When we talk of ESG (environmental, social and corporate governance) in oil and gas, the focus inevitably turns to toward the “E.” But, you shouldn’t forget the “S” and “G,” said TGS CEO Kristian Johansen.
“You forget that the industry makes strong contributions to the social and governance,” Johansen said in this wide ranging interview with Hart Energy. It’s important because those are the main drivers toward any goals of reaching net zero emissions, he added.
Jump to a topic:
- ESG (environmental, social and corporate governance) contribution by oil and gas (0:54)
- Role of service sector in achieving net zero targets (2:53)
- One hand helps the other (3:57)
- ESG in service contract negotiations (4:29)
- Managing the energy transition dilemma (5:48)
- Working with independents on ESG (7:57)
- COVID-19 effect on the energy transition (9:01)
- How R&D may change during the energy transition (9:59)
- Employee changeover in the age of ESG (11:45)
- Industry messaging (13:03)
2020 wasn’t looking like the kind of year an E&P could access capital—and certainly not at less than 2%. For Pioneer Natural Resources Co., it has been
Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt.
E&Ps must allocate risk carefully when drafting contracts, with indemnities in particular demanding careful definition and enforcement.