2019 SEASON CALENDAR OF EVENTS

Transcription

1 2019 SEASON CALENDAR OF EVENTS

2 The Gulf Intelligence UAE Energy Forum 2019 Under the Patronage of His Excellency Eng. Suhail Mohamed Al Mazrouei UAE Minister of Energy & Industry January 9 th New York University Abu Dhabi The Gulf Intelligence UAE Energy Forum 2019 ENERGY OUTLOOK 2019: The Year of Transition The Year of Transition as Attention Now Turns to Natural Gas, Downstream, Renewables and Batteries After Abu Dhabi Concludes Five Years of Negotiations on Oil Concession Renewals.. In 2017, the United Arab Emirates produced close to an average of 3 million barrels per day, maintaining its position as the fourth ranked OPEC member in terms of crude oil production. Ninety-five per cent of the UAE s proven oil reserves are based in the emirate of Abu Dhabi (Abu Dhabi), one of the seven emirates of the UAE, and Abu Dhabi s production accounts for almost all, if not all, of the oil exported from the UAE. Abu Dhabi intends to increase its production of oil to 3.5 million barrels per day in the coming years. Global Insights into Transitioning Fuel Mixes ENERGY OUTLOOK 2019: The Year of Transition? The UAE s first oil agreement was concluded on Jan. 11th 1939 between the then Ruler of Abu Dhabi and Petroleum Development (Trucial Coast) Ltd. This agreement covered the entirety of Abu Dhabi, both onshore and offshore. The agreement was followed by similar agreements in respect of the other emirates of the UAE. Those subsequent agreements were, however, relinquished after the Second World War, as was Petroleum Development (Trucial Coast) Ltd s offshore rights in Abu Dhabi. Abu Dhabi entered into its second oil concession agreement on March 9th, 1953, which concession covered its offshore areas. After a number of amendments, relinquishments and extensions, Abu Dhabi s original onshore concession, often referred to as the ADCO concession as it was operated by the Abu Dhabi Company for Onshore Oil Operations (ADCO), expired on Jan. 10th, 2014, 75 years after its initial grant. Between 2015 and 2017, interests in a new ADCO concession were granted to Total (10%), BP (10%), CNPC (8%), Inpex Corporation (5%), GS Energy (3%) and CEFC (4%), with ADNOC retaining a 60% interest. Similarly, Abu Dhabi s original principal offshore concession, operated by Abu Dhabi Marine Operations Company (ADMA OPCO), expired in March 2018 and ADNOC has recently announced a series of new partnerships, including China s CNPC, India s ONGC, Italy s Eni Source: 2018 BP Energy Outlook and France s Total, to take these operations forward into the future for 40 Years. The attractiveness of the offshore concession was undoubtedly enhanced by Abu Dhabi s high reputation within the global oil and gas industry for political and economic stability. Now, What s Next? will be the focus of the 9th UAE Energy Forum on Jan. 9th, 2019 The 999 Forum which for the ninth occasion will gather the national leadership of the UAE energy industry with their international partners at the start of a New Year to discuss and debate the critical trends that will impact their industry over the 12 months ahead.

3 The Oman Energy Leadership Roundtable Summit REVIEW OMAN ENERGY FORUM WHITEPAPER RECOMMENDATIONS ON ACCELERATING ENERGY TRANSITION IN OMAN Thursday Feb. 7 th, 2019 Grand Millennium Hotel, Muscat HOST His Excellency Dr. Mohammed Hamad Al Rumhy Minister of Oil & Gas, Sultanate of Oman

