Petroleum Economist

ENERGY LEADER OF THE YEAR

An individual working within the energy or an energy-related industry

  • Outstanding contributor to their organisation
  • Excellent leadership skills
  • Demonstrable bottom-line impact
  • Creative approach
  • A developer of talent
  • Respected by peers
  • An ambassador for the industry as a whole

LARGE-CAP ENERGY FIRM OF THE YEAR

Market capitalisation of $10bn+

  • Resilience in the trying environment of the previous 12 months
  • Demonstrable excellence in meeting strategic goals
  • Smart use of capital
  • Continuous improvement
  • Commitment to R&D
  • Superb safety record
  • A positive advertisement for the contribution a major energy company can make

 

MID/SMALL-CAP ENERGY FIRM OF THE YEAR

 Market capitalisation of <$10bn

  • Resilience in the trying environment of the previous 12 months
  • Demonstrable excellence in meeting strategic goals
  • Smart use of capital
  • Continuous improvement
  • Commitment to R&D
  • Superb safety record
  • A positive advertisement for the contribution a growing energy company can make

 

OILFIELD SERVICE & EQUIPMENT PROVIDER OF THE YEAR

A company providing OFSE to the energy industry, including construction, engineering, operating, equipment and software services

  • Resilience in the trying environment of the previous 12 months
  • Successful delivery of customer projects, both on time and on budget
  • Technically innovative
  • At the cutting edge of digitalisation
  • Maintaining and building the industry skillset
  • Superb safety record
  • Driving industry capabilities forward

 

ENERGY PROJECT OF THE YEAR

 An energy project delivered between September 2019 and August 2020

  • Delivered on time or ahead of schedule
  • Delivered on or under budget
  • Offered clear strategic advantage to the operating firms
  • Successful all along the supply chain
  • Technically innovative
  • Met the highest possible environmental, sustainability and safety standards
  • An industry game-changer

 

ENERGY FINANCE PROVIDER OF THE YEAR 

 A bank/financial institution offering commercial banking or project finance within the energy industry

  • Outstanding performance in the trying environment of the previous 12 months
  • Innovative in approach
  • Nimble within the changing energy finance sector
  • Positive impact within a project team
  • Gets things done

 

ENERGY ADVISORY OF THE YEAR 

A professional advisory company serving the energy industry, e.g. consultancy accountancy firm or other advisor

  • Delivers material strategic or operational advice
  • Measurable improvement in client performance
  • Positive impact within a project team
  • Boasts a competitive edge among its peers
  • Enables better decision-making

 

ENERGY LEGAL SERVICES PROVIDER OF THE YEAR

 A legal firm offering services and advice to clients in the energy sector

  • Anticipates and solves problems
  • Executes flawlessly
  • Positive impact within a project team
  • Boasts a competitive edge among its peers
  • Offers more than just being the lawyer

 

CONTRIBUTION OF THE YEAR TO CSR

 An energy or an energy-related company

  • Puts CSR front and centre of company strategy and all activities
  • Clear accountability
  • Strong bonds between the company and all stakeholder communities
  • Demonstrable commitment to environmental protection
  • Leader in employee welfare
  • Unimpeachable ethics
  • A company the industry can be proud of

 

CONTRIBUTION OF THE YEAR TO INDUSTRY DIVERSITY

An energy or an energy-related company

  • Promotes awareness of opportunities within the energy industry to those of non-traditional backgrounds
  • Strong relationships with academia and other recruitment stakeholders
  • Provides mentorship, training and pathways
  • A holistic support network
  • Demonstrable culture change
  • Identifiable role models
  • Walks the walk, not just talks the talk

 

MARKETING & COMMUNICATION STRATEGISTS OF THE YEAR

 An in-house communications team within an energy or energy-related company or an external agency with energy clients

  • Delivers demonstrable added value to the brand(s) of their internal/external client(s)
  • Offers genuine assistance to their client(s) in meeting wider business objectives
  • Deep expertise in both large set-piece and also day-to-day situations
  • Navigates sure-footedly through a changing landscape
  • Is a promoter of the industry more widely
  • Makes a positive contribution to the industry conversation

Transition Economist

TRANSITION STRATEGY OF THE YEAR - IOC

An IOC that has committed to an ambitious carbon-reduction target and set out a robust plan for how it will achieve it

  • Companywide strategy to lower emissions in compliance with Paris Agreement
  • Outlined a long-term pathway to achieve net-zero emissions
  • Committed capex to early stages of transition strategy
  • Already achieved some reduction in emissions
  • Provides transparency and facilitates external auditing
  • Leads the energy transition

TRANSITION STRATEGY - INDEPENDENT

 

An independent oil and/or gas company that has committed to an ambitious target and set out a robust plan for how it will achieve it

  • Companywide strategy to lower emissions in compliance with Paris Agreement
  • Strategy decarbonises production from existing licences or refocuses company on lower carbon activities
  • Committed capex to early stages of transition strategy
  • Already achieved some reduction in emissions
  • Provides transparency and facilitates external auditing
  • Carves out unique role in the energy transition 

