Agenda

IP Week 2018 Conference Programme

Session
Speakers
Time
Venue
Re-engineering the oil and gas operating models: an industry in transition

Tuesday, 20 February 2018
jlc herbert pwcr herbert

Silver sponsors

petrocare siemens herbert petrocare jlc Sponsor Sponsor Gold sponsor
The World Economic Forum’s fifth report highlighted the acceleration of the global energy transition underway in how energy is produced, consumed and distributed. As the future energy landscape evolves at differing paces across the world, consumers are increasingly driving the decisions on which energy sources they want.
For the oil and gas industry to fully embrace the opportunities in this rapidly evolving energy landscape and underpin their future economic survival, it must ensure their business models can respond quickly to rapidly changing market conditions.
This session will focus on future trends of the oil and gas industry, and what is required by companies to ensure they are able to survive and thrive in the future energy landscape.
Registration and networking
8:30
Inter
Continental Park Lane
Welcome from the Energy Institute

Louise Kingham OBE FEI, Chief Executive, Energy Institute

9:00
Inter
Continental Park Lane
Welcome from the chair

Raphael L Vermeir CBE CEng FEI Chartered Petroleum Engineer, Chairman, IP Week Programme Board

9:05
Inter
Continental Park Lane
Opening keynote addresses

9:15
Return of oil investments and its impact on global energy market

While participants of the OPEC and non OPEC ‘Declaration of Cooperation’ are and will remain focused on reducing inventory overhang and rebalancing the global oil market, we must not forget that investment is needed to ensure that future demand growth is met. In OPEC’s World Oil Outlook 2017, oil demand is set to pass 100 mb/d in 2020 and to reach over 111 mb/d by 2040. This is an increase of around 15 mb/d from current levels. Oil producers and companies must also invest heavily simply to offset the impact of natural decline rates. The WOO 2017 estimates that the required investment in the global oil sector to 2040 is $10.5 trillion, and while investments did pick up slightly in 2017, and the same is expected in 2018, it is still not close to past levels. This needs to be rectified if we are to ensure a more stable and predictable market in the years ahead.

HE Suhail Mohamed Al Mazrouei, UAE's Minister of Energy & Industry and the current OPEC Conference President

Inter
Continental Park Lane
New challenges, new priorities, new choices

New challenges, new priorities, new choices BP CEO Bob Dudley looks at how the industry can meet new challenges of unprecedented competitiveness and the low-carbon transition by setting new priorities and making new choices in technologies, partnerships, investments and business models.

Bob Dudley FEI, Group Chief Executive, BP

Inter
Continental Park Lane
Resilience in uncertain times

How do we cope with the dual challenges of uncertain oil price and energy transition?
Andy Brown will speak about how this triggered a step change in Shell’s thinking about costs and production, our portfolio choices, and what our ambitions are to thrive through the energy transition.


Andrew Brown OBE FEI, Upstream Director, Royal Dutch Shell plc

Inter
Continental Park Lane
Signing ceremony: an agreement to promote leadership in HSE in the Middle East


Louise Kingham OBE FEI, Chief Executive, Energy Institute


Eng Saif Humaid Al Falasi FEI, Chief Executive Officer, ENOC Group


H.E. Suhail Mohamed Al Mazrouei, Minister of Energy & Industry, United Arab Emirates and President of the OPEC conference 2018

10:10
Inter
Continental Park Lane
Reshaping the oil and gas industry


Otabek Karimov, Vice President, Commerce and Logistics, Rosneft

10:20

The role of the oil and gas in the changing energy mix

Moderator: Peter Gaw, Managing director, Global Head, Energy & Natural Resources, Standard Chartered

Andrew Smart, Energy Industry Group, Managing Director, Accenture

Arnaud Breuillac, President, Exploration & Production, Total

Franco Magnani, CEO, ENI Trading & Shipping

10:35
Inter
Continental Park Lane
Rebalancing oil supply: the importance of OPEC in securing supply

Dr. Ayed S. Al Qahtani, Director, Research Division, OPEC

11:05
Inter
Continental Park Lane
Refreshments and networking
11:25
Inter
Continental Park Lane
The outlook of the US energy landscape


11:45

US energy policy and how the current administration's support for the oil and gas industry will create space for innovation and investment in the sector in the US and its impact on the whole industry

Thanks to innovation and technology, the United States is undergoing an energy revolution. Today, it burns energy cleaner and more efficiently, obtains it from a wider range of sources, and produces it more affordably and abundantly than once predicted. The U.S. energy landscape has changed dramatically over the past few decades.

In his remarks, U.S. Department of Energy Deputy Secretary Dan Brouillette will highlight the role of energy innovation and how the Trump Administration is harnessing it to help make the U.S. an energy exporter

Dan Brouillette, US Department of Energy

Inter
Continental Park Lane
The evolving American energy landscape

Drawing on many decades of energy sector experience, Petrie will address the new dynamism in the U.S. petroleum sector resulting from learnings involving the shale revolution as well as policy and tax changes under the Trump presidency. With the U.S. on track to become a net energy exporter by the end of the decade, capital allocations in all segments of the development process are poised to grow. Such decisions will be critical in shaping energy geopolitics over the coming decade.
• The position of USA’s oil and natural gas production The increase of domestic oil and natural gas production
The increase of domestic oil and natural gas production

Thomas A. Petrie, Chairman, Petrie Partners LLC

Inter
Continental Park Lane
Lunch and networking
12:25
Inter
Continental Park Lane
The drivers in setting price
Looking at key pricing scenarios: what market forces could potentially drive supply?
What is driving the crude oil prices?
The rebalancing of supply and demand fundamental between OPEC and non-OPEC producers and its impact on driving price
Tackling volatility and uncertainties for stakeholders in setting price
The shift in market fundamental for gas: the move to a buyer’s market and its effects on price?
What drives supply and costs?
What drives demand?
What drives the crude oil price?
What about gas?

Eirik Wærness, Senior Vice President and Chief Economist, Statoil

13:25
Inter
Continental Park Lane
Predicting the future oil price – will it stick, rise or fall?

