11:00 AM - 11:10 AM (BST)
Welcome & Introductions
Lara Sidawi Moore Alex Schindelar
11:10 AM - 11:40 AM (BST)
Leadership Dialogue
Hon. Dharmendra Pradhan Oliver Klaus
11:50 AM - 12:30 PM (BST)
LNG: Crisis Implications for Supply, Demand and Future

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.

Thomas Earl Hiroki Sato Dr. Andrew Seck Clara Tan
12:40 PM - 1:30 PM (BST)
Oil Supply: Can the Opec-Plus Alliance Weather the Storm?

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 Hon. Sonya Savage H.E. Chief Timipre Sylva Amena Bakr
1:30 PM - 2:30 PM (BST)
Energy Executive of the Year 2020 - Award Presentation

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

His Royal Highness Prince Abdulaziz bin Salman Al Saud Raja W Sidawi Amin Nasser Ben van Beurden
2:30 PM - 3:00 PM (BST)
Leadership Dialogue - Energy Executive of the Year 2020
Amin Nasser Alex Schindelar
3:10 PM - 3:40 PM (BST)
A Leadership Dialogue - with H.E. Liu Xiaoming, Chinese Ambassador to the United Kingdom
H.E. Liu Xiaoming Clara Tan
3:50 PM - 4:30 PM (BST)
Transportation: Which Way in a Post-Covid World?
Prof. Vicki Arroyo Stephan Herbst Julia Poliscanova Lauren Craft
4:40 PM - 5:10 PM (BST)
Leadership Dialogue
Mike Wirth Casey Merriman
5:25 PM - 6:15 PM (BST)
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 Marianne Daryabegui Pauliina Murphy Julian Mylchreest Bob Maguire
6:25 PM - 6:45 PM (BST)
Partner Briefing - Venture Global LNG
Thomas Earl Ian Nathan
6:55 PM - 7:10 PM (BST)
Energy Intelligence Round-up
Oliver Klaus Casey Merriman Alex Schindelar Ronan Kavanagh
10:00 AM - 10:10 AM (BST)
Alex Schindelar
10:15 AM - 10:45 AM (BST)
Leadership Dialogue
H.E. Dr. Sultan Ahmed Al Jaber Alex Schindelar
11:00 AM - 11:30 AM (BST)
Leadership Dialogue
Tengku Muhammad Taufik Maryelle Demongeot
11:45 AM - 12:25 PM (BST)
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
12:40 PM - 1:20 PM (BST)
Leadership Dialogue
Patrick Pouyanné Noah Brenner
1:30 PM - 2:10 PM (BST)
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?

Kingsmill Bond Jules Kortenhorst Adam Sieminski TJ Conway
2:20 PM - 2:50 PM (BST)
Partner Briefing - McKinsey & Company
Giorgio Bresciani Oliver Klaus
3:00 PM - 3:30 PM (BST)
Leadership Dialogue
Ben van Beurden Noah Brenner
3:45 PM - 4:25 PM (BST)
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
4:40 PM - 5:10 PM (BST)
US Election Dialogue: Trump or Biden? Scenarios and Implications

In this session, long-time Congressman and former US Presidential candidate Dennis Kucinich will offer an insider’s perspective on the upcoming election, which promises to have fundamental implications for the future of the US, the global energy business and the wider world.

The discussion will include scenarios for the election itself and the implications for the future trajectory of the US, the prospects for radical changes in energy and climate policy if Biden wins, the outlook for the industry under a second Trump term, and the implications of the two outcomes for key international energy issues such as Iran, Saudi Arabia and China. 

Dennis Kucinich David Pike
5:20 PM - 6:10 PM (BST)
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?

Arnaud Breuillac Michael Cousins Olivier Le Peuch Namit Sharma Andrew Gould
6:20 PM - 6:50 PM (BST)
Leadership Dialogue
Vicki Hollub Casey Merriman
6:55 PM - 7:20 PM (BST)
Energy Intelligence Round-up - Partnered by Saudi Aramco

This daily round-up of the key themes emerging from day two of the Forum will feature a tribute to our colleague and friend, Dr. Herman Franssen.

Noah Brenner TJ Conway David Pike Ronan Kavanagh Alex Schindelar
10:10 AM - 10:15 AM (BST)
Alex Schindelar
10:15 AM - 10:45 AM (BST)
Dr. Armando Zamora Kathrine Schmidt
11:00 AM - 11:30 AM (BST)
H.E. Mohammad Sanusi Barkindo Shrikant Madhav Vaidya Amena Bakr
11:45 AM - 12:25 PM (BST)

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 Jeremy Weir Marcel van Poecke
12:40 PM - 1:10 PM (BST)
Claudio Descalzi Peter Kemp
1:25 PM - 1:55 PM (BST)
Paddy Padmanathan Philippe Roos
2:05 PM - 2:30 PM (BST)
Mark Brownstein Philippe Roos
2:30 PM - 2:50 PM (BST)
TJ Conway
3:00 PM - 3:30 PM (BST)
Giulia Chierchia Alex Martinos
3:45 PM - 4:25 PM (BST)

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
4:40 PM - 5:20 PM (BST)

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?

Dr. Barbara J. Burger Scott Gale Darryl Willis Ronan Kavanagh
5:35 PM - 6:15 PM (BST)

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 Greg Leveille Abhiram Rajendran
6:20 PM - 6:35 PM (BST)
Peter Kemp Abhiram Rajendran Philippe Roos Ronan Kavanagh