Embracing AI is Critical to a Sustainable and Prosperous Energy Future, say ADIPEC Speakers and Industry Leaders

  • Day two concludes, as technology, energy and finance leaders explore pathways for increased collaboration to drive the energy transition
  • New AI Zone highlights the intersection of energy and AI at the AI conference and exhibition, showcasing innovative solutions for a secure, equitable and sustainable energy future
  • Experts debate AI’s role in boosting efficiency, enhancing resilience and unlocking investment, while addressing the balance between AI’s potential and its environmental impact

 

Abu Dhabi, 5 November 2024: The potential of Artificial Intelligence (AI) to transform the energy industry and accelerate decarbonisation has emerged as a critical topic of conversation amongst energy ministers and business leaders, as was made clear at the world’s largest energy event, ADIPEC 2024.

On the opening day of ADIPEC, His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, emphasised the critical need for industry leaders to come together and support era-defining breakthroughs such as AI.

The emphasis on AI’s game-changing impact reflects a wider sense of optimism across the energy industry, as government leaders and business executives attending ADIPEC 2024 were united in the belief that AI can fast-track the energy transition and unlock new avenues for progress and prosperity.

In a session titled “The power of AI for the energy transition”, top executives from the private sector – including Tayba Al Hashemi, CEO, ADNOC Offshore, ADIPEC 2024 Chairperson; Michel Lutz, Chief Data Officer and Digital Factory Head of Data & AI, TotalEnergies; and Magzhan Kenesbai, Acting MD, AIQ – explored how AI is transforming business operations, and offered their expert insights on the long-term implications of wide-scale AI implementation.

Speaking to his company’s experience with AI, Michel Lutz, Chief Data Officer and Digital Factory Head of Data & AI, TotalEnergies, stated: “We are using AI to improve operational efficiency, which supports our company’s development in the renewables space. This allows us to better assist our clients in understanding their behaviour and what they need.”

Building on this sustained focus on AI’s role in the energy industry, speakers across ADIPEC’s ten different conferences emphasised the pressing need to address the challenges and opportunities surrounding this transformative technology. Alongside other top CEOs and energy executives, Tengku Muhammad Taufik, President & Group CEO, PETRONAS, urged industry players to adopt a measured and holistic approach to AI: “Before we perfect artificial intelligence, we need to address fundamental issues. AI can initiate either a virtuous or vicious cycle, depending on how we utilise this technology and how we feed it. While AI consumes a significant amount of energy and its production requires vast resources, it nonetheless helps economies and societies grow. It is up to us to respond wisely to the fork in the road ahead.”

Anima Anandkumar, Bren Professor of Computing and Mathematical Sciences, Caltech, also contributed to these critical conversations, highlighting the evolving impact of AI on both the energy industry and the environment: “We should consider not just the energy reduction achieved using AI, but also the time and money saved by employing these AI models. AI is helping us take corrective action in response to natural disasters and other climate-related issues, and the more data we have available, the better our AI models will become. The impact that AI can have in designing from scratch and creating simulations enhances our work in energy and technology.”

ADIPEC’s commitment to accelerating AI-enabled energy solutions and projects was reflected in the event’s inaugural AI Zone, which featured AI studios and demo pods that showcased transformative solutions from leading energy and AI businesses. This dynamic space provided attendees with a comprehensive view of the innovations shaping the future energy system.

The space also played host to the dedicated AI Conference, where leaders from the energy, technology, and government sectors worked together to develop a strategic roadmap for integrating AI into the energy landscape.

The AI conference featured several Innovation Showcases throughout the day, where tech giants and energy majors presented their latest breakthroughs and projects in the field of AI. Participants included Neeraj Joshi, Worldwide CTO of Energy & Resources, Microsoft; Aniruddha Sharma, Chair and CEO, Carbon Clean; Dr. Mike Roshchin, Head of AI, AIQ; and Ali Al Zaabi, acting CEO of AYP/ADP, ADNOC.

The newly launched Digitalisation & Technology Conference delved into how next-generation technologies, including AI, can unlock decarbonisation and efficiency opportunities presented by Industry 4.0. Sessions covered advancements in new materials, the Industrial Internet of Things (IIoT), and carbon capture, utilisation, and storage (CCUS), with a focus on sustainable scaling of these technologies.

In the exhibition halls, companies demonstrated their latest AI-enhanced hardware and energy equipment. Attendees explored innovative products and services designed to reduce emissions, improve energy efficiency, and accelerate the transition to cleaner energy sources.

As ADIPEC 2024 moves into its third day, the event continues to serve as a global platform for driving innovation, collaboration, and sustainable progress in the energy transition. With its unique blend of strategic insights and technological showcases, ADIPEC remains the premier forum for addressing the complex challenges of creating a low-carbon, high-growth future for the global energy sector.

Register to visit ADIPEC: https://bit.ly/3NSnoOh

Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

  • ADIPEC 2024 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al  Jaber, rallying the energy industry to lead the world to the next phase of sustainable socioeconomic growth.
  • Opening Ministerial and CEO panels confront urgent energy transition challenges and commit to collective action for a secure, equitable, sustainable energy future.
  • Day 1 highlights include discussions on the intersection of energy and AI, driving investment in new technologies and fostering cross-border partnerships that can accelerate innovation.

