Innovation, Sustainability and Transition in the Oil and Gas Sector

Procedure in the event of illness or other valid cause (extenuating circumstances)
If you believe that:

• your performance in assessment or reassessment has been impaired, or;
• you were unable to attend for an assessment or reassessment, or;
• you were unable to submit assessed or reassessed work by the scheduled date due to illness or other valid cause (as defined in the Procedures Governing Extenuating Circumstances), may apply for extenuation for the relevant component

Learning outcome 1: Become familiar with and demonstrate an understanding of the concepts and their applicability to contemporary, sector-specific debates.

Learning outcome 2: Demonstrate both conceptual and applied perspectives.

Learning outcome 3: Demonstrate critical awareness of the study's conceptual underpinnings and apply them to analyse and synthesise industry-related problems.

Learning outcome 4: Develop and express ideas in an analytically sound manner through an industry project.

Learning outcome 5: Have effective written communication of complex ideas and arguments using a range of academic, industry and media sources.

Learning outcome 6: Ability to gather empirical evidence from secondary sources and publicly available data, condense information and present it in an inclusive manner.

Task

In recent years, the need for a transition to a low-carbon energy sector has been strongly expressed, driven by the severe impact of climate change. Such a transition involves the implementation of sustainable technologies such as renewables, electrification infrastructure, carbon capture and storage, etc. In this transition to an ambitious low-carbon energy industry, the companies operating in the Oil and Gas (O&G) sector are under pressure, as they are expected to maintain and improve their economic and reputational resilience. In this context, please critically discuss potential ways in which O&G companies can demonstrate their financial and reputational resilience, and successfully adapt to a low-carbon energy industry.

Your coursework should include a discussion of the following important points:

1. An insightful introduction to the driving force for the transition to a low-carbon industry, and the importance of a transition of the Oil and Gas sector. The objectives and scope of the coursework should be clearly indicated in the introduction.

2. A critical discussion of specific plans projected by the Oil and Gas companies in order to achieve financial and reputational resilience, or actions that have already been implemented. The use of examples of such plans and actions by different companies across the world is encouraged. This analysis may include plans and/or actions related to any of the following aspects; technology, organisational integration, investment portfolios or company operating models.

3. A conclusion including a of the main points included in your analysis and a reflection on whether the planned or implemented actions are sufficient for a successful transition into a low- carbon O&G sector.

Additional considerations for your analysis

1. Make sure to clearly indicate which of the recommended aspects you will be focusing on, namely technology, organisational integration, investment portfolios or company operating models. Please select two of these aspects and analyse them.

2. You are expected to provide representative examples of planned or implemented actions by various O&G companies across the world, but you should not be focusing on a single O&G company.

3. The coursework requires you to use the relevant module material (ideas, concepts, theories or frameworks) to inform your evaluation. Well established media platforms (e.g. BBC, Financial Times, New York Times, etc.) and other reliable online sources may be used to support your analysis, that appropriately reflect the contemporary perspective of this assessment topic. In addition, information obtained from academic books and/or updated peer reviewed academic journals can also be used.

Attachment:- Sustainability and Transition in the Oil and Gas Sector.rar