What will the future hold for African oil and gas? On the one hand, the future has never been brighter for offshore projects. Europe’s move away from Russian oil has generated new demand for oil sources, and the continent has a number of high-potential reserves that are only now being developed. On the other hand, time is running out to avoid a climate catastrophe, and curbing new offshore projects could be a key step in preventing a complete environmental breakdown. African offshore projects, like many energy sectors around the world, could be caught in the middle of this dilemma.
Elsewhere, we consider some of the biggest challenges facing the global industry. From work on developing what could be the world’s strongest mineral, to a number of challenges raised by the most recent IEA report, decision-makers in the offshore sector face no shortage of obstacles to overcome an increasingly tense future for the sector. We also go around the world, from the UK to Norway to Colombia, to ask what the future may hold for some of the most unique offshore environments in the world.
On a more human level, we consider the impacts of LGBT+ Pride movements in the offshore sector. The industry is, like many others, eager to embrace ideals of inclusivity and equality, but how sincere are these commitments to social justice issues? And what impacts could this have on LGBT+ employees and figures in the industry?
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In this issue
Stick or twist: the future of African oil, gas and renewables
African countries need to take full advantage of their oil and gas reserves during the energy transition to drive their industrialisation process but they must improve their governance, argues Jason Mitchell.
Potential, problems and Petro: The future of Colombian oil
Despite its abiding position among the largest producers of petroleum in Latin America, Colombian oil and gas has endured a difficult few years. Giles Crosse investigates.
Taking pride: what is the value of corporate LGBT+ Pride campaigns?
Matthew Farmer asks, should energy companies show their stripes when it comes to representation, or do people only see empty words?
Making blue hydrogen and the world’s strongest material
Can blue hydrogen generation also incorporate manufacturing of the world’s strongest material? Matthew Farmer speaks to John Hartley, CEO of energy startup Levidian.
A potent mix of challenges: inside the IEA Energy Investment Report 2022
Despite huge investments in the oil and gas sector, the repercussions of not investing in the right places could be catastrophic, writes Smruthi Nadig.
Windfall tax could raise less than expected and set back renewable investments
The UK windfall tax could raise less than the expected $5.9bn and the investment loophole may even set back climate efforts, argues Isabeau van Halm.
Skills and technology: inside the UK’s latest drilling training facility
UK oil and gas training provider AIS Survivex has opened a new centre for well control instruction in England. Heidi Vella asks how it aims to put technology at the heart of the sector.
At a crossroads: how the future of the Norwegian offshore industry hangs in the balance
With the future of Norwegian oil and gas in the balance, Nnamdi Anyadike investigates the recent past and near future of this vital sector.
Next issue: climate change
Clearly, the oil and gas sector is one of the largest culprits with regard to environmental damage, and there are legitimate questions as to whether minor improvements in efficiency can help mitigate the industry’s considerable environmental footprint. Can oil and gas extraction even exist in a world where the climate hangs in the balance, or will the world’s decision-makers have to choose between our planet and its riches?