 Abu Dhabi, 4 November 2024: ADIPEC 2024 opened today, marking 40 years of energy stewardship by uniting world leaders under the theme of “Connecting Minds. Transforming Energy.”  

His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, delivered the opening address and rallied the energy industry to lead the world to the next phase of sustainable socioeconomic growth. He called on the industry to capitalise on the opportunities of the global megatrends and said that harnessing the megatrends require unprecedented cross sectoral integration to accelerate sustainable growth. 

“We stand at the dawn of a new era of hope and possibility, defined by three megatrends: first, the rise of the global south and emerging markets. Second, the transformation of energy systems, and third, the exponential growth of Artificial Intelligence. These three megatrends present mega opportunities that demand mega solutions. By 2050, 1.7 billion people will join our planet, mostly in the Global South. As a result, energy markets must shift and grow and energy systems must be transformed.” 

Being held in Abu Dhabi from 4-7 November, ADIPEC 2024 is expected to gather over 184,000 attendees. More than 40 ministers and 200 global C-suite executives will be among the 1,800-plus speakers who will contribute to the 370-plus conference sessions.  

These varied global perspectives will address key energy transition priorities, emphasising the need to embrace transformational solutions such as artificial intelligence to empower lives around the world and drive global sustainability and prosperity. 

The event’s commitment to innovation and cross-border collaboration was further affirmed during ADIPEC’s first Ministerial Panel, titled ‘The new global leaders and the energy transition’, which addressed the role of policy and cross-border cooperation in shaping the energy transition and expanding access to groundbreaking climate technologies.

The session heard insights from His Excellency Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Infrastructure, United Arab Emirates; His Excellency Shri Hardeep S Puri, Minister of Petroleum and Natural Gas, India; Honourable Ruth Nankabirwa Ssentamu, Minister of Energy and Mineral Development, Republic of Uganda; and His Excellency Karim Badawi, Minister of Petroleum and Mineral Resources, Arab Republic of Egypt. 

His Excellency Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Infrastructure, United Arab Emirates, said: “Our leaders in the UAE have always thought of the future, and we are committed to investing in more energy resources to ensure adequate supply. We are privileged to have leadership that cares about investment in energy, and our commitment to renewables, nuclear and conventional energy will continue.”

ADIPEC also featured insights from private sector leaders, as they explored the difficulties of balancing business priorities and rising energy consumption with the realities of climate change.  

During a session titled ‘Meeting escalating global energy demand whilst transitioning to a low carbon energy system’, attendees heard from the energy industry’s top executives, including Murray Auchincloss, CEO, bp; Wael Sawan, CEO, Shell; Tengku Muhammad Taufik, President & Group CEO, PETRONAS; Claudio Descalzi, CEO, Eni; and Musabbeh Al Kaabi, Executive Director, Low Carbon Solutions & International Growth, ADNOC.

Wael Sawan, CEO, Shell, shared his company’s approach to the energy transition: “We fundamentally believe that the world needs much more energy, and specifically more diversified forms of energy. As a company, we must be very clear about where we can invest our capital. Decarbonising our existing assets is the first step, and the next step in this process is changing our operations.” 

The world’s leading international energy organisations also made important contributions throughout day one, leveraging their unique experiences with global cooperation and energy diplomacy to outline the collective efforts required to accelerate wide-scale decarbonisation in every corner of the world.

Brian Sullivan, CEO, IPIECA, said “Our industry has the skills, expertise and experience to address the issues surrounding the energy transition, and we must bring together our drive to enhance the environmental and social performance of oil and gas, integrating energy transition with sustainable development.” 

The new Finance and Investment Conference provided a platform for leaders from government, finance, and energy to discuss the disparity between capital flows and the investment necessary for a fair and equitable transition. This was summarised in a panel on “Bridging the gap: energy and financial cross-sector collaboration to advance new projects”, by Reinhard Florey, CFO, OMV: 

“There are specific energy solutions for which we need capital. However, there is also an extended value system that we need capital support on. These extended networks, such as infrastructure, need to be built, and we encourage lenders to consider this opportunity. It takes a lot of specialist know-how to make the technology work, but it also takes the right infrastructure.” 

AI remained a critical focus of ADIPEC 2024, as this year’s event featured the all-new AI Zone, where industry experts and business leaders showcased the technology’s power to revolutionise energy systems, enhance grid resilience and unlock new investment opportunities.

With AI set to play a critical role in our energy future, ADIPEC will serve a critical platform for accelerating investment and collaboration around this transformative solution, building on 40 years of fostering innovation and sustainable progress in the global energy transition.