Giovanni Serio, Global Head of Research, Vitol

Eirik Wærness, Senior Vice President and Chief Economist, Statoil

Antonio Ruggiero, Senior Vice President, Trading and Shipping Oil and Gas, ENI

Robert McNally, Founder and President, Rapidan Energy Group

13:35
Inter
Continental Park Lane
Trends in upstream private M&A in 2017

Value gaps and new market players are leading to new deal structures and operating models. We are seeing sellers accepting more flexible consideration structures, parties being imaginative with decommissioning liability; alliances between co-venturers which maximise value by deploying specialist expertise; exits through joint ventures; and varied sources of upstream finance alongside the continued presence of private equity.

Steven Dalton, Partner, Herbert Smith Freehills

14:10
Inter
Continental Park Lane
An overview of the Iranian oil & gas sector

Moderator: Louise Kingham OBE FEI, Chief Executive, Energy Institute

Dr. Mohammad Ali Emadi, Senior Advisor to the Deputy for Development and Engineering, National Iranian Oil Company (NIOC)

14:25
Inter
Continental Park Lane
Refreshments and networking

14:40
Inter
Continental Park Lane
The new era of innovation and technology

Moderator:
Kevin Jarrett
, Partner, Energy and Utilities, PwC

15:00
Rider Solution Seeker eVision Schlumberger

Silver sponsors

Vortexa Siemens Quintiq IBM Gold sponsor
The development of new technologies and innovation
In the interconnected world of today, what are the next big innovations in oil and gas production and how can we leverage the maximum benefit from them? What opportunities are there in R&D? Understanding our current environment and the changes ahead of us to reinvent our technology landscape, is fundamental for our future. In the oil and gas industry, this change requires a reinvention of E&P practices, redefining all technical and business workflows, leading us to the next level of efficiency and performance.
Ashok Belani, Executive Vice President, Technology, Schlumberger
Inter
Continental Park Lane
Cognitive technology for the oil & gas industry

The oil and gas industry is experiencing the largest transition in its history, driven by changing needs and approaches to the world's energy, transportation and manufacturing systems, as well as the changing dynamics of product portfolios, and increasing demand for greater advances in molecular science and product innovation. With cost pressures remaining and customer expectations continuing to rise, the need for improvements across the entire value chain are seismic. Businesses are looking at new strategies to grow and differentiate. Digital transformation is opening more doors to new markets, enabling new business models across ecosystems to form and driving new levels of performance and enhanced organisational capability and knowledge. The challenge for oil and gas companies is where best to apply digital solutions, how fast and how far to go. In my session at IP week I will share more details, with specific examples to show how we are helping clients further advance the adoption of cognitive technologies as part of their digital transformation journey.

Luq Niazi, IBM Global Managing Director - Chemical & Petroleum Industries
Inter
Continental Park Lane
Optimize your supply chain: A value driver for growth and profitability
Unlock the hidden potential in your supply chain through visibility, flexibility and agility. Take control back into your hands, and ensure every decision you take is the best. Gain exclusive insights into the importance of a 100%-fit solution that takes into account all your business rules, regulations and requirements.
Rob van Egmond, CEO, Quintiq
Inter
Continental Park Lane
State of operational technology (OT) cybersecurity in oil and gas (O&G): threats, gaps and opportunities
The oil and gas (O&G) industry faces a rapidly evolving operational technology (OT) cyber threat. The core challenge is how to secure a complex, open ecosystem without impacting performance This presentation will address the specific risks, pain points, and challenges of maturing the cybersecurity capabilities in the O&G sector’s OT environment. We will discuss best practices and approaches to maturing an OT cybersecurity program and provide a basic roadmap for how to move forward. Finally, we will examine how the O&G industry can join forces to address the evolving OT cyber threat.
Leo Simonovich, Vice President and Global Head, Industrial Cyber and Digital Security, Siemens Energy
Inter
Continental Park Lane
Artificial Intelligence in the energy industry
The use of Artificial Intelligence in the Energy Industry is evolving fast with significant strategic implications for all participants. The level of understanding of this paradigm shift in technology is already defining the competitiveness of your organisation -- at an accelerating speed.
- Where are we (really) now?
- What can we expect in the short (1-2 years), medium (3-6 years) and long-term (7-10 years)?
- What are the threats and opportunities to our industry?
Fabio Kuhn, Chief Executive Officer, Vortexa
Inter
Continental Park Lane
Establishing a roadmap to digital transformation
The digital transformation journey:
What steps should be taken?
What happened next?
How do oil and gas companies use automation
Luq Niazi, Global Managing Director, Chemical & Petroleum Industries

Simon Kennedy, Chief Operating Officer, eVision Industry Software

Bjørn-Erik Dale, Executive Chairman, Solution Seeker

16:45
Inter
Continental Park Lane
Summary from the chair and closing remarks
Raphael L Vermeir, CBE CEng FEI Chartered Petroleum Engineer, Chairman, IP Week Programme Board
17:15
Inter
Continental Park Lane
IP Week Drinks Reception
Meet colleagues and friends, make new contacts and network at the informal drinks reception after day one of the conference.
17:25
Inter
Continental Park Lane
Briefing: Spotlight on Iran - Bridging Iran and the global market: a land of business opportunities

15:05
Practical steps on unlocking potential of Iran's oil & gas industry focus on international investment and technology transfer Iran is on course to becoming one of the fastest growing economies in the MENA region. With energy deals worth more than $20 billion expected over the next year, Iran is on track for considerable growth despite the threat of US sanctions. Iran has the world's second-largest natural gas reserves and the fourth-largest oil reserves. There is immense opportunity for investment in the region. However, to achieve its potential on a global scale, Iran's oil and gas sector needs two things - foreign investment and foreign technical expertise. Brought to you by industry experts, the spotlight on Iran will be centred around numerous engagement opportunities. Delegates must pre-register in advance
Inter
Continental Park Lane
Welcome from the chair

Barry Borhani, Chairman of Harvey Milton
15:05
Inter
Continental Park Lane
Opening statement

