The Oil & Gas Council hosted our flagship event, World Energy Capital Assembly in London on December 4-5 2017. With over 700 of our members from across the upstream oil and gas industry, financiers and investors, the conversation was flowing at a wide range of networking opportunities culminating in the annual Awards Dinner.
With over 80 speakers taking part in discussions over two streams, the Assembly provided interesting insights into what the future holds for stakeholders across the industry. A number of recurring themes emerged over the two days, with the outlook on the whole generally positive.
At the Oil and Gas Council, our role is to ensure we reflect our membership. It hasn’t escaped our notice that many of our members are undergoing efforts to realign their core business to a broader energy focus. Additionally, our network of financiers and investors are increasingly open to new opportunities that don’t sit in the traditional realms of upstream.
Our network has been built around connectivity, trust, integrity and most important impartiality. This final pillar presents an important distinction to many of the initiatives currently being pursued in the clean energy space.
I suppose a good place to start would be about a year before the oil price fell, in 2013. We noticed at that time that the industry cost structure had become severely inflated. Our ultra deepwater wildcats could cost $250 million gross and the industry was maxed-out in terms of activity and this was stretching global capacity and global capability.
As a consequence, the industry performance as a whole at the top of the last cycle wasn’t that good because of the over-reach and the very high cost structure.
In my position as Permanent Secretary of Energy and Economic Affairs in early 2000, I was also the head of the Policy Analysis Unit, Department of Geology and Commission of Petroleum. They were all reporting to me.
China has the largest demand growth in oil markets, and as such, it’s a very important market for us.
Over the past few years, we’ve seen some of our biggest Chinese counterparts evolve their position in overseas markets, including: upstream and shipping.
In the early 2000’s I did my first transaction in Nigeria and I realised that there was a lot going on in Africa. In the mid -2000’s for two to three years, I travelled between Dubai and Calgary every six weeks as Dubai was very much a gateway of finance to the African continent.
It is the first time that we have confirmed such large gas deposits and we have to be prepared to fulfil the needs of the experts in the areas of oil and gas, or mining, for example.
I run a campaign and advocacy organization called Power-For-All whose aim is to promote decentralized renewable energy (DRE) as the quickest, easiest and most cost effective way of encouraging energy access globally.
I am a partner at Holman Fenwick Willan (HFW) based in Geneva, Switzerland. HFW is a sector led international law firm with over 17 international offices including thee associations.
I am responsible for our existing energy portfolio as well as new investments in the energy sector.
SGX mirrors the evolution of Singapore’s economy, and this is particularly the case given Singapore’s role as a global commodity trading hub and international financial centre.
I entered the industry from a pretty unusual route having commenced my career as a pilot first in the RAF and then with Bristow Helicopters in the early stages of the North Sea oil boom.
As a high school assignment, I shadowed one of my father’s former co-workers at Eastman Chemical Company, a major chemical and polymer product manufacturer. The experience left me with a keen interest in engineering.
ORLEN Upstream Canada (OUC) is a subsidiary of PKN ORLEN, an integrated oil and gas company based in Poland. PKN ORLEN is the largest oil company in Central and Eastern Europe
Currently the MPRDA Amendment Bill (MPRDA Amendment) has been referred back to the South African National Assembly by President Jacob Zuma.