Register to visit ADIPEC: https://bit.ly/3NSnoOh

ADIPEC 2024 to focus on AI and finance as industries unite to accelerate energy transition

  • Held under the patronage of H.H. Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE, ADIPEC 2024 will take place in Abu Dhabi on 4-7 November
  • Landmark 40th edition will include the inaugural Energyai by ADNOC exhibition, Energyai Conference, and AI-focused Leadership Roundtables to explore critical relationship between energy and AI
  • Three new conferences to feature new voices from finance, technology, youth and the Global South to help shape a more sustainable and inclusive energy future

Abu Dhabi, UAE: 2 October 2024 – ADIPEC, the world’s largest energy event, has announced that this year’s landmark 40th edition will bring the global energy industry together to explore the key role of artificial intelligence (AI) and finance in accelerating the global

energy transition. It will also include three new conferences with new voices from finance, technology, youth and the Global South to help shape a more sustainable and inclusive energy future.

Held under the patronage of H.H. Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by ADNOC, ADIPEC 2024 will take place in Abu Dhabi on 4-7 November 2024. Over 184,000-plus attendees are expected, with more than 1,800 leading innovators, experts and visionaries from energy, AI and other technologies to speak at the expanded conference.

Tayba Al Hashemi, Chair of ADIPEC 2024 and CEO of ADNOC Offshore, said: “AI needs energy and energy needs AI. This AI-energy nexus will be a major focus of ADIPEC’s milestone 40th edition. Bringing global leaders and innovators together, we will discuss AI’s potential to transform economies and industries, particularly its role in accelerating a just, orderly and equitable energy transition.”

The ADIPEC Strategic Conference agenda convenes some of the world’s most influential voices to explore how technological innovation can fast-track the energy transition while highlighting the importance of cross-sector partnerships for decarbonisation.

Christopher Hudson, President of dmg events, said: “Marking 40 years since its inception, ADIPEC 2024 will be the most ambitious edition yet. The international community and global energy ecosystem will unite there around the need for decisive action to secure net zero. Featuring innovative technologies, valuable insights and influential voices, the event will deliver a renewed global commitment to creating a secure, equitable and sustainable energy future for all.”

Attendees at ADIPEC’s new Digitalisation and Technology Conference will learn how next-generation technologies, including AI, can unlock decarbonisation and efficiency opportunities presented by Industry 4.0. The agenda will showcase progress in new materials, the Industrial Internet of Things (IIoT) and carbon capture, utilisation and storage (CCUS), while also addressing how technologies can be scaled up in a sustainable and equitable manner.

ADNOC will launch an inaugural exhibition called Energyai (Energy to the power of AI), which highlights the impact AI can have on the energy value chain, while also revealing AI’s impending demand on global energy systems.​ Within Energyai, an AI Conference will gather leaders from the energy, technology and government sectors to develop a strategic roadmap for integrating AI into the energy landscape.

The Finance and Investment Conference is another addition to ADIPEC 2024. This conference gives leaders from government, finance and energy a platform to discuss the disparity between capital flows and the investment necessary for a fair and equitable transition.  The new Voices of Tomorrow Conference aims to connect the Global North and South, giving future leaders a voice in an inclusive future.

The ADIPEC Leadership Roundtables will also include a focus on AI. The exclusive, invitation-only closed-door discussions will explore the critical relationship between AI and energy, focusing on how AI can accelerate the development of a future-ready energy system.

Complementing the 10 conferences at the event, the ADIPEC Exhibition will span 16 halls and bring more than 2,200 exhibitors from the full spectrum of the global energy ecosystem together to showcase the latest breakthroughs shaping the future of energy. This includes 54 NOCs, IOCs, NECs and IECs, 30 dedicated country pavilions and four specialised industry areas focused on decarbonisation, digitalisation, maritime and logistics and AI.

ADIPEC offsets carbon emissions of 2023 edition

ADIPEC has moved forward on its sustainability journey by reporting its 2023 carbon emissions to the United Nations Framework Convention on Climate Change (UNFCCC) and offsetting some of its 2023 edition emissions through the UNFCCC Carbon Offset Platform.

As part of ADIPEC’s commitment to reducing its carbon emissions, carbon credits equivalent to a set portion of the emissions produced by ADIPEC 2023 were purchased through the UNFCCC Carbon Offset Platform for credits in two projects in India.

The projects, one in the city of Hazira and the other in the village of Jegurupadu, work to support the global transition from coal reliance to less emissions-intensive natural gas, as part of the ‘fossil fuel switch’ that the energy transition requires. The projects help in the conservation of depleting fossil fuels while also avoiding the intense carbon emissions of coal-fuelled power plants.

“As a global company committed to excellence, dmg events embraces the importance of sustainable practices. ADIPEC, our flagship event, has started to demonstrate our growing commitment to achieving net zero. We recognise that the journey toward sustainability is both long and complex, and we are dedicated to continuing our efforts to reduce the carbon footprints of our events,” said Christopher Hudson, president of dmg events, ADIPEC’s organiser.

ADIPEC began its emissions reduction journey in 2021 when dmg events signed the Net Zero Carbon Events pledge, a joint commitment across the events and meetings industry to achieve the targets laid out in the Paris Climate Accord. In 2023, ADIPEC furthered its obligation to sustainability when it became a signatory of the Climate Neutral Now Pledge from the UNFCCC, through which ADIPEC is committed to report its emissions footprint annually.

