ADIPEC gathers the industry to respond to the global economic crisis
ADIPEC's 2020 Strategic Conference Programme will focus on the realities brought by the complex set of events that have impacted supply, demand, profit margins, affordability and sustainability. All of which have been transformed by the COVID-19 pandemic.
The unprecedented changes to the energy value chain will refocus on the realities of a difficult time ahead for the global energy landscape.
With the latest OPEC directives and the assumptions that it will take six months of aggressive global public health restrictions to flatten the COVID-19 curve, this year’s Strategic Conference will address the collective measures that the industry needs to put in place in 2020 to ensure a fast-track recovery.
ADIPEC 2020 KEY THEMES
These 5 distinct pillars, incorporated in the Strategic Conference Programme will offer unique insights addressing how oil and gas companies have evolved their business models, and how they are adapting to the new realities of hydrocarbon supply, demand and operational resilience.
The downturn in energy demand, brought on by the deep global economic recession, combined with oversupply and a lack of storage, paralysed the industry. As the energy sector seeks to recover, it faces huge uncertainties. The eventual outcome of which, will shape global balances and investment strategies over the course of the next decade:
- What will the new demand normal look like?
- Will shale production remain economic under the emerging supply-demand conditions?
- What are the key lessons learned from the 2020 crisis?
- How has the business model and the industry value-proposition changed?
Short and long-term shocks to the industry are challenging its profitability and its ability to create sustained value for investors and governments. New approaches will be required to a sector where “cheaper, cleaner, more efficient” will increasingly become the standard for business resilience and operational success:
- What are the key areas of innovation and technology that offer most opportunity for an energy sector in transition?
- What options are available to enhance stakeholder value in the long-term?
- How will partnerships be impacted as the industry adapts to a new normal?
- What can the industry learn from the experience of other sectors?
The COVID-19 pandemic directly impacted the evolving patterns of supply and demand, the slowing pace of globalisation, and changes to the architecture of the international system. Trends that had been evident for a number of years have been accelerated, with the emergence of new energy leaders, new patterns of trade, and new national security concerns. These factors will shape the energy sector environment in the coming years, determining the stability of energy trade as well as the stability of energy prices:
- Has the COVID-19 pandemic altered the balance of power in the global energy sector?
- How has government policy impacted the new global energy architecture?
- What will the future architecture of market management look like?
- What are the lessons learned for the main producers and consumers of oil and gas?
Climate and sustainability concerns pose a challenge to energy industry norms. Business as usual is no longer an option in a sector that is front and centre of the energy transition. If the public and private sectors are to maintain the social license to operate, business practices must adapt, and long-term operations must change:
- How has the COVID-19 pandemic altered the climate change agenda?
- What are the different pathways available to companies and countries as the energy transition unfolds?
- In a world that still relies on hydrocarbons, how are governments, companies and consumers collaborating to achieve low-carbon economy targets?
Demographics, changing views of the energy industry, climate concerns and gender imbalance are all impacting the sector’s workforce and the availability of talent globally. In the western hemisphere, in particular, attracting and retaining the best and the brightest is becoming an increasing challenge. Industry leaders will require new, innovative strategies to maintain and ensure a long-term supply of talent in the sector.
- How can companies protect their employees in the wake of cost cutting?
- What skills upgrades will be required as companies focus on innovation and automation?
- Where is the talent pool of tomorrow?
- How can the industry further embrace diversity to broaden its talent pool and attract new employees?
ADIPEC'S 2020 STRATEGIC CONFERENCE PROGRAMME INCLUDES:
Panel session experts and industry leaders will examine the most pertinent oil and gas recovery scenarios post-pandemic, including the impacts of the entire world on an unprecedented lockdown for the first half of the year; the parallel slump in oil demand, and the untimely breakdown of OPEC+ discussions that seriously impacted operations of most players globally.
Leaders, innovators and industry experts will deliver critical insights on issues impacting the future of energy, including the COVID-19 pandemic and how economies are recovering; the new geopolitics of supply; building future business resilience and the unquestionable need for new, robust business models.
Global experts take the stage to discuss how the unprecedented events of 2020 brought economies and businesses to a standstill and irrefutably changed social behaviour and welfare for millions of citizens across the world.
3 globally renowned speakers will deliver critical insights on macro and microeconomics that will affect the industry in the short and mid-term. Topics include the price of oil and the ESG challenge, COVID-19 effects, the LNG industry and the impact that the industry has on people’s welfare.
Live from the ADIPEC Studio, critical interviews with global influencers and industry disruptors giving their take on the evolving global economic and energy landscapes.
Strategic Roundtables and Breakfast Briefings
Closed door, by invitation only Roundtables and Breakfast Briefings attended by CEOs, C-level executives and policymakers, discussing the status of the oil and gas industry.