Following the incredible success and over-whelming response from our participants of Oil Gas 2019 in Singapore, we have planned for the 2nd International Conference on Oil and Gas (Oil Gas 2020) in UAE, Dubai on April 13-14, 2020.
Oil Gas 2020 is renowned for its quality, breadth & expertise, featuring an extensive range of both strategic & technical sessions which advocate and advance the role for oil and gas in the global energy mix.
Join 2 days of high-level networking with 100+ energy executives. Hear them share honest opinions on what upstream, midstream, downstream, power and integration opportunities they find the most lucrative. This is where deals are done, and the future is made.
We personally invite you to join us in this exciting endeavour in Dubai!
Conduct demonstrations, distribute information, meet with eminent personalities, and make a splash with latest research innovations at this outstanding event.
Why attend Oil gas 2020:
Our conference aims to gather the Researchers, principal investigators, experts and researchers working on Petroleum industries and Digitization in oil and gas field from both academia and Business Delegates, Scientists & students across the world to provide an International Forum for the dissemination of original research results, new ideas & practical development experiences. This year’s Conference program is coupled with the Business Opportunity Exchange and is an event you can’t afford to miss!
- Board Members
- Vice Presidents
- Directors & Heads of Departments
- General Managers
- Senior Staff
- Policy Makers
- Sales and Marketing managers
- Country Managers
- Financiers and Lawyers
- Purchasing Managers
- Purchasing Directors
- Deal Originators
- Heads of Strategy
What to expect in 2020:
- 100+ attendees
- 50+ speakers
- 10+ sponsors and partners
- 5+ Exhibitors
- More user case studies
- More panel discussions
- More interaction
- B2B Meetings
The Emirate of Abu Dhabi holds the majority of the UAE’s hydrocarbon resources. UAE is a member of the Organization of the Petroleum Exporting Countries. UAE has one of the world’s highest rates of per capita oil consumption. It has local markets trading in crude oil futures and fuel oil futures. The oil and gas sector currently account for approx. 30% of the UAE’s gross domestic product. However, the drive for diversification and the push to establish a base for a post oil economy, i.e., the non-hydrocarbon contribution to GDP is expected to increase to over 80% by 2021. Natural gas plays a major role in UAE’s energy mix. The UAE has the 8th largest proven natural gas reserves in the world. The UAE’s proven natural gas reserves at the end of 2017 was at 5.9 trillion cubic meters, representing approx. 3.1% of the World’s total proven resources. The natural gas production in UAE was increased 1.8% during 2017 when compared to 2016. The UAE produced 60.4 billion cubic meters of marketed natural gas in 2017, representing 1.6% of global marketed natural gas production on the same year.
The dominant trend within the UAE oil & gas sector is the focus to increase their production capacity & supply, particularly in downstream sector, as the global demand for petrochemical products increases. Another prominent current trend in the UAE is the focus on hydrocarbon exploration. Aiming to be self-sufficient in gas production by 2040, in November 2018 the Supreme Petroleum Council of Abu Dhabi approved a plan to invest $132 billion to increase the UAE’s oil and gas production capacity.
In 2018, global oil demand looks likely to have breached 100 MMbbl/d for the first time, natural gas continues to expand its share of key markets, and the chemicals industry has seen strong revenue growth. Now, the oil and gas industry are entering the new year with increased volatility in prices and regulatory overhangs amidst many new business opportunities.
- Global demand growth is set to accelerate from an exceptionally weak 310 kb/d in 1Q19 and 800 kb/d in 2Q19 to reach 1.8 mb/d in the second half of the year as economic activity improves and petrochemical plants ramp up. For 2020, the pace of growth will average 1.4 mb/d compared to 1.2 mb/d this year.
- Our balances show the potential for oversupply next year, with a 2.1 mb/d expansion of non-OPEC supply, led by the US, versus 2 mb/d in 2019. That will lower the requirement for OPEC crude, with the call on OPEC plunging to 28 mb/d in 1Q20.
- Global refining throughput in 2Q19 dropped 0.7 mb/d y-o-y, the largest annual decline in 10 years. Our estimate for 2Q19 growth is revised down to 300 kb/d, but refined products stocks build, nevertheless. East of Suez refiners are more exposed to products oversupply, while Atlantic Basin runs have fallen back to 2014 levels.
- Concerns that global oil demand is slowing caused ICE Brent to decline by 10% in June, despite supportive geopolitical factors. Gasoline cracks picked up following a refinery fire on the US Atlantic Coast.
- Geopolitical tensions remain high in the Middle East Gulf and there is the interception of an Iranian tanker in the Mediterranean. Even so, the oil price impact has been minimal with no real security of supply premium.
Market overview – Ukraine
Gas consumption still exceeds Ukrainian domestic production, which leaves an incentive for us to increase our production further. The gas market remains liberal and natural gas prices were strong during 2018. Ukraine holds 1.1 trillion cubic metres (37.1 trillion cubic feet) of proven gas reserves - the second largest proven reserves in Europe. Ukraine continues to improve the investment climate in the gas production sector. Notable developments in 2018 include a new fiscal regime for wells in force from January 2018, which reduced rental fee for new wells of less than 5,000 metres to 12%, and for deeper wells to 6%
The Government and the State Geological Survey of Ukraine announced electronic auctioning of oil and gas field licences, which is a significant step towards a more transparent process. In total, 30 oil and gas licences have been made available for auction and there is the opportunity for further investments in Production Sharing Agreements.
Market overview – Russia
Whilst gas prices are regulated, they are stable and increase year on year. Increase production volumes closer to the plant capacity, in order to maximise return on the capital expenditure invested. Despite Russia’s overall gas surplus, Russia’s southern regions are short of gas with consumption exceeding production by more the three times. Whilst Russia’s average gas consumption has stagnated in recent years, Russia’s southern regions such as Krasnodar have continued to grow.
The future of LNG
LNG business models are changing due to increased resource availability, technological advancements, and new sources of demand. While long-term, oil-indexed contracts still make up the bulk of current trade gas-on-gas pricing, spot cargoes, and price transparency are increasing, creating opportunities across the value chain. These changing dynamics have increased market access for small-scale buyers and sellers, and opened new markets for natural gas traders, portfolio companies, and tolling liquefiers.
Based on a survey of LNG market executives from around the world and across the industry, this report expands on our prior analysis on the liquefied natural gas industry, Work in progress: How can business models adapt to evolving LNG markets. It includes an overview of the shifting LNG landscape, the evolving supply and demand conditions and other key trends, as well as the impact of new LNG technologies.
What’s next for LNG?
Population growth, increasing economic prosperity in developing nations, government regulation and actions focused on improving air quality will drive demand for lower-carbon energy globally including natural gas. As a result, LNG will command an increasing share of the global fuel mix given its lower-carbon footprint and its ability to flexibly supply increasingly diverse markets, customers, and applications - ranging from power generation to marine and land transportation. Based on our survey, respondents expect consumption to increase in the Asia Pacific region over the next five years, most notably in China, India, and Pakistan, with the bulk of new supply coming from the US among others.
However, the market could become increasingly fragmented and new project sanctions could be deferred. Why is that? Historically, many projects have been financed by project-level debt that required long-term sales and purchase agreements. Moreover, US export growth has been driven by tolling-style agreements, and that business model may not be readily adaptable to other countries.
The next five years will be a challenging and dynamic period for LNG producers, traders, and buyers as they navigate a rapidly evolving market.
Oil and Gas market competition
Global PPE for Oil and Gas market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- Magid Gloves
- MCR Safety
- Scott Safety