How are energy companies meeting energy transition goals?
Three questions to Steve Harley, Energy sector president at DHL
1. Are your oil and gas industry customers really committed to the transition to a low-carbon energy system?
Absolutely. Energy companies know the transition is underway, and it’s informing every part of their decision-making. You can see that in changes to the way these companies run their own operations, in the way they’re adjusting their portfolios to emphasize more efficient reserves, and in the investments they’re making in clean technologies and new energy businesses.
2. Does that mean the age of Big Oil is over?
Not yet. Nobody knows exactly how the transition will play out, but the consensus view is that demand for oil and gas will keep rising for the next 10 years or more, driven largely by demand from emerging economies. Even after that, fossil fuels will be an important part of the energy mix for much of this century. Moreover, many of the technologies, skills and capabilities developed in oil and gas will still be extremely relevant in future energy systems. The ability to manage complex offshore engineering projects has already been instrumental in the success of the wind energy sector, for example.
3. How can DHL help energy companies meet their transition goals?
I think we’re already playing an important role. Many of our customers have ambitious plans to reduce the emissions associated with their direct operations, and logistics has a big part to play there. We’re also collaborating with energy companies as they enter new industry sectors and develop new types of business, whether that’s electric mobility or the delivery of new services and solutions directly to businesses and end consumers.
Published: October 2019