In 2023, ADIPEC announced details of its carbon footprint reduction strategy, which included the following measures:

  • Development of the ADIPEC Carbon Management Plan to monitor, report, and offset emissions.
  • Development and use of a carbon tracking tool for ADIPEC vendors/suppliers.
  • Development of a detailed Exhibitor Manual and Guidelines in alignment with the UN Sustainable Development Goals, to encourage our more than 2,200 exhibitors to adopt environmentally responsible behaviours and practices.
  • Hosting carbon workshops with stakeholders in the run-up to ADIPEC to ensure there was understanding, commitment, and collaboration towards achieving a carbon-neutral event.
  • Maximising reuse of materials on site, including temporary structures, equipment, and signage.
  • Integrating waste segregation and recycling facilities, resulting in 6.58 tonnes of cardboard and paper recycling.
  • Use of solar energy to partially power external tent structures.

The upcoming edition of ADIPEC, set to take place on 4-7 November 2024 in Abu Dhabi, will continue many of last year’s sustainability initiatives and introduce new ones in support of the event’s commitment to enabling growth by redefining the relationship between energy, economics and emissions. With its dynamic conference and exhibition programme, set to convene the wider energy industry, ADIPEC 2024 seeks to be a catalyst for innovation and energy action to support a just and orderly energy transition.

Digitalisation is transforming the utilities sector through increased optimisation and sustainability

Abu Dhabi, United Arab Emirates – 19th April 2022: Accelerated by urgent demands for increased connectivity, reduced costs, and improved operational efficiency – there has been a rapid growth and development in digitalisation across the world’s key industrial sectors.

With the impact of the pandemic and the increasing need of pursuing greener and sustainable alternatives, the utilities sector, an underlying facilitator for all industries, has witnessed an emergence in the adoption of digital technology in the sector, and is expected to climb as power demand rises to drive economic development.

Transforming operations and systems with digital technologies can create substantial value for utility companies. Studies indicate potential reduction in operating expenses of up to 25 percent, and performance gains of 20 to 40 percent in areas such as safety, reliability, customer satisfaction and regulatory compliance is also achievable.[1]

These incentives have led utility companies to rapidly adopt digital technologies including the reimagining of customer journeys, adding digital leak detectors to gas grids and water supply, using predictive models to schedule maintenance and other asset-management activities.

Efficient operations and lower costs mean that utility companies can pass on the savings to consumers. This is especially important given the current challenging landscape of high-energy prices that have affected consumers across the world, especially those in Europe and the USA.

It is evident that digital technologies, data, and internet of things (IoT) will play a vital role in the digital transformation of utilities.  These technologies have great potential in helping to optimise the use of energy resources and operations at remote facilities, while ensuring reliable, safe and secure infrastructures.

Emerging digital technologies, such as smart grids, industrial IoT and big data are influencing the power industry to transform into more agile, cost effective, and sustainable business models. For example, there is an increasing use of sensors and metres to detect leaks and reduce consumption through technologies, such as smart-home appliances and smart-street lightings as part of smart-city plans that are being developed and implemented.

As the digitalisation of power distribution and retail companies is expected to continue to accelerate this decade, Frost & Sullivan says that digital investments are directed toward three main areas: enhancing customer service, optimising grid operations, and developing connected businesses. By incorporating cloud computing, big data, analytics, and IoT solutions, utilities and retailers are transforming their businesses beyond commodity selling.

With global energy demand set to double by 2050, major sustainability concerns are pushing an energy efficiency agenda forward, all over the world. The UAE has to meet ambitious targets as part of the UAE Energy Strategy 2050, which includes reducing the carbon footprint of power generation by 70 percent, while also reaching Net Zero by 2050. These developments, coupled with technological disruptions, are expected to be key to accelerating global economies.

Christopher Hudson, President of dmg events, the organisers of the World Utilities Congress said: “Adopting digital technologies will help utility company managers increase the efficiency of their assets, save energy and water, and lead to an overall more sustainable country.”

He added: “Data will also play an integral role in decision-making, both for current projects and future developments, paving the way for a new energy ecosystem.”

The digitalisation of the utilities sector will be delved deeper into at the World Utilities Congress, with a dedicated strategic panel on Digital Transformation and Technological Innovations. The Congress will take place on 9-11 May in Abu Dhabi’s ADNEC, convening more than 10,000 global utilities professionals to explore critical topics, including the future of low carbon power and water supplies.

The World Utilities Congress will be held under the patronage of H.H. Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, member of the Executive Council and Chairman of the Abu Dhabi Executive Office.

Hosted by TAQA, the global exhibition and congress provides an unrivalled platform to explore the latest products, innovations, and technological advancements across the global utilities landscape. It will bring together water and power leaders to provide insights on building resilient low carbon business models with agile automated digital operations.

To learn how to access the event, visit www.worldutilitiescongress.com for more information.

