NEW YORK, Dec. 12, 2019 /PRNewswire/ -- Energy
companies from 11 countries spanning four continents tonight
received honors for leadership, innovation and exemplary
performance at the 21st annual S&P Global Platts
Global Energy Awards, often described as the "Oscars" of energy.
The program bestowed 23 awards to companies and individuals before
nearly 500 energy and finance executives, at a black-tie ceremony
at Cipriani South Street in New
York.
Martin Fraenkel, president of
S&P Global Platts: "This year's program is a true
reflection of the future of the energy industry. Finalists and
winners are rethinking traditional businesses and demonstrating an
infusion of new ideas, which importantly incorporate sustainability
in their technology-driven transformations and strategies. All are
to be congratulated."
Murray Fisher, head of
commercial events, Americas, S&P Global Platts, and director of
the Global Energy Awards program said: "2019 brought
continued evolution and increased diversity within the energy
industry, evidenced by the rise of senior women leaders, who have
won in every individual category of the Global Energy Awards. We
find this particularly encouraging." S&P Global supports
increasing women's participation in the global workforce through
its #ChangePays campaign.
WINNERS
Winning "Energy Company of the Year," full-stream
provider Baker Hughes was lauded by the program's independent
judging panel for "all-around excellence" in executing a total
technology-driven energy strategy. One that not only helps its
customers improve energy efficiency, but one that commits Baker
Hughes' own operations to net-zero carbon-equivalent emissions by
2050. Described by the judges as combining the "enthusiastic spirit
of a start-up" with "considerable resources," Baker Hughes also
captured the Award of Excellence for LNG, with judges noting its
"global collaboration and sharing of technology in a difficult
environment."
NuScale Power's first-mover prowess caught the judges' eyes, for
this year's "Emerging Technology of the Year." The
judges noted the company's development of a small
"self-protecting," modular nuclear reactor with pressurized water
reactor technology that combines reactor vessel, steam generator
and high-pressure steel containment in a single, simplified unit.
Judges believe the modular technology could "radically cut the cost
of new nuclear builds."
CEO of the Year honors went to Vicki Hollub, president and chief executive
officer of Occidental Petroleum Corporation, who oversaw, among
many things, the acquisition of Anadarko Petroleum. "She's not
afraid to challenge bigger companies, and she doesn't shy away from
a fight," praised one judge. The judging panel was impressed with
Hollub's demonstrated "conviction and decisive action," which had
the Houston, TX corporation
completing its strategic cash-flow-breakeven plan six months ahead
of schedule and committedly prioritizing climate change and carbon
emissions reduction.
Paula Gold-Williams, President
and CEO of Texas-based CPS Energy
took Chief Trailblazer of the Year honors.
Judges applauded her active and visible commitment to customer and
community for more than 30 years and her achievement of becoming
the nation's first female African American CEO for a US utility
company in 2016. Describing her as a "true trailblazer, a
motivator, and a dynamo," judges noted that CPS customers' combined
energy bills rank among the lowest of the nation's 20 largest
cities.
The meteoric rise - from start-up in 2011 to now India's largest renewable power producer –
impressed judges when selecting India's ReNew Power for Rising Star
Award: Company. From its inception through 2018, data shows
ReNew's growth has outpaced India's renewable energy growth as a whole and
it has experienced near-doubling of operational capacity in each of
the past three fiscal years.
Rising Star Award: Individual was bestowed
upon two equally qualified winners in this hotly-contested
category: Kuwait Petroleum International's Mai Al-Eisa and Yoven Moorooven of ENGIE Africa.
Al-Eisa, a chemical engineer with MBA, won particular judges'
plaudits for role-model-worthy "success in a region that's
historically challenging for women in leadership roles." For more
than 20 years in the Kuwaiti oil sector, Al-Eisa has successfully
helmed multinational teams on strategic megaprojects, judges said,
'earning a lot of trust." Regarding co-winner Moorooven, judges
pointed to his first-year achievement of ENGIE's "strong revenue
growth," saying Moorooven "established himself at a young age,
developing experience and responsibility in multiple industries
quickly," and appears to be on path to laying the foundation for
further development in the region.
India-based Oil and Natural Gas
Corporation Ltd. (ONGC) took the night's 2019 Corporate
Social Responsibility Award for "Diversified
Program" honors, for going "above and beyond," according to
judges. With a company-stated mission of developing "social wealth"
in its communities by "stepping beyond the mandatory provisions,"
ONGC has aggressively targeted its corporate social responsibility
budget at more than 4,000 projects aimed at positively affecting
society. Judges said ONGC differentiated itself as a "clear winner"
in the category, in process of producing positive and "deep
impacts" in India in the areas of
hospitals, sanitation and child- and elder-healthcare.
The 2019 Corporate Social Responsibility Award for
"Targeted Program" went to PERU LNG, operator of South America's first liquefied natural gas
(LNG) plant. Judges heralded its initiative to educate local
governments to 'better manage resources," particularly in
impoverished regions. Judges were impressed that its cooperation
with Universidad del Pacífico, helped municipalities strengthen
management skills and access approximately $13 million in public funding that went to such
things as water, sewage and basic sanitation units, as well as
construction of and improvements to health facilities and
schools.
LIFETIME ACHIEVEMENT HONORS
The 2019 Lifetime Achievement Award went to
Caren Byrd, managing director of
Morgan Stanley's Global Power and Utility Group, who, at joining
Morgan Stanley, was one of its first female investment bankers in
1972. Saying Byrd has "stood the test of time" for nearly five
decades, judges heralded her career-long focus on bettering
electric utilities and distinguishing herself in male-dominated
industries.
For full details of these and other 2019 Global Energy Awards
winners, access the December S&P Global Platts Insight article
on page 95 "2019 S&P Global Platts Global Energy Awards:
Committed to customers and future-focused" here:
https://www.spglobal.com/platts/en/market-insights/insight-magazine
Find winners, awards criteria and judges panel
information: https://www.spglobal.com/platts/global-energy-awards/winners
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