The changing face of the oil and gas industry



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Preben Str & oslash; m, general manager of Energy Valley

Valley of Energy

The world of energy is changing and this transformation is occurring at a rapidly expanding pace. Stimulated by growing public concern about environmental issues, as evidenced by the recent climate that protects against the Extinction Rebellion that paralyzed much of central London for a week and the success of the Green parties in the last election in European Parliament.

Facing the fossil fuel dilemma

Although the continued and growing use of fossil fuels is not the only concern, it is at the heart of the events. Just look at the giant companies that are conducting oil and gas exploration to make sure that the energy landscape is changing. In general, unless there is an apocalyptic change in the way we live, fossil fuels will be needed over the next two decades, but it is planning their disappearance that is central to concerns.

Although we are not in the top 20 worldwide in terms of turnover, we have witnessed the recent change of name of the Norwegian oil company Statoil in Equinor. A decision that, in their view, highlights their transition to a clean energy society of tomorrow, although still driven by oil and gas revenues until the middle of the century. The Danish energy company DONG (Danish Oil and Natural Gas) has gone a step further by selling all its upstream oil and gas badets as part of its brand change for Orsted.

"Our vision is a world entirely based on green energy," said Thomas Thune Andersen, chairman of the board of directors. "Climate change is one of the most serious challenges facing the world today. To avoid seriously harming global ecosystems, we must fundamentally change the way we feed the world by switching from black to green energy. "

A name for the time

At the 10th annual Subsea Valley (SSV) conference in Fornebu, Norway, last month, a similar change was made, the group being renamed Energy Valley. While not abandoning the oil and gas heritage on which the energy cluster had been built, it was acknowledged that they had to change to support the aspirations of their member societies.

Subsea Valley (SSV) was first conceived in 2010 to support the efforts of technology companies serving the oil and gas sector. Traditionally, the valley consisted of Fornebu, Sandvika, Asker, Tranby, Drammen, Hokksund and Kongsberg, with a total length of about 75 km. The SSV includes 184 companies and integrates three of the five major underwater engineering companies competing in the sector.

Driving energy excellence

Energy Valley is a technology center and a Norwegian center of expertise (NCE) specializing in energy technologies with a center of gravity in the great capital of Norway, "says Preben Stroslash; m, General Manager of Energy Valley. "By providing an infrastructure for collaboration, knowledge transfer and new opportunities, we are helping our members to adapt to, benefit from and contribute to the energy transitioning sector.

"The fact that Subsea Valley is becoming Energy Valley does not mean we are leaving the submarine, but we are seizing opportunities, expanding our scope, adjusting the energy transition and opportunities in our evolving industry.

Two years ago, the group was awarded the National Center for Energy Technology Expertise by the country, thus baduming the national and international development mandate of the energy sector. ;energy. "Our new name reflects our new strategy, our new position and our ambitions," says Ströslash; m. "We are ready to design the energy future."

Karl Johnny Hersvik, CEO of Aker BP, has echoed this sentiment. "If you want to change the world, be part of the oil industry," he says. He went on to stress the value of developing better energy systems in oil and gas for the wider energy transition. "No industry has a better opportunity to finance the energy transition than oil and gas," he says. "It's part of our company's improvement programs to drive change. We should be proud. "

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Preben Strøm, General Manager of Energy Valley

Valley of Energy

The world of energy is changing and this transformation is occurring at a rapidly expanding pace. Stimulated by growing public concern about environmental issues, as evidenced by the recent climate that protects against the Extinction Rebellion that paralyzed much of central London for a week and the success of the Green parties in the last election in European Parliament.

Facing the fossil fuel dilemma

Although the continued and growing use of fossil fuels is not the only concern, it is at the heart of the events. Just look at the giant companies that are conducting oil and gas exploration to make sure that the energy landscape is changing. In general, unless there is an apocalyptic change in the way we live, fossil fuels will be needed over the next two decades, but it is planning their disappearance that is central to concerns.

Although we are not in the top 20 worldwide in terms of turnover, we have witnessed the recent change of name of the Norwegian oil company Statoil in Equinor. A decision that, in their view, highlights their transition to a clean energy society of tomorrow, although still driven by oil and gas revenues until the middle of the century. The Danish energy company DONG (Danish Oil and Natural Gas) has gone a step further by selling all its upstream oil and gas badets as part of its brand change for Orsted.

"Our vision is a world entirely based on green energy," said Thomas Thune Andersen, chairman of the board of directors. "Climate change is one of the most serious challenges facing the world today. To avoid seriously harming global ecosystems, we must fundamentally change the way we feed the world from black to green.

A name for the time

At the 10th annual Subsea Valley (SSV) conference in Fornebu, Norway, last month, a similar change was made, the group being renamed Energy Valley. While not abandoning the oil and gas heritage on which the energy cluster had been built, it was acknowledged that they had to change to support the aspirations of their member societies.

Subsea Valley (SSV) was first conceived in 2010 to support the efforts of technology companies serving the oil and gas sector. Traditionally, the valley consisted of Fornebu, Sandvika, Asker, Tranby, Drammen, Hokksund and Kongsberg, with a total length of about 75 km. The SSV includes 184 companies and integrates three of the five major underwater engineering companies competing in the sector.

Driving energy excellence

Energy Valley is a technology hub and Norwegian center of expertise (NCE) in the energy technology sector with a center of gravity in the Norwegian capital region, "said Preben Strøm, managing director of Energy Valley. "By providing an infrastructure for collaboration, knowledge transfer and new opportunities, we are helping our members to adapt to, benefit from and contribute to the energy transitioning sector.

"The fact that Subsea Valley is becoming Energy Valley does not mean we are leaving the submarine, but we are seizing opportunities, expanding our scope, adjusting the energy transition and opportunities in our evolving industry.

Two years ago, the group was awarded the National Center for Energy Technology Expertise by the country, thus baduming the national and international development mandate of the energy sector. ;energy. "Our new name reflects our new strategy, our new position and our ambitions," adds Strøm. "We are ready to design the energy future."

Karl Johnny Hersvik, CEO of Aker BP, has echoed this sentiment. "If you want to change the world, be part of the oil industry," he says. He went on to stress the value of developing better energy systems in oil and gas for the wider energy transition. "No industry has a better opportunity to finance the energy transition than oil and gas," he says. "It's part of our company's improvement programs to drive change. We should be proud. "

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