Energy, Climate Change and the Mining sector.
FEES
£3,000 for individuals and small groups of 3
20% discount for companies and groups of more than 3
ENQUIRIES: v.nalule@nemenergyco.com
FACILITATORS/ INTERNATIONAL ENERGY EXPERTS (Facilitator biographies available at www.nemenergyco.com )
- Dr Victoria R Nalule (International Energy Lawyer)
- Dr Theophilus Acheampong (International Energy Economist)
- Professor Eduardo Pereira (International Energy Lawyer)
- Professor Damilola Olayuwi (International Energy and Environmental Lawyer)
Training Program
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DAY 1
THE INCREASING ROLE OF OIL & GAS: MANAGING INVESTMENTS IN HOST GOVERNMENTS
Key issues to address in the executive training
- Discovery and allocation of resource rights
- How to negotiate oil and gas agreements in this energy transition era?
- Exploring key contractual agreements including the Petroleum Sharing Agreements; Joint Ventures and Joint Operating Agreements.
- Exploring the fiscal and taxation regimes for oil and gas.
- How is the geopolitics affecting the energy sector globally?
- What can be done to curb the surging oil and gas prices?
- What is the implication of this energy crisis on the global move to tackle climate change?
- Exploring stabilisation clauses in petroleum agreements
- Addressing transparency and accountability
- State-owned companies governance
- Fiscal regimes and taxation
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DAY 2
THE PRACTICALITY OF ENERGY TRANSITIONS & CLIMATE CHANGE: MANAGING RISKS IN OIL & GAS
Key issues to address in the executive training
- Implication of energy transitions on developing and developed countries
- Exploring the alternative of Energy Progression
- Global Climate Change Initiatives: prospects and challenges of achieving these
- Opportunities and challenges of achieving a low-carbon economy
- Energy justice issues and how they can be achieved
- Exploring a just energy transition
- Legal and regulatory reforms necessary for energy transitions and climate change
- Managing fossil fuels in this energy transition and climate change era
- Environmental and social impacts of extractions as a driver for energy transitions
- Geographies of energy transitions and climate change
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DAY 3
THE INCREASING ROLE OF CRITICAL MINERALS IN ACHIEVING THE ENERGY TRASITION
Key issues to address in the executive training
- Exploring key issues in mining
- What is the nexus between mining and energy?
- What are critical minerals?
- Exploring the legal and regulatory reforms for managing critical minerals
- The fiscal and taxation regime for critical minerals
- Climate change impacts on critical minerals
- The geological and geographical impacts on security of supply for critical minerals
- How is climate change impacting critical minerals?
- How can the oil and gas sector finance critical minerals for energy transitions?
- The different generations of legal and fiscal regimes for critical minerals
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DAY 4
ENVIRONMENTAL, SOCIAL AND GOVERNANCE IN THE ENERGY SECTOR: ADDRESSING SOCIETAL CONCERNS
Key issues to address in the executive training
- How can companies address environmental impacts?
- What should be done to embrace societal acceptance including acquiring a social licence to operate?
- What should be considered when acquiring a Social Licence to Operate?
- Practicability of Corporate Social Responsibility
- Land access and relocations in oil and gas
- Managing social expectations from local communities
- Practical ways to implement ESG in oil and gas projects
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DAY 5
ADDRESSING SOCIETAL CONCERNS & LOCAL CONTENT IMPLEMENTATION: EXPERT PANEL DISCUSSION
- Local content requirements in Oil and Gas
- The legal and regulatory framework for local content
- The readiness of local firms and personnel to benefit from the oil and gas sector
- How to effectively implement local content policies
- Comparative analysis and case studies of local content practices in different countries
- Recap of the previous discussion
- Expert panel discussion
- Executive training conclusion