Dr Mansour Moazami, Deputy Minister of Industry, Mine and Trade & Chairman of the Industrial Development & Renovation Organization of Iran (IDRO)Commerce, Industries & Mines, Chairman of Harvey Milton
15:10
Inter
Continental Park Lane
IPC contract and E&Ps

Saeed Davari, Vice President Economics & Business Development, OIEC
15:15
Inter
Continental Park Lane
Upstream

Reza Padidar, Vice President Iran Federation of Oil Industries
15:23
Inter
Continental Park Lane
Midstream and downstream

Narsi Ghorban, Secretary Iran Chamber of Commerce, Energy & Environment Commission
15:31
Inter
Continental Park Lane
Petrochemical

Mehdi Sharifi Niknafs, CEO Iran Petrochemical Commercial Company
15:39
Inter
Continental Park Lane
Investment opportunities in Iran’s upstream sector

Dr. Mohammad Ali Emadi - Senior Advisor to the Deputy for Development and Engineering - National Iranian Oil Company (NIOC)
15:47
Inter
Continental Park Lane
Panel discussion and Q&A

All speakers
15:55
Inter
Continental Park Lane
Summary from the chair

Barry Borhani, Chairman of Harvey Milton
16:20
Inter
Continental Park Lane
Session
Speakers
Time
Venue
Breakfast briefing: Energy Outlookin partnership with BP

Wednesday, 21 February 2018

The global energy landscape is changing. The 2018 Energy Outlook, which will be published during IP week,outlines BP’s views of future global energy markets through to 2040. Spencer Dale will explore a range of scenarios based on judgements about future changes in policy, technology and the economy.

This one-hour breakfast briefing will give delegates an opportunity to understand some of the significant factors shaping energy markets, including the key risks and uncertainties.

Refreshments will be provided and delegates must pre-register in advance

Breakfast briefing and registration

7:30

BP Energy Outlook 2018

Chair: Andy Critchlow, Head of Energy News, EMEA, S&P Platts

Spencer Dale, Group Chief Economist, BP
8:00
Inter
Continental Park Lane
The drive towards a low carbon future

Wednesday, 21 February 2018 BCG pwcr

Silver sponsors

Meeting future energy needs, whilst also tackling climate change, are grave challenges facing the energy sector now and for decades to come.
With countries such as the UK, France and China announcing the end of sales of new petrol and diesel cars, should the oil and gas industry be responding to potential ‘peak demand’ and focussing more closely on diversification?
This session will review the current challenges and potential opportunities of meeting our global decarbonisation targets, as well as exploring the vital role the oil and gas industry must play at the heart of this energy transition.  

Registration and networking

08:30
Inter
Continental Park Lane

Welcome from the chair

Professor Jim Skea CBE FRSA FEI, Co-chair, IPCC Working Group III, Imperial College London

9:00
Inter
Continental Park Lane

Getting the Paris Climate Change Agreement on track

The Paris Climate Change Agreement was a remarkable achievement. 2018 through 2019 will develop the launch pad to the next level of global and national ambition--this will have profound implications for all sectors of society including oil and gas and sectors including cement and steel

Nick Nuttall, Director of Communications and Spokesperson, UNFCCC

09:10
Inter
Continental Park Lane
The era of a new energy future

09:30
Making new energies a profitable business

Energy systems are undergoing change: at varying rates and degrees of complexity across the globe. This change is driven by growing energy demand and an urgent need to curb emissions. The world is expected to see increased electrification, with renewables complemented by cleaner fossil fuels meeting demand. Shell’s New Energies business builds on experience in lower-carbon technology and explores new commercial models. It focuses on two main areas: new fuels for transport, such as advanced biofuels and hydrogen; and power, which includes low-carbon sources such as wind and solar, as well as natural gas.

Mark Gainsborough FEI, Executive Vice President New Energies, Shell
Inter
Continental Park Lane
Investing in the low carbon future

Practical action is critical. Clean tech opportunities exist e.g. CCUS, methane mitigation, efficiency. Technology is important, but a systems approach is also needed. Venturing is key; it drives innovation and draws capital from outside our industry. The challenge is the number of opportunities. Deployment is critical; it will encourage investment and new technology companies.

Dr. Pratima Rangarajan, CEO, OGCI Climate Investments
Inter
Continental Park Lane
Diversifying for the future energy landscape
The current energy landscape is one where we see the continued rise of renewables, powered by innovations, which are enabling cleaner and affordable solutions to lower emissions. The future energy landscape is one where consumption is likely to increase more than at any time before, so how can renewables keep pace in this changing world, and work in conjunction with natural gas to help meet this unprecedented demand?
Dev Sanyal FEI, Chief Executive, Alternative Energy and Executive Vice President, Regions, BP
Inter
Continental Park Lane
ExxonMobil long range technology
How will new technologies transform the future of our industry and reduce carbon emissions? Which clean-energy technologies and efficiency techniques should we consider employing? Which technologies can have the long-term impacts on reducing greenhouse gas emissions? Making a business case for carbon capture and storage –the drivers and rationale for CCS

Pete Trelenberg, Manager, Environmental Policy and Planning, Exxon Mobil Corporation

Inter
Continental Park Lane
Transitioning to a sustainable energy future: leveraging oil and gas capabilities
While the world continues to rely largely on oil and gas to meet increasing energy demand, renewable energy sources are gaining momentum in the global energy landscape, marking a clear shift in energy consumption patterns.
Innovation, collaboration and co-development are the fundamental ingredients in ensuring that communities around the world have access to energy in a way that is at once affordable, reliable, sustainable and scalable.
With decades of breakthrough and several downturns under its belt, the oil and gas sector has a crucial role to play.
This session will focus on what can we learn from this experience and how we can apply oil and gas’ unique knowhow to successfully transition to a low carbon future.

Luca Maria Rossi, Vice President, Industrial and Product Management, Turbomachinery & Process Solutions Baker Hughes, a GE company

Inter
Continental Park Lane
The outlook of supply for the near and long-term
The world energy scene is in a state of flux. This presentation will cover the main elements of multiple energy transitions that are underway, and what different assumptions about the strength of future policy action might imply for demand for oil and gas. It will consider the continued need for upstream investment, even in a scenario consistent with the Paris Agreement, as well as what needs to be done to accelerate the pace of change in a way that is consistent with the world’s goals for sustainable development.

