Environmental

The “Great Crew Change” has become the “Competence Train Wreck” due to the repeated personal mis-management practices of our industry and again not anticipating the known volatility of commodity prices. Despite this, hydrocarbon based energy will continue to comprise over 60% of the world’s energy mix for at least the next half century and of that energy need over half of it has yet to be found! Personal experience in working for National Oil Companies, Parastatals, large independent oil companies, small independents, as an independent and as a consultant have given me the perspective of some of the best and some of the worst of the exploration practices the industry has to offer.

Fossil fuels have led to a profound increase in world living standards but resulting emissions of CO2 and methane into the atmosphere are a primary factor in climate change. Atmospheric content of CO2 and methane have risen 146% and 257% respectively since pre-industrial time and the rate of increase through 2019 has accelerated. If significant steps are not taken in the coming decade to halt the increase in greenhouse gas emissions (GHG), a phase may be reached in the 2030-2050-time frame described as a “tipping point”, in which steady changes may be replaced by a large-scale change in the climate system. The Middle East is an area of high climate change vulnerability in the coming decades due to extreme temperatures, sea level rise and changing weather patterns.