Programme

A NEW BALANCE IN THE OIL MARKET AND ITS IMPLICATIONS

Global Economy: New Challenges and Shifting Horizons
Energy Club Summit
Pavilion 8, Conference Hall 8.2 Innovation Hall

Moderator:
Nobuo Tanaka , Chairman, Sasakawa Peace Foundation; Executive Director (2007–2011), International Energy Agency


Yupu Wang , Chairman, Sinopec Group
Jeremy Weir , Chief Executive Officer, Trafigura
Robert Dudley , Group Chief Executive, BP
Eulogio Antonio Del Pino Diaz , People's Minister for Petroleum and Mines of the the Bolivarian Republic of Venezuela
Paal Kibsgaard , Chief Executive Officer, Schlumberger Limited
Patrick Pouyanne , Chief Executive Officer, Chairman of the Board, Total
Lorenzo Simonelli , President, Chief Executive Officer, GE Oil & Gas SpA

Broadcast

Key moments

When we have high oil prices we have a large amount of investment, but the level of collaboration is low.
Eulogio Antonio Del Pino Diaz
Stable price formation should provide for the recoverability of justified expenses, including investing in developing capacities.
Igor Sechin
The Arctic shelf is the basis for ensuring a long-term and sustainable supply of oil to the world.
Igor Sechin
Commerce builds bridges between nations and regions of the world.
Robert Dudley
From a strategic perspective, having a medium and long-term vision is of utmost importance in our industry.
Patrick Pouyanne
Whereas today and in the coming years the U.S. and Saudi Arabia will continue to have the greatest ability to shape [oil] supply, the role of Russia, Iran and Venezuela may increase significantly in the long-term.
Igor Sechin
Now is the time to invest in standardization because it will achieve operational execution and excellence.
Lorenzo Simonelli