Dr Fatih Birol HonFEI, Executive Director, IEA

10:35
Inter
Continental Park Lane
Refreshments and networking
10:55
Inter
Continental Park Lane
Toyota's approach to sustainable mobility
Tony’s presentation will set out Toyota’s approach towards sustainable mobility. This will include how Toyota is addressing the key environmental challenges of climate change, air quality and energy security. This will include an explanation of Toyota’s vehicle technology approach and the company’s future technology road map - explaining the role and contribution of hybrid electric vehicles; plug-in electric vehicles; battery electric vehicles; and hydrogen fuel cell electric vehicles. The presentation will conclude with an explanation of Toyota’s Environmental Challenge 2050 with its aim to help realise greater sustainable development together with society.

Tony Walker, Managing Director, Toyota Motor Europe, London

11:15
Inter
Continental Park Lane
A framework for companies from developed nations to help build capacity in developing nations
A decade ago, companies complemented their investment activities with Corporate Social Responsibility. Whilst well-intended, results often missed the mark as companies attempted to ‘go it alone’ without good implementing partners. More recently, there has been a shift to social performance, akin to approaches by development agencies and NGOs. Again, this has had unintended consequences, often causing investors to do what governments should do with mixed results and unfulfilled commitments. We consider a third way - socioeconomic investment - where companies play to their strengths. Investment in business development, support for STEM education and shared infrastructure could be the right trio.
• Establishing the gaps and needs that will help developing countries in the future
• The partnership between developed and developing countries in enhancing capacity building actions
• The deployment of technology

Dr Angus McCoss, Exploration Director, Tullow Oil

11:30
Inter
Continental Park Lane

Mobilising climate finance

Several trends support the growth of climate finance: 1) expanding political will, 2) market participants’ unilateral commitments, 3) the G20 Taskforce for Climate-risk related Financial Disclosure, 4) legally-binding policy measures, and 5) the Nationally Determined Contributions submitted under the Paris Agreement.
A suite of innovative financial products has emerged for corporates and investors. These include carbon market-related hedging products, green bonds, green loans, climate-linked smart-beta and green finance for supply-chains.
Insights in climate finance will be shared from Bank of America Merrill Lynch’s experience with its Catalytic Finance Initiative and $125 billion low-carbon business commitment.
• What could ‘mobilising’ finance do to enable action on climate adaptation and mitigation projects?
• What financial solutions are currently available or emerging that can help in the long-term?
What could ‘mobilising’ finance do to enable action on climate adaptation and mitigation projects?
What financial solutions are currently available or emerging that can help in the long-term?

Abyd Karmali, Climate Finance Executive, Bank of America Merrill Lynch

11:45
Inter
Continental Park Lane

Summary from the chair and closing remarks

Professor Jim Skea CBE FRSA FEI, Co-chair, IPCC Working Group III, Imperial College London

12:00
Inter
Continental Park Lane

Lunch and networking

12:10
Inter
Continental Park Lane
The evolving role of gas as a cleaner fuel alternative

Wednesday, 21 February 2018
jlc

Silver sponsors

SponsorherbertGold sponsor
Natural gas is often described as the cleanest fossil fuel and has the potential to aid global emissions reduction, particularly when used in innovative ways such as blending with biogas. Tackling fugitive methane emissions during gas production and carbon emissions during combustion will also be important for the long-term future of gas in the energy mix.
With gas likely to displace more carbon intensive fuels in transport and power generation going forward, this session will focus on the future role of gas in the ever-evolving energy landscape.
Welcome from the chair
Melissa Stark FEI, Managing Director, Accenture
13:10

Challenges and opportunities facing the global gas industry

• Look back on the rapid growth in demand for both piped gas and LNG.
• Look forward, explaining where Shell sees future growth in demand coming from.
• While acknowledging the growing importance of power, stress the need to look beyond electricity – to transport, industry and the built environment.
• Argue that the industry must not hope for the best that gas demand continues to increase. There are three key areas the industry should focus on:
• Advocate for robust decarbonisation policies.
• Continue cutting costs across the gas value chain.
Focus on reducing the greenhouse gas intensity of the gas value chain – particularly methane leaks.
Clare Harris Executive Vice President Integrated Gas Venture Development, Shell International Exploration and Production
13:20
Inter
Continental Park Lane

The shift towards natural gas

The move towards gas as a cleaner fuel option: the coal to gas switch over

Promoting the gas and renewable partnership

Laurent Vivier, Senior Vice President, Gas Total

Tor Martin Anfinnsen, Senior Vice President, Statoil

Clare Harris, Executive Vice President Integrated Gas Venture Development, Shell International Exploration and Production
13:35
Inter
Continental Park Lane
The outlook for China’s LNG supply and demand

During the 13th Five-year Plan period, naturalgasmarket competition will intensify as global supply loosens.
In the Opinions on Accelerating NaturalGas Use issued by 13 authorities incl. the NDRC, MIIT and MOF on June 23rd, 2017, it was clarified that priority should be given to reform and innovation in naturalgasmarket development, system barriers to the industry’s healthy development should be removed and market should play a decisive role in naturalgasresources allocation.
It is inevitable for naturalgas to become a mainenergy in China as various capital is allowed to tap the naturalgas infrastructure construction and utilization fields and market-orientedreform is speeding up.

Shengxiang Su, Senior Analyst, Natural gas, JLC Network Technology
14:10
Inter
Continental Park Lane
The position of natural gas – A buyer’s perspective

Emerging market players
What do LNG buyers want?