4 Hosted by Feb. 26 th - 28 th, 2019 The 3 rd Gulf Intelligence IP Week Middle East Energy Summit The 3 rd Gulf Intelligence IP Week Middle East Energy Summit The 3 rd Gulf Intelligence IP Week Middle East Energy Summit Feb. 28 th 2019 Intercontinental Hotel Park Lane London The 3rd Gulf Intelligence Middle East Energy Summit is part of the International Petroleum (IP) Week, hosted by The Energy Institute. IP Week is the leading strategic event for the global Oil & Gas industry where leaders and decision makers share their wealth of knowledge and experience with fellow experts. Three days of conferences, seminars, roundtables and social events to shape the direction of the industry. IP Week attracts over 1500 delegates from over 50 countries every year. The Middle East Energy Summit will provide a unique and intimate setting to advance strategic relationships with key oil & gas company executives and political leaders from North Africa and Middle East. H.E. Suhail Al Mazrouei, Minister of Energy & Industry, United Arab Emirates in conversation with Steve Sedgwick of CNBC at the beginning of his term as President of the OPEC Conference 2018 Outlook for Middle East Energy Industry in 100 Million Barrel a Day World? TOPICS ARAMCO IPO How will the reshaping of an industrial conglomerate move energy markets? ADNOC Offshore Concessions How will the new terms of offshore concessions unlock greater value for the Gulf market? OPEC 25+ Here for the long run? Geopolitics: How will the new dynamic between the US, China and the two Koreas impact trade and energy flows in 2019? How can the Middle East adapt? MENA Renewables: How will the hottest new act on the world s commercial energy stage perform in 2019? How will the dramatic decline in the cost of such power generation reshape the MENA energy mix in the short-term? Circular Economy Buzzword, or economics of the future? 4 th Industrial Revolution What is the future of labour, and labour of the future? H.E. Tarek El Molla, Minister of Petroleum & Mineral Resources, providing the Summit Ministerial Keynote Lecture Egypt s Role in 2018 as a Regional Centre for Energy and Oil Trade Ibrahim Al Buanain, CEO of Saudi Aramco Trading Company addressing a leadership gathering on the sidelines of IPWeek

5 KNOWLEDGE PARTNER The Gulf Intelligence Saudi Arabia Energy Forum 2019 The Gulf Intelligence Saudi Arabia Energy Forum 2019 April 8 th APEX Convention Center, KAPSARC Riyadh, Saudi Arabia Under the Patronage of H.E. Khalid Al Falih Minister of Energy, Industry and Mineral Resources, Kingdom of Saudi Arabia The Saudi 4.0 Industrial Revolution: Outlook for Energy, Industry & Minerals? Data Science. Mobile supercomputing. Intelligent robots. Automation. Data Harvesting and Mining. Self-driving cars. Digitization. We stand on the brink of a technological revolution that will fundamentally alter the way we work and how labor markets are structured. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. We do not yet know just how it will unfold, but one thing is clear: the response to it must be integrated and comprehensive, involving all stakeholders, from the public and private sectors to academia and society. INDUSTRIAL REVOLUTIONS The Saudi 4.0 Industrial Revolution? Outlook for Energy, Industry & Minerals 1 st nd rd th? Steam Engine Mechanical Production Electricity Mass Production Commercialization Computer IT Automated Production Digitization Source: the economist, World Economic forum Vast waves of technological advancement have been a major contributor to increased prosperity, productivity and job creation. One cannot deny that each industrial transformation gave rise to custom-made challenges. Therefore, it becomes imperative to anticipate and prepare for the current transition. Advocates & Legal Consultants Digitisation, mobility, big data, cloud computing, and analytics, and other drivers of transformation are expected to have a significant impact on jobs, ranging from significant job creation to job displacement, and from heightened labour productivity to widening skills gaps. Today, in many industries worldwide, the most in-demand occupations or specialties did not exist 10 or even five years ago, and the velocity of change is forecast to only quicken. In such a rapidly evolving employment landscape, the ability to anticipate and prepare for future skills requirements, job content and the aggregate effect on employment is increasingly critical for businesses, governments and individuals in order to fully seize the opportunities presented by these trends and to mitigate undesirable outcomes.

