As the global energy sector advances toward decarbonization, engineers are at the forefront of adapting established hydrocarbon systems while integrating emerging low-carbon technologies. This session provides a detailed technical and market outlook on how the industry is evolving across key domains of the energy transition.

Discussions will address the ongoing role of hydrocarbons amid net-zero objectives, alongside project pipeline developments in carbon capture and storage (CCS) and geothermal energy. Offshore spending trends will be examined in depth, highlighting capital expenditure patterns across regions and service segments, including new drilling, well intervention, and maintenance.

The session will also explore project sanctioning activity and Final Investment Decision (FID) trends, with a regional focus on the North Sea and a comparative analysis of the UK and Norwegian markets. Additional topics include the implementation of digital oilfield technologies and their operational impact, consolidation trends among operators and service providers, and an outlook for the rigs and vessels market.

Together, these discussions will provide technical professionals with a comprehensive view of the engineering, operational, and market factors shaping the upstream sector’s path through the energy transition.

Speaker

0815-0900: Energy Supply Chain Trends and Market Insights, Anya Albot, Rystad