Pierre Cotin, Chief Strategy Development and Marketing Officer, Elengy

Naoki Miyoshi, Senior Vice President, Fuel Transactions Group, JERA

Keun-Wook Paik MEI, Senior Research Fellow, Oxford Institute for Energy Studies
14:30
Inter
Continental Park Lane
LNG market expansion

John England will focus on the growth of US gas supply and impact on the global LNG market

John W. England, Vice Chairman, US Energy and Resources Leader, Deloitte
15:10
Inter
Continental Park Lane
Refreshments and networking
15:25
Inter
Continental Park Lane
The new trading patterns and business models emerging in the sector

Navigating through market trends and the challenges of oversupply
Latest trends and patterns in new trading markets
Insights into LNG pricing models

Andrew Walker, VP Strategy and Communication, Cheniere Energy

Pablo Galante Escobar, Head of LNG, Vitol
15:45
Inter
Continental Park Lane
The energy revolution in the East Mediterranean: a new source of supply to the region
The evolution of the Energy sector in the region opens new opportunities for all
Yossi Abu, CEO, Delek Drilling
16:15
Inter
Continental Park Lane
Investment opportunities in the Philippines: Promoting the use of natural gas beyond power
Donato Dionisio Marcos, Undersecretary, Department of Energy, Republic of The Philippines
16:30
Inter
Continental Park Lane
Technological innovations to aid growing gas demand
Midstream technologies that can reshape the LNG market
• FSRUs: its potential for regasification terminals
• The use of virtual pipelines for small scale

Vytautas Čekanavičius, Acting General Manager, Litgas



Osvaldo del Campo, CEO, Galileo Technologies

16:45
Inter
Continental Park Lane
Summary from the chair and closing remarks
Midstream technologies that can reshape the LNG market
• FSRUs: its potential for regasification terminals
• The use of virtual pipelines for small scale


Melissa Stark FEI, Managing Director – Energy, Accenture
16:55
Inter
Continental Park Lane
Briefing: Deriving value from geospatial analytics in the petroleum industry

This one-hour briefing, will give delegates an opportunity to understand some of the key factors shaping energy markets over the next 20 years, including the key risks and uncertainties. Orbital Insight is a Geospatial analytics company. Geospatial analytics is a set of technologies affecting the operational efficiencies, technical capabilities, business models, and best practices of the global petroleum industry. This session will discuss how the $260bn commercial satellite industry is dramatically changing marketplace dynamics and providing industry participants with unprecedented granularity through Orbital Insight's monitoring of over 5bn barrels of crude globally.
Welcome from the chair

Marta Kozlowska, Development Director, Energy Institute
13:10
Deriving value from geospatial analytics in the petroleum industry

Bryan Yates, Director of Sales and General Manager, EMEA, Orbital Insight
13:20
Q&A session

13:50
Summary from the chair and closing remarks

Marta Kozlowska MEI, Development Director, Energy Institute
14:05
Organisational learning from incidents: what it means to be an effective learning organisation
Tripod

Supporting Organisations

Shell Sponsor
Organisational learning from incidents: what it means to be an effective learning organisation

Through a lens of safety, the session will explore the latest knowledge around how organisations learn, building on work captured in the EI’s recent Tripod Foundation and Hearts and Minds publications.

Through the roundtable discussion participants will reflect on their own challenges and successes in this process.

Topics include:
Building a supportive learning environment
Understanding the skills required to facilitate transformational learning
Learning and punishment: why an organisational blame culture inhibits learning of system causes
Welcome from the chair

13:10
Organisational learning from incidents: what it means to be an effective learning organisation

Grzegorz Kulawski, Group Vice President Safety, Shell
13:15
Insights from industry on organisational learning

Tony Gower-Jones, Stitching Tripod Foundation
13:20
An academic perspective on organisational learning

Prof. Allison Littlejohn, Academic Director of Digital Innovation & Professor of Learning Technology, Open University
13:20
Q&A

13:40
Summary from the chair and closing remarks

Grzegorz Kulawski, Group Vice President Safety, Shell
14:05
Session
Speakers
Time
Venue
Breakfast briefing: Record oil inventory era ends! How should oil storage hubs navigate persistent backwardation in 2018 to avoid price war?
This one-hour breakfast briefing, will give delegates an opportunity to understand some of the key factors shaping energy markets over the next 20 years, including the key risks and uncertainties. Backwardation in the fuel oil and crude oil market has soured storage economics as the major storage hubs face race to the bottom in possible price war – Winning Strategies? Refreshments will be provided, and delegates must pre-register in advance.
Breakfast briefing registration
07:30
Inter
Continental Park Lane
Record oil inventory era ends! How should oil storage hubs navigate persistent backwardation in 2018 to avoid price war?

Panel Discussion with Q&A
Dave Ernsberger, Global Head of Energy Pricing and Co-Head of Content, S&P Global Platts
Chris Bake, Member of the Executive Committee, Vitol
Sean Evers, Managing Partner, Gulf Intelligence
08:00
Inter
Continental Park Lane
Global energy policy and security:  strategies for sustainable energy development

Thursday, 22 February 2018
This session will feature international energy policy experts and leaders discussing the challenges and opportunities global energy policy.
Registration and networking
08:30
Inter
Continental Park Lane
Welcome from the chair
Louise Kingham OBE FEI, Chief Executive, Energy Institute
09:00
Inter
Continental Park Lane
A bright future
BP Upstream CEO Bernard Looney explains why he is optimistic about the industry’s future, looking at the upsides of lower oil prices, greenhouse gas reduction and the ‘great crew change’.

Bernard Looney CEng FEI, Chief Executive, Upstream, BP

09:10
Inter
Continental Park Lane
The US perspective on energy security and energy diplomacy
The United States has traditionally seen energy security through the lens of two key Straits: Hormuz and Malacca. As U.S. domestic and unconventional supplies grow, the political concern with risks to energy supply has diminished. China’s risk exposure to instability in these two Straits has grown. Changing dynamics and US policy in the Middle East and Asia could, over time, threaten the stability of these two key regions. While the US is not the new ‘swing producer’, a perception of growing energy independence is reinforcing a broader American ambivalence to its forward security role.

