ABU DHABI – 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 annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016) on Nov. 7-10, 2016 at ADNEC.
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, Patrick Pouyanné, Chairman and CEO of Total, 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.
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 Markit.
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, supplying 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 maximize 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 Program 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 program 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 honored 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.” — SG
