We are excited to announce that Dr. Henry Lopez will be our guest speaker for our December meeting. Dr. Lopez will be presenting his insights on "Industry 2022 Outlook - The Transformation Journey for The Oil and Gas Industry Has Just Begun"
Please plan on joining us at the City Club on December 16th for what promises to be a very memorable event. Register early and avoid the rush (and the $5 Late Registration Fee)!
Abstract
The Oil and Gas industry has undergone a continuous transformation in the past years driven by a complex set of causes that are slowly reshaping the landscape. Taking a pick at our European neighbors and the speed of the change process worldwide in the oil and gas industry, we know that the transformation journey is just getting more and more intense, as many companies continue to reinvent themselves amid conflicting demands from investors and regulatory bodies, and oil price and market volatility.
The COVID-19 pandemic accelerated the change, creating a stringent need for oil and gas companies to decarbonize their operations, adopt and implement comprehensive ESG programs, and redirect capital to renewable energy developments. The unexpected continued to happen in 2021. Oil prices in October reached 6-year high, and this boosted even more energy transition plans, while maintaining the capital discipline and honoring other financial goals established in 2020. From 2022 onward, the oil and gas organizations, should aim to become increasingly agile, resilient and embrace change, to better compensate the pressure of the very complex future that is expected. The focus should be on three main components: optimization of business performance, creation of new business capabilities and strengthening technology foundations.
The transformation roadmap should include all trends from the industry with a focus on change acceleration. How companies need to adapt their overall strategy to accelerate their sustainability transformation? What is next on ESG reporting? What role analytics and digitalization play in this change? What new skills and certifications will be needed for new programs and ongoing initiatives to succeed? What recognition programs organizations must implement to reward stakeholders for achieving environmental and social standards? This presentation is intended to answer not only these questions, but also provide an overview of the most innovative elucidations and systems to accelerate the ideation and creation of new solutions in this changing environment. There is light at the end of the tunnel!
Biography
Dr. Henry Lopez is a seasoned business executive, community leader, and transformation expert with more than 20 years of experience in the Oil and Gas industry. In 2019, Dr Lopez founded Inteleum, a highly specialized petroleum transformation firm, that aims to provide expertise and solutions to upstream and midstream companies in their transition process towards building more profitable, sustainable, efficient, and compliant organizations. As a reputable petroleum engineer, Dr. Lopez’s work focused on unconventional and conventional reservoirs in the US, Canada, and Latin America. Previously, Henry spent five years with Pioneer Natural Resources where he successfully led the advancement of several operational and production optimization programs. Prior to joining Pioneer, Henry spent eight years with Shell Upstream Americas providing technical support in production and hydraulic fracturing to Unconventional assets and coordinating R&D and new technology deployment projects. Henry holds a PhD in Petroleum Engineering from Colorado School Mines, a M.Sc. in Petroleum Engineering from Texas A&M University and a B.Sc. in Mechanical Engineering from Universidad de Los Andes, Venezuela.