Bruce Jones, Vice President and Director - Foreign Policy Senior Fellow - Foreign Policy, Project on International Order and Strategy, Brookings Institution

09:30
Inter
Continental Park Lane
The changing global geopolitical landscape and its implication for the oil and gas sector

09:45
Overview of Chinese energy and natural gas
Macro-situation of Chinese energy, analysis of petroleum industry and natural gas, conclusion

Minister Counsellor Jiang Sunan, Minister Counsellor for Science and Technology, Chinese Embassy to the UK

Inter
Continental Park Lane
Geopolitics of the MENA region
  • The nature of geopolitical risks in MENA region has changed and has become more complex
  • Overall, there has been a general deterioration in the geopolitical backdrop, but the short term impacts on oil and gas markets have been limited
  • However, the deteriorating geopolitical drop would have some more subtle longer term impact on the productive potential of the region As the crude overhang has been eroded and spare capacity has become thin, geopolitical events are expected to have bigger impact on oil markets

Dr. Bassam Fattouh, Director, Oxford Institute for Energy Studies

Inter
Continental Park Lane
Outcomes from the Oslo Energy Forum 2018

Moderator: Raphael L Vermeir CBE CEng FEI Chartered Petroleum Engineer, Chairman, IP Week Programme Board


Tove Stuhr Sjøblom, Managing Director, Oslo Energy Forum

10:15
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Summary from the chair and closing remarks

Louise Kingham OBE FEI, Chief Executive, Energy Institute

10:25
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Middle East Energy Summit: Navigating the new normal of global oil & gas trade flows?
Middle East knowledge partner
Patronas AMNII Chemie-Tech Aspect Silver sponsor herbert Gold sponsor

Thursday, 22 February 2018

Increased shale production will transform the U.S. into one of the world's top oil exporters in just a few years, with estimates that American crude exports will grow to 2.25 million barrels a day by 2020, a four-fold increase from 2016.


The boom would put the U.S. in roughly the same league as major oil exporters including the United Arab Emirates and Kuwait. The major increase in supply would further undermine the strength of OPEC, which was exporting an average of 25 million barrels a day in 2016. Meanwhile the European and Asian gas markets are becoming more and more competitive and US exports of liquefied natural gas (LNG) will be a major part of this landscape.

The International Oil Diplomacy Person of the Year Award presentation and interview

The award celebrates the successful legacy of an individual who has demonstrated an outstanding record of achievement in the advancement of the global oil industry.
As an inspirational individual, their work will have reached far beyond their own actions and affected people, companies or nations across the global energy industry.

Moderator:Sean Evers, Managing Partner, Gulf Intelligence



Award to be collected by Mr Adeeb Y. Al-Aama, Saudi Arabia’s Governor to OPEC on behalf of H.E. Khalid Al Falih, Minister of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia



Introduction of Award Winner by Sean Evers, Managing Partner, Gulf Intelligence



Award Presentation by Louise Kingham OBE FEI, Chief Executive, Energy Institute

10:30
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Refreshment break and networking

11:05
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Opening comments by the chairman of Middle East energy summit

Sean Evers, Managing Partner, Gulf Intelligence

11:25
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Summit welcome note:

Capt. Salem Al Hammoudi, Deputy Manager, Fujairah Oil Tanker Terminals & Member of FedCom
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Summit ministerial keynote lecture: Egypt’s role in 2018 as a regional centre for energy and oil trade

H.E. Tarek El Molla, Minister of Petroleum & Mineral Resources, Arab Republic of Egypt

11:45
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Summit ministerial interview

H.E. Suhail Al Mazrouei, Minister of Energy & Industry, United Arab Emirates & President of the OPEC conference 2018



Moderator: Steve Sedgwick, Anchor, CNBC
11:55
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Summit interactive survey:
snap poll: outlook for the global energy industry in 2018?

David Sheppard, Energy Markets Editor, Financial Times



Moderator: Dyala Sabbagh, Partner & COO, Gulf Intelligence
12:15
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Gulf industry interview

Nizar Al Adsani, Chief Executive Officer, Kuwait Petroleum Corporation



Moderator: Dyala Sabbagh, Partner & COO, Gulf Intelligence
12:30
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The Fujairah summit lecture - the coming energy transition & the Middle East?

Professor Paul Stevens, Distinguished Fellow, The Royal Institute of International Affairs, Chatham House

12:50
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International leadership panel: how best should middle east producers navigate the new normal of global oil & gas trade flows – winners & losers?

Chris Midgley, Head of Analytics, S&P Global Platts



Prof. Paul Stevens, Distinguished Fellow, The Royal Institute of International Affairs, Chatham House



Dr. Panos G. Kelamis, Chief Executive Officer, Cyprus Hydrocarbons Company



Moderator:Sean Evers, Managing Partner, Gulf Intelligence



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Lunch and networking
13:40
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Debate
Motion: poacher turned gamekeeper: “Us oil & gas exports will steal market share from gulf producers in Asia.” Agree or Disagree?

Featured Debaters:
FOR:
Amrita Sen, Chief Oil Analyst, Energy Aspects

David Sheppard, Energy Markets Editor, Financial Times

AGAINST:
Dr. Carole Nakhle, Chief Executive Officer, Crystol Energy

Gaurav Sharma, Business Editor (International Business Times) & Oil Market Analyst

Moderator: Sean Evers, Managing Partner, Gulf Intelligence

14:30
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Summary from the chair and closing remarks

Sean Evers, Managing Partner, Gulf Intelligence

15:30
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Future scenarios for Russia CIS oil and gas
This session will discuss the state of the oil and gas industry in Russia and CIS, providing insight into current trends and future scenarios for those operating in this key oil and gas region
Welcome from the chair
Gerald (Gerry) Rohan FEI, CEO, Rohan Global Consulting
11:30
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Oil and gas project developments in the Far East Russia
11:40
Rosneft Gold sponsor
Absheron gas-condensate field development project and other major upstream projects of SOCAR
Absheron gas-condensate field discovery and its Early Production Scheme concept, which is ready for the FID in 1Q2018 represents one of the finest moments in the existing history of the hydrocarbon developments in the Azerbaijani sector of the Caspian Sea. Development of the field jointly operated by SOCAR and Total has become possible at the most difficult times for the global exploration and development sector owing to the integration of the Absheron’s deep sea well with Oil Rocks field (first offshore field in the world, explored in 1949). The speaker will also cover SOCAR’s plans for future major upstream projects.
Development of field through SPS and receiving platform on Oil Rocks (facility operated by SOCAR)
Yashar Latifov, Vice President for Field Development, SOCAR
Inter
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Kashagan: an oil market game changer
The current global economic environment brings new challenges but at the same time offers new opportunities to the Oil and Gas industry. Olivier Lazare, who leads Shell business in Kazakhstan, namely world-class Kashagan and Karachaganak fields, will talk about the increased pressure on the oil and gas industry to improve efficiency of these major projects and the vital importance of the strategic partnership with the host Government. Ensuring safe and sustainable production during projects execution, bringing new expertise, deploying cutting edge technology are not the only key focus areas. Strategic partnership with the host Government – is essential to the sustainable future of these projects and oil and gas industry as a whole which encourages stronger economic growth and brings value to all parties involved.
Oliver Lazare, Vice President and Country Chair, Shell Kazakhstan
Inter
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Financing Russia's investment projects
Sino-Russian oil and gas cooperation is expanding from NOC to NOC to NOC to SOE and non-NOC. The Yamal LNG financing, Beijing Gas Group, and CEFC China Energy tells the evolution of Sino-Russian oil and gas cooperation and the related financing patterns.

