Angie Gildea, KPMG’s new U.S. head of energy, admits she questioned whether the growing focus on ESG by the oil and gas industry would continue or take a backseat during the pandemic given the difficult environment.
“From what we’ve seen, that focus has actually increased,” Gildea said, “particularly, the social component of ESG.”
In this video interview, Gildea, who was named national sector leader for KPMG’s energy, natural resources and chemicals practice on Jan. 12, sat down with Hart Energy’s Jessica Morales to discuss her outlook from a strategic standpoint on pressing issues facing the oil and gas industry in 2021 including the energy transition, digital technologies and the incoming Biden administration.
Continuing the ESG discussion, she said oil and gas companies will need a good strategy and story to their investors around ESG going forward.
“That includes a couple of things,” she said. “I think it’s optimizing their portfolios. Companies have capital constraints looking forward so they’re going to have to take a hard look at their portfolios and potentially shed those noncore assets. I think it’s looking at their existing operations. There’s a lot of opportunities to decarbonize and move those operations to a lower carbon footprint and some really easy things that you can do there.”
“And then obviously with the Biden administration coming in and the Democrats now controlling the House and Senate,” she continued, “down the road, I think we will see some implications as it relates to the tax component.”
During the interview, Gildea also discussed emerging technologies around alternative energy and IT perspectives plus how she’s excited to see what the industry’s next-generation brings to this post-pandemic energy transition.
Jump to a topic:
- Gildea’s new role (0:25)
- Energy transition/ESG (1:29)
- Impact of the Biden administration (3)
- Saudia Arabia’s oil cuts (4:37)
- Outlook of $50 oil (5:48)
- Emerging technologies (6:55)
- Next-generation of talent (8:35)
- The industry’s path forward (10:23)
Recommended Reading
Small Steps: The Continuous Journey of Drilling Automation
2024-12-26 - Incremental improvements in drilling technology lead to significant advancements.
Aris CEO Brock Foresees Consolidation as Need for Water Management Grows
2025-02-14 - As E&Ps get more efficient and operators drill longer laterals, the sheer amount of produced water continues to grow. Aris Water Solutions CEO Amanda Brock says consolidation is likely to handle the needed infrastructure expansions.
Microseismic Tech Breaks New Ground in CO2 Storage
2025-01-02 - Microseismic technology has proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
TGS to Reprocess Seismic Data in India’s Krishna-Godavari Basin
2025-01-28 - TGS will reprocess 3D seismic data, including 10,900 sq km of open acreage available in India’s upcoming 10th Open Acreage Licensing Policy (OALP) bid round blocks.
Momentum AI’s Neural Networks Find the Signal in All That Drilling Noise
2025-02-11 - Oklahoma-based Momentum AI says its model helps drillers avoid fracture-driven interactions.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.