International Petroleum Week 2016 to focus on crude oil price slump

oil 50 barrelThe Energy Institute (EI) has published the programme for its International Petroleum Week 2016 – which will take place just over a year since the start of falling oil prices and two months after the United Nations Climate Change Conference (COP21) in Paris.

The theme of the 3-day event, held on 9-11 February 2016 in London, will be ‘Navigating through uncertainty’. The conference will discuss the shifting outlook of supply and demand and strategies for a challenging environment.

The sector faces an exceptional set of challenges going forward. During the week, delegates will have an opportunity to hear from global leaders sharing their thoughts on trends, issues and opportunities in the oil and gas industry.

Shifts in supply and demand, price fluctuations, upstream technological advances, finance and human capital concerns will drive the conversation throughout the sessions of this well-established annual gathering of senior oil and gas executives. Confirmed speakers include:

  • Dr Fatih Birol, Chief Economist and Director – Global Energy Economics, International Energy Agency;
  • Roberto Casula, Chief Development, Operations and Technology Officer, ENI
  • Dr Dieter Helm CBE, Professor of Energy Policy, Oxford University; and
  • Professor Sir David King, UK Foreign Secretary’s Special Representative for Climate Change.

The IP Week programme is developed by a board of oil industry experts chaired Raphael Vermeir CBE CEng FEI Chartered Petroleum Engineer, Vice President – Government Affairs International, ConocoPhillips.

He said: ‘I’ve been attending IP Week for the best part of 20 years. It is the essential event for anyone working in oil and gas.

“As a forum, IP Week brings together industry figures to discuss the strategic issues and challenges in our sector. It is the perfect place to engage on highly relevant industry topics, to keep up-to-date on the latest ideas, and to network with fellow oil and gas professionals.’

The Energy Institute (EI) is the leading chartered professional membership body for the energy industry, supporting over 21,000 individuals working in or studying energy and 200 energy companies worldwide.

Recently, Sir Ian Wood, the North Sea oil industry veteran, commented: “With crude oil prices below $50-barrel, the industry is right now facing as tough a time as it has ever faced.

“I think government and industry must get together and talk about the tax regime. There must be some clever thinking to incentivise investment, otherwise we will not be in a position to take advantage of the upturn.”

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