6 The 3 rd Middle East Workshop 2019 June 19 th, 2019 Capital Club, Dubai International Financial Centre Dubai, UAE Hosted by How to Encourage Deregulation and Boost Growth of Traders Within the Middle East LNG market by 2025? Establishing a Liquid, Flexible and Transparent Middle East LNG Market by 2025 One need unites all liquified natural gas (LNG) producers new rulebook: flexibility. As competition intensifies, producers must remain relevant by adapting to different volumes, timings and destinations with minimal fuss and cost. Flexibility of delivery will maximize the value of Middle Eastern LNG exports, the majority (68%) of participants said in a survey by the Middle East LNG Institute last year. One year on and this sentiment has only intensified; momentum for significant change is building. SUPPORTED BY: O ne illustration of the shifting tides is that customers are now pushing for shorter contract lengths to help manage price and volume preferences. The average length of a LNG supply contract was approximately 21 years in 1994 it fell to six years in The infamous destination clause (buyers are restricted from reselling LNG outside a designated market) are also increasingly absent from the Middle Eastern exporters negotiating table, especially for coveted Asian clients. The same applies to the growth of the floating storage and regasification unit (FSRU) market. The $240 $300 million price tag of a new FSRU typically represents 50-60% of the cost for an onshore terminal and can be delivered in half the time at months, estimates the Oxford Institute for Energy Studies (OIES). 40% The Middle East holds 40% of the world s natural gas reserves; the majority lies under Qatari and Iranian soil.

7 The 3 rd Middle East Oil Markets Workshop 2019 June 26 th, 2019 Capital Club, Dubai International Financial Centre Dubai, UAE How Would Establishment of a Middle East Oil Products Benchmark Benefit Region s NOCs? How Would Establishment of a Middle East Oil Products Benchmark Benefit Region s NOCs? The 3 rd Middle East Oil Markets Workshop will bring together 50 senior stakeholders from across the region s Energy Industry to produce top recommendations on how the Establishment of a Middle East Oil Products Benchmark Would Benefit Region s NOCs? Two factors are evolving in parallel in the Middle East s oil industry and both are a springboard for positive change especially if they join forces. Firstly, the time has come for the Middle East to have an independent oil products benchmark. This would help facilitate the development of a healthy derivatives market and improve access to fuels from all over the world. Oil product stored and traded out of the UAE s Port of Fujairah is done via the Singapore swap; an arguably a weak reflection of regional dynamics. The second factor is the IMO s 2020 ruling a decision that will overhaul the bunkering fuels market in less than two years. The timing is right the Region s NOCs a Middle East Oil Products Benchmark would be beneficial to regional players; including the NOCs! IMO 2020 offers a golden opportunity for Middle Eastern NOCs to showcase their evolutionary spirit in the global energy markets. Siloed conversations amongst the region s leading players such as Saudi Aramco, ADNOC, Kuwait Petroleum Corporation (KPC), Petroleum Development Oman (PDO) could lead to fractured compliance and expensive mistakes. Budget concerns run deep already; Wood Mackenzie said bunker fuel costs could rise by up to $60 billion annually from 2020 in a full compliance scenario. An umbrella proposal amongst NOCs about how to collectively adhere to IMO 2020 would create a united message and have a higher chance of reducing costs and bolstering efficiency. Such unity would also reinforce Middle East countries reputation as collaborative thought leaders in the global oil market. Preserving this reputation in what is a highly competitive market plays into realizing BP Outlook s forecast that the Middle East will remain the world s biggest oil producer up to 2040, accounting for over 34% of global liquids production. In-country and cross-border efforts amongst NOCs to help spearhead adherence will create a robust framework and close loopholes. The latter is especially vital for bolstering the market s faith in compliance; a necessity to establishing an independent Middle East oil products benchmark.

8 The 9 th Gulf Intelligence Energy Markets Forum 2019 Under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of Fujairah, UAE September 23 rd & 24 th Novotel Fujairah AwArds 2019 sept. 23 rd 2019, FujAirAh - uae Under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of Fujairah, UAE IMO 2020 Megatrends & the Energy Transition? trading refining ports storage

9 THE 3 rd GULF E R WORKSHOP 2019 November 10 th Abu Dhabi UAE

10 The Gulf Intelligence Abu Dhabi Energy Knowledge Series 2019 November 11 th - 14 th Abu Dhabi UAE

11 The Gulf Intelligence Oman Energy Forum 2019 November 25 th Muscat Oman OMAN ENERGY MASTER PLAN 2040 Tackling Oman s Domestic Energy Demand & Consumption Over The Next 25 Years? SUPPORTED BY

12 About Gulf Intelligence We Facilitate Knowledge Exchange Gulf Intelligence is a strategic communications & research firm effective across the full value-chain of the Middle East Energy Sector. We facilitate knowledge exchange and advance the business interests of national and international stakeholders operational in the regional industry.

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