Keun-Wook Paik MEI, Senior Research Fellow, Oxford Institute for Energy Studies

12:10
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Headwinds for the Russian refining industry
An examination of how the IMO rule changes will affect the Russian industry. Recent and impending developments in the oil markets promise to significantly affect the Russian refining industry. Key issues include:
• The implications of the shift in marine bunker sulphur content to 0.50%, especially for the Russian refineries with a high yield of HSFO;
• The impact of increased competition in key European light product export markets of rising light product exports from U.S. refiners;
• The effect of a demand shift away from diesel in the European markets This talk addresses the challenges and opportunities concerning these issues.

Neil Earnest, President, Muse, Stancil & Co

12:25
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Latest plans and prospects for pipelines

Russia and Turkey pipeline deal

Nord Stream 2 gas pipeline to Europe

Siberia China pipeline

Russia’s new Artic pipelines

Professor Andrey A. Konoplyanik, Advisor to Director General/Dr of Science, Professor for International Oil & Gas Business, Gazprom export LLC/Russian State Gubkin Oil & Gas University

Paul Corcoran, Chief Financial Officer, Nord Stream 2 AG, Nord Stream 2 AG

Dr Katja Yafimava, Senior Research Fellow, Natural Gas Research Programme, Oxford Institute for Energy Studies
12:40
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Summary from the chair and closing remarks
Gerry Rohan FEI, CEO, Rohan Global Consulting
13:25
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Lunch and networking
13:35
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Realising the potential for Sub-Saharan Africa’s oil and gas industry Seplat-SilverSponsor pwcr pwcr pwcr pwcr

Silver sponsors

herbertGold sponsor
While the Sub-Sahara oil and gas industry has experience rapid exploration success in recent years, there are still a number of challenges to overcome in the region such as infrastructure requirements and greater fiscal stability.
This session will cover the current trends shaping Sub-Saharan Africa’s exploration and production, as well as analyse what is still needed to fully realise the potential of the oil and gas markets in the area.
Welcome from the chair

Ade Adeola FEI, Managing Director, Energy & Natural Resources, Standard Chartered

11:25
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Strategies for attracting international investment in Africa

11:35
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National Oil Company's strategies for attracting international investments in Nigeria

Dr. Babatunde Victor Adeniran, Head of the Ventures Group, NNPC

11:35
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TOPIC TBC

Guy Janssens, Finance Director, Nigeria and Gabon, Shell EP Africa

11:45
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TOPIC TBC

Bob Maguire, Managing Director, Carlyle
11:45
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TOPIC TBC

Lekan Akinyanmi , CEO, Lekoil
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Unlocking Africa’s exploration hot spots

12:25

Riding the sediment super-highway along Africa’s deep margins

With the largest gross acreage position along the African continental margin, ninety-five percent of which is partnered with super-majors, Impact Oil and Gas is one of the most active explorers around this vast continent. Impact’s focus is on exploring for oil in deep marine sandstones, deposited over the edge of the continental margin and onto the newly formed ocean plains by enormous rivers during the Cretaceous period, from about 145 to 65 million years ago. Owing to the presence of associated intervals of rich, oil-prone source rocks during this period, we believe that world-class oil reserves can be found in these previously little explored deposits.

Mike Doherty, Chairman, Impact Oil and Gas
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The Return of Exploration Drilling to West Africa – Ghana post Jubilee

Since the collapse of world oil prices in 2014 oil companies have shied away from investing in exploration. Recent hints of an improving oil price forecast have pumped new life in exploration budgets – particularly over the last quarter. Small independents like Amni have taken advantage of the downturn and built a sizable portfolio of prospects in the heart of one of the most prolific West Africa basins – the Tano Basin, offshore Ghana. The talk describes Amni International and considers where the re-birth of exploration will occur in West Africa – in the shadow of multiple large/giant oil fields

Galen Treadgold,Executive Director Geosciences, Amni International Petroleum Resources
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The industry’s latest exploration hotspot – Walvis Basin, Offshore Namibia

Azinam, part of the Azimuth Group, is a Namibia focused oil and gas E&P company. Since 2012 and throughout the downturn, backed by Seacrest Capital Group, Azinam has been leveraging its technical strengths to unlock the significant potential of 9 billion barrels of net unrisked prospective resources in the Walvis Basin. A combination of heightened industry interest in the country and wells planned in 2018, coupled with recent licensing and exploration success in geologically analogous regions within the South Atlantic margins, including the Falkland Islands, Brazil, South Africa and Angola, has made the region one of the most attractive potential hydrocarbon provinces in the global arena. Selma’s talk will address why offshore Namibia is attracting such big and successful African explorers.

