Expert Insight

Four Things we Learned in China
Craig Bennett , EVP Corporate Development, APAC, Oil and Gas Council
China has become, unknown to many, a leading light in both the promotion and adoption of renewable energy sources. While other countries stumble (often clumsily) with energy investment, policy and/or leadership, China has made aspirational strides forward, leaving many countries embarrassingly behind.
Judy Marks, CEO, Siemens USA
While previous industry revolutions gave industry new tools, the fourth revolution gives us new knowledge. Every day, the keeper of this knowledge – the internet of things – is adding five million new devices (we’ll go from today’s 8 billion connected devices to a trillion by 2030). Yet at the same time, the industrial world is still only in the very early stages of tapping into this new intelligence: While 90 percent of the world’s data was created in the last two years, only a miniscule portion of this data has been analyzed or used.
David Baker, Tom Bartlett, Richard Jones, and Paul Griffin, White & Case
Historically, the attitude towards decommissioning disused offshore oil and gas platforms—'abandonment' as it was previously known—has been largely negative, with companies viewing mature installations as a burden rather than an opportunity for a new source of revenue. But the mood has changed.
Richard Norris, Oil & Gas Advisor,, Helios Investment Partners
Maybe there was a certain pride, nay, smugness around the O&G industry a few years ago... and despite the last 3 years of "downturn", remnants of this may even remain in some corners. The reality now though, is that we are proud of an industry that is elsewhere perceived to be akin to tobacco, armaments and banking, vying for last place in the popularity stakes. At drinks and dinners, say you work in "Energy" not Oil... and feel the different reaction you get.

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