Energy Forum October 2016

We would like to thank everyone who attended our Energy Forum on Monday 10th October at Killik & Co, Grosvenor Square.  The event was a great success and gathered an eclectic set of senior executives from across the Energy and Investment community.  A special thank you goes to our speakers, Jon Clark (Partner and EMEIA Oil & Gas Leader Transactional Services) and Nick Greenstock (Managing Director, Gatehouse Advisory Partners Ltd) for a fantastic presentation on ‘The trend in capital and investment flow into emerging market petroleum economies’.  Jon and Nick delivered a very insightful overview of the most attractive environments for Oil and Gas investment whilst considering four key factors:

– Access to capital

– Current and emerging regional hotspots for investment

– Tax regimes

– Global pressures and geo-political risk

Miramar first started organising the Energy Forum back in 2014 for executives to access key industry trends that are shaping an increasingly complex landscape across the Energy sector.  In addition, we wanted to create a networking platform for CXO individuals to share market insights and business ideas whilst linking them to a select number of trusted advisors from across the investment community.  This has been a huge success and is starting to create real commercial opportunities for our attendees despite challenging market conditions.

We have always differentiated ourselves as a disruptive search business and a preferred alternative to the more traditional search providers by being more hungry, nimble and smarter in our approach.  The Energy Forum complements our passion to differentiate, allowing us to give something back to the industry and anticipate future trends within the sector.

The rise in technological utilisation within Oil and Gas has been particularly topical over the last three forums as businesses frantically try to reduce cost and maximise return.  We are seeing an increasing trend in E&P executives landing in technology driven start-ups and established E&P service providers embracing innovation.  Technology advancements in areas such as IoT and Digital are transforming how service providers interact with the sector.  Here are a few interesting stats:

– Garner estimates 6.4 billion connected ‘things’ will be in use this year, up 30% from 2015.  Goldman Sachs estimate that as many as 28 billion ‘things’ will be connected by 2020.

– Accenture estimate spending on IoT at $20 billion in 2015, rocketing up to a staggering $500 billion in 2020 in the Industrial sector alone (including Oil and Gas)

– Over 80% of industry Oil and Gas executives believe they can leverage analytics to improve business practices

– Apache Corporation, through utilising IoT for operational efficiencies that predict downtime and plant/facility shutdowns, estimate increased pump performance of 1% across the board in the sector would earn the industry around $19 billion a year

– Business intelligence estimate the number of devices used on oil extraction sites – primarily wells – will increase at 70% compound annual growth rate (CAGR)

This appropriately sets the agenda for our next Energy Forum in 2017.  We will be exploring the rising stars in technology that are impacting the Energy and Commodities sector.  Further details and program to be confirmed early 2017.

We look forward to seeing you all there!


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