Crondall Energy
Anna-Louise Peters, Managing Director
About you
Tell us about Crondall Energy. What sets you apart?
Crondall Energy is a leading independent consultancy providing strategic, commercial, and technical services for offshore energy projects using floating and subsea technologies, on a global basis.
Operating within 6 business streams, Energy Transition, Offshore Renewables, Floating Production, Subsea & Pipelines, Business Consulting & Technology Development, Crondall Energy provides a range of services that span the life cycle of an offshore energy development from concept to late life.
What projects are you working on, and how do they contribute to the company’s mission and vision?
Crondall Energy’s Mission and Vision are centred around a 30/30/30 principle where 33% of our work is focused on Unabated Hydrocarbons, 33% on Abated Hydrocarbons and 33% is focused on Renewable Energy.
In terms of unabated hydrocarbons at present we are working on a range of floating production and subsea and pipeline engineering projects for multiple clients such as BP, Shell, Total Energies, Tullow Oil, Serica Energy and Woodside.
Our current workload in energy transition and abatement includes electrification of both existing operating assets as well as new developments, compressed air energy storage and work on carbon capture utilisation and storage.
And in the renewable energy space we are developing a Floating Offshore Substation (FOSS) with industry partners to facilitate large scale offshore floating wind developments. As well as supporting industry research into floating vs subsea substations for future floating offshore wind developments.
What opportunities and challenges lie ahead for you?
The major opportunity for us is the continuing transferring and translating of our heritage hydrocarbon capabilities for future renewable opportunities as we move to a net zero future. This will allow us to broaden our teams experience and capability but also grow our company into this new area.
A challenge for us is dovetailing the increase in renewable workload with our existing hydrocarbon work. With the increased focused on energy security our hydrocarbon business and renewable business have seen a jump in growth, and accordingly, we are continuing to recruit and train people to meet the needs of the business and the offshore energy industry as a whole.
About your OEUK membership
How is OUEK membership benefiting Crondall Energy, whether in terms of networking, resources, or industry insights?
We significantly benefit from industry insights and events in general, which puts us in contact with decision makers across the industry such that we can help address their needs.
Have you participated in any recent OEUK events? Which events are you looking forward to this year?
We regularly attend the breakfast briefings and find the business outlook session particularly useful.
However, the most beneficial event for us is Share Fair. The 1-2-1 sessions are so worthwhile, as are the presentations and content shared during and after the event.
Future of our industry
What notable changes towards achieving net-zero emissions have you observed in our industry in recent years?
We have observed significant operator caution in committing to activities like electrification or alternative emissions reduction solutions. We have a track record in this area and are keen to support operators to make the change. However, we understand that there is some reluctance due to funding, government requirements and uncertainty of a new way of working.
How is Crondall Energy contributing to the industry’s transition to a net-zero future?
We are actively supporting operators with calculating their carbon footprint and then supporting them with identifying strategies for reducing it, such as electrification, storing carbon and converting energy to Hydrogen.
In addition we are actively working on CCUS, hydrogen, and offshore wind projects.
How do you see the industry looking in 20 years?
Over the next 20 years we’d expect to see the traditional oil and gas sector remain at a certain level of production but with a very significant degree of abatement to minimise or eliminate emissions, and we are working actively to support these goals across projects globally.
We would also expect to see a big jump in renewables especially floating offshore wind – but the economic viability of these projects needs to be addressed in order to make this sector attractive for investment. We expect that government regulation across the globe will support the transition to more renewable forms of energy development.
Crondall also envisages that full scale development of alternative fuels, including hydrogen and ammonia will be commonplace in 20 years’ time. A lot of the technological development across this area is ongoing and will represent a significantly greater proportion of the energy mix in due course.
We also expect to see increased M&A activity and consolidation resulting from a changing market environment, in that traditional asset owners are moving into new areas and other players are entering the market and developing their portfolios.
For Crondall Energy we expect to see our customer base increase significantly in the renewable energy market and in energy transition activity.
Find out more: https://www.crondall-energy.com/
