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.