[1] The Digital Utility: New challenges, capabilities, and opportunities, Mckinsey & Company

GPCA Announces Special Edition of Annual Forum to Take Place in February 2021

The forum will address the theme ‘Leadership in the New Reality – Catalyzing Sustainable Growth in the Chemical Industry’

Dubai, United Arab Emirates, 9 December 2020 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, today announces that a special edition of the 15th Annual GPCA Forum will take place on 10-11 February 2021 at the Madinat Jumeirah, Dubai, addressing the theme ‘Leadership in the New Reality – Catalyzing Sustainable Growth in the Chemical Industry’.

The forum’s agenda will include four main sessions which will be addressed by CEOs of leading chemical companies and key players from the Arabian Gulf region and globally. They will discuss opportunities for the new era beyond COVID-19. The forum is set to attract senior industry executives from over 50 countries.

The COVID-19 pandemic led to plunging petrochemical prices, eroding margins, and depressed demand during the first two quarters of 2020. The regional chemical industry started to bounce back in Q3 but has not recovered fully yet. Despite earnings being negative, the third quarter of this year closed with net income growth for the majority of listed GCC chemical producers, which posted an average net income growth of 78%.

As the chemical industry emerges from the devastating impact of the coronavirus pandemic, leadership in the new reality will become front and center to companies’ journey towards success in 2021 and beyond. The Annual GPCA Forum will provide renewed perspectives from across the world on key issues that remain top of mind for industry leaders today including leveraging technology post crisis, what value creation will look like in a changing landscape, the need to upskill the workforce of the future, build supply chain resilience and drive positive sustainability results.

Over the last decade and a half, the Annual GPCA Forum has established itself as the most anticipated downstream industry event, and promises to deliver a compelling program with an impressive line-up of speakers who will descend from all over the region and the world. Some of the speakers and panelists confirmed so far include:

· Yousef Al-Benyan, CEO, SABIC and Chairman, GPCA
· Ilham Kadri, CEO and Chairman of the Executive Committee, Solvay
· Dr. Markus Steilemann, CEO, Covestro and President, PlasticsEurope
· Dominic Waughray, Managing Director, World Economic Forum
· Ahmed Saleh Al Jahdhami, CEO Downstream, OQ
· Dr. Faisal Al-Faqeer, CEO, Sadara Chemical Company
· Mosaed Al Ohali, CEO, Ma’aden
· Dr. Ahmed Ali Attiga, CEO, APICORP
· Rayan Fayez, MD and CEO, Banque Saudi Fransi

Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented, “The COVID-19 pandemic has presented unimaginable challenges to the chemical industry the world over and redefined the priorities, business strategies and metrics for success for today’s organizations. How can chemical companies safeguard their competitiveness in 2021 and beyond? How can Arabian Gulf producers remain in the driving seat of innovation and global market leadership? What is the recipe for success on sustainability, digitalization, workforce development and value creation for shareholders with long term returns? The Annual GPCA Forum will provide a platform to debate and answer these key questions and more, and share lessons learned from the region and the world as we come together to navigate through the new reality in the post pandemic era and build a more resilient future for our industry, society and planet.”

To register your interest, visit https://gpcaforum.net/register/

ADIPEC, the World’s Largest Gathering of Oil and Gas Industry Players set to Convene Virtually

H.E. Dr. Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, to inaugurate the opening ceremony on Monday, November 9

Ceremony will feature a ministerial panel session and the 10th annual ADIPEC Awards

Over 700 thought leaders and industry experts to participate in 135 online sessions spanning 4 days 

Abu Dhabi, UAE – 3 November, 2020: The Abu Dhabi International Petroleum and Exhibition Conference (ADIPEC) 2020 Virtual Conference, the world’s largest gathering of oil and gas industry players, is set to begin on Monday, November 9, 2020.

Held under the patronage of the United Arab Emirates (UAE) President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, and hosted by the Abu Dhabi National Oil Company (ADNOC), the conference provides a global platform for policymakers, industry leaders and professionals to engage on and address the most pressing issues facing the energy sector.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO will inaugurate the opening ceremony which will take place at 14:00 GST (Gulf Standard Time) on Monday 9 November 2020.

Following the inaugural address by H.E. Dr. Al Jaber, a ministerial panel session will be held featuring H.E. Suhail Mohamed Al Mazrouei, UAE Minister of Energy and Infrastructure, His Royal Highness Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, Kingdom of Saudi Arabia, His Excellency Alexander Novak, Minister of Energy, Russian Federation and H.E. Mohammad Sanusi Barkindo, Secretary General, OPEC. The panel will focus on building resilience in the energy industry.

Omar Suwaina Al Suwaidi, Chairman of ADIPEC, said: “Over the past three decades, ADIPEC has evolved to become the world’s pre-eminent gathering of the oil and gas industry, setting the agenda of the global energy conversation and placing Abu Dhabi and the UAE at its center. This year’s virtual edition is no different. ADIPEC 2020 provides a timely opportunity for the industry to discuss practical solutions on how we can strengthen our resilience to enable long-term and sustainable value as we continue responding to the COVID-19 situation and adjust to a fast-evolving energy landscape.”

