11:00-13:00 BST - Morning Stream
Session 1
Hon. Dharmendra Pradhan Oliver Klaus
Session 2

Covid-19 is shaking up global LNG. Current demand and future supply are in flux, with US greenfield projects stalled, and planned expansions slipping.

In the near term, a collapse in LNG demand due to the spread of the coronavirus has sent prices tumbling. Gas is also under scrutiny from the mix of green politics, pollution concerns, falling renewable energy costs and social pressures. These are a host of challenges for the fastest-growing fossil fuel, accounting for nearly a quarter of global electricity generation.

Dr. Andrew Seck Hiroki Sato Thomas Earl Clara Tan
Session 3

An epic oil surplus in the spring of 2020 prompted an unprecedented reaction from Opec-plus to avert a total collapse of oil markets and prices have firmed. But the future is anything but certain.

How durable is the Opec-plus alliance? How will the group maintain discipline as prices stabilize? US shale and producers outside the alliance have had to shut in production because of low prices, but at what point will that production start coming back, and how quickly?

H.E. Suhail Mohamed Al Mazrouei H.E. Timipre Sylva Hon. Sonya Savage Amena Bakr
13:30-14:30 BST - Energy Executive of the Year 2020

Energy Executive of the Year 2020 Award recipient — Amin Nasser, President & Chief Executive Officer, Saudi Aramco

Amin Nasser
15:00-18:00 BST - Afternoon Stream
Session 1
Leadership Dialogue - Energy Executive of the Year 2020
Amin Nasser Alex Schindelar
Session 2
Leadership Dialogue
Session 3
Leadership Dialogue
Mike Wirth Casey Merriman
Session 4
Finance: Rebuilding Confidence With Investors

Financial institutions are increasingly reluctant to invest in new oil and gas projects, driven by poor returns and poorly defined paths to meaningful decarbonization.

How universal are these changing attitudes in sovereign funds, state and private banks and to what extent will their action impact the industry? How is this affecting the majors, independents and smaller E&Ps? Will private equity funding increase sufficiently to take over the role of traditional financiers? What changes need to be made to attract back the cash?

Alastair Bishop Pauliina Murphy Julian Mylchreest Bob Maguire
10:15-14:00 BST - Morning Stream
Session 1
Leadership Dialogue
H.E. Dr. Sultan Ahmed Al Jaber
Session 2
Leadership Dialogue
Tengku Muhammad Taufik Maryelle Demongeot
Session 3
Geopolitics: The Post-Covid and Post-US World Disorder?

If the changing world order were not apparent already, the Covid-19 pandemic has revealed it in the raw.

With the US no longer willing to carry the financial and military costs of its traditional alliances, the post-World War II global order is being reshaped by the emergence of a more assertive China and Moscow’s influence-building, especially in the Middle East and North Africa. An election win by President Donald Trump will only continue these trends, particularly tensions between the US and China. Should Democratic presidential nominee Joe Biden win, will he be able to change these realities? How does this all look from China?

Alastair Crooke Ambassador Chas Freeman Isabel Hilton Rafiq Latta
Session 4
Leadership Dialogue
Patrick Pouyanné Noah Brenner
Session 5
Energy Transition: How Quickly Will We Reach a Lower Carbon Future?

Achieving the UN targets of limiting global temperature increases to no more than 1.5° requires an economic transformation the likes of which the world has never seen. Experts are divided on how to get there, but even the optimists concede it will require a major global shift.

How has the Covid-19 pandemic and its economic fallout affected the objectives? Will we see a speeding or slowing of progress toward carbon neutrality over the next three to five years?

Jules Kortenhorst Adam Sieminski TJ Conway
15:00-18:00 BST - Afternoon Stream
Session 1
Leadership Dialogue
Ben van Beurden Noah Brenner
Session 2
Natural Gas: Navigating the Policy and Political Environment.

Climate action may already be turning destructive for gas policy, both in developed and developing economies. Power is in the firing line, but other growing segments such as transport and shipping could be imperiled as well.

Furthermore, the geopolitics of gas remain as important as ever as national priorities, policies and gas requirements evolve. Beyond the Eastern Mediterranean, Nord Stream 2 and US-China relations flashpoints, gas will remain a key tool in navigating relations among the shifting cohort of buyers and sellers. Given this rapidly changing landscape, how bright is the future for gas?

Meg Gentle Prof. Jonathan Stern Nathalie Tocci Ian Nathan
Session 3
Upstream: How to Build a Future-Proof Business

In a remarkable pivot, some of the world’s largest oil companies have pledged to produce less oil and gas by 2050 driven by investor and social pressure.

This strategy, embraced by many European majors, is not shared by US majors and many national oil companies. They too are aware of the risks of climate change, but they are pursuing other solutions.

So what does a 21st century oil and gas portfolio look like? What assets are transition proof? Which ones need to be discarded? What does it mean for service companies?

Session 4
Leadership Dialogue
Vicki Hollub Casey Merriman
10:15-14:00 BST - Morning Stream
Session 1
Session 2

When oil markets went wild in the first half of 2020, traders registered record profits, cashing in on the huge swings in volatility and inexperienced players in the paper market.

But as certain companies commit to producing less oil and gas, what does the future of trading look like? Will ESG pressure – driven by society, politicians and investors – force traders into changing their business models, as those factors have stunningly done for international oil companies?

Russell Hardy Torbjörn Törnqvist Marcel van Poecke
Session 3
Claudio Descalzi Peter Kemp
Session 4

Major oil and gas companies are repositioning themselves as “Big Energy” as they adopt more emphatic decarbonization goals. The argument for years was that green investments do not generate the returns that investors want, but that is starting to change.

What is the experience of companies that have renewables in their portfolio, like major power players? How do they turn green investments into profits? What lessons can oil and gas producers learn from these companies? Does it make financial and strategic sense to move downstream into a customer-facing role that was formerly the preserve of utility companies?

15:00-18:00 BST - Afternoon Stream
Session 1
Giulia Chierchia Alex Martinos
Session 2

Covid-19 has destroyed long-standing assumptions that underpinned the modeling of future oil demand.

Where are we now? How will demand be impacted this year and next? Longer term, is a prolonged period of cheap oil going to push out previous timelines of peak oil demand? Or will pressures to lower emissions and decarbonize energy instead drive an accelerated contraction in oil demand? Could 2019 be the year that oil demand peaked?

Helima Croft Marianne Kah Dr. Edward L. Morse Abhiram Rajendran
Session 3

What is the potential of technology to achieve the required scale of decarbonization to have a truly meaningful impact on global emissions?

Can carbon capture and storage projects finally move beyond the pilot stage? What other innovative technologies exist or are being developed to achieve timely, large-scale decarbonization? And, critically, what’s this all going to cost?

Barbara J. Burger Darryl Willis Ronan Kavanagh
Session 4

US oil production may have peaked due to Covid-19. Low prices and tight capital mean companies are now focused on sustaining rather than growing production.

Has the Covid-19 crash delivered a lasting correction to US shale? Amid the gloom, are there counternarratives? What does the future hold if oil prices rebound and stay steady around $50?

Matt Gallagher Kathy Hipple Abhiram Rajendran