Selma Usiku, Head Exploration Geologist, Azinam Namibia (Azimuth Group)

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Lunch and networking

13:35
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Topic TBC

Speaker Invited

14:25
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Viewpoint from independents

Dr Nick Cooper, Chief Executive Officer, Ophir Energy
14:45
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Outlook for the MSGBC Basin

Building on the Success of Recent Exploration
Exploration review: latest developments of the basin
Examining different play types across the basin
Looking towards the future: where do we go from here?
What do we predict in the near-term and long-term?
Updates on hydrocarbon legislation across the region, and their implications for E&P activities in operation

Julio Mamadou Balde, Secretary General, AGC



Baidy Diene, Deputy Secretary General, AGC



Vance Querio, Chief Executive Officer, Oryx Petroleum



Rob Tims, CFO, Rhino Resources

15:15
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Opportunities in downstream

Chris Schemers, Head of Origination, Europe, Africa and Russia, BP Integrated Supply and Trading

15:45
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Summary from the chair and closing remarks

Ade Adeola, Managing Director, Standard Chartered Bank

16:15
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Briefing: 2020 Global Bunker Fuel Sulphur regulation: what does it mean and how can it be done?
14:30 - 16:00

In Association with IPIECA

Following entry into force of MARPOL Annex VI the permitted Sulphur content of fuels from ships will reduce from 3.50% to 0.50% globally, effective 1 January 2020.

In 2017, the International Energy Agency commented:

“[This] is easily the most dramatic change in fuel specifications in any oil product market on such a large scale…. with road fuel specifications tightening globally…. there is no certainty there will be enough hydro-desulphurization capacity ……. to meet all of the incremental demand.”

To comply, shipowners/operators must either invest in exhaust gas after-treatment to remove Sulphur or use 0.50% Sulphur Marine Diesel and/or the use of heavier low Sulphur petroleum fractions or blends)

Welcome from the chair

Rob Cox, Technical Director, IPIECA
14:30
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Topic TBC

Information will be provided on work by IMO on consistent implementation of the 0.50% sulphur limit for fuel oil used by international shipping on and after the 1 January 2020 including development of amendments that would lead to a prohibition on the carriage of non-compliant fuel oil and preparation of guidance on ship implementation planning for 2020

Dr. Edmund Hughes, Head of Air Pollution and Energy Efficiency, Marine Environment Division of International Maritime Organization (IMO)
14:35
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Refiner perspective - MARPOL 2020

This talk by a leading refiner and marine fuel supplier seeks to move the Marpol debate forward by bringing a new perspective on the likely impacts of the upcoming regulatory change. Following significant internal analytical work, the presentation addresses industry concerns relating to fuel availability, quality, stability and compatibility

Jason Breslaw, Marpol Lead for 0.5% Marine Fuels Development, BP
14:50
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Topic TBC

Iain White, Global Marine Field Engineering Services Manager, ExxonMobil
15:05
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A regional view - Africa

The impact on the African continent of the MARPOL global ship bunker fuel specification changes, which will come into effect in 2020, will be presented. The dilemma facing refiners to invest in solutions for very low sulphur fuel oil bunker solutions when vessel scrubber investment will negate the value of that investment a few years later will be discussed. Finally, he will discuss the obligations of the many players involved in the bunker supply chain to supply compliant fuels and to assure a level playing field for all involved.

David Bleasdale, Executive Director, CITAC Africa
15:20
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Summary

Robin Meech
15:35
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Q&A

All speakers
15:50
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Summary from the chair and closing remarks

Rob Cox, Technical Director, IPIECA
16:00
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Briefing: Promoting women: a strategic approach to gender equality in oil & gas
14:30
pwcr Silver sponsor

With two-thirds of oil and gas sector employees due to retire in the next 5-10 years and women representing only 22% of the industry’s global workforce, it is high time to address this underdeveloped potential. This interactive session will share learnings from the recent BCG / World Petroleum Council report on ‘Untapped Reserves: Promoting Gender Balance in Oil and Gas’, a comprehensive baseline study on gender balance at all levels in the oil and gas sector today. Based on its recommendations and examples of corporate gender strategies and initiatives we will discuss how to best foster female talent in the industry.

Welcome from the chair

Ulrike von Lonski, Director of Communication, World Petroleum Council
14:30
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Welcome from Powerful Women

Francis Gugen, Chairman, Gugen Consulting Limited
14:35
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Promoting Women: a strategic approach to Gender equality in oil & gas

Dr Katharina Rick, Partner and Managing Director, The Boston Consulting Group
14:40
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Q&A

14:55
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Summary from the chair and closing remarks

Ulrike von Lonski, Director of Communication, World Petroleum Council
15:25
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Energy transition and the future of the oil & gas industry
14:30
McKinsey

Knowledge partner: McKinsey

The Energy Transition is accelerating, and with further disruptions on the horizon, next to a more moderate base case, we also see possible scenarios of peak oil and even peak gas before 2030. During this presentation, McKinsey will explore the different factors that will shape oil & gas demand in the coming decades and present their latest work specifically on the Industry demand for oil and gas. They will then explore the possible consequences for the industry in the transition – homing in on one very radical scenario.

Welcome from the chair

Malcolm Brinded CBE FREng FEI, President, Energy Institute
14:30
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Energy transition and the future of the oil & gas industry

Occo Roelofsen, Senior Partner, McKinsey & Company
14:35
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Q&A

14:05
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Summary from the chair and closing remarks

Malcolm Brinded CBE FREng FEI, President, Energy Institute
15:25
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Tomorrow's Energy Leaders:
The Rise and Fall of Black Gold:
Developing Careers in a Transitional Industry

21 February 2018
18.30 - 21.00

Grays Room
InterContinental London
1 Hamilton Place
Park Lane
Mayfair
London  W1J 7QY

Full event here

Places are limited and are allocated on a first come first served basis

Tomorrow's Energy Leaders: Professional Development Programme

Have you recently joined the oil and gas industry?


Are you looking to develop your career in the oil and gas sector? Do you want unique access to leaders in the industry?


EI graduate members can attend IP Week at a substantially discounted rate with unique access to leaders and opinion formers, and networking opportunities.

Feedback from previous delegates

100% of delegates on our programme in 2016 said that they would recommend the professional development programme to others and that it was good value.

"Very interesting speeches, amazing opportunity to meet the speakers in person. The small group of graduates that made it easier to participate and network."

"I had access to senior people in the industry, some of whom I have networked with and hope to build a relationship with. I learned more about the industry and have [more of] an appreciation of the latest developments within it."

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