The Opening Ceremony will conclude with a celebration of the winners of the 10th edition of The ADIPEC Awards. The finalists in each of the 10 categories will join distinguished members of the jury panel and CEO of ADNOC LNG and ADIPEC Awards Chairperson, Fatema Al Nuaimi, in recognising and rewarding the individuals, companies and projects breaking down barriers and driving positive change in the industry.

The theme of this year’s ADIPEC is “Examining the Oil and Gas Industry’s Response to Unparalleled Change” and will see the conference focus on the strategies that will deliver long term success for the industry as it navigates the impact of the COVID-19 pandemic on the global economy, energy market dynamics and the implications COVID-19 has on the energy transition.

ADIPEC 2020 comprises a strategic and technical conference of more than 135 sessions, with over 700 global speakers and 115 technical sessions. The virtual exhibition will host more than 100 exhibiting companies and the global virtual meetings programme will offer attendees the opportunity to make new contacts and reconnect with their professional networks.

The Virtual Strategic Conference will see industry leaders discuss strategies for success as the long-term impact of the crisis is felt on supply and demand, the world economy, and the global energy transition.

The Technical Conference, organised by Society of Petroleum Engineers (SPE), will feature over 800 technical experts from around the world. With over 115 technical sessions the Virtual Technical Conference is the largest in the world to take place this year. Furthermore, the expanded ADIPEC Virtual Downstream Technical Conference, organised by dmg events will explore the role of AI and digitalisation in refining and petrochemicals; decarbonisation; the future workforce; energy security, and the future impact of the downstream on the circular economy.

ADIPEC 2020 Virtual can be accessed on any device that has an internet connection, giving all attendees unlimited access to global exhibitors and industry professionals at their convenience, during the actual event days and on-demand for 30 days post event.

The 2020 edition of ADIPEC boasts a confirmed list of speakers comprising energy leaders, industry experts, government officials, policymakers, thought leaders, academics and technology innovators including:

H.E. Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, Kingdom of Bahrain
H.E. Supattanapong Punmeechaow, Deputy Prime Minister, and Minister of Energy, Thailand
H.E. Tarek El Molla, Minister of Petroleum, and Mineral Resources, Arab Republic of Egypt
H.E. Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas, Minister of Steel, India
H.E. Kajiyama Hiroshi, Minister of Economy, Trade and Industry, Japan
Rt Hon, Graham Stuart MP, Minister for Exports, United Kingdom
H.E. Hala Adel Zawati, Minister of Energy and Mineral Resources, Jordan
H.E. Ihsan Ismaael, Minister of Energy and Minister of Oil, Republic of Iraq
H.E. Arifin Tasrif, Minister of Energy and Mineral Resources, Republic of Indonesia
H.E. Eng. Khairy Abdelrahman, Acting Minister of Energy and Mining, Sudan
H.E. Chief Timipre Sylva, Minister of State for Petroleum Resources, Nigeria
H.E. Mouhamadou Makhtar Cissé, Minister of Petroleum and Energy, Senegal
H.E. Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy, Equatorial Guinea
H.E. Jean-François Tremblay, Deputy Minister of Natural Resources, Canada
Frank Fannon, Assistant Secretary, Bureau of Energy Resources, US Department of State
Patrick Pouyanné, Chairman and CEO of Total.
Bernard Looney, CEO of BP.
Claudio Descalzi, CEO of Eni.
Takayuki Ueda, President and CEO, INPEX Corporation.
Mario Mehren, CEO, Wintershall DEA.
Philippe Boisseau, EO of Cepsa.
Vicki Hollub, President and CEO of Occidental.
Meg Gentle, President and CEO of Tellurian.
Hajime Wakuda, President of the Japan Oil, Gas and Metals National Corporation.

Leveraging Synergies Created by the Convergence of Operational and Engineering Technologies and Digitalisation, Can Deliver Significant Savings for Energy Companies

Pioneering technology expert tells ADIPEC Energy Dialogue up to 80 per cent of plant shutdowns could be mitigated through combination of advanced electrification, automation and digitalisation technologies

Greater use of renewables in power management processes offers oil and gas companies opportunities to create efficiencies, sustainability and affordability when modernising equipment, or planning new CAPEX projects

Abu Dhabi, UAE – 10 August 2020 – Leveraging the synergies created by the convergence of electrification, automation and digitalisation, can create significant cost savings for oil and gas companies when making both operational and capital investment decisions, according to Dr Peter Terwiesch, President of Industrial Automation at ABB, a Swiss-Swedish multinational company, operating mainly in robotics, power, heavy electrical equipment, and automation technology areas.

Participating in the latest ADIPEC Energy Dialogue, Dr Terwiesch said up to 80 per cent of energy industry plant shutdowns, caused by human error, or rotating machinery or power outages, could be mitigated through a combination of electrification, automation and digitalisation.

“Savings are clearly possible not only on the operation side but also, using the same synergies between dimensions, you can bring down the cost schedule and risk of capital investment, especially in a time when making projects work economically is harder,” explained Dr Terwiesch.

