Petroleum Industry Must Embrace the New Energy Landscape, say Global Energy Leaders
Oil & Gas Giants Call for Industry Collaboration ahead of Flagship Abu Dhabi Energy Event
Fossil Fuels to Account for 80% of Total Energy Supplies in 2035: Industry Report
Abu Dhabi, UAE – xx August 2016 – Oil and gas giants are calling for greater industry collaboration and an increased focus on operational efficiency, as global energy leaders prepare to gather in the UAE capital for the upcoming Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016) in November.
The future of the industry depends on its ability to embrace the new energy landscape and drive efficiency, say experts. Speaking ahead of his participation in the ADIPEC Global Business Leaders’ panel, where international CEOs will be gathering to address the challenges and opportunities facing the petroleum sector, Total CEO Patrick Pouyanné said industry stakeholders must work in unison towards the common goal of achieving a sustainable energy future.
“The global energy landscape is witnessing a rapid change, influenced by economic challenges and efforts to reduce carbon emissions, which can be addressed by the emerging role of natural gas and renewables. All of this makes it crucial that industry players operate not only more efficiently, but also more closely, in a spirit of cooperation,” Pouyanné said.
“Technology, innovation, research – they all play an instrumental role not only in managing this transitional period, but also in leveraging the many opportunities that it presents. This is what makes ADIPEC an invaluable event for the oil and gas community, because it offers a global platform for stakeholders to collaborate and collectively address not only the imminent challenges in the energy sector, but the longer term picture that is starting to take shape. As CEO of Total, which aims to become the responsible energy major, ADIPEC is an event I would not want to miss,” Pouyanné added.
Confirmed senior-level speakers at ADIPEC include Dr Sultan Al Jaber, Group CEO of ADNOC, who will be presenting the Opening Ceremony keynote; Rex W. Tillerson, Chairman and CEO of ExxonMobil, Patrick Pouyanné, CEO of Total; Bob Dudley, CEO of BP; Alexander Medvedev, Deputy Chairman, Management Committee, Gazprom; Vicki A. Hollub, President and CEO of Occidental Petroleum Corporation, Jeff Miller, President of Halliburton; and Paal Kibsgaard, Chairman and CEO of Schlumberger (complete list of Opening Ceremony and Global Business Leaders speakers below).
Moderating the Global Business Leaders sessions will be celebrated journalist John Simpson, BBC World Affairs editor, broadcaster, author and columnist, as well as oil guru Dr Daniel Yergin, Vice Chairman of the industry consulting group IHS.
According to BP’s latest Energy Outlook report, fossil fuels will remain the dominant form of energy powering global expansion for the next two decades, suppling around 60% of the growth in energy demand, and accounting for almost 80% of total energy supplies in 2035. The same report indicates that the fuel mix will witness a significant change, with gas emerging as a major energy resource.
Developing resilient strategies has become a top priority for industry leaders, who are increasingly looking at redefining their business approach in an effort to continue meeting the growth in demand while adapting to the evolving supply mix.
Jeff Miller, President of Halliburton, said: “Hydrocarbons are, by far, the most affordable and abundant resource available for advancing the progress of human life and play an integral part in meeting the world’s growing demand for energy. Our industry is fuelled by continued investment in technology and innovation as we make better tools to increase barrels produced and decrease cost. At Halliburton, we collaborate and engineer solutions that maximise asset value for our customers. For us, collaboration is a way of life.”
“We listen to our customers, understand their drivers, and respond to their needs to deliver solutions that sustainably lower the cost per BOE. We look forward to discussing the many opportunities ahead for our industry at the ADIPEC 2016 Global Business Leader sessions and learning from other industry participants,” Miller added.
Billed as the premier knowledge-sharing platform for movers and shakers in the oil and gas industry, ADIPEC’s distinguished Conference Programme will bring together Ministers, CEOs, decision makers, world renowned luminaries, and experts to address challenges and opportunities across both technical and non-technical aspects of the industry.
The programme will feature a high-level Opening Ceremony and three Global Business Leaders panel sessions, offering a world outlook for the oil industry, shedding light on the developing role of gas and LNG, and providing insights on implementing effective leadership strategies.
Vicki Hollub, President and CEO of the Occidental Petroleum Corporation, said: “ADIPEC is one of the premier oil and gas conferences, bringing energy leaders together from around the world. I am honoured to be participating at this year’s event and look forward to sharing ideas on how to address the most important challenges before our industry.”
ADIPEC’s anticipated Conference Program also features 2 Ministerial Sessions, 8 Executive Panel Sessions, 8 Offshore & Marine Sessions, 8 Women in Energy Sessions, and 106 Technical Sessions.
Established as the world’s most influential exhibition and conference for the oil and gas industry, ADIPEC has a longstanding track record of bringing together globally celebrated luminaries and experts to discuss challenges and opportunities in the energy sector. The annual four-day event will take place from 7-10 November 2016 at ADNEC.
List of Confirmed ADIPEC 2016 Opening Ceremony and Global Business Leaders Speakers:
Keynote & Opening Ceremony Speaker:
- Dr Sultan Ahmed Al Jaber, Group Chief Executive, ADNOC
- Rex W.Tillerson, Chairman & Chief Executive Officer, Exxon Mobil Corporation
Global Business Leaders – Moderators:
- John Simpson, BBC World Affairs Editor, Broadcaster, Author and Columnist
- Daniel Yergin, Vice Chairman, IHS
Global Business Leaders – Panellists:
- Patrick Pouyanne, Chief Executive Officer, TOTAL
- Bob Dudley, Chief Executive Officer, BP
- Alexander Medvedev, Deputy Chairman, Management Committee, GAZPROM
- Vicki A. Hollub, President and Chief Executive Officer, OCCIDENTAL PETROLEUM CORPORATION
- Mark Garrett, Chief Executive Officer, BOREALIS
- Jeff Miller, President, HALLIBURTON
- Toshiaki Kitamura, President and Chief Executive Officer, INPEX/JODCO
- Paal Kibsgaard, Chairman and Chief Executive Officer, SCHLUMBERGER
Lars Christian Bacher, Executive Vice President, Production and Development International, STATOIL