TRANSITION PROJECT

 

A project leading to a substantial decrease in carbon emissions

  • Could be a zero-emissions project, such as a windfarm, or an emissions-reduction project, such as a conversion from coal to gas
  • Innovative and pioneering project
  • Construction of the project must have already started
  • Project results in substantial CO2 savings at economic cost
  • Communication about project
  • Demonstrates the transition is profitable

TRANSITION LEADER OF OF THE YEAR (AWARD TO AN INDIVIDUAL)

 

An influential figure who has pushed forward the energy transition

  • Redefines what is possible in the industry
  • Infused his/her organisation with ambition
  • Influence beyond his/her own organisation
  • Advocates for a particular technology or initiative
  • Track record of identifying viable strategies
  • Leading light of the energy transition

TRANSITION FINANCE PROVIDER OF OF THE YEAR

 

A bank/financial institution offering commercial banking or project finance for energy transition projects

  • Demonstrably superior performance above peer transition finance providers
  • Innovative in approach
  • Nimble within the changing energy transition finance sector
  • Solutions provide attractive returns for investors
  • Applies principles beyond purely financial considerations including carbon emissions
  • Makes energy transition happen

TRANSITION ADVISORY OF OF THE YEAR

 

A professional advisory company serving energy companies engaged in transition, e.g. consultancy, accountancy firm or other advisory

  • Facilitates smooth entry into new sectors or business areas
  • Creates original research of material benefit to clients
  • Encourages best practice across industry
  • Demonstrable improvement in client performance or competitive position
  • Provides educational and supportive role
  • Enables better decision-making during transition

 

TRANSITION LEGAL SERVICES PROVIDER OF OF THE YEAR

A legal firm supporting clients engaged in the energy transition

  • Anticipates emerging legal issues
  • Contributes to solutions to industry-wide issues
  • Executes services and advice flawlessly
  • Ahead of changing regulatory
  • Services result in competitive edge for clients
  • Provides confidence during fundamental change

 

TRANSITION TECHNOLOGY FIRM OF OF THE YEAR

A company that produces technology that results in lower C02 emissions

  • Unique invention or innovation
  • Demonstrable cost and emissions reduction
  • Pushes forward renewable productivity or decarbonisation of hydrocarbon production
  • Physical or digital technology
  • Product(s) have been already been launched and are proven in operation
  • Technology that underpins the transition

Hydrogen Economist

INNOVATOR OF THE YEAR

 

A company responsible for an invention or process that pushes forward hydrogen adoption

  • Moves the industry closer to commercial scale cost competitiveness
  • Innovation of potentially widespread application
  • Significant importance and genuinely new approach
  • Innovation in zero- or low-emission hydrogen production or decarbonising use case
  • Innovation already launched or will do so within 12 months
  • Hydrogen gamechanger

PROJECT OF THE YEAR

 

A hydrogen project that breaks new ground in scale or ambition

  • First-of-its-kind project that proves viability
  • Sponsors have committed to FID and announced timeline for construction
  • Large-scale hydrogen project
  • Project involves zero- or low-emission hydrogen production or decarbonising use case
  • Project must be operational within five years
  • Proves hydrogen can be cost competitive

LEADER OF OF THE YEAR (AWARD TO AN INDIVIDUAL)

 

An influential figure who has pushed forward the hydrogen economy

  • Redefines what is possible in the industry
  • Infused his/her organisation with ambition
  • Influence beyond his/her own organisation
  • Advocates for a particular technology or initiative
  • Track record of identifying viable strategies
  • Leads the industry into a hydrogen future

FINANCE PROVIDER OF THE YEAR

 

Bank/financial institution offering commercial banking or project finance for hydrogen projects

  • Demonstrably superior performance above peer hydrogen finance providers
  • Innovative in approach
  • Nimble within the emerging hydrogen finance sector
  • Solutions potentially provide attractive returns for investors
  • Applies principles beyond purely financial considerations including carbon emissions
  • Facilitates the hydrogen economy

ADVISORY OF THE YEAR

 

A professional services company serving energy companies engaged in the hydrogen economy, e.g. consultancy, accountancy firm or other advisory

  • Facilitates smooth entry into hydrogen-based business areas
  • Creates original research of material benefit to clients
  • Encourages best practice across industry
  • Demonstrable improvement in client performance or competitive position
  • Provides educational and supportive role
  • Enables better decision-making

LEGAL SERVICES PROVIDER OF THE YEAR

 

A legal firm supporting clients engaged in the hydrogen economy

  • Anticipates emerging legal issues
  • Contributes to solutions to industry-wide issues
  • Executes services and advice flawlessly
  • Ahead of changing regulatory
  • Services result in competitive edge for clients
  • Provides confidence during fundamental change

TECHNICAL SERVICES PROVIDER OF THE YEAR

Independent company supporting the industry by disseminating knowledge and best practice

  • Independent provider that partners with large companies
  • Leading technical authority
  • Involved in cutting-edge projects
  • Expert in production, use and/or storage
  • Contributes to industry-wide knowledge
  • Overcomes technical barriers to hydrogen