A pioneering technology leader, who works closely with utility, industry, transportation and infrastructure customers, Dr Terwiesch said despite the increasing investment by oil and gas companies in renewables and the growing use of renewables to generate electricity, both for individual and industrial uses, hydrocarbons will continue to have an important role in creating energy, in the short to medium term.

“If you look at the energy density constraints, clearly electricity is gaining share but electricity is not the source of energy; it is a conduit of energy. The energy has to come from somewhere and that can be hydrocarbons, or nuclear, or renewables.” he said.

Nevertheless, he added, the greater use of renewables to generate electricity offers oil and gas companies the option of integrating a higher share of renewables into power management processes to create efficiencies, sustainability and affordability when modernising equipment, or planning new CAPEX projects.

The ADIPEC Energy Dialogue is a series of online thought leadership events created by dmg events, organisers of the annual Abu Dhabi International Exhibition and Conference. Featuring key stakeholders and decision-makers in the oil and gas industry, the dialogues focus on how the industry is evolving and transforming in response to the rapidly changing energy market.

With this year’s in person ADIPEC exhibition and conference postponed to November 2021, the ADIPEC Energy Dialogue, along with insightful webinars, podcasts and on line panels continue to connect the oil and gas industry, with the challenges and opportunities shaping energy markets in the run up to, and following, a planned three-day live stream virtual ADIPEC conference taking place from November 9-11.

An industry first of its kind, the online conference will bring together energy leaders, ministers and global oil and gas CEOs to assess the collective measures the industry needs to put in place to fast-track recovery, post COVID-19.

To watch the full ADIPEC Energy Dialogue series go to: https://www.youtube.com/watch?v=QZzUd32n3_s&t=6s

BP invests US$5 million in a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes

BP’s Senior Vice President of digital science and engineering tells latest edition of the ADIPEC Energy Dialogue series oil and gas industry should use technology to reimagine global energy system

Companies urged to look outside industry for innovative new ideas and ways to use digital technologies to take industry forward

Abu Dhabi, UAE – 11 July 2020 – The global oil and gas industry needs to embrace a new business mindset and new digital skills if it is to reap the benefits from deploying advanced digital technologies, such as artificial intelligence, big data and analytics, robotics and quantum computing.

Participating in the latest ADIPEC Energy Dialogue, Morag Watson, BP senior vice president of digital science and engineering, said the oil and gas industry has been slower than other industries to open up to the possibilities of leveraging digital technologies in order to compete and succeed in the energy transition.

“For me it is not just about the technology,” Watson said. “Many of the technologies have been on a reasonably fast trajectory for a while. The industry has to be open to thinking, how can we do things differently?

“It doesn’t just happen by saying here are 10 robots that are going to do your work for you. It just doesn’t work that way. You have to have the right business mindset to make it possible for the technology to radically change how you do things.”

Highlighting the oil and gas industry is still at the beginning of how digital technologies can help it meet the challenges being created by the energy transition, Watson said companies should look outside the industry for innovative ideas on how to use digital technologies to help them stay successful.

Watson cited BP’s US $5 million investment in a Satelytics – a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions – as an example of how BP is making strategic investments in innovative, game-changing technologies and businesses that can help it reimagine the global energy system.

“At BP we see our venture capital program and the companies we help as a source of innovation and a crucial part of our strategy going forward,” Watson said. “These people see things differently, things that we might not have seen for ourselves. We don’t have all the answers and we want to engage with the external eco-system because we know the great ideas and solutions will come from many, many different places, helping us to innovate through our many challenges as we move forward.”

Addressing the need to bring in new digital native talent into the oil and gas industry, Watson said it needs to do more to convince young people it offers exciting, fulfilling careers in an industry that is seeking answers to the greatest challenges facing the world, including climate change.

“The industry needs to embrace the diversity of talent that is available across the world and to inspire and attract people through a different lens by connecting them to the technology, or how we use it. A good example would be our investment in Beyond Limits, and saying how can we take technology that is used on Mars and apply that in the energy industry? That is a hugely inspiring story,” Watson said.

The ADIPEC Energy Dialogue is a series of weekly online thought leadership events created by dmg events, organisers of the annual Abu Dhabi International Petroleum Exhibition and Conference. Featuring key stakeholders and decision-makers in the oil and gas industry, the dialogues focus on how the industry is evolving and transforming in response to the rapidly changing energy market.

ADIPEC attracts more than 155,000 energy professionals from 67 countries; including senior decision-makers and energy industry thought leaders, over 2,200 exhibiting companies and 23 national exhibiting pavilions as oil and gas companies convene to share views and best practices to address the long-term impact of the triple challenge of lower oil prices, weaker demand and over supply.

Held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE; hosted by the Abu Dhabi National Oil Company (ADNOC); and supported by the UAE Ministry of Energy & Industry, the Abu Dhabi Chamber, and the Abu Dhabi Tourism and Culture Authority, ADIPEC takes place at the Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi, UAE.

