PwC announces new Sector Leader for Energy and Resources
01 Jul 2022
PwC has bolstered its energy, utilities and resources practice by naming Rob Turner as its new Sector Leader for Energy and Resources. Rob is a partner who has over 20 years’ experience working in the sector covering strategy, policy and regulation as well as extensive work as a commercial advisor in M&A, financing and restructuring.
Having started in the oil sector, Rob has covered the full energy value chain covering refining, distribution and trading, as well as working in upstream oil, natural gas and LNG sectors. As energy transition has accelerated, Rob’s work has shifted into renewables, batteries and e-mobility, as well supporting the energy aspects of net zero and wider ESG compliance.
A qualified accountant, Rob began his career as a markets, regulatory and competitor analyst for PFC Energy (now part of IHS), before moving to Schlumberger and subsequently Arthur D. Little’s energy practice. He spent eight years based in France and has also worked for extended periods across South America, North and West Africa, China and Southeast Asia as well as the Middle East.
Having joined PwC in 2009, his clients include many leading international oil and gas companies, national oil companies, and public utilities, as well as major financial investors such as private equity and both infrastructure and sovereign wealth funds.
Rob has also worked extensively with governments, including the Department for Business, Energy and Industrial Strategy and HM Treasury in the UK and other national government and intergovernmental institutions. He is passionate about the need for a rapid transition towards a lower-carbon economy to meet the dual challenges of achieving net zero while delivering stable, affordable and secure sources of energy.
“With the growing awareness and importance of reaching net zero, the energy sector is under increasing pressure to show it can balance growth with decarbonisation. Supply and price pressures, exacerbated by the Ukraine crisis, have emphasised the fragility of the equilibrium in energy markets. Sustainability, security of supply, reducing emissions, growing low-carbon production and delivering attractive and sustainable shareholder returns are just some of the considerations that energy companies are having to simultaneously balance and prioritise.
“However, the future also promises new opportunities, from advances in alternative power sources and fuels such as hydrogen, to the development of entirely new energy systems. In order to thrive and meet the evolving expectations of consumers, investors and regulators, operators need to look at addressing the various complexities of the managed transition. This will mean redefining markets, incorporating sustainable technologies and delivering new products and services in new ways – while also maintaining and increasing trust in the reliability of the current energy system. I look forward to working with Drew Stevenson, our Leader of Industry for Energy Utilities & Resources and alongside Vicky Parker and Sid Hussain as fellow Sector Leaders.”
Quentin Cole, UK Head of Industries at PwC UK, said:
“With energy transition gaining pace, our energy, utilities and resources practice has grown to cover a large part of the new and emerging energies landscape, including EVs and batteries, renewables, and other technologies entering the space.
“The energy transition has created an explosion of different business models with different risk profiles in an industry which traditionally has been dominated by capital-intensive production and regulated network infrastructure.
“I’m delighted to welcome Rob into this new role, where he and his team will continue to help our clients meet their low carbon ambitions by deploying their significant technical expertise at pace and scale.”
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