Nearly every opening plenary session speaker touched on the tough realities brought on by the plummeting oil prices, but were positive about the industry’s ability to withstand the cyclical comedown.
“I won’t speculate about how long the oil prices will be down, but the way the industry reacts as a whole will be a very important indicator,” Aurecon Industry Director – Energy Victor Young said.
As for the future outlook of the sector, Shell Vice President of Development in the Global Integrated Gas Business Neil Gilmour said natural gas has never been as poised to play as big a role in the world’s future energy mix as it is now.
“Natural gas is uniquely positioned to meet challenges of policymakers. There is an extraordinary transformation as people move from rural villages to cities, and coal is expected to meet 40 to 50 per cent of this demand in the future, although I think the cleaner burning natural gas will emerge as a real alternative,” Mr Gilmour said.
Gilmour advised natural gas operators to look for more innovative ways to manage capital and operational costs, and develop partnerships; the core of building successful long-term opportunities.
FIFO mental health panel
A fly-in fly-out (FIFO) mental health panel session at AOG 2015 explored the pre-emptive measures that should be taken to prevent instances of suicide in the resources industry.