To watch the full Energy Dialogue series go to: https://www.youtube.com/watch?v=FRfj495moBU

About ADIPEC
Held under the patronage of the President of the United Arab Emirates, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, and organised by the Global Energy division of dmg events, ADIPEC is the global meeting point for oil and gas professionals. Standing as one of the world’s top energy events, and the largest in the Middle East and North Africa, ADIPEC is a knowledge-sharing platform that enables industry experts to exchange ideas and information that shape the future of the energy sector. The 36th edition of ADIPEC will be hosted by the Abu Dhabi National Oil Company (ADNOC) and supported by the UAE Ministry of Energy & Industry, Masdar, the Abu Dhabi Chamber, the Abu Dhabi Department of Culture and Tourism, Abu Dhabi Ports and the Department of Education and Knowledge. dmg events is committed to helping the growing international energy community.

Oil and gas industry can implement new ways of working with its suppliers to mitigate financial distress

Building long-term procurement and supply chain resilience, the worst effects of the crisis could be avoided.

ADIPEC Webinar told oil and gas operators need to work more closely with suppliers to mitigate financial impact of oil price collapse, stabilise supply chains and build long-term resilience

Abu Dhabi, UAE – 21 June 2020 – The triple shock of COVID-19 and the subsequent collapse of energy demand and oil prices have put the future of the oil and gas industry’s oil field equipment supply sector under threat, as operators impose activity and price cuts and renegotiate contracts to reduce costs.

Warning today’s industry crisis is significantly more severe than 2014, when oil prices fell by 40 percent, Alexey Dolya, Managing Director and Partner, at Boston Consulting Group, said more than half of oil field equipment suppliers are at risk of bankruptcy if oil prices remain at $30 per barrel until the end of the year.

Participating in an online ADIPEC Webinar, entitled Building Future Business Resilience through Technology, Innovation and Partnerships, Dolya said if the oil and gas industry can implement new ways of working with its suppliers to mitigate financial distress, while building long-term procurement and supply chain resilience, the worst effects of the crisis could be avoided.

In the short-term, he said, operators need to have forward-looking transparency into vendor financial health to mitigate supplier distress. In the medium term, operators and suppliers need to consider new technologies and strategic partnerships to unlock 20-50 percent lower costs to survive in a $30 per barrel oil market.

“The current crisis is very different to what we have seen before,” Dolya said. “Supplier prices have not yet recovered from the last crisis and many vendors’ health is much weaker. However, the response of oil and gas operators has been similar to 2014, with activity cuts and requests for price cuts putting suppliers at risk of bankruptcy.

“Instead, operators should look to the automotive and defence industries, where there is close collaboration with suppliers and both sides learn from each other. Operators need to build forward looking models to try to understand how long supplies can last in the current environment and work with suppliers to unlock significant potential from alliances and strategic partnerships.”

A BCG survey, conducted in May, shows the biggest impact on the oil field equipment suppliers industry is being felt in the well services, drilling and rigs and topside and process equipment categories. Other areas under pressure include seismic; subsea; logistics; engineering, procurement, construction and installation and maintenance and professional services.

According to BCG, unilateral measures to mitigate financial pressures on suppliers could include extending preferential rates; front loading ordering of products; improved access to finance, including direct lending to suppliers, direct payment of Tier 2 suppliers, bank guarantees and measures to safeguard against default, including an option to purchase, sell-off or recover input materials. Meanwhile, cross-operator levers could include government support packages for the oil field equipment supply industry, including tax exemptions; structural guarantees for key industries; greater clarity on the demand pipeline and coordinated cross operator bail-out efforts.

The ADIPEC Webinar series is a weekly online thought leadership event created by dmg events, organisers of the annual Abu Dhabi International Exhibition and Conference. Featuring key stakeholders and decision-makers in the oil and gas industry, the dialogues focus on how the industry is evolving and transforming in response to the COVID-19 pandemic and the rapidly changing energy market.

ADIPEC attracts more than 155,000 energy professionals from 67 countries; including senior decision-makers and energy industry thought leaders, over 2,200 exhibiting companies and 23 national exhibiting pavilions as oil and gas companies convene to share views and best practices to address the long-term impact of the triple challenge of lower oil prices, weaker demand and over supply.

To watch the ADIPEC webinar in collaboration with BCG go to: www.adipec.com/webinars

About ADIPEC
Held under the patronage of the President of the United Arab Emirates, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, and organised by the Global Energy division of dmg events, ADIPEC is the global meeting point for oil and gas professionals. Standing as one of the world’s top energy events, and the largest in the Middle East and North Africa, ADIPEC is a knowledge-sharing platform that enables industry experts to exchange ideas and information that shape the future of the energy sector. The 36th edition of ADIPEC will be hosted by the Abu Dhabi National Oil Company (ADNOC) and supported by the UAE Ministry of Energy & Industry, Masdar, the Abu Dhabi Chamber, the Abu Dhabi Department of Culture and Tourism, Abu Dhabi Ports and the Department of Education and Knowledge. dmg events is committed to helping the growing international energy community.

About Boston Consulting Group
Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with offices in more than 90 cities in 50 countries. For more information, please visit https://www.bcg.com