Navigating Uncertainty in the Energy Industry

Personal experience

– Growing in a war-torn country clearly impacts on one’s personality, goals and perspectives. One learns how to pursue own targets in the midst of major uncertainties while maintaining the need to quickly adapt to a rapidly changing situation.

– It sharpens your survival skills in some of the most difficult situations.

– It also makes you appreciate many things that we often take for granted.

– Many in the rich world talk about energy poverty without having experienced it themselves. Its impact is much bigger than simple economics. Only those who really went through it fully understand its impact on one’s life – from health, to social interactions and productivity, to name but a few.

– Working with a wide range of stakeholders has been an eye opener; people look at one issue from very diverging perspectives. If one focuses on one angle only, their conclusions or recommendations will always be too narrow.

Global energy trends

– The energy sector is facing a complex transition, with a disconnect between political rhetoric and practical realities, especially in developed countries. Leadership in the energy industry requires adaptability, a deep understanding of global trends, and the ability to navigate policy uncertainties. 

– The foreseeable future of energy under existing technologies and market trends involves a complementary approach rather than a complete substitution of fossil fuels, contrary to some arguments. This is not about taking sides; it is simply the reality, taking into consideration the needs of people the world over and the availability of supplies.

– We need to have an open, transparent and honest debate. Unfortunately, the ongoing debate is largely polarised. We need to go beyond that.

Today’s workforce

– Attracting and retaining talent in the energy sector demands flexibility and an understanding of changing priorities among the younger generations. A lifelong job in one institution is not as appealing as it used to be. Some want to try different opportunities one after the other but within a short time span, others prefer to build a portfolio of activities simultaneously.

– Digital technologies and AI are flattening hierarchies in organisations, creating new opportunities for a rapid career advancement. But hard work, passion and commitment remain key to one’s success and progression.

– Discrimination is not acceptable but let’s face it, it is surely alive and kicking consciously or subconsciously in the minds of many. We need to fight it but in a constructive way: turn the fight into an opportunity to make an impactful change, otherwise it will simply drain you.

Leadership

– Successful CEOs must balance long-term market trends with short-term policy uncertainties while motivating a diverse workforce.

– They need to be able to clearly communicate their vision for the organisation and inspire their team to work towards that vision.

– Embracing ambiguity and viewing it as an opportunity rather than a threat is crucial for leadership success in today’s rapidly changing business environment.