Evolution and future of the industry on the agenda at the 23rd World Petroleum Congress

 The 23rd World Petroleum Congress, with more than 5,000 in person attendees from over 70 countries, continued today with discussions focused on the evolution and future of the global energy industry, as well as developments in the U.S. industry. 

Three separate plenary sessions, Shaping the Energy Future, Transformation of the Oil & Gas Business, and Leading a Responsible Energy Business featured industry experts including Ryan Lance, CEO of ConocoPhillips; Mark Little, CEO of Suncor; and Girish Saligram, president & CEO of Weatherford. 

Discussing the solutions needed for the energy transition, Ryan Lance, chairman and CEO commented: “When you dive into national emissions commitments by sector, that’s where change will happen. But solutions will be different for fertilizer, steel, cement, aviation, and so on. The oil sector has the tools to provide many of those solutions.” Mark Little, president and CEO, Suncor Energy Inc. added: “We need to work together to collapse cost, manage risk, and share technologies to accelerate the pace on reducing emissions”. 

The U.S. program kicked off today with a discussion on the role of U.S. oil and gas in global energy markets, moderated by Dr. Daniel Yergin, vice chairman, IHSMarkit, Pulitzer-prize winner and author of The New Map: Energy, Climate, and the Clash of Nations, with interventions from John Hess, CEO, Hess Corporation on the impact of shale in the U.S. on the U.S. oil and gas market, and the opportunities and challenges associated with hydrogen, Mike Sommers, president and CEO of the American Petroleum Institute (API) on the importance of U.S. LNG exports, and Joseph McMonigle, secretary general, International Energy Forum on the impact of the U.S. becoming an exporter of oil, the need for continual investment in oil and gas, and the advances made by the U.S. government on carbon capture and storage. 

Continuing the host country focus, the second U.S. industry insights luncheon provided a deeper dive into the U.S. shale revolution, through a moderated panel discussion on the enabling factors that made the Permian unconventional reservoirs a global scale oil and gas play. Participating in the panel were Scott Sheffield, CEO of Pioneer Natural Resources; Travis Stice, CEO & Director of Diamondback Energy; and Tim Leach, Executive Vice President, Lower 48, ConocoPhillips. 

Attendees were also able to experience several special features on the exhibition floor including the Innovation Zone presented by ConocoPhillips, where some of 32 innovators selected from more than 200 applicants were able to pitch cutting-edge technology. The Young Professionals stand presented by HESS enabled those interested in networking opportunities, and through presentations focused on the future of the industry, to learn from industry leaders. All Special Features of the Congress, including the above as well as the Cybersecurity Pavilion and Poster Plaza, will run through today, Dec. 8. 

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