Episode 5: Charting a sea change in offshore marine and energy sustainability

01:45 |

More investments—about $4-$5 trillion globally—needs to be channelled towards energy transition efforts, especially offshore wind and hydrogen, carbon capture, utilisation and storage, and cleaner offshore oil and gas.

02:22 |

Small energy infrastructure projects don't really move the needle in the energy transition race. There needs to be large-scale projects such as those in the offshore wind space that can produce gigawatts of electricity. Expect to see more large-scale projects in different parts of the world.

03:37 |

Oil and gas will continue to remain as part of the global energy mix for the foreseeable future. Seatrium Limited recognises this reality and is committed to helping its customers in the oil and gas industry reduce their emissions and operate more sustainably. The company is also actively investing in renewable energy sources and carbon capture and storage. Additionally, it is exploring new green alternatives such as hydrogen and ammonia. This is with the goal to minimise the environmental impact of energy production.

04:44 |

Effective collaboration among governments and stakeholders across the private and public sectors can accelerate the energy transition.

06:44 |

Seatrium Limited leads the way in sustainability innovation, driving groundbreaking projects such as the first hydrogen-powered vessels in Norway. The company is also advancing similar initiatives in Singapore and offshore wind. Seatrium Limited is collaborating with the National University of Singapore on research and development, and actively seeks partnerships with industry, academia, and government agencies to propel sustainable energy solutions forward.

About our guest

Mr Mark Gainsborough spent 39 years with Royal Dutch Shell where he held various senior appointments, his last appointment being Executive Vice-President (EVP) and Head of Shell's New Energies business. He was responsible for building and acquiring positions in renewable power generation, electricity supply, energy storage, hydrogen, advanced biofuels and nature-based solutions. Prior to this, he was EVP Global Commercial leading Shell's Lubricants, Bitumen, Jet Fuel, Marine Fuels and Sulphur businesses.

After retiring from Shell in 2020 he founded Low Carbon Advisors, a business that helps boards and CEOs to navigate the path to net zero carbon emissions. He is currently a board member of companies engaged in large-scale renewables, energy access through distributed generation, and advanced plastics recycling. He serves on a number of advisory boards including Beyond Net Zero, an Energy Transition investment fund. His past professional interests also include the healthcare sector, serving for five years as a non-executive director of one of the UK's National Health Service Trusts. He has also served as a board member of the European Petroleum Industry Association.

Mr Gainsborough completed a Master's degree in Environmental Policy in 2008 and holds a Bachelor of Science degree in Psychology from University College, London. He is a Fellow of the UK Energy Institute.