Embrace the new energy landscape

Published:  05 September, 2016

Oil and gas giants call for industry collaboration ahead of ADIPEC.

Major oil and gas companies 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 in November.

Speaking ahead of his participation in the ADIPEC Global Business Leaders’ panel, 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, adding: “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.”

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.

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, chair and CEO of ExxonMobil, Patrick Pouyanné, CEO of Total; Bob Dudley, CEO of BP; Alexander Medvedev, deputy chair, management committee, Gazprom; Vicki A Hollub, president and CEO of Occidental Petroleum Corporation, Jeff Miller, president of Halliburton; and Paal Kibsgaard, chair and CEO of Schlumberger.

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 chair of the industry consulting group IHS.

Jeff Miller, President of Halliburton, said: “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.

ADIPEC will take place 7-10 November 2016 at ADNEC.

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