Arun Kumar Singh

Shri Arun Kumar Singh is the Chairman of ONGC and the ONGC Group of Companies. He assumed this role on December 7, 2022. In addition to his role at ONGC, Shri Singh serves as the Chairman of ONGC Videsh Limited (OVL), Mangalore Refinery & Petrochemicals Limited (MRPL), ONGC Petro additions Limited (OPaL), and the ONGC Energy Centre Trust (OECT). The ONGC Group is a leader in the Exploration and Production (E&P) sector in India and maintains a significant international presence through its wholly owned subsidiary OVL. The group also has notable interests in refining, petrochemicals, power, and renewables. An industry stalwart, Shri Singh brings nearly four decades of extensive experience in the Oil & Gas industry. He holds a Mechanical Engineering Degree, Graduating first in his class from the National Institute of Technology, Patna. Previously, Shri Singh served as the Chairman and Managing Director of Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and Fortune Global 500 Company. He also chaired Indraprastha Gas Ltd. (IGL), a Joint Venture City Gas Distribution (CGD) Company listed on Indian Stock Exchanges. Additionally, he has held the position of President (Africa & Australia) at Bharat PetroResources Ltd (BPRL), a BPCL subsidiary focused on oil and gas exploration, primarily overseas. Shri Arun Kumar Singh is the President of the Global Compact Network India (GCNI), the Indian Local Network of the United Nations Global Compact (UNGC). He is the Chairman of the Federation of Indian Petroleum Industry’s (FIPI) Governing Council and has also chaired the CII Public Sector Enterprises Council for the year 2023-24.

Session Overview

Wednesday, 5 November

12:00

Global strategy ICC Hall A 12:00 - 12:40

Long-term strategies for transforming downstream portfolios

The downstream industry is undergoing a rapid and strategic transformation, driven by evolving market dynamics, technological advancements, and shifting regulatory frameworks. Portfolio rebalancing in conjunction with increased operational efficiency and strategic investments creates pragmatic pathways to decarbonisation and profitability.

Beyond prioritising high-performing assets, visionary energy companies are combining refining and chemicals operations (a crude-to-chemicals model) to enhance operational efficiency and unleash new value streams. In addition to rationalising refining capacity in certain regions, companies are also exploring diversification into low-carbon solutions such as biofuels, renewables, hydrogen, ammonia and investing further into chemicals.

Long-term portfolio strategies, focusing on 5- and 10-year strategies, are essential to unlocking future opportunities that drive shared prosperity while advancing a resilient, low-carbon, high-growth future.

Attendee insights:

Gain insights from downstream industry CEOs on their diversification strategies and how this evolving business model enables greater investment in new industries, drives portfolio expansion and attracts new customers, clients, and products.

Tuesday, 5 November

All Sessions

13:00

Strategic Conference ICC Hall 13:00 - 14:00

View Session

Decarbonising operations across upstream, midstream and downstream

Oil and gas operations account for 15% of total energy-related Scope 1 and 2 emissions globally. To meet the IEA’s Net Zero Emissions by 2050 scenario, Scope 1 and 2 emissions must be reduced by 50% by 2030. Producers have the means to achieve this target, including reducing methane emissions, the elimination of non-emergency flaring, the clean electrification of upstream facilities and equipping oil and gas processes with CCUS technologies. However, an estimated US $600 billion in investment will be needed to deliver the 50% reduction in the timeframe required. In addition, collaboration between sectors will be critical when optimising supply chain operations, allowing for greater efficiencies and increased profitability.

Attendee insights:

Understand what is needed to decarbonise upstream, midstream and downstream operations, addressing the necessary requirements related to Scope 1 and 2 emissions and identifying the effective levers for decarbonisation.