Highlights from IHS CERAWeek 2014
10 April 2014
IHS Energy CERAWeek is one of the most influential energy conferences in the world with over 300 executive level speakers from most of the largest energy companies. ERM has been the Sustainability Partner of the event for the past 4 years.
Various factors including increasing investor pressure, spiralling development costs and supply/demand dynamics are driving subtle, and not so subtle, changes of priorities in the energy market. These changes include reduced capex spend, more caution around new markets/high cost development projects and the need to manage risk, compliance and reputation even more diligently. These come at a time of an increasingly competitive war for talent and the constant need to achieve greater operational excellence. All of these issues continue to challenge industry executives and will influence their strategies going forward.
This year ERM contributed its thought leadership on a number of key themes which are causing challenges for our clients. ERM leaders spoke about improving performance through HSE operational excellence, obtaining and sustaining a license to operate through better stakeholder engagement and management of non-technical risk, emerging issues in transactions, and difficult technical issues, relating to air quality, and in particular methane.
This document is our top line view of some of the key themes and observations from IHS Energy CERAWeek and our insights. While this is not meant to be an exhaustive summary, we hope it stimulates some thoughts, or reinforces some of your own thinking, which we would be happy to discuss with you.
Download ERM's Highlights from IHS CERAWeek 2014 (422Kb PDF)